Albany, NY -- (SBWIRE) -- 11/09/2016 -- The global market for laser interferometer is primarily driven by the automotive sector, finds a new research study by Transparency Market Research (TMR). The report, titled "Laser Interferometer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024," states that applications of laser interferometers in the automotive sector include alignment, dimensional measurement, profiling, and control. According to the report, the Asia Pacific market for laser interferometer is gaining ground quickly as many key players are establishing their plants in the region.

Laser interferometer is a system that uses laser as a source of light owing to its properties of high intrinsic brilliance and monochromaticity. These systems can be used on a nano scale or for long distance measurements. Laser interferometers also offer precise resolution and high accuracy, which helps in panel inspection, nano-scale micromachining, and wafer steppers. However, interferometers are prone to errors due to factors such as time and how they are used.

PDF Sample For Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13304

The automotive industry, followed by electronic manufacturing and machine shop, is the most prominent application area of laser interferometers. These systems are also widely used in the semiconductor industry, which requires precise and complex parts. Some of the other application areas of laser interferometers are ophthalmology, consumer electronics, and defense and aerospace. Technological advancements in the defense and aerospace sector are opening up new opportunities in the global laser interferometer market.

Conversely, the report estimates that the high cost of laser interferometers and finite knowledge of these high-quality systems among the end users is limiting the growth of the market. The report reveals that due to the high cost of laser interferometers, only a few prominent players in the market are able to procure them. However, via research and development, small and medium enterprises such as Lasertex, EKMO, and SSIA have managed to build rigid and compact laser interferometers, which are considerably lower in cost.

The global market for laser interferometer can be segmented on the basis of type, application, and geography. On the basis of type, the market can be divided into intelligent single-axis systems and multi-axis systems. By application, the laser interferometer market can be segmented into a wide range of industries, including automotive, semiconductors, defense and aerospace, consumer electronics, and ophthalmology. On the basis of geography, this report explores the market in terms of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Market Insight can be Viewed @ http://www.transparencymarketresearch.com/laser-interferometer-market.html

Some of the key players dominating the laser interferometer market are Renishaw (UK), Optodyne (USA), Agilent (Keysight) (USA), API Corporation (USA), Zygo Corporation (Middlefield, Connecticut), Tosei Corporation (Minato), Carl Zeiss AG (Germany), and Aerotech Inc. (Pittsburgh).