Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The "Laser Interferometer Market by Interferometer Type (Michelson, Fabry-Perot, Fizeau, and Twyman-Green), Type (Homodyne and Heterodyne), Application (Surface Topology, Engineering, and Science), End-Use Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global laser interferometer market is expected to grow from USD 237 million in 2020 to USD 334 million by 2025; it is expected to grow at a CAGR of 7.1% during 2020-2025.
Key factors fueling the growth of this market include the growing demand for 3D metrology services, focus on quality control, and increasing expenditure on R&D activities. Quality control is an integral part of the production process as it helps the process run smoothly without incurring any extra cost. Under quality control and inspection, a laser interferometer is used for measurement, position control, dimensional analysis, and machine calibration, among other functions. Industries such as automotive and aerospace have a complex supply chain consisting of a large number of vendors who demand consistent manufacturing and approval processes to be undertaken to ensure that required standards, such as ISO/TS 16949, have been followed.
Fizeau Interferometer to witness the highest CAGR in the laser interferometer market during the forecast period.
The market for Fizeau interferometer is expected to grow at the highest CAGR within the global laser interferometer market during the forecast period. Fizeau interferometers are a common type of interferometers that are used for measuring the surface shape and transmission quality of optics and optical-grade surfaces or characterizing optical surfaces, e.g., of mirrors or prisms. Due to this, there is an increase in demand for this interferometer in surface trilogy applications, which is expected to provide ample opportunities for the providers of Fizeau laser interferometers.
Industrial end-user industry to witness the highest CAGR in the laser interferometer market during 2020-2025.
The market for the industrial end-user industry is expected to grow with the highest CAGR during the forecast period. Manufacturing is an economic industry that continues to focus on delivering high-quality machinery parts on time. Laser interferometers are used to inspect and measure integrated data in production processes and for quality control and ensuring complete maintenance of the production process in general manufacturing and precision machining.
APAC is expected to hold the largest share of the laser interferometer market by 2025.
APAC accounted for the largest share of the laser interferometer market by 2025. The wide-scale adoption of optical measurement technologies for industrial applications is the key factor supporting market growth in this region. This growth can also be attributed to the increasing use of laser interferometers in the automotive, aerospace & defense, and industrial verticals in developing countries such as India and China. The increasing adoption of precision measurement by manufacturers in APAC, with a focus on accuracy and reliability of the manufactured products, is further expected to propel the growth of the laser interferometer market in APAC.
Reasons to buy the report
- This report segments the laser interferometer market comprehensively and provides the closest approximations of the overall market's size and its subsegments (across different interferometer types, types, applications, end-user industries, and regions).
- The report would help stakeholders understand the pulse of the market and provide them with information about key drivers, restraints, challenges, and opportunities.
- This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem and product launches, contracts, and partnerships carried out by major market players.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Laser Interferometer Market
4.2 Market, by Interferometer Type
4.3 Market in Europe, by Industry and Country
4.4 Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for 3D Metrology Services
5.2.1.2 Focus on Quality Control
5.2.1.3 Increasing Expenditure on R&D Activities
5.2.2 Restraints
5.2.2.1 Price Sensitivity Associated with Laser Interferometer Solutions
5.2.2.2 Using White Light Interferometry Method
5.2.3 Opportunities
5.2.3.1 Growing Demand for Automobiles Worldwide
5.2.3.2 Growing Manufacturing Industries in Developing Countries
5.2.4 Challenges
5.2.4.1 Increase in Rental and Leasing Services
5.2.4.2 Short-Term Impact of COVID-19 on Industrial Applications
5.3 Value Chain Analysis
5.4 Technology Development Trend of Fizeau Interferometer
5.4.1 High Resolution Based
5.4.2 Low Noise Based
5.4.3 Wavelength Phase Shifting Based
5.4.4 Spatial Phase Shifting Based
5.4.5 Non-Null Detection Based
5.5 Laser Interferometer Ecosystem
5.6 Average Selling Price Analysis
5.7 Patent Analysis
5.7.1 Patent Registrations, 2015-2019
5.8 Laser Interferometer: Patent Analysis
5.8.1 Methodology
5.8.2 Document Type
5.8.3 Insight
5.8.4 Carl Zeiss
6 Impact of COVID-19 on Laser Interferometer Market
7 Laser Interferometer Market, by Interferometer Type
7.1 Introduction
7.2 Michelson Interferometer
7.2.1 Using Single-Beam Splitter and Light Source, Michelson Interferometers Offer Precise Measurement of Industrial Machine Parts
7.3 Fabry-Perot Interferometer
7.3.1 Fabry-Perot Interferometer Highly Recommended for Measuring Wavelength of Light in Telecommunication
7.4 Fizeau Interferometer
7.4.1 Fizeau Laser Interferometers Suitable for Optical and Surface Measurement in Engineering and Industrial Fields
7.4.2 Various Applications of Fizeau Interferometer
7.4.2.1 Measuring Speed of Light
7.4.2.2 Manufacturing and Evaluation of Quality of Optical Component and Systems
7.4.2.3 Measurement of Flat and Spherical Surfaces
7.5 Mach-Zehnder Interferometer
7.5.1 Using Dual Beam Splitters to Analyze Object, Mach-Zehnder Interferometers Suitable for Error-Free Measurements
7.6 Sagnac Interferometer
7.6.1 Sagnac Interferometer Used for Rotational Measurements
7.7 Twyman-Green Interferometer
7.7.1 Twyman-Green Interferometer Mainly Used for Testing Optical Devices
8 Laser Interferometer Market, by Type
8.1 Introduction
8.2 Homodyne
8.2.1 Homodyne Provides Accurate Measurement Using Single Light Source
8.3 Heterodyne
8.3.1 Heterodyne Interferometer Suitable for Metrological Estimation of Picometre-Order Periodic Error in Manufacturing Applications
9 Laser Interferometer Market, by Application
9.1 Introduction
9.2 Surface Topology
9.2.1 Source Topology - Major Application of Laser Interferometer for Precise Measurement
9.2.2 Surface Detection
9.2.3 Roughness Detection
9.2.4 Curvature Radius Detection
9.3 Engineering
9.3.1 Laser Interferometer Adopted by Engineering Applications Widely Owing to Its Characteristics
9.4 Applied Science
9.4.1 Interferometer Suitable for Various Applied Science Applications
9.5 Biomedical
9.5.1 Biomolecules Measured Using Interferometry Technique in Biomedical Applications
9.6 Semiconductor Detection
9.6.1 Measurement of Electronics Components Boosts Demand for Laser Interferometer
10 Laser Interferometer Market, by End-User Industry
10.1 Introduction
10.2 Automotive
10.2.1 Need for Precise Dimensional Measurement Drives Market in Automotive
10.3 Aerospace & Defense
10.3.1 Increase in Demand for Laser Interferometers for Detailed Measurement of Components Inside Aircraft
10.4 Industrial
10.4.1 High Need for Laser Interferometers in Applications Such as Surface Tomography and Dimension Measurement
10.5 Life Sciences
10.5.1 Using Interferometers for Scanning Purposes Boosts Market in Life Sciences Industry
10.6 Electronics Manufacturing
10.6.1 Increase in Miniature Electronics to Boost Demand for Laser Interferometers
10.7 Telecommunication
10.7.1 Increased Requirement for Interferometry for Frequency Division Multiplexing in Telecommunication
11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Rest of the World
12 Competitive Landscape
12.1 Introduction
12.2 Market Player Ranking and Share Analysis
12.2.1 Market Share
12.3 Revenue Analysis of Top Market Players
12.4 Competitive Situations & Trends
12.4.1 Product Launches
12.4.2 Collaborations, Agreements, and Partnerships
12.4.3 Merger & Acquisitions
12.4.4 Expansions
12.5 Company Evaluation Matrix
12.5.1 Star
12.5.2 Pervasive
12.5.3 Participant
12.5.4 Emerging Leader
12.6 Strength of Product Portfolio (25 Companies)
13 Company Profiles
13.1 Key Players
13.1.1 Renishaw plc
13.1.2 Keysight Technologies, Inc.
13.1.3 Carl Zeiss
13.1.4 Sios Metechnik GmbH
13.1.5 Zygo Corporation
13.1.6 Mahr Inc.
13.1.7 Tosei Engineering Corp.
13.1.8 Optodyne, Inc.
13.1.9 Qed Technologies
13.1.10 Mller-Wedel Optical GmbH
13.2 Right to Win
13.3 Other Companies
13.3.1 Smaract GmbH
13.3.2 Micron Optics, Inc.
13.3.3 Taylor Hobson Ltd.
13.4 Companies Offering Laser Fizeau Interferometers
13.4.1 4D Technology Corp.
13.4.2 Trioptics GmbH
13.4.3 Apre Instruments, Inc.
13.4.4 Adloptica Optical Systems GmbH
13.4.5 Logitech Limited
13.4.6 Bruker Corporation
13.4.7 Holmarc Opto-Mechatronics (P) Ltd.
14 Appendix
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