Laser Interferometer Market Expected to Reach $468.3 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Laser Interferometer Market," The laser interferometer market was valued at $245.9 million in 2021, and is estimated to reach $468.3 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

Laser interferometry is a well-known method for measuring distances with high precision. The laser interferometer application is further divided into homodyne and heterodyne interferometers. Homodyne laser interferometer is designed to use a single-frequency laser source, while, heterodyne interferometer uses two close-frequency laser sources. 

The growth of the global laser interferometer market is majorly driven by the rise in focus on quality control through automation in the manufacturing industry paired with the surge in demand for 3D metrology services. Further, an increase in expenditure on R&D activities is anticipated to drive the growth of the laser interferometer market. However, price sensitivity associated with laser interferometer solutions acts as a prime restraint for the global market. On the contrary, the surge in demand for automobiles globally is anticipated to provide lucrative opportunities for the laser interferometer industry during the forecast period.

According to the laser interferometer market analysis, the heterodyne segment was the highest contributor to the market in 2021. The automotive and aerospace & defense segments collectively accounted for around 49.3% laser interferometer market share in 2021. The surge in demand for automotive and aerospace solutions has led to the growth of the heterodyne segments; thereby, enhancing the laser interferometer market growth. The outbreak of COVID-19 has significantly impacted the laser interferometer market size, owing to a significant impact on prime market players. Conversely, a rise in demand for AC laser interferometer and laser interferometer sensor solutions in consumer electronics sectors is anticipated to drive the market post-pandemic.

However, the lack of availability of a professional workforce due to partial and complete lockdowns implemented by governments restrains the growth of the laser interferometer market. On the contrary, emerging economies significantly witness the need for industrial solutions which is expected to boost the growth of the laser interferometer market.

Region-wise, Asia-Pacific holds a significant share of the global laser interferometer market, owing to the presence of prime players in this region. The adoption of next-generation touchscreen multi-display solutions across the industrial and consumer electronics sector is expected to propel the growth of the laser interferometer industry in this region. Moreover, the surge in demand for smart display solutions in Asia-Pacific countries such as India, South Korea, and Japan is anticipated to drive the laser interferometer market trends in this region.

The key players profiled in the report include Zeiss Group, SIOS MeBtechnik GmbH, Renishaw PLC, Keysight Technologies, AMETEK, Inc., Mahr Inc., TOSEI Engineering Corp, QED technologies, MÖLLER-WEDEL optical GmbH, SmarAct GmbH, Luna Innovations Incorporated, ÄPRE Instruments, 4D Technology Corp., TRIOPTICS GmbH, AdlOptica Optical Systems GmbH, Logitech Limited, Holmarc Opto-Mechatronics Ltd., and HighFinesse Laser and Electronics Systems GmbH. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition, to expand their foothold in the laser interferometer market.