CHICAGO, July 24,
2024 /PRNewswire/ -- The laser
interferometer market is expected to be valued at
USD 315 million in 2024 and is
projected to reach USD 447 million by
2029; growing at a CAGR of 7.2% during the forecast period
according to a new report by MarketsandMarkets™. Advancements
in semiconductor and electronics industries and technological
advancements in laser interferometry are key factors driving the
expansion of the laser interferometer market. Restraints such as
the availability of alternate measurement technologies and the
requirement of skilled personnel hinder market growth. However,
factors such as expansion in emerging markets with
industrialization and integration with industry 4.0 will
provide lucrative opportunities for market players in the coming
years.
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Browse in-depth TOC on "Laser Interferometer
Market"
163 – Tables
56 – Figures
210 – Pages
Laser Interferometer Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 315
million
|
Estimated Value by
2029
|
$ 447
million
|
Growth Rate
|
Poised to grow at a
CAGR of 7.2%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Technique, Type,
Component and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Addressing the need for
continuous technological upgrades
|
Key Market
Opportunities
|
Development of more
user-friendly and cost-effective models
|
Key Market
Drivers
|
Increasing adoption in
aerospace and automotive sectors
|
Fizeau interferometer by type to witness the highest CAGR
during the forecast period.
Fizeau interferometers have more accuracy in measuring surface
flatness. Fizeau interferometer are widely used to assess the
surface shape and transmission quality of optical components and
optical-grade surfaces. These types of interferometers ensure that
optical elements such as lenses and mirrors meet precise
specifications before assembly into optical systems. They are also
essential in the inspection process to maintain high standards of
optical surface quality in production lines. These interferometers
can handle large optical components, making them ideal for advanced
manufacturing and optical testing applications. Technological
advancements and reduced costs make Fizeau interferometers more
accessible to various industries.
Laser interferometer market for surface topology by
application holds high market share during the forecast
period.
Surface topology measures the deviations of a surface from a
flat plane, often in industries like automotive, aerospace and
electronics. Laser interferometers offer high accuracy in
calculating small surface features, often useful in compliance with
industry standards and enhancing product performance. Demand for
high-precision components in several industries steadily increases,
so the need for precise surface topology assessment will fuel
market expansion.
Heterodyne by technique in laser interferometer market to
exhibit the highest CAGR during the forecast period.
Heterodyne laser interferometers have advanced features, making
them essential in precision engineering, semiconductor
manufacturing, and advanced scientific research. They have the
ability to measure at higher speeds and handle complex motions with
minimized errors. The technique used by heterodyne laser
interferometers increased the signal-to-noise ratio, validated the
detection of minute displacements, and improved overall measurement
quality.
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Based on region laser interferometer
industry for North
America is expected to hold the highest market share during
the forecast period.
North America has an
established and expanding manufacturing sector, especially in the
automotive and semiconductor industries. The region has shown
investments in research and developments while increasing the
adoption of advanced technologies, thereby boosting demand for
precision measurement instruments. Government initiatives, such as
the Laser Interferometer Space Antenna (LISA) project, highlight
the strategic importance of laser interferometry in scientific
research and technological advancement. LISA aims to detect and
measure gravitational waves, showcasing the high precision and
sensitivity of laser interferometers. The region is home to some of
the largest multinational corporations operating in the market,
including Keysight Technologies (US), Zygo Corporation (US),
Mahr Inc. (US), Optodyne, Inc. (US), and QED Technologies (US).
Key Players
The laser interferometer companies includes major Tier I
and II players like Renishaw plc. (UK), Keysight Technologies (US),
ZEISS Group (Germany), Zygo
Corporation (US), and Bruker Corporation (US), and others. These
players have a strong market presence in advanced packaging across
various countries in North
America, Europe,
Asia Pacific, and the Rest of the
World (RoW).
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Browse Adjacent Market: Semiconductor and Electronics
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