The laser interferometer market crossed US$ 260 million mark in 2022 and is expected to hit US$ 350 million by 2030, recording a CAGR of 8.0% during the forecast period.
The demand for laser interferometer is significantly growing for quality control and inspection purposes
The rising demand for metrology services and rising focus on quality control are fuelling the growth of the laser interferometer market. Also, the growing expenditure on R&D activities for the development of advanced interferometer is driving the growth of the laser interferometer market. Moreover, the continuous requirement of laser interferometers in semiconductor and automotive industries to produce highly precise and complex parts is fuelling the laser interferometer market growth.
The fizeau interferometer segment is expected to pace up during the forecasted period due to its increasing use for the measurement of optic components and dimensional measurements of flats and surfaces in various industries. Further, the other segments, which are michelson interferometer, fabry"perot interferometer, mach"zehnder interferometer, sagnac interferometer, and twyman"green interferometer are also expected to gain traction during the forecasted year.
Within the report, the laser interferometer market is segmented into interferometer, type, application, end-user, and geography. By interferometer, the market is further segmented into michelson interferometer, fabry"perot interferometer, fizeau interferometer, mach"zehnder interferometer, sagnac interferometer, and twyman"green interferometer. On the basis of type, the market is bifurcated into homodyne and heterodyne. By applications, the laser interferometer market is categorized into surface topology, engineering, applied sciences, biomedical, and semiconductor detection. By end-user, the laser interferometer market is further segmented into life sciences, automotive, aerospace and defense, electronics manufacturing, industrial, and telecom. Geographically, the laser interferometer market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The growing demand for 3D metrology services will propel the laser interferometer market growth.
Laser interferometer is used to carry out precise measurements of very small linear dimensions. It uses laser means and electronic controls to inspect machine parts for parallelism, straightness, and flatness. It is also used to calibrate machine tables, slides, and axis movements of coordinate measuring machines. Moreover, they are also used in ultraprecision machining and manufacturing, ultraprecision positioning control, and used in several non-contact optical sensing technologies.
The growing demand of automobiles is one of the major factors accelerating the market growth.
The laser interferometers are widely adopted in various industries like life sciences, automotive, aerospace and defense, electronics manufacturing, industrial, and telecom. The demand for laser interferometers in the automotive industry is increasing in the forecasted period due to the growing adoption of optical measuring systems for object verification, measurement of high-precision dimensions, and geometrical tolerances. Also, the rising sales of automobiles worldwide boost the laser interferometer market growth. Other industries, such as life sciences, aerospace and defense, electronics manufacturing, industrial, and telecom are also boosting the growth of the laser interferometer market.
Recent strategic developments in the laser interferometer market
The laser interferometer market has undergone several significant developments, and a few of these have been mentioned below:
The laser interferometer market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Automated Precision, Inc (API); Keysight Technologies; Mahr GmbH; M-LLER-WEDEL OPTICAL GmbH; Optodyne, Inc.; QED Technologies; Renishaw plc; SIOS MeŸtechnik GmbH; TOSEI ENGINEERING CORP.; and Zygo Corporation are among the prominent players operating in the laser interferometer market.
Target audience for the report:
Scope of the report:
In this report, the laser interferometer market has been segmented on the basis of:
Companies profiled
- Automated Precision, Inc (API)
- Keysight Technologies
- Mahr GmbH
- M-LLER-WEDEL OPTICAL GmbH
- Optodyne, Inc.