Interferometry Market Size, Share, Growth, and Industry Analysis by Type (Laser Fizeau Interferometers, Mach-Zehnder Interferometer, Michelson Interferometer, Fabry-Perot Interferometer, Sagnac Interferometer, twyman-Green Laser Interferometer, and Others) By Application (Physics and Astronomy, Engineering and Applied Science, Biology and Medicine), Regional Forecast To 2031

Updated On: 13 November 2023

Interferometry Market REPORT OVERVIEW

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The global interferometry market size was USD 650.2 million in 2022 and market is projected to touch USD 966.23 million by 2031, at a CAGR of 4.5% during the forecast period.

In order to create an intrusive design that can be measured and evaluated, interferometers integrate two or more sources of light. They are analytical tools that are employed in a number of science and engineering sectors. Devices that extract information from interference are called interferometers. For the measurement of microscopic displacements, changes in refractive index, and surface imperfections, they are extensively employed in science and industry. The majority of interferometers split a single beam of light into two beams that follow two distinct optical routes before combining them once more to produce interference; in some cases, though, two incoherent sources can also be made to interfere.

The interference of two waves that are superimposed is used in interferometry to extract data. It is frequently employed in the study of electromagnetic waves and is a crucial investigative method in the fields of astronomy, fiber optics, engineering metrology, optical metrology, oceanography, seismology, spectroscopy, quantum mechanics, nuclear and particle physics, plasma physics, remote sensing, biomolecular interactions, surface profiling, microfluidics, mechanical stress/strain measurement, velocimetry, optometry, and the creation of holograms.

COVID-19 Impact: Supply Chain Disruption to Hamper Market Growth

The world has been affected by the emergence of COVID-19, a lethal respiratory disease that originated in China. The Covid 19 containment measures had a big impact on the laser interferometer manufacturing industry. Large manufacturing nations that are negatively impacted by the coronavirus outbreak have a significant need for interferometry. The scientific analysis of this industry's raw materials, intermediate products, and final consumers will also include trends in product circulation and sales channels. The outbreak has forced many companies to curtail or end their manufacturing operations, which has a direct impact on the output of the industrial sector. While the COVID-19 issue drags on, a lot of multinational companies that offer industrial products are having trouble, including revenue losses and production halts because of supply chain interruptions, rising material and production prices, and employee unrest.

LATEST TRENDS

"Increasing Adoption in Various Applications to Incite Market Growth "

With nanoscale accuracy, interferometers are used to measure the length and shape of optical components. They are extremely accurate tools for measuring length. Due to global production restrictions, demand for these devices decreased; nonetheless, it is anticipated that the laser interferometry market will grow over the coming years. Interferometers are a great alternative because of their high accuracy, non-contact measurement, and immunity to magnetic couplings, which have improved resolution and accuracy. Applications including high precision machine tools, supply chains, and 3D metrology are driving up demand for interferometers. For all applications requiring precise length measurement, new-generation laser interferometers are an invaluable tool.

Interferometry Market Segmentation

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• By Type Analysis

By type, the market is segmented into Laser Fizeau Interferometers, Mach-Zehnder Interferometer, Michelson Interferometer, Fabry-Perot Interferometer, Sagnac Interferometer, twyman-Green Laser Interferometer, and Others.

The Fizeau interferometer is the leading segment in the global market share. The market for Fizeau laser interferometers is anticipated to grow during the projected period as a result of this interferometer's extensive use in applications such as measuring optical components and dimensioning flats and surfaces in numerous industries. It serves as the benchmark for comparison with other optics.

• By Application Analysis

Based on application, the market is classified into Physics and Astronomy, Engineering and Applied Science, Biology and Medicine.

Engineering and applied science is the leading segment in the global market. It is anticipated that the growing demand for automobiles, brought on by the high disposable income and rising purchasing power of the populace in many nations around the world, will drive the growth of the automotive sector of the interferometry market. The automotive industry has expanded as a result of the growing use of optical interferometry for object verification, very accurate dimensional measurement, and geometrical tolerances.

DRIVING FACTORS

"R&D Activities and Quality Control to Develop Market Growth "

Due to a number of factors, including rising demand for 3D metrology services, increased emphasis on quality control through automation in the manufacturing sector, and rising spending on R&D activities, the market has promising growth potential. In the manufacturing sector, there is relatively little tolerance. In order to improve product longevity and quality, surface measurement is crucial during the production process. Therefore, there is a major requirement for documentation and product tracking. Surface displacement measurement is one of the quality control procedures; it typically does not take place on the actual production line. In quality control, the contact-type surface measurement technique is frequently employed. When there is human engagement, the processes take a long time.

"Increasing Demand for Laser Interferometers to Encourage Market Growth "

Excellent surface measurement precision is provided by laser interferometry and precise measurements for applications in geological topography. It is projected that the use of laser interferometers in the field of metrology would lead to specific commercial developments. A laser interferometer that can measure without actually touching a surface eliminates the possibility of damaging or deforming the delicate surface. The range of interferometers' use in metrology procedures is further expanded by their capacity to record nanometer-scale measurements and readings over distances of many meters.

RESTRAINING FACTORS

"High Costs to Impede Market Progress"

It is challenging to attain the intended ROI that fits within a business plan because of the setup expenditures for measurement and calibration tools. Different measures call for different, pricey measuring equipment. Customers in the measurement ecosystem typically choose affordable, cutting-edge measuring hardware. Engineers and manufacturers have been forced to improve existing technologies widely due to the need for more advanced specifications and features and the interferometry market growth in the number of applications.

Interferometry Market REGIONAL INSIGHTS

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"Increasing Demand for Silica to Promote Growth in North America"

The interferometry market share is predicted to be dominated by North America. There is an increase in the use of high-precision dimension measurement and measuring systems for object verification employing laser interferometers, which offer noncontact dimensional measurements with quick turnaround and improved accuracy. Thus, growth in the automotive, additive manufacturing and electro-mobility industries is projected to increase market share in the region.

The primary drivers anticipated propelling the growth of the market in Europe are the accelerated pace of technological advancement and the rising usage of automation in the region's automotive, aerospace, and military industries. Manufacturers of laser interferometers are utilizing cutting-edge technologies to promote efficient business operations. The two biggest contributors to the laser interferometer market in Europe are Germany and the UK. End-user sectors like automotive, biomedicine and aerospace & defense are very prevalent in these nations. Additionally, the region's laser interferometer market is anticipated to increase as a result of the use of laser interferometers in water treatment facilities and the automobile industry.

KEY INDUSTRY PLAYERS

"Companies Adopt Technologically Advanced Production Techniques to Improve Market Position"

The businesses are putting into practice a number of strategic activities that aid in bolstering their market positions, such as mergers, the introduction of new products, acquisitions, and collaborations. Additionally, these market leaders focus on product breakthroughs and have products for all end-users anf a strong graphical presence. An objective mixture of primary and secondary data, and input from significant industry players, were used in the research. The study includes an overview of the key vendors and a comprehensive market and vendor landscape.

INDUSTRY DEVELOPMENT

• November 2019: Agritech business Sustenir (Singapore) opened a 30,000 square foot hydroponics vertical farming facility in Tuen Mun, Hong Kong. Hong Kong has a high population density and a little amount of arable land. The country heavily depends on imported goods because conventional farming cannot meet the need locally.

List of Market Players Profiled

• Reinshaw (U.K.)
• Keysight Technologies (U.S.)
• Zygo (Ametek Inc.) (U.S.)
• Haag-Streit Group (Switzerland)
• TOSEI Eng (Tokyo)
• TRIOPTICS (Germany)
• Onto Innovation (U.S.)
• OptoTech (Schunk Group) (Germany)
• KLA (U.S.)
• NanoFocus AG (Germany)
• Kylia (France)

REPORT COVERAGE

The key countries in the region have been mapped according to their respective revenue contributions to the regional market. The research explains the primary drivers, restraints, and market opportunities, and a thorough analysis of their impact. The market analysis provides extensive information on the market share of global industry participants.