are investigative tools used in many fields of science and engineering. They are called interferometers because they work by merging two or more sources of light to create an interference pattern, which can be measured and analyzed; hence "Interfere-ometer". The interference patterns generated by interferometers contain information about the object or phenomenon being studied. They are often used to make very small measurements that are not achievable any other way.
Interferometer industry has much fragmented, manufacturers are mostly in the United States and Europe regions. Among them, Europe Production value accounted for more than 29% of the total value of global Interferometer in 2018. Keysight Technologies is the world leading manufacturer in global Interferometer market with the market share of 18.79% in 2018.
Compared to 2017, Interferometer market managed to increase revenue by 6.64% to 619.15 million USD worldwide in 2018.
The global Interferometer production market is expected to reach 958.86 million USD by 2025 from 654.86 million USD in 2019, growing at a CAGR of 6.56% between 2019 and 2025. And US market is expected to become the largest Consumption volume market with about 6.3 k units in 2025, mainly due to its strong scientific research and extensive downstream applications.
In the past few years, as the main raw material price was reduced, with the increasing in production capacity, expected that the Interferometer raw material price will be stable in the future. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of Interferometer.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. Although Chinese companies have a small share of higher-end products, they have made rapid progress. It is estimated that Chinese production will be able to reach 5.7 k units by 2025.
The average price of Interferometer will fall further. The product average price declined in the past few years due to the technology development. However, tariff changes caused by regional trade disputes will seriously affect market price fluctuations.