The global laser interferometer market size is expected to
New York, December 06, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the Report “Laser Interferometer Market with COVID-19 Impact Analysis by Interferometer Type, Type, Application, End User Industry and geography – Global Forecast to 2026 “- https://www.reportlinker.com/p05975211/?utm_source=GNW
The level of tolerance in the manufacturing industry is very low. Therefore, there is a significant need for product documentation and tracking, which makes area measurement in the manufacturing process essential for improving product durability and quality. Measuring surface displacement is one of the quality control processes and is usually not part of the production line itself. The contact area measurement method is commonly used in quality control. Processes consume a lot of time in the case of human interaction. Therefore, to reduce or eliminate the time without adding value, efficient measurement tools, quality inspection tools and automation processes have been used. The companies focus on automating measurement and production processes with the integration of laser interferometers capable of capturing precise measurements. Thus, the quality control of each component surface measurement is ensured in a production line. For example, in October 2021, Zygo Corporation (US), a provider of optical metrology solutions, launched Verifire Asphere +, an addition to its Verifire series of Fizeau laser interferometers. The Verifire Asphere + (VFA +) builds on the success of the Verifire Asphere interferometer, specially designed for fast, non-contact, high-resolution 3D metrology of aspherical surfaces. The VFA + leverages the advantages of Fizeau interferometry through a unique combination of precise, high resolution, fast and full aperture metrology for axisymmetric aspheres.
The major factor limiting the growth of the laser interferometer market includes the price sensitivity associated with laser interferometer solutions and the use of white light interferometry method. The costs associated with setting up measurement and benchmarking tools make it difficult to obtain the targeted return on investment in the business plan.
Different types of measurements require various measuring devices which are expensive. Specialized professionals are required to operate this measuring equipment and measure the device under test in accordance with applicable regulations and guidelines.
Consumers in the measurement ecosystem typically opt for cost-effective, state-of-the-art measurement equipment. The demand for advanced specifications and features, as well as the increase in the number of applications, has forced engineers and manufacturers to upgrade existing technologies on a large scale. .
The laser interferometer market faces challenges during the measurement and testing process, owing to the need for skilled operators and the associated high labor costs. The reduction in test time, which generates substantial savings for equipment manufacturers, is a constraint for measurement equipment suppliers. In addition, measurement tools require high capital expenditure. In order to keep pace with innovative technologies, companies need to expand their product line, resulting in recurring software and hardware improvements, thus increasing overall maintenance costs.
The market declined in 2020, mainly due to the impact of COVID-19. Supply chains have been disrupted in 2020 due to lockdowns imposed by various governments and labor shortages in these industries due to travel restrictions, which would affect the laser interferometer market.
Although the market was affected in 2020, it is expected to fully recover by 2022.
Heterodyne Interferometer: Largest Segment of Laser Interferometer Market, By Type
A heterodyne interferometer measures the displacement of the mirror by measuring the phase change due to the Doppler effect, similar to a radar which measures the speed of a car. precision and less sensitivity to environmental variations.
Heterodyne interferometers are primarily used in precision instruments for modern industrial and scientific applications, which is expected to propel the growth of the laser interferometers market. In heterodyne interferometers, only one detector is needed to measure both displacement and direction, which makes aligning an object easier.
However, it requires a highly stabilized two-frequency laser source and more sophisticated detection electronics. These characteristics of the heterodyne interferometer give it an advantage over homodyne interferometers.
Industrial: Fastest Growing Laser Interferometer Market Segment, By End User Industry
The industrial segment is expected to grow at the highest CAGR during the forecast period. The manufacturing industry is focused on delivering high quality machine parts on time.
Laser interferometers are used to inspect and measure data integrated into production processes and for quality control in general manufacturing and precision machining. Main industrial applications include in-process surface metrology, roughness measurement, 3D surface metrology in hard to reach spaces and hostile environments, profilometry of surfaces with aspect ratio characteristics high (grooves, channels, holes) and film thickness measurement.
Europe holds the largest market share in the laser interferometer market
Europe accounted for the largest share of the laser interferometer market in 2020. The rapid technological developments and increased adoption of automation in the automotive, aerospace and defense sectors in the region are the drivers. key factors that are expected to drive the market growth in Europe.
Manufacturers of laser interferometers use advanced technologies to support smooth industrial operations. The laser interferometer market in Europe has been segmented into Germany, France, UK, and the rest of Europe (including Italy, Sweden, Switzerland, Norway, Netherlands, l ‘Austria and Finland).
Germany and UK are the main countries contributing to the laser interferometer market in Europe. These countries have a significant presence of end user industries, such as automotive, biomedical, aerospace and defense.
Additionally, the use of laser interferometers in water treatment plants and automotive industry is expected to drive the growth of the laser interferometers market in the region. Improving economic conditions, along with growing demand for passenger cars, is expected to boost the growth of the laser interferometer market in the region. Some of the major players in the region are Renishaw (UK), Carl Zeiss (Germany), SIOS Me ?? technik GmbH (Germany), Taylor Hobson Ltd. (United Kingdom) and Status Pro Maschinenmesstechnik GmbH (Germany).
The study contains information from various industry experts ranging from component suppliers to Tier 1 companies. The distribution of primaries is as follows:
â¢ By type of business: level 1 – 35%, level 2 – 40% and level 3 – 25%
â¢ By designation: C-level executives: 25%, directors: 30% and others: 45%
â¢ By region: North America – 40%, Europe – 32%, APAC – 23% and RDM – 5%
The report presents the major players of the global Laser Interferometers Market with their respective market share analysis. Major players featured in this report are Renishaw PLC (UK), Keysight Technologies (US), Carl Zeiss (Germany), SIOS Me ?? technik GmbH (Germany), AMETEK, Inc. (US), Mahr Inc. (Germany), TOSEI ENGINEERING CORP. (Japan), QED Technologies (United States), MÃLLER-WEDEL OPTICAL GmbH (Germany), SmarAct GmbH (Germany), Luna Innovations Incorporated (United States), 4D Technology Corporation (United States), ÃPRE Instruments (United States United), Trioptics GmbH (Germany), AdlOptica Optical Systems GmbH (Germany), Logitech Limited (United Kingdom), Holmarc Opto-Mechatronics P Ltd (India), attocube systems AG (Germany), HighFinesse Laser and Electronics Systems GmbH (Germany ), XONOX Technology GmbH (Germany), Thorlabs, Inc. (United States), Automated Precision, Inc. (United States), Lasertex Co. Ltd (Poland) and FUJIFILM Holdings Corporation (Japan).
The report segments the laser interferometer market and forecasts its size, by value, based on region (North America, Europe, APAC and ROW), by type of interferometer (Michelson interferometer, Fabry-Perot interferometer, interferometer Fizeau, Mach-Zehnder interferometer, Sagnac interferometer, Twyman-Green interferometer), by type (homodyne, heterodyne), by application (surface topology, engineering, applied sciences, biomedical, semiconductor detection), by industry of end user (automotive, aerospace and defense, industry, life sciences, electronics manufacturing, telecommunications). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the Laser Interferometer market.
The report also covers qualitative aspects in addition to quantitative aspects of these markets.
Main advantages of purchasing the report
The report will help the leaders / new entrants in this market with information about the closest approximations to revenue figures for the overall market and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insight to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders to understand the pulse of the Laser Interferometers market and provides them with information on key market drivers, restraints, challenges, and opportunities.
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