According to the research report titled ‘Global Thin Film Metrology System Market Size study with COVID Impact, By Application (Semiconductor, MEMS, Data Storage, High-Brightness LED (HB-LED), Nanometrics and others) By Product Type (Opaque Films, Transparent Films, Thick Films and others) and Regional Forecasts 2020-2027’ available with Market Study Report, global thin film metrology system market is projected to register a robust CAGR of around 3.4% over 2020-2027.
 

For the record, thin film metrology systems are used to calculate thickness-related parameters of a film such as stress and resistance. The system comprises of an IC with a series of film layers that act as conductors, bare wafers or semiconductors.
 

Increasing digitization of the overall electronics and semiconductors industry along with emergence of innovative manufacturing technologies and component architecture are augmenting the growth of worldwide thin film metrology system market.
 

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Furthermore, increasing utilization of memory-based materials in advanced devices has impelled the adoption of film metrology systems across various industry verticals including automotive, consumer electronics, and telecommunication, which in turn is stimulating the overall market outlook
 

Citing an instance, as per Statista, the semiconductor vertical is estimated to garner sales worth USD 433.03 billion by the year 2020. However, constant variations in the demand of the semiconductor vertical are expected to hamper the expansion of market throughout the timeframe of analysis.
 

Based on the application spectrum, the market is segmented into nanometrics, HB-LED, data storage, MEMS, semiconductor, and other. Moving on to the product landscape, worldwide thin film metrology system industry comprises of thick films, transparent films, opaque films and others.
 

From a regional frame of reference, the report claims that North America dominates the global market in terms of product demand and is predicted to showcase similar growth during the forecast period. Factors such as increasing disposable income and increasing demand for electronic goods are swaying the market dynamics in North America.
 

Alternatively, as per the report, Asia-Pacific thin film metrology system industry is projected to exhibit a healthy CAGR over 2020-2027. Growing population has resulted in high demand for thin film metrology systems, which in turn is facilitating the business scenario in Asia-Pacific.
 

The major players operating in the global thin film metrology system industry are Semilab Semiconductor Physics Laboratory Co. Ltd., Hitachi High-Tech Corporation, SCREEN Holdings Co Ltd., Rudolph Technologies, Inc., Nova Measuring Instruments, Nanometrics Incorporated, and KLA-Tencor Corporation among others.