Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Laser Interferometer Market size is expected to reach $358.4 million by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
The Automotive market shows high market share in the Global Laser Interferometer Market by End User in 2021; thereby, achieving a market value of $134.3 million by 2028. It is expected that the growing demand for automobiles, brought on by the high disposable income & rising purchasing power of the populace in numerous nations around the world, will drive the growth the laser interferometer market in this segment.
The Engineering market is experiencing a CAGR of 6.2% during (2022 - 2028). Interferometry, a term frequently used in engineering, is the study of interference between beams of light, typically lasers. Distances, changes in refractive index, and surface characteristics are frequently measured using these laser interferometers. As a result, the demand for laser interferometer would be high in engineering sector.
The Heterodyne market is leading the Global Laser Interferometer Market by Type in 2021; thereby, achieving a market value of $204 million by 2028. While a heterodyne interferometer employs a laser source with two closely spaced frequencies, a homodyne interferometer uses a single-frequency laser source. Helium-Neon (HeNe) laser interferometers are used as position sensors in the majority of commercial Fourier-Transform (FT) spectrometers nowadays.
The Michelson market would showcase a CAGR of 6.8% during (2022 - 2028). Two mirrors, a beam splitter, and a monochromatic light source comprise a michelson interferometer. The beam splitter divides the monochromatic light into two equal-intensity rays at right angles as it passes through it. When compared to other monochromatic sources, the use of a laser allows for measurements to be taken at greater distances and with more accuracy.
The Europe market dominated the Global Laser Interferometer Market by Region in 2021; thereby, achieving a market value of $120 million by 2028. The North America market would showcase a CAGR of 6.1% during (2022 - 2028). Additionally, The Asia Pacific market is experiencing a CAGR of 7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SIOS Meßtechnik GmbH, Mahr GmbH, Luna Innovations, Incorporated, Renishaw PLC, Ametek, Inc., Keysight Technologies, Inc., Carl Zeiss AG, Tosei Engineering Corp., QED Technologies International Inc. (Entegris) and SmarAct GmbH
By End User
By Interferometer Type
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