Laser Interferometer Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2027
The Laser Interferometer Market is forecasted to grow from USD 151.6 Million in 2018 to USD 221.8 Million by 2026, at a CAGR of 4.7%, during the forecast period. The changing consumer demand for industrial products and the increasing technological development in measuring techniques have developed the need for more accurate and precise industrial products.
The semiconductor and automotive industries constantly
require laser interferometers to produce highly accurate and complex
components. Laser interferometers are used in machine shops to check accurate
industrial parts measurement. Other applications for laser interferometers
include consumer electronics, ophthalmology, defense and aerospace. The high
costs of laser interferometers and restricted customer information regarding
these high - quality products hinder market development.
Key participants
include
Optodyne (USA), Agilent (USA), Renishaw (UK), Status Pro
(Germany), API Corporation (USA), Tosei Corp. (Japan), Zygo Corp. (US), Carl
Zeiss AG (Germany), Aerotech Inc. (US), Olympus Corp. (Japan) and others.
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Further key
findings from the report suggest
The Laser Interferometer Market is forecasted to grow from
USD 151.6 Million in 2018 to USD 221.8 Million by 2026, at a CAGR of 4.7%,
during the forecast period. The changing consumer demand for industrial
products and the increasing technological development in measuring techniques
have developed the need for more accurate and precise industrial products.
The market for homodyne laser interferometer is expected to
reach USD 127.3 million in 2026, at a CAGR of 5.3%, during the forecast period.
Unlike the dual frequencies used in heterodyne detection, homodyne signifies a
single frequency. In thermo reflectance techniques, homodyne and heterodyne
techniques are commonly used.
The market for absolute laser interferometer is expected to
reach USD 108.2 Million in 2026, at a CAGR of 4.9, during the forecast period.
The magnetic encoders are designed for to be used in harsh environments in
applications such as industrial automation and assembly systems, metalworking,
stone-cutting, sawing, textiles, plastics processing, woodworking and others.
Europe is expected to grow the largest and reach USD 81.1
Million in 2026, at a CAGR of 4.7%, during the forecast period. It is
anticipated that Europe will dominate the global market due to the presence of
key players in the region like Renishaw which accounted for more than 50% of
the market share in 2018. APAC is expected to grow at the highest CAGR of 5.6%
during the forecast period. The need for critical measuring systems in the
automotive, electronic manufacturing and end - user defence & aerospace
sectors paves the way for the continuous growth of the market for laser
interferometers in this region.
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For this report, Reports and Data have segmented into the
global Laser Interferometer market on the basis of resin type, composite
phases, industry vertical, and region:
Type (Revenue, USD Million; 2016-2026)
Homodyne Laser
Interferometer
Heterodyne Laser
Interferometer
Encoder Type (Revenue, USD Million; 2016-2026)
Absolute
Incremental
Interferometer Type (Revenue, USD Million; 2016-2026)
Field and linear
interferometers
Intensity and
nonlinear interferometers
Quantum optics
interferometers
Interferometers
outside optics
Application (Revenue, USD Million; 2016-2026)
Automotive
Consumer Electronics
Semiconductor
Ophthalmology
Defense &
Aerospace
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and
Revenue, USD Million; 2018-2028)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
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