Increase in investment in industrial automation is driving the laser interferometer market size. Laser interferometers are widely used in surface profiling, optometry, and velocimetry owing to their advantages such as high accuracy, long-range optical path, high repeatability, and ease of installation. Rise in demand for 3D meteorology is expected to augment market progress during the forecast period.
Laser interferometer offers high precision in the calibration of machine tables and slides. It has the ability to measure the position of products with multiple degrees of freedom at high accuracy. Laser interferometer helps control the position and motion of products with more accuracy compared to any other method. It enables the manufacture of products such as integrated circuits and medical devices.
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Rise in Adoption of Industrial Automation Driving Laser Interferometer Market Growth
Quality control is the most important parameter in the industrial sector. Laser interferometers are used for accurate, rapid, and precise monitoring and inspection of the quality of assembled parts, components, and finished products. They also play a vital role in coordinating metrology solutions and accurately measuring large objects.
Increase in investment in automation is anticipated to augment market expansion in the next few years. Industry 4.0, cloud computing, and big data analytics are widely implemented across industries. Growth in demand for quality products in less duration has led to an increase in focus on high precision and accuracy in production processes. Automation is taking over manual jobs to achieve such precision and accuracy. This is likely to boost the adoption of laser interferometers in industrial automation.
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According to the latest laser interferometer market forecast, Asia Pacific is expected to hold largest share during the forecast period. The region held 33.2% share in 2021. Expansion in the automotive sector and increase in adoption of industrial automation in countries such as China, Japan, South Korea, and India are driving the business in the region.
Laser interferometers are employed in the automotive sector for dimensional measurement, profiling, alignment, and control. Increase in demand for laser interferometers in the electronics & semiconductor sector to manufacture highly precise and complex parts is also likely to propel laser interferometer industry growth in Asia Pacific in the next few years.
North America held prominent share of 26.4% in 2021. Surge in demand for laser ranging interferometers in the aerospace & defense sector is fueling the industry in the region. Rise in investment in automation is estimated to boost the laser interferometer market in the U.S. in the next few years. Companies in the aerospace & defense sector utilize laser interferometers to ensure smooth industrial operations.
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The key market stakeholders engaged in the global Laser Interferometer market, such as market players, material suppliers, equipment manufacturers, end users, sellers, dealers and so on, have been discussed in detail in this study. The market’s growth drivers are explored in depth, explaining in detail the various consumers of the market. According to particular requirements, information and data may also be added by market player, country, sort, application, etc., and custom research. There is a SWOT study of the business in the research. Finally, the research includes the conclusion chapter, which incorporates the perspectives of the industry professionals.
Analysis of Key Players
The landscape is consolidated, with a limited number of players catering to the global demand. Vendors are expanding their laser interferometer market share through comprehensive investment in R&D activities. They are also expanding their regional presence through various growth strategies such as partnerships, collaborations, and mergers & acquisitions.
Haag-Streit Group, Keysight Technologies, Mahr GmbH, Evident, OPTODYNE Laser Metrology S.r.l, QED Technologies International, Inc., Renishaw plc, Status Pro, Tosei Engineering Corp., and Zygo Corporation are prominent vendors operating in the sector. These vendors have been profiled in the laser interferometer market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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