Laser Interferometer Market

Global Laser Interferometer Market Size (2023 to 2028)

The global laser interferometer market is expected to be worth 284.09 billion USD in 2023. It is expected to grow at a CAGR of 7.35% during the forecast period and reach a value of 405.01 billion USD by 2028.

One of the most essential measuring technologies used to produce exact distance measurements between two real-life objects is the Laser Interferometer. In most interferometers, a single laser beam is split into two beams that travel along separate optical channels before being merged to produce interference. Laser interferometers are commonly employed in ultrafine machining and manufacturing, ultrafine positioning control, and a variety of non-contact optical sensing technologies.

A laser interferometer is a device that uses a laser as a light source since the laser has a high intrinsic brightness and monochromaticity. The advantages of Nano scale and long-distance measurements are provided by these systems. Laser interferometers can also be used in flat panel inspection, wafer steppers, and Nano-scale micromachining because of their fine resolution and accuracy. They were created in response to the rising demand for high-precision displacement calibration in the automotive and semiconductor sectors. The precision of these interferometers, on the other hand, varies depending on how they are utilized and over time. As a result, if they are not calibrated on a regular basis, they are prone to inaccuracies.

Global Laser Interferometer Market Drivers:

3D metrology can be used for measurement modeling, which entails visualizing measurements taken throughout the manufacturing process of a product whose quality can be regulated via statistical sampling. To properly characterize a product for precision inspection, a substantial amount of 3D data is required. Aerospace and defense, automotive, heavy industrial, medical, electronics, and energy and power are just a few of the industries that use 3D modeling. 3D models are a collection of data points generated by optical measurement systems like vision measuring machines (VMMs) or Coordinate Measuring Machines (CMMs) and merged using intelligent data models and data integration tools. Displacements and other measurements are made via laser interferometers, which are dependable, fast, and accurate. In 3D metrology, laser interferometers are quite useful. As a result, the laser interferometer market is likely to grow in response to the growing need for 3D metrology in various industries.

The growing industrial automation is one of the major driving factors of the global laser interferometer market. Interferometers are used to measure optical component lengths and shapes with Nanoscale precision. They are length-measuring equipment with a high degree of precision. Due to global production restrictions, demand for these devices has decreased; nonetheless, the laser interferometer market is expected to grow in the near future. Because of its high precision, non-contact measurement, and immunity to magnetic couplings, interferometers have become an excellent option due to improvements in resolution and accuracy. Interferometers are in higher demand in applications such as high-precision machine tools, manufacturing chains, and 3D metrology. All applications that demand precise length measurement benefit from the use of new-generation laser interferometers.

Global Laser Interferometer Market Restraints:

Price sensitivity associated with laser interferometer solutions is one of the restraining factors that are expected to hamper the Global Laser Interferometer Market. It's challenging to obtain the required ROI that fits within a company strategy because of the expenditures connected with setting up measuring and calibration tools. Different types of measurements necessitate a variety of pricey measuring devices. The measurement ecosystem's customers typically choose cost-effective, technologically advanced measurement equipment. Engineers and manufacturers have been forced to improve old technologies on a large scale due to the need for enhanced standards and features, as well as the expansion in the number of applications. Due to the necessity for experienced operators and the corresponding high labor costs, the laser interferometer market faces obstacles during measurement and testing operations.

REPORT COVERAGE:

This research report on the global laser interferometer market has been segmented and sub-segmented into the following categories.

Laser Interferometer Market - By Interferometer Type:

• Michelson
• Fabry-Perot
• Fizeau
• Twyman-Green

Fizeau is anticipated to possess the dominant share within the Global Laser Interferometer Market during the Forecast Period. Fizeau laser interferometers are widely used in numerous sectors for applications such as measuring optic components and dimensional measurements of flats and surfaces, which is expected to drive the market for these interferometers over the forecast period. It is a benchmark against which other optics are measured. A beam splitter separates the beam from a laser source in an exceedingly Fizeau laser interferometer. The align mode on most commercial Fizeau laser interferometers requires the operator to center a bright dot on the viewing screen with a crosshair.

Laser Interferometer Market - By Type:

• Homodyne
• Heterodyne

Heterodyne is expected to have the dominant share in the Global Laser Interferometer Market during the Forecast Period. Similar to how a radar monitors a car's speed, a heterodyne interferometer measures mirror displacement by monitoring phase shift owing to the Doppler Effect. Because of its excellent resolution, precision, and low sensitivity to environmental fluctuations, the heterodyne interferometer has become a popular choice for geometric error detection equipment. The utilization of heterodyne interferometers in precision instruments for modern industrial and scientific applications is projected to drive the laser interferometer market forward. Only a single detector is required in heterodyne interferometers to measure both displacement and direction, making object alignment easy.

Laser Interferometer Market - By Application:

• Surface Topology
• Engineering
• Science

Surface topology is expected to have the dominant share in the Global Laser Interferometer Market during the Forecast Period. Surface topography measurement with interferometry is a time-honored approach. Surface shape interferometric measurements are relative measuring techniques that compare the shape of a known surface to that of an unknown surface and display the difference as a series of interference fringes. Denoising is required before reconstruction because noise linked to the interference fringes can have disastrous effects on the phase-unwrapping process.

Laser Interferometer Market - By End User:

• Automotive
• Industrial
• Semiconductors
• Ophthalmology
• Aerospace & Defense

Automotive is expected to have the dominant share in the Global Laser Interferometer Market during the Forecast Period. The expansion of the automotive segment of the laser interferometer market is likely to be fuelled by rising automobile sales, which are expected to be fuelled by rising disposable income and higher purchasing power of the population in various countries throughout the world. The increased use of optical interferometry for object verification, high-precision dimensional measurement, and geometrical tolerances has aided the automotive industry's expansion.

Laser Interferometer Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Europe is expected to have the dominant share in the Global Laser Interferometer Market during the Forecast Period. Rapid technical advancements and rising automation usage in the automotive and aerospace and defense industries in the region are projected to boost the market's growth in Europe. Advanced technologies are being used by laser interferometer manufacturers to promote seamless industrial processes. The laser interferometer market in Europe is dominated by Germany and the United Kingdom.

Asia-Pacific is expected to witness steady growth in the Global Laser Interferometer Market during the Forecast Period. Due to the rise of the automotive, industrial automation, defense and aerospace sectors in nations such as China, India, and Korea, which require high accuracy, there was a substantial demand for laser interferometers in Asia Pacific.

North America is expected to boost the growth in the Global Laser Interferometer Market during the Forecast Period. In North America, the use of a high-precision dimension measurement and measuring system for object verification utilizing a laser interferometer, which enables noncontact dimensional measurements at a fast speed and with improved accuracy, is growing. As a result, growth in the automotive, additive manufacturing, and electro-mobility industries is expected to improve North America's market share.

KEY MARKET PLAYERS:

Keysight, Optodyne, Renishaw, ZYGO, Carl-Zeiss, Status Pro, Olympus and Fujifilm are some of the notable players in the laser interferometer market. 

RECENT HAPPENINGS IN THE MARKET:

• The Nancy Grace Roman Space Telescope will explore dark energy, dark matter, exoplanets, and infrared astrophysics, and L3Harris is building the optical telescope for it. The company is also working on the engineering development unit telescopes for NASA's Orion crewed mission and the Laser Interferometer Space Antenna, which will demonstrate the potential to measure gravitational waves in space.
• Avo Photonics (Horsham, PA) is producing over 20 next-generation laser seed sources to demonstrate its design efficacy, manufacturing processes, and laser system ruggedness for NASA's Goddard Space Flight Centre (Greenbelt, MD) and the European Space Agency's Laser Interferometer Space Antenna (LISA) mission to measure gravitational waves in space.