The global laser interferometer market size is expected to grow from USD 245 million in 2021 to USD 335 million by 2026, at a CAGR of 6.5%. The market has been impacted due to the outbreak of COVID-19 pandemic. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions.
Though the market is impacted in 2020, it is expected to recover by 2021. Growing demand for 3D metrology services, focus on quality control, and increasing expenditure on R&D activities are some of the key factors driving the growth of the laser interferometer market. Also, growing demand for automobiles worldwide and growing manufacturing industries in emerging countries are expected to create significant growth opportunities for players in the laser interferometer market during the forecast period.
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Renishaw PLC (UK), Keysight Technologies (US), Carl Zeiss (Germany), SIOS Meßtechnik GmbH (Germany), AMETEK, Inc. (US), Mahr Inc. (Germany), TOSEI ENGINEERING CORP. (Japan), QED Technologies (US), MÖLLER-WEDEL OPTICAL GmbH (Germany), SmarAct GmbH (Germany), Luna Innovations Incorporated (US), 4D Technology Corporation (US), ÄPRE Instruments (US), Trioptics GmbH (Germany), AdlOptica Optical Systems GmbH (Germany), Logitech Limited (UK), Holmarc Opto-Mechatronics P Ltd (India), attocube systems AG (Germany), HighFinesse Laser and Electronics Systems GmbH (Germany), XONOX Technology GmbH (Germany), Thorlabs, Inc. (US), Automated Precision, Inc. (US), Lasertex Co. Ltd (Poland), and FUJIFILM Holdings Corporation (Japan) are the key players in the laser interferometer market.
The laser interferometer market is consolidated, owing to the presence of limited regional and global players. The key strategies adopted by these players to enhance their product portfolio, increase their market share and expand their presence in the market include product launches and acquisitions. Due to these strategies and political and economic factors, the laser interferometer market has witnessed a substantial change between over the past few years. For instance, in August 2021, Renishaw expanded the capabilities of its REVO system with a new sensor and enhancements to the existing range of probes. REVO 5-axis measurement system delivers high-performance scanning, non-contact inspection, and surface finish analysis on a single CMM. When used in conjunction with a low-cost changer, the REVO systems removable probes provide added system flexibility, enabling manufacturers to carry out more measurements on the same machine. In April 2021, Mahr has launched three powerful white light interferometers to expand its portfolio of optical devices. The MARSURF WI Series enables 3D measurements of structures whose size ranges from a few nanometers to a few micrometers. The three new Mahr white light interferometers are equipped with the unique intelligent correlation algorithm (ICA) technology. ICA enables very good statistical determination of height values, best data quality, and a minimum noise figure of only 80 picometers. In March 2021, ZEISS Research Microscopy Solutions, the performance leader in non-destructive 3D imaging systems, launched the ZEISS Xradia CrystalCT micro-computed tomography (microCT) system to enable 3D crystallographic imaging of polycrystalline materials for a wide range of metal and alloy, additive manufacturing, ceramic, and pharmaceutical samples in industrial and academic laboratories. The ZEISS Xradia CrystalCT is purpose-built to deliver diffraction contrast tomography (DCT) on a traditional computed tomography system, allowing researchers to complement absorption contrast tomography data with crystallographic information in three dimensions.
Renishaw PLC (Renishaw) is engaged in the design, manufacture, and marketing of metrology and healthcare products. The company operates through the Metrology and Healthcare segments. The companys products are used in various applications, including machine tool automation, co-ordinate measurement, additive manufacturing, gauging, Raman spectroscopy, machine calibration, position encoders, Computer-aided Design/Computer-Aided Manufacturing (CAD/CAM), dentistry, shape memory alloys, stereotactic neurosurgery, and medical diagnostics. The firm serves the aerospace, agriculture, automotive, construction, healthcare, and power generation industries. The company’s XL-80 laser interferometer generates an interference pattern with high precision (distinct fringes) with a single highly stable wavelength source.
Keysight Technologies supplies electronic designs and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization, and secure operation of electronics systems for use in the communications, networking, and electronics industries. Laser interferometer and laser calibration systems offered by Keysight Technologies provide high precision, the ability to measure a position with multiple degrees of freedom, and the highest accuracy available in both air and vacuum systems. Its laser interferometry products are available as standard systems or are fully configurable to meet individual application requirements. The wide variety of optics and laser heads from Keysight Technologies gives the user maximum design flexibility to achieve their performance goals.
Carl Zeiss (ZEISS) is one of the leading technology enterprises operating in the fields of optics and optoelectronics. It develops, produces, and distributes highly innovative solutions for industrial metrology and quality assurance, microscopy solutions for the life sciences and materials research, and medical technology solutions for diagnostics and treatment in ophthalmology and microsurgery. The company offers its precision measurement solutions through its subsidiary Carl Zeiss Jena GmbH. The Carl Zeiss Jena GmbH is a well-established company with facilities in Jena and Oberkochen in Germany and Minsk in Belarus and has an internationally-aligned sourcing and partner network. It develops solutions for the semiconductor, medical equipment, microscopy, mechanical engineering, photography and sports optics, and aerospace industries as well as for research and development. The company’s DIRECT100 direct measuring interferometer is a modular system with a basic body to which the units for lighting, camera recordings, and the appropriate optics are flanged.
Laser Interferometer Market with COVID-19 Impact Analysis by Interferometer Type (Michelson, Fabry-Perot, Fizeau, and Twyman-Green), Type, Application (Surface Topology, Engineering, and Science), End-User Industry, and Geography - Global Forecast to 2026
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