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Laser Interferometer Market worth $447 million by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

24 Jul, 2024, 14:15 GMT

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CHICAGO, July 24, 2024 /PRNewswire/ -- The laser interferometer market is expected to be valued at USD 315 million in 2024 and is projected to reach USD 447 million by 2029; growing at a CAGR of 7.2% during the forecast period according to a new report by MarketsandMarkets™. Advancements in semiconductor and electronics industries and technological advancements in laser interferometry are key factors driving the expansion of the laser interferometer market. Restraints such as the availability of alternate measurement technologies and the requirement of skilled personnel hinder market growth. However, factors such as expansion in emerging markets with industrialization and integration with industry 4.0 will provide lucrative opportunities for market players in the coming years.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83973072

Browse in-depth TOC on "Laser Interferometer Market" 

163 – Tables
56 – Figures
210 – Pages

Laser Interferometer Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 315 million

Estimated Value by 2029

$ 447 million

Growth Rate

Poised to grow at a CAGR of 7.2%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technique, Type, Component and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Addressing the need for continuous technological upgrades

Key Market Opportunities

Development of more user-friendly and cost-effective models

Key Market Drivers

Increasing adoption in aerospace and automotive sectors

Fizeau interferometer by type to witness the highest CAGR during the forecast period.

Fizeau interferometers have more accuracy in measuring surface flatness. Fizeau interferometer are widely used to assess the surface shape and transmission quality of optical components and optical-grade surfaces. These types of interferometers ensure that optical elements such as lenses and mirrors meet precise specifications before assembly into optical systems. They are also essential in the inspection process to maintain high standards of optical surface quality in production lines. These interferometers can handle large optical components, making them ideal for advanced manufacturing and optical testing applications. Technological advancements and reduced costs make Fizeau interferometers more accessible to various industries.

Laser interferometer market for surface topology by application holds high market share during the forecast period.

Surface topology measures the deviations of a surface from a flat plane, often in industries like automotive, aerospace and electronics. Laser interferometers offer high accuracy in calculating small surface features, often useful in compliance with industry standards and enhancing product performance. Demand for high-precision components in several industries steadily increases, so the need for precise surface topology assessment will fuel market expansion.

Heterodyne by technique in laser interferometer market to exhibit the highest CAGR during the forecast period.

Heterodyne laser interferometers have advanced features, making them essential in precision engineering, semiconductor manufacturing, and advanced scientific research. They have the ability to measure at higher speeds and handle complex motions with minimized errors. The technique used by heterodyne laser interferometers increased the signal-to-noise ratio, validated the detection of minute displacements, and improved overall measurement quality.

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Based on region laser interferometer industry for North America is expected to hold the highest market share during the forecast period.

North America has an established and expanding manufacturing sector, especially in the automotive and semiconductor industries. The region has shown investments in research and developments while increasing the adoption of advanced technologies, thereby boosting demand for precision measurement instruments. Government initiatives, such as the Laser Interferometer Space Antenna (LISA) project, highlight the strategic importance of laser interferometry in scientific research and technological advancement. LISA aims to detect and measure gravitational waves, showcasing the high precision and sensitivity of laser interferometers. The region is home to some of the largest multinational corporations operating in the market, including Keysight Technologies (US), Zygo Corporation (US), Mahr Inc. (US), Optodyne, Inc. (US), and QED Technologies (US).

Key Players

The laser interferometer companies includes major Tier I and II players like Renishaw plc. (UK), Keysight Technologies (US), ZEISS Group (Germany), Zygo Corporation (US), and Bruker Corporation (US), and others. These players have a strong market presence in advanced packaging across various countries in North America, Europe, Asia Pacific, and the Rest of the World (RoW).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/laser-interferometer-market.asp
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