The Laser Interferometer Market is forecasted to grow from USD 151.6 Million in 2018 to USD 221.8 Million by 2026, at a CAGR of 4.7%, during the forecast period. The changing consumer demand for industrial products and the increasing technological development in measuring techniques have developed the need for more accurate and precise industrial products.

The semiconductor and automotive industries constantly require laser interferometers to produce highly accurate and complex components. Laser interferometers are used in machine shops to check accurate industrial parts measurement. Other applications for laser interferometers include consumer electronics, ophthalmology, defense and aerospace. The high costs of laser interferometers and restricted customer information regarding these high – quality products hinder market development.

Key participants include

Optodyne (USA), Agilent (USA), Renishaw (UK), Status Pro (Germany), API Corporation (USA), Tosei Corp. (Japan), Zygo Corp. (US), Carl Zeiss AG (Germany), Aerotech Inc. (US), Olympus Corp. (Japan) and others.

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Further key findings from the report suggest

The Laser Interferometer Market is forecasted to grow from USD 151.6 Million in 2018 to USD 221.8 Million by 2026, at a CAGR of 4.7%, during the forecast period. The changing consumer demand for industrial products and the increasing technological development in measuring techniques have developed the need for more accurate and precise industrial products.

The market for homodyne laser interferometer is expected to reach USD 127.3 million in 2026, at a CAGR of 5.3%, during the forecast period. Unlike the dual frequencies used in heterodyne detection, homodyne signifies a single frequency. In thermo reflectance techniques, homodyne and heterodyne techniques are commonly used.

The market for absolute laser interferometer is expected to reach USD 108.2 Million in 2026, at a CAGR of 4.9, during the forecast period. The magnetic encoders are designed for to be used in harsh environments in applications such as industrial automation and assembly systems, metalworking, stone-cutting, sawing, textiles, plastics processing, woodworking and others.

Europe is expected to grow the largest and reach USD 81.1 Million in 2026, at a CAGR of 4.7%, during the forecast period. It is anticipated that Europe will dominate the global market due to the presence of key players in the region like Renishaw which accounted for more than 50% of the market share in 2018. APAC is expected to grow at the highest CAGR of 5.6% during the forecast period. The need for critical measuring systems in the automotive, electronic manufacturing and end – user defence & aerospace sectors paves the way for the continuous growth of the market for laser interferometers in this region.

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For this report, Reports and Data have segmented into the global Laser Interferometer market on the basis of resin type, composite phases, industry vertical, and region:

Type (Revenue, USD Million; 2016-2026)

Homodyne Laser Interferometer

Heterodyne Laser Interferometer

Encoder Type (Revenue, USD Million; 2016-2026)

Absolute

Incremental

Interferometer Type (Revenue, USD Million; 2016-2026)

Field and linear interferometers

Intensity and nonlinear interferometers

Quantum optics interferometers

Interferometers outside optics

Application (Revenue, USD Million; 2016-2026)

Automotive

Consumer Electronics

Semiconductor

Ophthalmology

Defense & Aerospace

Others

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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The post Laser Interferometer Market Size to Reach USD 221.8 Million by 2026 | Top Key Players Optodyne, Agilent, Renishaw, Status Pro, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.