Laser Interferometers Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global laser interferometers market is projected to witness growth at a compounded annual growth rate (CAGR) of 6.8% during the forecast period of 2022-2030.

Laser interferometers are typically systems that utilize laser as a source of light for offering precise resolution and accuracy. They are widely used across the automotive, semiconductor, and defense & aerospace industries to detect wafer uniformity, the quality & flatness of the surface, defects, analyzing air flows, metrology applications, quality control and inspection, such as exact measurement of industrial parts, dimensional analysis, position control, machine calibration, etc.

Growth Drivers:

The primary factors responsible for the growth of the global laser interferometers market include: the proliferating adoption of laser interferometers among various end-user industries; the rising demand for automobiles, especially in the developing nations including India, China, Japan, Australia, and others: the burgeoning global demand for 3D metrology services; and the surging expenditure on R&D activities by leading market players.

Additionally, the demand for consistent approvals and quality control processes for ensuring the proper maintenance of standards across the automotive and aerospace, and other industry verticals has been witnessing a steep upsurge since the last few years. Quality control is an essential component in the production process that utilizes interferometers for a variety of applications. With the growing demand for quality control across industries, the demand for laser interferometers is slated to increase in the next few years.

Moreover, the market players operating in the market are continuously engaging themselves in various R&D activities to improve the quality of the existing interferometers and develop new and advanced ones. They are also looking to expand their geographical presence by setting up new production plants across major parts of the globe. All these factors are creating ample opportunities for the global laser interferometers market to grow in the next few years.

Furthermore, other factors such as the rapidly changing consumer demand for industrial products and the soaring technological developments in the measuring techniques leading to an enhanced need for more accurate and precise industrial products are expected to further bolster the growth of the global interferometers market during the forecast period.

However, factors such as: the high cost associated with laser interferometers and the dearth of knowledge regarding these high - quality products among people are expected to hinder the growth of the global laser interferometers market to some extent during the forecast period.

Laser Interferometers Market Segmentation:

By Product:

·         Michelson Interferometer

·         Fabry–Perot Interferometer

·         Fizeau Interferometer

·         Mach–Zehnder Interferometer

·         Sagnac Interferometer

·         Twyman–Green Interferometer

By Type:

·         Homodyne

·         Heterodyne

By Application:

·         Surface Topology

·         Engineering

·         Applied Sciences

·         Biomedical

·         Semiconductor Detection

·         Others

By End-User Industry:

·         Automotive

·         Aerospace & Defense

·         Industrial

·         Life Sciences

·         Electronics Manufacturing

·         Telecommunication

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on product, the Fizeau interferometers segment acquired the largest share of the global laser interferometers market in 2021. The segment is anticipated to continue with the trend and attain the highest growth in the global laser interferometers market during the forecast period. The high demand and usage of Fizeau interferometers across various end-user verticals for measuring transmission quality of optics and dimensional measurements of flats and surfaces is the major factor behind the large share and high growth of this particular segment.

Based on end-user industry, the automotive segment captured the largest share of the global laser interferometer market in 2021. The segment is projected to continue to lead the market during the forecast period due to the surging adoption of optical interferometry for high-precision dimensional measurement, verification of objects, and geometrical tolerances and the growing sales of automobiles as a result of the rising disposable incomes and purchasing power of people across the globe.

Regional Outlook:

The European region led the global laser interferometers market in 2021, followed by North America. The region is predicted to retain its dominance further in the market during the forecast period of 2022-2030. Factors such as the rapidly growing end-user industries; the fast-paced adoption of laser interferometers by these end-user industries; the presence of leading market players; the expanding production capacities; and the enhancing transport, energy, and labor costs in the region that aid in improving the profit margin of the players are majorly driving the growth of the market in the region.

The Asia Pacific region is poised to emerge as the fastest-growing regional market for laser interferometers during the forecast period. The growth of the market in the region can be well attributed to factors including the rising adoption of precision measurement by manufacturers; the growing requirement of critical measurement systems in several end-user sectors; the large-scale adoption of optical measurement technologies for various industrial applications, and the high usage of laser interferometers in the automotive, aerospace & defense, and industrial verticals in the emerging economies of the region. Moreover, the ever-increasing population base, the high economic growth, and the rising emergence of leading market players and their manufacturing units in the region are also expected to aid in the swift expansion of the laser interferometers market in the Asia Pacific region. India, China, and Japan are the leading contributors to the growth of the market in the region.

Key Companies in Laser Interferometer Market:

·         Carl Zeiss AG

·         Aerotech Inc.

·         Status Pro

·         Olympus Corp.

·         4D Technology Corporation

·         Logitech Limited

·         Renishaw

·         Agilent

·         Optodyne, Inc.

·         QED Technologies

·         SIOS MeŸtechnik GmbH

·         Zygo Corporation

·         Automated Precision Inc (API)

·         Keysight Technologies

·         Mahr GmbH

·         M-LLER-WEDEL OPTICAL GmbH

·         TOSEI ENGINEERING CORP.

·         Other Players