Laser Interferometer Market Worth $ 335 Million By 2026
CHICAGO, November 30, 2021 / PRNewswire / – According to the new research report, the COVID-19 Impact Analysis Laser Interferometer Market by Interferometer Type (Michelson, Fabry-Perot, Fizeau, and Twyman-Green), Type, Application (Surface Topology, Engineering & Science), Construction Industry ‘end user and geography – Global Forecast until 2026 “, published by MarketsandMarkets ™, the global laser interferometer market size is expected to grow by $ 245 million in 2021 to $ 335 million by 2026, at a CAGR of 6.5%. Laser interferometers are typically used in ultra-precision machining and fabrication, ultra-precision positioning control, as well as several non-contact optical sensing technologies. Laser interferometers are also widely used in science and other industries for measuring small displacements, refractive index changes, and surface irregularities. The major factors driving the growth of the laser interferometer market are the increasing demand for 3D metrology services, the emphasis on quality control, and the increasing expenditure on R&D activities. Quality control is an integral part of production processes as it helps the process run smoothly without incurring additional costs. As part of quality control and inspection, a laser interferometer is used for measurement, position control, dimensional analysis and machine calibration, among other functions.
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Due to the COVID-19 outbreak, businesses around the world have been hit with lost revenues and disrupted supply chains as factory closures and quarantine measures have been implemented in the worldwide, restricting movement and trade.
The Surface Topology Segment is expected to hold the largest market share during the forecast period
Interferometry is a well-known technique for measuring surface topology. Interferometric measurements of a surface shape include relative measurement techniques, in which the shape of a known surface is compared to that of an unknown surface, and the difference is displayed as a series of fringes d. ‘interference. Surfaces are an important tool for describing and analyzing a multitude of phenomena related to social, economic, natural and technical sciences. Interferometry is a well established technique for measuring surface topography. With the rapid development of interferometry technology, phase shift interferometry (PSI) has become one of the important methods in modern measurement of optical surface shape. A laser interferometric probe is used to directly detect and characterize stress waves. It is useful for determining the complex signals collected from acoustic emissions due to the cracking of metals or the cracking of polymers.
Heterodyne segment is estimated to be the dominant market during the forecast period
Heterodyne segment is expected to capture the largest share (~ 56%) of the laser interferometers market throughout the forecast period and grow at the highest CAGR during the forecast period. A homodyne interferometer uses a single frequency laser source, while a heterodyne interferometer uses a near two frequency laser source. Most commercial Fourier transform (FT) spectrometers today use Helium-Neon (HeNe) laser interferometers as position sensors. Heterodyne interferometers are mainly used in precision instruments for modern industrial and scientific applications, which is expected to propel the growth of the laser interferometers market. In heterodyne interferometers, only one detector is needed to measure both displacement and direction, which makes it easier to align an object.
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Building Based Vertical Farms Segment To Show Higher Growth During Forecast Period
The vertical agriculture market is mainly dominated by the segment of vertical building-based farms, as the leading companies in the market are involved in this type of agriculture. Vertical farms based on buildings generate a better income per square foot than vertical farms based on shipping containers because the former use less capital and incur lower operating expenses (for the same area). On the contrary, vertical farms based on shipping containers are ideal for serving small consumer bases, as crops are grown in containers which require large spaces to set up, making inefficient and expensive service to. a larger consumer base. However, the market for vertical farms based on shipping containers is likely to register a higher CAGR as it is an out-of-the-box (plug and play model) solution that helps meet the growing demand for products. fresh and high quality. Vertical trusses based on shipping containers are flexible, easy to use and portable. Therefore, the growing demand for fresh produce is expected to create notable growth opportunities for this segment over the coming years.
Asia Pacific dominate the vertical agriculture market during the forecast period
In Asia Pacific, companies involved in vertical agriculture are investing and expanding their operations in other countries. For example, in november 2019, Sustenir (Singapore), an agricultural company, launched a 30,000 square foot vertical hydroponics facility in Tuen Mun, Hong Kong. Hong Kong is a densely populated country with limited availability of land for agriculture. The products of conventional agriculture are not enough to meet local demand, and the country is therefore heavily dependent on imported products. Similar is the case with Singapore. To decrease dependence on imported food and reduce food waste in the transportation process, growing a significant amount of food locally, in a limited space, is the solution offered by vertical agriculture, resulting in the expansion farms by businesses in this region.
The report profiles key players in the Vertical Agriculture market and analyzes their market shares. The players featured in this report are Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), sky Greens (Singapore), Broadcast (Japan), Plenty (United States), Valoya (Finland), Everlight Electronics (Taiwan), Heliospectre AB (Sweden), Green Sense Farms (United States), Agrilution (Germany), American Hydroponics (US), Urban Crop Solutions (Belgium), Vertical farming systems (Australia), Bowery Farming (United States), Agricool (France), Sananbio (United States), Growpod Solutions (United States), Infarm (Germany), Altius Farms (US), Smart Growth Solutions (Scotland), 4D BIOS INC (United States), Future Crops (Netherlands), Bright Farms (United States), Swegreen (Sweden) and Vertical Future Ltd (United Kingdom).
Optical Measurement Market by Offerings (Hardware, Software, and Services), Equipment (Self-Adhesive, Measuring Microscope, Profile Projector, ODS, CMM and VMM), Vertical (Industrial, Automotive) and Geography – Global Forecast to 2023
3D Metrology Market with COVID-19 Impact by Product Type (CMM, ODS, VMM, 3D AOI, X-ray and 3D CT), Application (Quality Control and Inspection, Reverse Engineering, Virtual Simulation), Offer, Industry End-User and Geography – Global Forecast to 2026
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