Portland, OR, Nov. 04, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global laser interferometer market generated $245.9 million in 2021, and is projected to reach $468.3 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $245.9 million |
| Market Size in 2031 | $468.3 million |
| CAGR | 6.8% |
| No. of Pages in Report | 310 |
| Segments Covered | Type, Application, End-User Industry, and Region. |
| Drivers | Increase in spending on research activities. |
| Rise in penetration of laser interferometer in the aerospace & defence, automotive, and 3D metrology sectors. | |
| Opportunities | Rise in demand for vehicles. |
| Restraints | Price sensitivity related to laser interferometer solutions. |
COVID-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global laser interferometer market, owing to supply chain disruptions impacting the business of key players.
- The growth of the automotive and aerospace industries took a hit during the COVID-19 pandemic and this negatively affected the growth of the global laser interferometer market.
- Lack of availability of skilled workforce and delay or cancellation of projects, owing to lockdowns resulted in a decline in the growth of the global industry during the pandemic period.
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The report offers a detailed segmentation of the global laser interferometer market based on type, application, end-user industry, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
Based on type, the homodyne segment held the major market share in 2021, holding nearly three-fifths of the global laser interferometer market share, and is expected to maintain its leadership status during the forecast period. Furthermore, the same segment, is expected to cite the fastest CAGR of 7.5% during the forecast period. The report also includes other segments such as heterodyne.
Based on application, the applied science and engineering segment held the largest market share in 2021, accounting for nearly four-fifths of the global laser interferometer market share, and is expected to maintain its leadership status during the forecast period. In addition, the same segment, is expected to cite the highest CAGR of 7.0% during the forecast period. The report also includes other segments such as surface topology, biomedical, and semiconductor detection.
Based on end-user industry, the automotive segment held the major market share in 2021, contributing more than one-fourth of the global laser interferometer market share, and is expected to maintain its leadership position during the forecast period. Moreover, the same segment, on the other hand, is expected to cite the fastest CAGR of 7.7% during the forecast period. The report also includes segments such as aerospace and defense, industrial, life sciences, electronics manufacturing, and telecommunication.
Based on region, the market across the European region held the major market share in 2021, holding nearly two-fifths of the global laser interferometer market share and is expected to maintain its leadership status during the forecast period. However, the LAMEA laser interferometer market is expected to cite the fastest CAGR of 10.2% during the forecast period. The report also analyses other regions such as North America and the Asia-Pacific.
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The key players analyzed in the global laser interferometer market 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.
The report analyzes these key players in the global laser interferometer market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser interferometer market analysis from 2021 to 2031 to identify the prevailing laser interferometer market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the laser interferometer industry segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global laser interferometer market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
Application
- Surface Topology
- Applied Science and Engineering
- Applied Science and Engineering
- Engineering
- Medical Sciences
- Applied Science and Engineering
- Biomedical
- Semiconductor Detection
Type
- Homodyne
- Heterodyne
End-User Industry
- Automotive
- Aerospace and Defense
- Industrial
- Life Sciences
- Electronics Manufacturing
- Telecommunication
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Rest Of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest Of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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