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Laser interferometers are systems which use laser as a source of light for providing properties such as precise resolution and accuracy. This makes them applicable for flat panel inspection, wafer steppers, nanoscale & long-distance measurements, and nanoscale micromachining. This technique is widely used to detect flatness of the surface, defects, wafer uniformity, the quality of the surface and for quality control and inspection, such as measurement, dimensional analysis, position control, machine calibration etc. They are also used in wind tunnels to analyze the air flows and metrology applications. Their wide application and uses lead to high demand in the market.
These high-quality systems are constantly required by mostly semiconductor & automotive industries and others such as defense & aerospace, to produce highly accurate & complex parts, and in machine shops, to check the exact measurement of industrial parts. These were initially developed for meeting the growing demands of high precision displacement calibration in the automotive and semiconductor industries.
The global laser interferometer market is expected to grow at a robust CAGR throughout the decade.
The growth of the market is attributed towards major pertaining factors including the growing demand for 3D metrology services, the rising adoption of laser interferometer among the industries, and the increasing demand for automobiles in emerging economies, such as India, China, Japan, Australia, and others.
Additionally, in quality control and inspection, a laser interferometer is used for measurement, position control, dimensional analysis, and machine calibration, among other functions. Several industry verticals such as automotive and aerospace have complex and rigid supply chain consisting of large number of vendors who demand consistent approval and quality control processes to be undertaken to ensure the maintenance of standards, such as ISO/TS 16949. As such, quality control being an integral part of the production processes fuels the demand and need for laser interferometers which enhances their market.
Moreover, ample growth opportunities of the laser interferometer market in Asia Pacific can also be witnessed which bolsters the growth of the market globally and accordingly as a result of which various related organizations and firms in this region are currently trying to establish global presence by setting up their plants comprehensively on a large scale. Furthermore, the rapidly changing consumer demand for industrial products & the increasing technological development in the measuring techniques have developed the need for more accurate and precise industrial products, thereby driving the overall market for laser interferometers.
However, the high cost of laser interferometers, restricted user information and knowledge regarding these high-quality products, the costs linked with setting up measurement and calibration tools for manufacturing and testing are a few factors which hinder the growth of this market. Along with this, the current COVID-19 situation is also negatively impacting the growth of this market.
LASER INTERFEROMETER MARKET SEGMENTATION:
By End-User Industry:
The European region is the largest regional market for laser interferometers owing to the presence of key players in the region which account for more than 50% of the market share, the consistently increasing production capacities, improving energy, transport costs, and labor costs in the region which increase the profit of the players by reducing their overall costs.
The APAC region is the fastest growing regional market for laser interferometers and is expected to continue to hold a substantial share in the coming years. This growth in the region is attributed to factors such as the wide-scale adoption of optical measurement technologies for industrial applications, the increasing use of laser interferometers in the automotive, aerospace & defense, and industrial verticals in the developing countries, increasing adoption of precision measurement by manufacturers and the increasing requirement of critical measurement systems in the automotive, electronic manufacturing and defense & aerospace end-user sectors etc.
FEW KEY PLAYERS IN LASER INTERFEROMETER MARKET:
In November 2020, the US Patent & Trademark Office published a patent application from Apple that related to a new projection system that could work with a desktop to present an illuminated keyboard or gaming controller; work with a future mixed reality headset to provide a floating keyboard or an interactive gaming object; and finally, be used in a professional application providing an interactive presentation screen or wall. The scanning light beam in the system could be emitted by a self-mixing interferometry sensor within the projector. The self-mixing interferometry sensor could be used to detect a touch, press, or other interaction with the projected image.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global laser interferometers market by the following segments:
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Key Questions Answered in the Global Laser Interferometers Industry Report
The report offers a comprehensive insight on the Laser Interferometer Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.