Laser Interferometer Market

Laser Interferometer Market by Interferometer Type (Michelson, Fabry-Perot, Fizeau, and Twyman-Green), Type (Homodyne and Heterodyne), Application (Surface Topology, Engineering, and Science), End-Use Industry, and Geography - Global Forecast to 2025

Report Code: SE 7748 Sep, 2020, by marketsandmarkets.com

[175 Pages Report] The global laser interferometer market is expected to grow from USD 237 million in 2020 to USD 334 million by 2025; it is expected to grow at a CAGR of 7.1% during 2020–2025. Key factors fueling the growth of this market include the growing demand for 3D metrology services, focus on quality control, and increasing expenditure on R&D activities. Quality control is an integral part of the production process as it helps the process run smoothly without incurring any extra cost. Under quality control and inspection, a laser interferometer is used for measurement, position control, dimensional analysis, and machine calibration, among other functions. Industries such as automotive and aerospace have a complex supply chain consisting of a large number of vendors who demand consistent manufacturing and approval processes to be undertaken to ensure that required standards, such as ISO/TS 16949, have been followed.

Laser Interferometer Market

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Laser Interferometer Market

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In 2019, COVID-19 hit the laser interferometer market, resulting in a decline in laser interferometer shipments and revenues generated from them. As a result, a dip was witnessed in the growth trend of the market during the first half of 2020. Manufacturers are facing severe cash flow issues owing to lockdowns imposed across different countries, and as such, are deferring new projects related to the implementation of laser interferometers and other measurement and calibration systems in their units. The COVID-19 outbreak affected the production of laser interferometers as manufacturing facilities across the world were temporarily shut down to curb the spread of the infection. The markets for application, end-user industry, and region are also impacted due to this pandemic.

Automotive was already under stress, and now the lockdown due to coronavirus has created further problems for the industry. In 2019–2020, the automotive segment of the market, by end-user industry, was the most impacted industry by this pandemic. The demand for laser interferometers used in automobiles has been significantly impacted by the outbreak of COVID-19 since the automotive sector is deeply affected by this pandemic. According to the United Conference on Trade and Development (UNCTAD), 2% reduction in the exports of automobile parts and other intermediate products from China to automotive manufacturers based in the European Union, North America, Japan, the Republic of Korea, and other key automobile producing economies could lead to a USD-7-billion reduction in automotive exports from these economies to the rest of the world. The demand for automobiles remains critical owing to the confidence and income sentiments of customers.

Market Dynamics:

Driver: Growing demand for 3D metrology services

3D metrology can be used for measurement modeling that involves the visualization of measurement during the production process of a product whose quality can be controlled through statistical sampling. 3D metrology data is important in the manufacturing industry as it is directly related to the product quality and the efforts of performance assessment. The data needs to be shared with production scheduling, designing, purchasing, and many other business units of the manufacturing company to ensure the accuracy of the manufactured products. A large amount of 3D data is required to define a product adequately for precision inspection. 3D modeling is used in key industries such as aerospace & defense, automotive, heavy machinery, medical, electronics, and energy & power. 3D models, created from 3D objects, are a collection of data points generated via optical measurement systems such as VMMs or CMMs that are integrated with intelligent data models and tools for integrating data. Laser interferometers are used for displacements and other measurements in a reliable, quick, and accurate manner. Laser interferometers play an important role in 3D metrology; therefore, the growing demand for 3D metrology in various industries drives the laser interferometer market.

Restraint: Price sensitivity associated with laser interferometer solutions

The costs associated with setting up measurement and calibration tools make it difficult to achieve the targeted ROI that fits within a business plan. Different types of measurements require various measuring devices that are expensive. Specialized professionals are required to operate this measuring equipment and measure the device under test in accordance with the applicable regulations and directives. The laser interferometer market faces challenges during measurement and testing processes due to the high pricing exerted by operators. Decreasing testing time, which produces substantial cost savings for OEMs, acts as a restraint for measurement equipment vendors. Moreover, measurement tools come with a high capital share, and to stay in line with innovative technologies, companies need to work on product ranges, which results in recurrent software and hardware advancements, thereby increasing the overall maintenance costs..

Opportunity: Growing demand for automobiles worldwide

According to Organisation Internationale des Constructeurs d'Automobiles (OICA), in FY 2019, the global sales for passenger cars and commercial vehicles stood at USD 67 million and 25 million, respectively. The increasing sales keep the automotive sector at the forefront of innovation. The automotive sector growth can be attributed to huge investments in R&D, innovations in electric vehicles (EVs), and the emergence of autonomous driving and new mobility services. Moreover, the growing demand for automobiles in emerging economies, such as China, India, Australia, and Japan, is expected to increase the demand for laser interferometers in the coming years.

Challenge: increase in rental and leasing services

The sales of new equipment are affected because, by renting and leasing, services of measurement equipment with equal capabilities can be easily availed. Companies providing renting or leasing services for measurement and calibration tools also take a major share of the revenue as many end users prefer these services. Thus, the growing demand for rental and leasing services has been a challenge for companies operating in the high-end laser interferometer market.

Fizeau interferometer held the largest market share of laser interferometer market in 2019

The Fizeau interferometer is expected to account for the largest share of the market by 2025. Fizeau interferometer is expected to hold a major share of the laser interferometer market during the forecast period. Fizeau interferometers are a common type of interferometers that are used for measuring the surface shape and transmission quality of optics and optical-grade surfaces or characterizing optical surfaces, e.g., of mirrors or prisms. Due to this, there is an increase in demand for this interferometer in surface trilogy applications, which is expected to provide ample opportunities for the providers of Fizeau laser interferometers.

Automotive industry held share of laser interferometer market in 2019

The automotive industry held the largest share of all industries owing to the increasing adoption of optical measuring systems for the verification of objects, high-precision dimensional measurements, and geometrical tolerances. Furthermore, the optical measuring system with a laser interferometer provides noncontact dimensional measurements with high speed, greater accuracy, and more flexibility. Hence, the automotive industry is likely to witness a high demand for laser interferometers during the forecast period.

Laser Interferometer Market  by Region

“APAC is expected to hold a significant share of laser interferometer market by 2025.”

APAC accounted for the largest share of the market by 2025. The market in APAC is expected to grow at the highest CAGR during the forecast period. The wide-scale adoption of optical measurement technologies for industrial applications is the key factor supporting market growth in this region. This growth can also be attributed to the increasing use of laser interferometers in the automotive, aerospace & defense, and industrial verticals in developing countries such as India and China. The increasing adoption of precision measurement by manufacturers in APAC, with a focus on accuracy and reliability of the manufactured products, is further expected to propel the growth of the laser interferometer market in APAC.

Laser interferometerEcosystem and Related Markets

Laser Interferometer Market  by Region

Market Key Players

Renishaw plc (UK), Keysight Technologies, Inc. (US), SIOS Meßtechnik GmbH (Germany), Zygo Corporation (US), Mahr Inc. (US), Carl Zeiss (Germany), 4D Technology Corporation (US), Olympus Corporation (Japan), Status Pro Maschinenmesstechnik GmbH (Germany), and Logitech Limited (UK) are a few major companies in the laser interferometer market. Organic growth strategies, such as product launches and developments, is a focus of many of the companies mentioned above.

 

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2025

Base year

2019

Forecast period

2020–2025

Forecast Unit

Value (USD Million)

Segments covered

Interferometer Type, Type, Application, End-user Industry, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Renishaw plc (UK), Keysight Technologies, Inc. (US), SIOS Meßtechnik GmbH (Germany), Zygo Corporation (US), Mahr Inc. (US), Carl Zeiss (Germany), 4D Technology Corporation (US), Olympus Corporation (Japan), Status Pro Maschinenmesstechnik GmbH (Germany), and Logitech Limited (UK)

This report categorizes the laser interferometer market based on interferometer type, type, application, end- user industry, and region.

By Interferometer:

 

  • Michelson interferometer
  • Fabry–Perot interferometer
  • Fizeau interferometer
  • Mach–Zehnder interferometer
  • Sagnac interferometer
  • Twyman–Green interferometer

By Type:

  • Homodyne
  • Heterodyne

By Application:

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

By End-user Industry:

  • Automotive
  • Aerospace & Defense
  • Industrial
  • Life Sciences
  • Electronics Manufacturing
  • Telecommunication

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe (Russia, the Netherlands, Spain, Finland, and other Eastern European countries)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (South Korea, Hong Kong, Australia, New Zealand, Indonesia, Singapore, Malaysia, Thailand, Maldives, the Philippines, and Myanmar)
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Prominent players have adopted product launches and developments, followed by acquisitions, collaborations, agreements, partnerships, and expansions as the key business strategy to expand their share in the laser interferometer market. For instance, in January 2020, Renishaw plc (UK) introduced a new XK parallelism kit that provides an innovative method to perform parallelism measurement using the XK10 alignment laser system. It enables users to measure point-to-point straightness deviation or the overall angular misalignment between two nominally parallel axes.

Major market developments

  1. In November 2019, SIOS Meßtechnik GmbH (Germany) introduced SP 15000 C5 calibration laser interferometer to meet the requirements of machine and equipment manufacturers. Length, angle and straightness can be measured simultaneously with high accuracy using this interferometer.
  2. In June 2020, Renishaw plc (UK) partnered with JUSTEK Inc. (Korea), a leading motion control component manufacturer. Under this partnership, JUSTEK has developed a successful range of customisable direct-drive motors using Renishaw’s high-performance optical position encoders.
  3. In March 2020, Carl Zeiss (Germany) acquired Saxonia Systems AG (Germany), a specialist for customized software solutions. This will create Carl Zeiss Digital Innovation in Dresden and expand presence in Dresden with another ZEISS Innovation Hub.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 LASER INTERFEROMETER MARKET: SEGMENTATION
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 LASER INTERFEROMETER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 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
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 6 ASSUMPTION FOR THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 7 LASER INTERFEROMETER MARKET, BY INTERFEROMETER TYPE  (2020 VS. 2025)
    FIGURE 8 SURFACE TOPOLOGY TO HOLD LARGEST SHARE OF MARKET, BY APPLICATION, IN 2020
    FIGURE 9 MARKET FOR INDUSTRIAL END-USER INDUSTRY TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
    FIGURE 10 EUROPE TO HOLD LARGEST SHARE OF MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 ATTRACTIVE OPPORTUNITIES IN LASER INTERFEROMETER MARKET
           FIGURE 11 INCREASING DEMAND FOR LASER INTERFEROMETERS FOR PRECISE MEASUREMENT IN AUTOMOBILE AND ELECTRONICS MANUFACTURING TO BOOST MARKET GROWTH DURING FORECAST PERIOD
    4.2 MARKET, BY INTERFEROMETER TYPE
           FIGURE 12 MARKET FOR FIZEAU INTERFEROMETER TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
    4.3 MARKET IN EUROPE, BY INDUSTRY AND COUNTRY
           FIGURE 13 AUTOMOTIVE AND GERMANY—LARGEST SHAREHOLDERS OF MARKET IN EUROPE IN 2019
    4.4 MARKET, BY COUNTRY
           FIGURE 14 MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 15 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
           FIGURE 16 IMPACT OF CHALLENGES AND RESTRAINTS ON MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for 3D metrology services
                    5.2.1.2 Focus on quality control
                    5.2.1.3 Increasing expenditure on R&D activities
           5.2.2 RESTRAINTS
                    5.2.2.1 Price sensitivity associated with laser interferometer solutions
                    5.2.2.2 Using white light interferometry method
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for automobiles worldwide
                               FIGURE 17 GLOBAL AUTOMOBILE PRODUCTION, BY VEHICLE TYPE, 2015–2019 (MILLION UNITS)
                    5.2.3.2 Growing manufacturing industries in developing countries
           5.2.4 CHALLENGES
                    5.2.4.1 Increase in rental and leasing services
                    5.2.4.2 Short-term impact of COVID-19 on industrial applications
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 18 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY OEMS
    5.4 TECHNOLOGY DEVELOPMENT TREND OF FIZEAU INTERFEROMETER
           5.4.1 HIGH RESOLUTION BASED
           5.4.2 LOW NOISE BASED
           5.4.3 WAVELENGTH PHASE SHIFTING BASED
           5.4.4 SPATIAL PHASE SHIFTING BASED
           5.4.5 NON-NULL DETECTION BASED
    5.5 LASER INTERFEROMETER ECOSYSTEM
           FIGURE 19 LASER INTERFEROMETER ECOSYSTEM
    5.6 AVERAGE SELLING PRICE ANALYSIS
           TABLE 1 AVERAGE SELLING PRICE OF LASER INTERFEROMETERS FROM 2018 TO 2019
    5.7 PATENT ANALYSIS
           5.7.1 PATENT REGISTRATIONS, 2015-2019
                    TABLE 2 SOME PATENT REGISTRATIONS, 2015-2019
    5.8 LASER INTERFEROMETER: PATENT ANALYSIS
           5.8.1 METHODOLOGY
           5.8.2 DOCUMENT TYPE
                    TABLE 3 PATENTS FILED
                    FIGURE 20 PATENTS FILED BETWEEN 2015 AND 2019
                    FIGURE 21 PUBLICATION TRENDS – 2015–2019
           5.8.3 INSIGHT
                    FIGURE 22 JURISDICTION ANALYSIS
           5.8.4 CARL ZEISS
                    TABLE 4 LIST OF PATENTS BY CARL ZEISS

6 IMPACT OF COVID-19 ON LASER INTERFEROMETER MARKET (Page No. - 58)
    FIGURE 23 GLOBAL PROPAGATION OF COVID-19
    FIGURE 24 PRE-AND POST-COVID-19 SCENARIO OF MARKET
    FIGURE 25 PRE-AND POST-COVID-19 SCENARIO OF MARKET, BY APPLICATION
    FIGURE 26 PRE-AND POST-COVID-19 SCENARIO OF MARKET, BY END-USER INDUSTRY
    FIGURE 27 PRE-AND POST-COVID-19 SCENARIO OF MARKET, BY REGION

7 LASER INTERFEROMETER MARKET, BY INTERFEROMETER TYPE (Page No. - 62)
    7.1 INTRODUCTION
           FIGURE 28 FIZEAU INTERFEROMETER TO ACCOUNT FOR LARGEST MARKET SIZE IN 2025
           TABLE 5 LASER INTERFEROMETER MARKET, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
    7.2 MICHELSON INTERFEROMETER
           7.2.1 USING SINGLE-BEAM SPLITTER AND LIGHT SOURCE, MICHELSON INTERFEROMETERS OFFER PRECISE MEASUREMENT OF INDUSTRIAL MACHINE PARTS
                    FIGURE 29 ENGINEERING APPLICATION TO ACCOUNT FOR LARGEST SIZE OF MICHELSON INTERFEROMETER MARKET IN 2025
                    TABLE 6 MARKET FOR MICHELSON INTERFEROMETER, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 7 MARKET FOR MICHELSON INTERFEROMETER, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 8 MARKET FOR MICHELSON INTERFEROMETER IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 9 MARKET FOR MICHELSON INTERFEROMETER IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 10 MARKET FOR MICHELSON INTERFEROMETER IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
    7.3 FABRY–PEROT INTERFEROMETER
           7.3.1 FABRY–PEROT INTERFEROMETER HIGHLY RECOMMENDED FOR MEASURING WAVELENGTH OF LIGHT IN TELECOMMUNICATION
                    TABLE 11 MARKET FOR FABRY–PEROT INTERFEROMETER, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 12 MARKET FOR FABRY–PEROT INTERFEROMETER, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 13 MARKET FOR FABRY–PEROT INTERFEROMETER IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 14 MARKET FOR FABRY–PEROT INTERFEROMETER IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 15 MARKET FOR FABRY–PEROT INTERFEROMETER IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
    7.4 FIZEAU INTERFEROMETER
           7.4.1 FIZEAU LASER INTERFEROMETERS SUITABLE FOR OPTICAL AND SURFACE MEASUREMENT IN ENGINEERING AND INDUSTRIAL FIELDS
                    FIGURE 30 FIZEAU INTERFEROMETER SHIPMENTS (UNITS), 2017–2025
                    TABLE 16 MARKET FOR FIZEAU INTERFEROMETER, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 17 MARKET FOR FIZEAU INTERFEROMETER, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 18 MARKET FOR FIZEAU INTERFEROMETER IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 19 MARKET FOR FIZEAU INTERFEROMETER IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 20 MARKET FOR FIZEAU INTERFEROMETER IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
           7.4.2 VARIOUS APPLICATIONS OF FIZEAU INTERFEROMETER
                    7.4.2.1 Measuring speed of light
                    7.4.2.2 Manufacturing and evaluation of quality of optical component and systems
                    7.4.2.3 Measurement of flat and spherical surfaces
    7.5 MACH–ZEHNDER INTERFEROMETER
           7.5.1 USING DUAL BEAM SPLITTERS TO ANALYZE OBJECT, MACH–ZEHNDER INTERFEROMETERS SUITABLE FOR ERROR-FREE MEASUREMENTS
                    TABLE 21 MARKET FOR MACH–ZEHNDER INTERFEROMETER, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 22 MARKET FOR MACH–ZEHNDER INTERFEROMETER, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 23 MARKET FOR MACH–ZEHNDER INTERFEROMETER IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 24 MARKET FOR MACH–ZEHNDER INTERFEROMETER IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 25 MARKET FOR MACH–ZEHNDER INTERFEROMETER IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
    7.6 SAGNAC INTERFEROMETER
           7.6.1 SAGNAC INTERFEROMETER USED FOR ROTATIONAL MEASUREMENTS
                    TABLE 26 MARKET FOR SAGNAC INTERFEROMETER, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 27 MARKET FOR SAGNAC INTERFEROMETER, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 28 MARKET FOR SAGNAC INTERFEROMETER IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 29 MARKET FOR SAGNAC INTERFEROMETER IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 30 MARKET FOR SAGNAC INTERFEROMETER IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
    7.7 TWYMAN–GREEN INTERFEROMETER
           7.7.1 TWYMAN–GREEN INTERFEROMETER MAINLY USED FOR TESTING OPTICAL DEVICES
                    TABLE 31 MARKET FOR TWYMAN–GREEN INTERFEROMETER, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 32 MARKET FOR TWYMAN–GREEN INTERFEROMETER, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 33 MARKET FOR TWYMAN–GREEN INTERFEROMETER IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 34 MARKET FOR TWYMAN–GREEN INTERFEROMETER IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 35 MARKET FOR TWYMAN–GREEN INTERFEROMETER IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)

8 LASER INTERFEROMETER MARKET, BY TYPE (Page No. - 78)
    8.1 INTRODUCTION
           FIGURE 31 HETERODYNE INTERFEROMETER TO HOLD LARGER SIZE OF MARKET DURING FORECAST PERIOD
           TABLE 36 MARKET, BY TYPE, 2017–2025 (USD MILLION)
    8.2 HOMODYNE
           8.2.1 HOMODYNE PROVIDES ACCURATE MEASUREMENT USING SINGLE LIGHT SOURCE
    8.3 HETERODYNE
           8.3.1 HETERODYNE INTERFEROMETER SUITABLE FOR METROLOGICAL ESTIMATION OF PICOMETRE-ORDER PERIODIC ERROR IN MANUFACTURING APPLICATIONS

9 LASER INTERFEROMETER MARKET, BY APPLICATION (Page No. - 81)
    9.1 INTRODUCTION
           FIGURE 32 SURFACE TOPOLOGY TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
           TABLE 37 LASER INTERFEROMETER MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
    9.2 SURFACE TOPOLOGY
           9.2.1 SOURCE TOPOLOGY—MAJOR APPLICATION OF LASER INTERFEROMETER FOR PRECISE MEASUREMENT
           9.2.2 SURFACE DETECTION
           9.2.3 ROUGHNESS DETECTION
           9.2.4 CURVATURE RADIUS DETECTION
    9.3 ENGINEERING
           9.3.1 LASER INTERFEROMETER ADOPTED BY ENGINEERING APPLICATIONS WIDELY OWING TO ITS CHARACTERISTICS
    9.4 APPLIED SCIENCE
           9.4.1 INTERFEROMETER SUITABLE FOR VARIOUS APPLIED SCIENCE APPLICATIONS
    9.5 BIOMEDICAL
           9.5.1 BIOMOLECULES MEASURED USING INTERFEROMETRY TECHNIQUE IN BIOMEDICAL APPLICATIONS
    9.6 SEMICONDUCTOR DETECTION
           9.6.1 MEASUREMENT OF ELECTRONICS COMPONENTS BOOSTS DEMAND FOR LASER INTERFEROMETER

10 LASER INTERFEROMETER MARKET, BY END-USER INDUSTRY (Page No. - 86)
     10.1 INTRODUCTION
               FIGURE 33 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
               TABLE 38 MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     10.2 AUTOMOTIVE
             10.2.1 NEED FOR PRECISE DIMENSIONAL MEASUREMENT DRIVES MARKET IN AUTOMOTIVE
                       FIGURE 34 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MARKET FOR AUTOMOTIVE INDUSTRY DURING FORECAST PERIOD
                       TABLE 39 MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD MILLION)
                       TABLE 40 MARKET FOR AUTOMOTIVE IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 41 MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 42 MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 43 MARKET FOR AUTOMOTIVE IN ROW, BY REGION, 2017–2025 (USD MILLION)
     10.3 AEROSPACE & DEFENSE
             10.3.1 INCREASE IN DEMAND FOR LASER INTERFEROMETERS FOR DETAILED MEASUREMENT OF COMPONENTS INSIDE AIRCRAFT
                       TABLE 44 MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2025 (USD MILLION)
                       TABLE 45 MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 46 MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 47 MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 48 MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2025 (USD MILLION)
     10.4 INDUSTRIAL
             10.4.1 HIGH NEED FOR LASER INTERFEROMETERS IN APPLICATIONS SUCH AS SURFACE TOMOGRAPHY AND DIMENSION MEASUREMENT
                       FIGURE 35 APAC TO CAPTURE LARGEST SHARE OF MARKET FOR INDUSTRIAL IN 2025
                       TABLE 49 MARKET FOR INDUSTRIAL, BY REGION, 2017–2025 (USD MILLION)
                       TABLE 50 MARKET FOR INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 51 MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 52 MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 53 MARKET FOR INDUSTRIAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
     10.5 LIFE SCIENCES
             10.5.1 USING INTERFEROMETERS FOR SCANNING PURPOSES BOOSTS MARKET IN LIFE SCIENCES INDUSTRY
                       TABLE 54 MARKET FOR LIFE SCIENCES, BY REGION, 2017–2025 (USD MILLION)
                       TABLE 55 MARKET FOR LIFE SCIENCES IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 56 MARKET FOR LIFE SCIENCES IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 57 MARKET FOR LIFE SCIENCES IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                       TABLE 58 MARKET FOR LIFE SCIENCES IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
     10.6 ELECTRONICS MANUFACTURING
             10.6.1 INCREASE IN MINIATURE ELECTRONICS TO BOOST DEMAND FOR LASER INTERFEROMETERS
                       FIGURE 36 APAC TO COMMAND LARGEST SHARE OF MARKET FOR ELECTRONICS MANUFACTURING INDUSTRY DURING FORECAST PERIOD
                       TABLE 59 MARKET FOR ELECTRONICS MANUFACTURING, BY REGION, 2017–2025 (USD MILLION)
                       TABLE 60 MARKET FOR ELECTRONICS MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                       TABLE 61 MARKET FOR ELECTRONICS MANUFACTURING IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                       TABLE 62 MARKET FOR ELECTRONICS MANUFACTURING IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                       TABLE 63 MARKET FOR ELECTRONICS MANUFACTURING IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
     10.7 TELECOMMUNICATION
             10.7.1 INCREASED REQUIREMENT FOR INTERFEROMETRY FOR FREQUENCY DIVISION MULTIPLEXING IN TELECOMMUNICATION
                       TABLE 64 LASER INTERFEROMETER MARKET FOR TELECOMMUNICATION, BY REGION, 2017–2025 (USD THOUSAND)
                       TABLE 65 MARKET FOR TELECOMMUNICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                       TABLE 66 MARKET FOR TELECOMMUNICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                       TABLE 67 MARKET FOR TELECOMMUNICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                       TABLE 68 MARKET FOR TELECOMMUNICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)

11 GEOGRAPHIC ANALYSIS (Page No. - 102)
     11.1 INTRODUCTION
               FIGURE 37 GEOGRAPHIC SNAPSHOT: MARKET IN APAC TO WITNESS HIGHEST GROWTH FROM 2020 TO 2025
               FIGURE 38 APAC TO DOMINATE MARKET DURING FORECAST PERIOD
               TABLE 69 MARKET, BY REGION, 2017–2025 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 39 NORTH AMERICA: LASER INTERFEROMETER MARKET SNAPSHOT
               TABLE 70 MARKET IN NORTH AMERICA, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
               TABLE 71 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
               TABLE 72 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
             11.2.1 US
                       11.2.1.1 US to remain largest market for laser interferometers with many applications in North America during forecast period
                                   TABLE 73 MARKET IN US, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 74 MARKET IN US, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.2.2 CANADA
                       11.2.2.1 Growing demand for extensive surface roughness measurement drive market
                                   TABLE 75 MARKET IN CANADA, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 76 MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.2.3 MEXICO
                       11.2.3.1 Increasing industrialization drives market growth
                                   TABLE 77 MARKET IN MEXICO, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 78 MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     11.3 EUROPE
               FIGURE 40 EUROPE: LASER INTERFEROMETER MARKET SNAPSHOT
               TABLE 79 MARKET IN EUROPE, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
               TABLE 80 MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
               TABLE 81 MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
             11.3.1 GERMANY
                       11.3.1.1 Germany expected to lead European market during forecast period for automotive industry
                                   TABLE 82 MARKET IN GERMANY, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 83 MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.3.2 UK
                       11.3.2.1 Manufacturers progressively considering laser interferometer systems to improve product quality and measurement
                                   TABLE 84 MARKET IN UK, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 85 MARKET IN UK, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.3.3 FRANCE
                       11.3.3.1 Increasing use of laser interferometers to create significant demand for aerospace and medical industries
                                   TABLE 86 MARKET IN FRANCE, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 87 MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.3.4 REST OF EUROPE
                                   TABLE 88 MARKET IN REST OF EUROPE, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 89 MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     11.4 ASIA PACIFIC
               FIGURE 41 APAC: LASER INTERFEROMETER MARKET SNAPSHOT
               TABLE 90 MARKET IN APAC, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
               TABLE 91 MARKET IN APAC, BY END-USER INDUSTRY,  2017–2025 (USD MILLION)
               TABLE 92 MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Major industrial base and growing manufacturing activities to drive market
                                   TABLE 93 MARKET IN CHINA, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 94 MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.4.2 JAPAN
                       11.4.2.1 Japan to witness high demand for laser interferometers from optics and semiconductor industries during forecast period
                                   TABLE 95 MARKET IN JAPAN, BY INTERFEROMETER TYPE, 2017–2025 (USD MILLION)
                                   TABLE 96 MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2025 (USD THOUSAND)
             11.4.3 INDIA
                       11.4.3.1 Growing manufacturing industries in India expected to lead market during forecast period
                                   TABLE 97 MARKET IN INDIA, BY INTERFEROMETER TYPE, 2017–2025 (USD THOUSAND)
                                   TABLE 98 MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2025 (USD THOUSAND)
             11.4.4 REST OF APAC
                       TABLE 99 MARKET IN REST OF APAC, BY INTERFEROMETER TYPE, 2017–2025 (USD THOUSAND)
                       TABLE 100 MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2017–2025 (USD THOUSAND)
     11.5 REST OF THE WORLD
               TABLE 101 MARKET IN ROW, BY INTERFEROMETER TYPE, 2017–2025 (USD THOUSAND)
               TABLE 102 MARKET IN ROW, BY END-USER INDUSTRY, 2017–2025 (USD THOUSAND)
               TABLE 103 MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
             11.5.1 MIDDLE EAST & AFRICA
                       11.5.1.1 Middle East & Africa to witness increasing demand for laser interferometers during forecast period
             11.5.2 SOUTH AMERICA
                       11.5.2.1 Implementation of laser interferometers in automotive and industrial sectors drives market growth

12 COMPETITIVE LANDSCAPE (Page No. - 128)
     12.1 INTRODUCTION
               FIGURE 42 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
     12.2 MARKET PLAYER RANKING AND SHARE ANALYSIS
               FIGURE 43 TOP 5 PLAYERS IN MARKET IN 2019
             12.2.1 MARKET SHARE
                       FIGURE 44 RENISHAW PLC LED MARKET IN 2019
     12.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
               FIGURE 45 REVENUE ANALYSIS OF TOP MARKET PLAYERS IN LAST 5 YEARS
     12.4 COMPETITIVE SITUATIONS & TRENDS
             12.4.1 PRODUCT LAUNCHES
                       TABLE 104 PRODUCT LAUNCHES (2017–2020)
             12.4.2 COLLABORATIONS, AGREEMENTS, AND PARTNERSHIPS
                       TABLE 105 COLLABORATIONS, AGREEMENTS, AND PARTNERSHIPS (2017–2020)
             12.4.3 MERGER & ACQUISITIONS
                       TABLE 106 MERGERS & ACQUISITIONS (2017–2020)
             12.4.4 EXPANSIONS
                       TABLE 107 EXPANSIONS (2017–2020)
     12.5 COMPANY EVALUATION MATRIX
             12.5.1 STAR
             12.5.2 PERVASIVE
             12.5.3 PARTICIPANT
             12.5.4 EMERGING LEADER
                       FIGURE 46 LASER INTERFEROMETER MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
     12.6 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
               FIGURE 47 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET

13 COMPANY PROFILES (Page No. - 140)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 KEY PLAYERS
             13.1.1 RENISHAW PLC
                       FIGURE 48 RENISHAW PLC: COMPANY SNAPSHOT
             13.1.2 KEYSIGHT TECHNOLOGIES, INC.
                       FIGURE 49 KEYSIGHT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
             13.1.3 CARL ZEISS
                       FIGURE 50 CARL ZEISS: COMPANY SNAPSHOT
             13.1.4 SIOS MEßTECHNIK GMBH
             13.1.5 ZYGO CORPORATION
             13.1.6 MAHR INC.
             13.1.7 TOSEI ENGINEERING CORP.
             13.1.8 OPTODYNE, INC.
             13.1.9 QED TECHNOLOGIES
             13.1.10 MÖLLER-WEDEL OPTICAL GMBH
     13.2 RIGHT TO WIN
     13.3 OTHER COMPANIES
             13.3.1 SMARACT GMBH
             13.3.2 MICRON OPTICS, INC.
             13.3.3 TAYLOR HOBSON LTD.
     13.4 COMPANIES OFFERING LASER FIZEAU INTERFEROMETERS
             13.4.1 4D TECHNOLOGY CORP.
             13.4.2 TRIOPTICS GMBH
             13.4.3 APRE INSTRUMENTS, INC.
             13.4.4 ADLOPTICA OPTICAL SYSTEMS GMBH
             13.4.5 LOGITECH LIMITED
             13.4.6 BRUKER CORPORATION
             13.4.7 HOLMARC OPTO-MECHATRONICS (P) LTD.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 168)
     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 size of the laser interferometer market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the laser interferometer market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the laser interferometer market. Vendor offerings have also been taken into consideration to determine market segmentation. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The laser interferometer market comprises several stakeholders, such as suppliers of materials and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development of automotive, aerospace & defense, industrial, life sciences, electronics manufacturing, and telecommunication industries. The supply side is characterized by advancements in types of laser interferometers and types. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Laser Interferometer Market  Size, and Share

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the laser interferometer market and its subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the laser interferometer market.

Research Objective

  • To define, describe, and forecast the laser interferometer market, in terms of value, segmented into interferometer type, type, application, end-user industry, and region
  • To forecast the market size, in terms of value, for various segments with regard to 4 main regions—the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the laser interferometer market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the value chain of laser interferometers
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
  • To analyze competitive developments such as partnerships, collaborations, acquisitions, product developments, expansions, and R&D activities in the laser interferometer market

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Critical Questions
  • What new application areas are laser interferometer providers exploring?
  • Who are the key market players, and how intense is the competition?
  • Which industries and geographies would be the biggest markets for Laser interferometers?
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