The global Laser Interferometer Market Size is expected to grow at an 4.1% CAGR during the forecast period.
A laser interferometer is an electrical instrument that measures surface topology and dimensional positing of the object. The interferometer uses a laser beam to understand the positioning of the optical surface using a beam splitter. This beam splitter splits reference beam and test beam and then understands the positing and topology using reference surface. The intensity of the resultant beam provides accurate and precise results about the surface.
Laser Interferometer proves their effectiveness in the application of hostile environment and at the remote application site. It is used across a wide range of industry verticals and can measure optical imaging in a high-temperature environment, fast-moving parts, and physically inaccessible areas.
|Fastest Growing Market||Asia Pacific|
|Largest Market||North America|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
Laser interferometer provides exceptional precision for the surface measurement and also provides accurate measurements for the geological topography application. The application of laser interferometer in the field of metrology is anticipated to provide certain development for the market. Laser interferometer capable of making measurements without making actual contact with the surface, thus eliminating the risk of damage or deformation of the sensitive surface. The interferometers can register microscopic measurements of nanometer distance and also can provide readings over several meters, which further increases the scope of application in the metrology operations.
The application of laser interferometers across the automotive and aerospace industry is expected to elevate the market sales of laser interferometers in the global market. The recent advances made in the laser interferometers industry extends its viability in metrology applications. For instance, the development of interferometers consisting of patented ring-shaped light sources eliminates extraneous fringe patterns in the surface data due to imperfections in the internal optics or the presence of dust particles in the application environment.
Phase-shifting laser Fizeau interferometry is capable of providing optical testing with low uncertainty in the precise measurements and performance-based operation. The traditional phase-shifting laser-based interferometer is prone to provide inconsistent results due to vibration and turbulence. With the development better preforming of phase-shifting interferometry and its ability of acute measurements are anticipated to improve over the forecast years. The ability to provide a full-field view, high measurement sensitivity, and measurement results in a short time the use of interferometry is expected to bolster in the slated period
Furthermore, the development of the spatiotemporal phase-shifting method (ST-PSM), which is capable of yielding highly accurate and is regarded as the robust phase analysis method, can improve stable measurements of the phase-shifting method. The spatiotemporal phase-shifting method also eliminates the possibility of periodic errors, which acts as the milestone advantage and increase the possibility of its application in a variety of end-use industry. For instance, in the automotive industry to obtain extremely accurate non-contact shape and deformation measurement. The application of interferometers in life and material sciences also for the measurement of the thickness of transparent materials.
Geographically, the laser interferometer market has been categorized into five different regions, namely North America, Europe, Asia-Pacific, the Middle East, and Africa (MEA), and Central and South America and the Caribbean. Among these, North America is expected to govern a large share of the global market, whereas, the Asia-Pacific is the region that is set to exhibit rapid growth outpacing the rest of the regions in the market.
North America is the home to many prominent Laser Interferometer developers and also an operation base for many customers operating in different end-user verticals. Many laser interferometer manufacturers are making developments in their product portfolio to widen their scope of target customer base and develop the application of laser interferometers in research institutions and calibration laboratories. This effective product strategy adopted by the prominent manufacturer Renishaw plc. is projected to cement their revenue share in the market.
The players such as Germany-based manufacturer Carl Zeiss have adopted an inorganic growth strategy. As a part of this market strategy, the company is trying to capture the market by making acquisitions of the companies with strong growth potential in the global market. The acquisitions are also helping the company to improve product diversity in the existing product portfolio of the company. Additionally, the company can also expand sustainable innovation infrastructure to develop more advanced products for the market.
Additionally, another market player named Zygo Corporation, which is operating as a laser interferometry manufacturer is making developments in their products to elevate its applications in surface form metrology. The increment in the application of 3D imaging services in the market is expected to provide a significant upsurge for the market.
With the increasing preference of consumers in the U.S. and Canada towards optical and non-contact imaging for accurate production measurements, the market of laser interferometers market to exhibit skyrocketing growth prospects over the forecast years in the market.
According to our analysis automotive segment is projected to hold a massive share in the global market. Increasing manufacturing of the high-end vehicles and also the development of more precise and effective automotive parts prompting the market share of the segment. Additionally, due to the increasing competition in the market and the demand of the customers for improved performance and fuel-efficient vehicles, automotive manufacturers need more precise and accurate parts. These requirements of the automotive manufacturers are attracting them towards the laser interferometer.
Additionally, easy object verification, non-contact dimensional assessment of the products, and high speed of operation along with operational flexibility are estimated to provide growth of the market. Need for minimizing the Geometrical tolerances and precision dimensional measurements to further propel the market share of the automotive segment.
The prominence of Fizeau interferometer across the markets can be termed as the most impactful factor in the growth of the laser interferometer market share. The development of phase-shifting Fizeau Interferometer also attracting several customers, which are procuring laser interferometers for better surface topology.
Additionally, to eliminate the problem of inaccurate results in highly turbulent applications and problems in operations due to vibration in phase-shifting Fizeau Interferometer is eliminated due to spatiotemporal phase-shifting method strengthening sales of Fizeau Interferometer in the market.