Laser Interferometer Market

Laser Interferometer Market by Technique (Homodyne, Heterodyne), Type (Michelson, Fabry-Pérot, Fizeau, Mach-Zhender, Sagnac, Twyman-Green), Component (Laser Source, Photodetector, Optical Elements, Control System, Software) – Global Forecast to 2029

Report Code: SE 7748 Jul, 2024, by marketsandmarkets.com

[210 Pages Report] The global laser interferometer market is expected to be valued at USD 315 million in 2024 and is projected to reach USD 447 million by 2029; it is expected to grow at a CAGR of 7.2% from 2024 to 2029. The market is experiencing growth driven by the emerging applications in industries due to superior precision details offered by laser interferometers and development of more affordable, and user-friendly laser interferometers. In the aerospace & defense industry, where safety and performance are paramount, laser interferometers are used to align aircraft components, inspect engine parts, and ensure high-quality aerospace materials. As the semiconductor manufacturing processes become more complex, with feature sizes shrinking to nanometer scales, the need for precise metrology tools becomes critical. As technology evolves, laser interferometers are likely to become even more precise, compact, and user-friendly, driving their adoption across a wider range of industries and applications.

Laser Interferometer Market

Laser Interferometer Market

Laser Interferometer Market Forecast to 2029

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Laser Interferometer Market Dynamics

Driver: Increasing adoption in aerospace and automotive sectors

The aerospace and automotive industries are increasingly using laser interferometers due, to the importance of precision and quality control in manufacturing processes. In aerospace laser interferometers play a role in ensuring component accuracy and assembly integrity, which directly affects safety and performance. Likewise in the sector these tools are crucial for making measurements in engine parts and other high precision components leading to improved product quality and manufacturing efficiency. The rising need for measurement devices, in these industries is driving growth in the laser interferometer market.

Restraint: Sensitivity to environmental conditions affecting accuracy

Most devices based on laser interferometers are rather sensitive to changes in environmental conditions including the temperature, humidity, and vibrations. These instruments use the measurement of the wavelength of the light which is sensitive to even the slightest interference from the extra environmental factors. Fluctuations in temperature will change the refractive index of air to a certain extent and humidity influences the light path in terms of measurement while any type of vibration will introduce noise in the scenario, thus falling short of providing a precise measurement. These include the effort of having to control environments in a bid to ensure accurate results by avoiding interferences; this comes at an extra cost and more importantly, many industries do not support the creation of such controlled environments hence the limited use of laser interferometers.

Opportunity: Development of more user-friendly and cost-effective models

The emergence of new laser interferometer products that can be applicable to more industries and offer high accuracy at lower cost is also a primary driving force for the market’s growth. These make these devices easier for people to use, with basic user sophistication increasing as software becomes more improved. Lower costs can consequently attract more SMEs who could earlier afford the mode high-end technologies. These improvements can enable pervasive application in various industries, including manufacturing and health care, causing growth of the market and encouraging development of newer uses for accurate measurement.

Challenge: Addressing the need for continuous technological upgrades

Meeting the requirements for technological advancement is a major concern of the laser interferometer market. Since industries are dynamic, the need for upgraded, accurate as well as faster measuring instruments becomes felt. To match up with such developments, there must be adequate focus put on the interferometer’s R&D to try and develop or improve the current models. Third, the absorption of new technologies with existing systems may not always be easy and affordable which is a challenge to mass uptake. In industry practices, manufacturers need to optimize the efficiency of the products while they are still innovative enough to satisfy requirements and keep the competitive advantage while considering usability by clients.

Laser Interferometer Market Ecosystem

Leading players operating in the laser interferometer market are Renishaw plc. (UK), Keysight Technologies (US), ZEISS Group (Germany), Zygo Corporation (US), and Bruker Corporation (US), and many more.

Laser Interferometer Market by Ecosystem

Laser interferometer market for surface topology segment by application to exhibit the highest CAGR during the forecast period.

Out of all the applications of the laser interferometer market, the surface topology application is expected to have the highest CAGR in the forecasted period because of the growing needs for higher precise surfaces in semiconductors, optic industries, and materials science. These applications demand that the surface topography analyzed is detailed and precise so as to serve the intended purpose of evaluating the quality or performance of a particular product. Innovations in nanotechnology and reduction of the size of the components also lead to the requirement of efficient surface analysis instruments. Given the increasing trend in industries towards chase of higher quality and innovation, there will be steep increase in the use of laser interferometers particularly in the processes relating to surface topology.

Fizeau by type is estimated to account for the largest market share during the forecast period.

Fizeau interferometers are likely to occupy the largest market share for laser interferometers due to their use in testing flatness for different flats and to measure surfaces in various applications in high accuracy industries. They can give accurate and reliable measurements, and integrating them into already existing systems is very convenient which makes the manufacturers prefer them. A rising market for optical components and new materials, as well as for ensuring the quality of the products obtained, also strengthens their positions.

Heterodyne segment by technique to exhibit the highest market share in laser interferometer market.

Heterodyne laser interferometers are forecasted have the largest market share of the total laser interferometer market because of its high accuracy, stability, and resolving power. These interferometers do not have phase ambiguity issues and perform better in terms of environmental fluctuations and are used in precision manufacturing industries such as Semiconductors, Aerospace as well as in scientific applications. They are valued for their ability to measure displacements that are quite small with a very high degree of accuracy, thereby making them preferred in the advanced metrology applications and hence dominating the market.

Laser interferometer market for Asia Pacific region to hold the largest CAGR during the forecast period.

The Asia Pacific region is likely to reign first in the laser interferometer market and exhibit the highest CAGR due to speedy industrialization primarily in China, Japan, and South Korea. Considering that most electronics, automotive and semiconductor manufacturers operating in the region require precise metrological solutions for production and testing purposes. Moreover, high spending on research and development and the supportive government policies and programs regarding the application of advanced manufacturing technologies also investing the market growth of laser interferometer in this region.

Laser Interferometer Market by Region

Laser Interferometer Market by Region

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Key Market Players

The laser interferometer companies is dominated by players such Renishaw: Enhancing Efficiency in manufacturing and healthcare (UK), Keysight: Design, Emulate, and Test to Accelerate Innovation (US), Solutions to shape the future | ZEISS (Germany), ZYGO | Precision Optical Metrology | Optical Components (US), High-Value Life Science and Material Research and Diagnostics Solutions | Bruker (US) and many more.

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Scope of the Report

Report Metric

Details

Market size available for years

2020-2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Million/Billion)

Segments Covered

By Component By Type; By Technique; By End Use Industry By Application and Region.

Geographies covered

North America, Europe, Asia Pacific, and Rest of the world (RoW)

Companies covered

Major players operating in the laser interferometer market are Renishaw plc. (UK), Keysight Technologies (US), ZEISS Group (Germany), Zygo Corporation (US), and Bruker Corporation (US), and many more.  (A total of 25 players have been profiled)

Laser Interferometer Market Highlights

The study categorizes the laser interferometer market based on the following segments:

Segment

Subsegment

By Type

  • Michelson Interferometer
  • Fabry-Pérot Interferometer
  • Fizeau Interferometer
  • Mach-Zender Interferometer
  • Sagnac Interferometer
  • Twyman-Green Interferometer 

By Technique

  • Homodyne
  • Heterodyne

By End Use Industry

  • Automotive
  • Aerospace & Defense
  • Industrial
  • Healthcare
  • Electronics & Semiconductor
  • Telecommunication

By Application

  • Surface Topology
  • Engineering
  • Applied Science
  • Biomedical
  • Semiconductor Detection

By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In January 2021, Keysight Technologies expanded its portfolio by launching Source/Measure Units for test applications requiring high accuracy, high resolution, and measurement flexibility. The SMUs include current-voltage (I-V) characterizing and testing semiconductors as well as other non-linear devices and materials.
  • In January 2024, ZEISS Group (Germany) launched the Qualifier laser interferometer which is a portable, lightweight device with smart accessory recognition, integrated phase measuring for stability, and user-friendly features for easy setup and precise adjustments.
  • In September 2022, Zygo Corporation and Digital Surf collaborated to launch Mx software with the Mountains Advanced Contour module, enhancing Zygo's optical profilers with advanced geometric dimensioning and tolerancing capabilities.

Frequently Asked Questions:

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TABLE OF CONTENTS
 
1 Introduction 
    1.1. Study Objectives  
    1.2. Market Definition and Scope 
           1.2.1. Inclusions and Exclusions
    1.3. Study Scope 
           1.3.1. Markets Covered
           1.3.2. Geographic Segmentation
           1.3.3. Years Considered for the study
    1.4. Currency 
    1.5. Limitations 
    1.6. Stakeholders 
    1.7. Summary of Changes 
           1.7.1. Recession Impact on Laser Interferometer Market
 
2 Research Methodology 
    2.1. Research Data 
           2.1.1. Secondary Data
                    2.1.1.1. Major Secondary Sources
                    2.1.1.2. Key Data from Secondary Sources
           2.1.2. Primary Data
                    2.1.2.1. Primary Interviews with Experts
                    2.1.2.2. Key Data from Primary Sources
                    2.1.2.3. Key Industry Insights
                    2.1.2.4. Breakdown of Primaries
    2.2. Market Size Estimation 
           2.2.1. Bottom-Up Approach 
                    2.2.1.1. Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)
           2.2.2.  Top-Down Approach
                    2.2.2.1. Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
    2.3. Market Breakdown and Data Triangulation 
    2.4. Research Assumptions 
    2.5. Risk Assessment 
    2.6. Assumptions of Recession 
    2.7. Limitations of Research 
 
3 Executive Summary 
 
4 Premium Insights 
 
5 Market Overview 
    5.1. Introduction 
    5.2. Market Dynamics 
    5.3. Trends/Disruptions Impacting Customer’s Business 
    5.4. Pricing Analysis 
           5.4.1. Average Selling Price Trend of Key Players, By Type
           5.4.2. Average Selling Price Trend, By Region
    5.5. Value Chain Analysis 
    5.6. Ecosystem Analysis 
    5.7. Technology Analysis 
           5.7.1. Key Technology
                    5.7.1.1. Laser source and beam splitters
           5.7.2. Complementary Technology
                    5.7.2.1. Coordinate measuring machines (CMM) and linear encoders
           5.7.3. Adjacent Technology
                    5.7.3.1. Fourier transform infrared spectroscopy (FTIR) and optical coherence tomography (OCT)
    5.8. Patent Analysis 
    5.9. Trade Analysis 
    5.10. Key Conferences and Events (2024-2025) 
    5.11. Case Study Analysis 
    5.12. Tariff and Regulatory Landscape (HS Code 903149 - Optical instruments, appliances and machines for measuring or checking) 
           5.12.1. Regulatory Bodies, Government Agencies, and Other Organizations
           5.12.2. Key Regulations
    5.13. Porters Five Force Analysis 
           5.13.1. Threat from New Entrants
           5.13.2. Threat of Substitutes
           5.13.3. Bargaining Power of Suppliers
           5.13.4. Bargaining Power of Buyers
           5.13.5. Intensity of Competitive Rivalry
    5.14. Key Stakeholders and Buying Criteria 
           5.14.1. Key Stakeholders in Buying Process
           5.14.2. Buying Criteria
 
6 Laser Interferometer Market, By Component 
    6.1. Introduction 
    6.2. Lasers 
    6.3. Photodetectors 
    6.4. Optical Elements 
    6.5. Control Systems 
    6.6. Software 
 
7 Laser Interferometer Market, By Type 
    7.1. Introduction 
    7.2. Michelson Interferometer 
    7.3. Fabry-Perot Interferometer 
    7.4. Fizeau Interferometer 
    7.5. Mach-Zehnder Interferometer 
    7.6. Sagnac Interferometer 
    7.7. Twyman-Green Interferometer 
 
8 Laser Interferometer Market, By Technique 
    8.1. Introduction 
    8.2. Homodyne 
    8.3. Heterodyne 
 
9 Laser Interferometer Market, By Application 
    9.1. Introduction 
    9.2. Surface Topology 
    9.3. Engineering 
    9.4. Applied Science 
    9.5. Biomedical 
    9.6. Semiconductor Detection 
 
10 Laser Interferometer Market, By End-use Industry 
     10.1. Introduction 
     10.2. Automotive 
     10.3. Aerospace & Defense 
     10.4. Industrial 
     10.5. Healthcare 
     10.6. Electronics & Semiconductor 
     10.7. Telecommunication 
 
11 Laser Interferometer Market, By Region  
     11.1. Introduction 
     11.2. North America 
             11.2.1. Impact of Recession
             11.2.2. US
             11.2.3. Canada
             11.2.4. Mexico
     11.3. Europe 
             11.3.1. Impact of Recession
             11.3.2. UK
             11.3.3. Germany
             11.3.4. France
             11.3.5. Rest of Europe
     11.4. Asia Pacific 
             11.4.1. Impact of Recession
             11.4.2. China
             11.4.3. Japan
             11.4.4. South Korea
             11.4.5. India
             11.4.6. Rest of Asia Pacific
     11.5. RoW 
             11.5.1. Impact of Recession
             11.5.2. Middle East 
                        11.5.2.1. GCC Countries
                        11.5.2.2. Rest of Middle East
             11.5.3. Africa
             11.5.4. South America
 
12 Laser Interferometer Market, Competitive Landscape 
     12.1. Introduction 
     12.2. Key player strategies/right to win 
     12.3. Revenue Analysis 
     12.4. Market Share Analysis 
     12.5. Company Valuation and Financial Metrics 
     12.6. Brand/Product Comparison 
     12.7. Company Evaluation Matrix: Key Players, 2023 
             12.7.1. Stars
             12.7.2. Emerging Leaders
             12.7.3. Pervasive Players
             12.7.4. Participants
             12.7.5. Company Footprint: Key Players, 2023
                        12.7.5.1. Company Footprint
                        12.7.5.2. Region Footprint
                        12.7.5.3. End-use Industry Footprint
                        12.7.5.4. Application Footprint
                        12.7.5.5. Type Footprint
                        12.7.5.6. Interferometry Techniques Footprint
     12.8. Company Evaluation Matrix: Startups/SMEs, 2023 
             12.8.1. Progressive Companies
             12.8.2. Responsive Companies
             12.8.3. Dynamic Companies
             12.8.4. Starting Blocks
             12.8.5. Competitive Benchmarking: Startups/SMEs, 2023 
                        12.8.5.1. Detailed List of Key Startups/SMEs
                        12.8.5.2. Competitive Benchmarking of Key Startups/SMEs
     12.9. Competitive Situation and Trends 
 
13 Laser Interferometer Market, Company Profiles  
     13.1. Key Players 
             13.1.1. AMETEK
             13.1.2. Carl Zeiss
             13.1.3. Keysight Technologies
             13.1.4. Mahr
             13.1.5. Moller-Wedel Optical 
             13.1.6. Bruker
             13.1.7. QED Technologies
             13.1.8. Renishaw PLC
             13.1.9. SIOS
             13.1.10. Tosei Engineering Corp.
     13.2. Other Players 
 
14 Appendix 
     14.1. Discussion Guide 
     14.2. Knowledge Store: MarketsandMarkets’ Subscription Portal 
     14.3. Available Customizations 
     14.4. Related Reports 
     14.5. Author Details 
 

The study involved four major activities in estimating the current size of the laser interferometer market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

List of major secondary sources

Sources

Web Link

Company Blogs

Laser Interferometers | Form & Transmitted Wavefront | ZYGO

Industry Journals

In-Orbit Performance of the GRACE Follow-on Laser Ranging Interferometer (aps.org)

Environmental Protection Agency

www.epa.gov

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the laser interferometer market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Laser Interferometer Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.

Bottom-Up Approach

  • Identifying precise measurements using laser interferometers
  • Analyzing the penetration of each type of laser interferometer through secondary and primary research
  • Analyzing the penetration of laser interferometer based on different applications and technologies through secondary and primary research
  • Conducting multiple discussion sessions with key opinion leaders to understand the detailed working of laser interferometers and their implementation in various applications; this helped analyze the break-up of the scope of work carried out by each major company
  • Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and finally with MarketsandMarkets domain experts
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Laser Interferometer Market
 Size, and Bottom-Up Approach

Top-Down Approach

  • Focusing initially on the top-line investments and expenditures being made in the ecosystem of the laser interferometer market; further, splitting the key market areas based on interferometry techniques, type, end-use industry, application, and region, and listing the key developments.
  • Identifying all leading players and applications in the laser interferometer market based on region through secondary research and thoroughly verifying them through a brief discussion with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications served by all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify key growth pockets across all key segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Laser Interferometer Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained in the previous section, the total market was split into several segments and subsegments. The data triangulation procedure was employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides, and the market size was validated using top-down and bottom-up approaches.

Market Definition

Precision measuring instruments reduce measurement or machining errors in calibration and manufacturing processes. A laser interferometer is a precision measuring instrument used to deliver precise measurements of real-life objects. In most laser interferometers, a laser from a single source is split into two beams that travel in different optical paths, which are then combined again to produce interference. Laser interferometers are usually used in ultraprecision machining and manufacturing, ultraprecision positioning control, and many non-contact optical sensing technologies. Laser interferometers are extensively used in research projects and manufacturing industries to measure small displacements, refractive index changes, and surface irregularities.

Key Stakeholders

  • Laser material and component providers
  • Laser Interferometer providers, integrators, and installers
  • Electronic hardware equipment manufacturers
  • Optical measurement system manufacturers
  • Laser Interferometer software and solution providers
  • Consulting companies
  • Laser Interferometer-related associations, organizations, forums, and alliances
  • Government and corporate bodies
  • Research institutes and organizations
  • Venture capitalists, private equity firms, and start-up companies
  • Distributors and traders
  • Original Equipment Manufacturers (OEMs)
  • End-users

Report Objectives

  • To define, describe, and forecast the laser interferometer market, in terms of value, segmented by component, interferometry techniques, type, application, and end-use industry
  • To forecast the laser interferometer market, by type in terms of volume.
  • To forecast the market size, in terms of value, for various segments, with respect to four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the laser interferometer market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities for the market stakeholders by identifying high-growth segments of the laser interferometer market
  • To benchmark players within the market using the proprietary ‘Company Evaluation Matrix’ framework, which analyzes market players on various parameters within the broad categories of market rank and product offering
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies2 and provide a detailed competitive landscape for market leaders
  • To track and analyze competitive developments, such as partnerships, collaborations, agreements, and joint ventures; mergers and acquisitions; expansions; and product launches and developments in the laser interferometer market
  • To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, tariff analysis, and case studies pertaining to the market under study.
  • To analyze strategic developments, such as product launches, related developments, acquisitions, expansions, and agreements, in the market

Customization Options

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Company Information

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Geographic Analysis

  • Further breakdown of regions into respective countries
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