Market Overview:
The global fiber optic spectrometer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fiber optic spectrometers in various applications such as color measurement, spectral measurement, film thickness measurement, and others. In addition, the growing demand for ultraviolet (UV), infrared (IR), near-infrared (NIR), and other types of fiber optic spectrometers is also contributing to the growth of this market. North America dominates the global fiber optic spectrometer market and is expected to continue its dominance during the forecast period.
Product Definition:
A fiber optic spectrometer is an instrument that uses light to measure the properties of a material. It can be used to determine the concentration of a substance in a sample, or to identify the type of material.
Ultraviolet Band:
Ultraviolet (UV) band is the part of the electromagnetic spectrum between 10 nm to 400 nm. It is also known as high-intensity ultraviolet radiation or short-wave ultraviolet radiation. UVB has a wavelength of 100 -280nm and UVC has a wavelength of 280-315nm. The shorter wavelengths are generally considered to have more penetrating power than the longer ones; however, this depends on factors such as thickness and construction material used for each instrument.
Infrared Band:
Infrared band is the range of infrared light which has wavelengths between 10,000-cts to 300,000-cts. The term “infrared” is often used for all bands with similar wavelengths. Fiber optic spectrometer uses infrared band for analyzing chemical compounds and determining their properties such as molecular weight, ionization potential and boiling point among others.
Application Insights:
The color measurement segment dominated the overall industry in terms of revenue share in 2017. The growth can be attributed to the growing demand for fiber optic sensors for color measurement applications across various industries such as textile, automotive, and consumer goods. Fiber optic technology is increasingly being adopted by manufacturers of measuring instruments to provide high-precision measurements with greater ease and accuracy.
Fiber optics offer a cost-effective solution that provides enhanced precision over conventional technologies such as CCDs (charge coupled devices) or film scanners. Furthermore, they also offer higher resolution along with faster response time when compared to laser scanners owing to their non-oscillation property which makes them suitable for long range measurements required in industrial applications where stability is important.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of major players, technological advancements, and high demand for spectrometers from various industries such as food & beverage, pharmaceuticals, chemical manufacturing etc. The region is expected to maintain its position during the forecast period owing to increasing R&D activities and favorable government initiatives related to fiber optics technology.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as growing population coupled with rising disposable income leading towards increased spending on consumer goods including automobiles and electronics among others which will drive product demand in this region. Moreover, rapid industrialization along with expansion of textile industry due increase in foreign investments is projected favorably impact regional growth over the next eight years.
Growth Factors:
- Increasing demand for fiber optic spectrometers in the pharmaceutical and biotechnology industries for drug discovery and development
- Rising demand from research institutes and universities for advanced spectroscopy research
- Growing use of fiber optic spectrometers in process control applications in various industries
- Increasing adoption of fiber optic spectrometers in medical diagnostics and life science research
- Technological advancements that are making fiber optic spectrometers more compact, portable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Optic Spectrometer Market Research Report
By Type
Ultraviolet Band, Infrared Band, Near Infrared Band, Others
By Application
Color Measurement, Spectral Measurement, Film Thickness Measurement, Others
By Companies
Ocean Insight, Avantes, B&W Tek, StellarNet, Hamamtsu, Horiba, Shanghai Ideaoptics, ALS, Flight Technology, BaySpec, Gztek, Enhanced Spectrometry, Hangzhou Seemantech, Wyoptics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Optic Spectrometer Market Report Segments:
The global Fiber Optic Spectrometer market is segmented on the basis of:
Types
Ultraviolet Band, Infrared Band, Near Infrared Band, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Color Measurement, Spectral Measurement, Film Thickness Measurement, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ocean Insight
- Avantes
- B&W Tek
- StellarNet
- Hamamtsu
- Horiba
- Shanghai Ideaoptics
- ALS
- Flight Technology
- BaySpec
- Gztek
- Enhanced Spectrometry
- Hangzhou Seemantech
- Wyoptics
Highlights of The Fiber Optic Spectrometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultraviolet Band
- Infrared Band
- Near Infrared Band
- Others
- By Application:
- Color Measurement
- Spectral Measurement
- Film Thickness Measurement
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Optic Spectrometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fiber optic spectrometer is a device that uses light to analyze chemical or physical properties of matter. Fiber optics allow for extremely fast and accurate measurements, which are essential for analyzing complex samples.
Some of the major players in the fiber optic spectrometer market are Ocean Insight, Avantes, B&W Tek, StellarNet, Hamamtsu, Horiba, Shanghai Ideaoptics, ALS, Flight Technology, BaySpec, Gztek, Enhanced Spectrometry, Hangzhou Seemantech, Wyoptics.
The fiber optic spectrometer market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiber Optic Spectrometer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fiber Optic Spectrometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiber Optic Spectrometer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fiber Optic Spectrometer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fiber Optic Spectrometer Market Size & Forecast, 2020-2028
4.5.1 Fiber Optic Spectrometer Market Size and Y-o-Y Growth
4.5.2 Fiber Optic Spectrometer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ultraviolet Band
5.2.2 Infrared Band
5.2.3 Near Infrared Band
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Color Measurement
6.2.2 Spectral Measurement
6.2.3 Film Thickness Measurement
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiber Optic Spectrometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiber Optic Spectrometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ultraviolet Band
9.6.2 Infrared Band
9.6.3 Near Infrared Band
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Color Measurement
9.10.2 Spectral Measurement
9.10.3 Film Thickness Measurement
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ultraviolet Band
10.6.2 Infrared Band
10.6.3 Near Infrared Band
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Color Measurement
10.10.2 Spectral Measurement
10.10.3 Film Thickness Measurement
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ultraviolet Band
11.6.2 Infrared Band
11.6.3 Near Infrared Band
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Color Measurement
11.10.2 Spectral Measurement
11.10.3 Film Thickness Measurement
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ultraviolet Band
12.6.2 Infrared Band
12.6.3 Near Infrared Band
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Color Measurement
12.10.2 Spectral Measurement
12.10.3 Film Thickness Measurement
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ultraviolet Band
13.6.2 Infrared Band
13.6.3 Near Infrared Band
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Color Measurement
13.10.2 Spectral Measurement
13.10.3 Film Thickness Measurement
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiber Optic Spectrometer Market: Competitive Dashboard
14.2 Global Fiber Optic Spectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ocean Insight
14.3.2 Avantes
14.3.3 B&W Tek
14.3.4 StellarNet
14.3.5 Hamamtsu
14.3.6 Horiba
14.3.7 Shanghai Ideaoptics
14.3.8 ALS
14.3.9 Flight Technology
14.3.10 BaySpec
14.3.11 Gztek
14.3.12 Enhanced Spectrometry
14.3.13 Hangzhou Seemantech
14.3.14 Wyoptics
