North America is expected to lead the film thickness measurement market by 2023

According to the new market research report "Film Thickness Measurement Market by Technology, Film Type, Application (Aerospace & Aviation, Automotive, Food & Pharmaceutical Packaging, Industrial Manufacturing, Medical, Semiconductors), and Geography - Global Forecast to 2023", the film thickness measurement market is estimated to grow from USD 391.8 Million in 2017 to USD 521.9 Million by 2023, at a CAGR of 4.9% between 2017 and 2023. The growth is attributed to the growing demand for cost optimization across applications such as automotive, food & pharmaceutical packaging, medical, and semiconductors; increasing trend of technology miniaturization; and the rising awareness of film thickness measurement benefits to meet quality standards.

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North America is expected to lead the film thickness measurement market between 2017 and 2023

North America is estimated to hold the largest share of the film thickness measurement market in 2017, followed by Europe and Asia Pacific. The advent of connected cars and intelligent transportation systems, coupled with the growing demand from the medical sector, is expected to spur the film thickness measurement market growth in North America. In addition, major breakthroughs in semiconductor manufacturing are likely to further boost the market growth in the forthcoming years.

Major players operating in the film thickness measurement market include ALTANA (Germany), Bruker (US), DeFelsko (US), Elcometer (UK), ElektroPhysik (Germany), Fischer Technology (US), Hamamatsu (Japan), HORIBA (Japan), Keyence (Japan), KLA-Tencor (US), Nanometrics (US), Otsuka Electronics (Japan), Rudolph Technologies (US), SCREEN Holdings (Japan), and Spectris (UK). Key market players focus on acquisitions, collaborations, joint ventures, partnerships, and product launches & developments to enhance their product offerings and expand their businesses.

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