Market Overview:
The global fibre optic spectrometers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for spectral measurement and colour measurement applications, and the growing adoption of fibre optic spectrometers in various end-use industries such as automotive, medical, food & beverage, and others. Among these types, UV-VIS NIR spectrum dominates the overall market with a share of more than 50%. This can be attributed to its ability to detect light in both ultraviolet (UV) and visible (VIS) ranges simultaneously. Based on application area,, fiber optic spectral analyzers are used for various purposes such as color measurement,, spectral measurements,, film thickness measurements,, quality control inspections etc., across different industrial verticals. Among these applications areas,. color measurement accounts for majority share in terms revenue generated followed by spectral measurements segments .
Product Definition:
A fibre optic spectrometer is a device used to measure the spectral properties of light. This type of spectrometer typically uses a optical fibre to transmit light from the sample to the detector. The importance of fibre optic spectrometers is that they can provide very accurate measurements due to their high resolution and low noise levels.
LED:
LED is Light-Emitting Diode, a semiconductor that emits light when activated. The most commonly used type of LED for optical applications is the forward-facing LED, which faces the source and has its own spectrum. However, there are also other types of LEDs such as backward-facing LEDs and side mounted LEDs that can be used in various spectrometer configurations.
UV-VIS-NIR:
UV-Vis-NIR (Ultraviolet-Visible-NIR) is a part of the electromagnetic spectrum that ranges from UV to IR. It is used in fiber optic spectrometers for analysis and identification of chemical compounds. Fibre optic sensors are widely used in food, beverage, pharmaceuticals industries for quality control and detection purposes.
Application Insights:
The others segment includes temperature measurement, concentration measurement and gas/vapor measurement. The color measurement segment is expected to witness the fastest growth over the forecast period owing to its increasing use in textile industry for analyzing various colors of yarns, fabrics and dyes. Fibre optic spectrometers are also used for measuring other properties such as brightness, glossiness and texture of a material.
Color Measurement led the global market in terms of revenue share in 2016 due to its rising adoption by textile industry for quality control purposes as well as R&D activities related to fabric colors. It provides data on hue angle (rotational), saturation (chroma) value & wavelength corresponding to a specific color which helps analyze color characteristics of materials or determine if a sample is colored or transparent based on their compositionality property relationships with colors.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players such as Agilent Technologies, Inc.; PerkinElmer, Inc.; and Thermo Fisher Scientific, Inc. Moreover, these companies are continuously developing new products for analytical instruments that include spectrometers. For instance; in January 2018; Thermo Fisher Scientific launched a new line of ultra-wideband (UWB) fiber optic spectroscopes with integrated thermal imaging function under the brand name ‘Thermal Vision’.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing demand from various application industries coupled with government initiatives towards infrastructure development in countries such as China and Japan.
Growth Factors:
- Increasing demand for fiber optic spectrometers in the pharmaceutical and biotechnology industries for drug discovery and development.
- Rising demand from academic research institutes for advanced optical spectroscopy techniques to study the structure and dynamics of molecules.
- Growing use of fiber optic spectrometers in process control applications in various manufacturing industries.
- Increasing adoption of fiber optic spectrometers in homeland security and defense applications for detection of explosives and other threats.
- Technological advancements that are making fiber optic spectrometers smaller, lighter, faster, and more affordable are expected to boost their growth prospects over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Fibre Optic Spectrometers Market Research Report
By Type
LED, UV-VIS-NIR, Laser
By Application
Color Measurement, Spectral Measurement, Film Thickness Measurement, Others
By Companies
Ocean Optics, Avantes, Edinburgh Instruments, B&W Tek, StellarNet, Hamamtsu, Shanghai Ideaoptics, ALS, Flight Technology, BaySpec, Gztek, Enhanced Spectrometry, Changchun Yunteng Tech, 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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Fibre Optic Spectrometers Market Report Segments:
The global Fibre Optic Spectrometers market is segmented on the basis of:
Types
LED, UV-VIS-NIR, Laser
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 Optics
- Avantes
- Edinburgh Instruments
- B&W Tek
- StellarNet
- Hamamtsu
- Shanghai Ideaoptics
- ALS
- Flight Technology
- BaySpec
- Gztek
- Enhanced Spectrometry
- Changchun Yunteng Tech
- Hangzhou Seemantech
- Wyoptics
Highlights of The Fibre Optic Spectrometers 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:
- LED
- UV-VIS-NIR
- Laser
- 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 Fibre Optic Spectrometers 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
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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 fibre optic spectrometer is a device that uses light to measure the composition of substances. Fibre optic spectrometers are often used in chemical and environmental analysis, as they can provide detailed information about the contents of a sample.
Some of the key players operating in the fibre optic spectrometers market are Ocean Optics, Avantes, Edinburgh Instruments, B&W Tek, StellarNet, Hamamtsu, Shanghai Ideaoptics, ALS, Flight Technology, BaySpec, Gztek, Enhanced Spectrometry, Changchun Yunteng Tech, Hangzhou Seemantech, Wyoptics.
The fibre optic spectrometers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fibre Optic Spectrometers 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 Fibre Optic Spectrometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fibre Optic Spectrometers 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 Fibre Optic Spectrometers 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 Fibre Optic Spectrometers Market Size & Forecast, 2020-2028
4.5.1 Fibre Optic Spectrometers Market Size and Y-o-Y Growth
4.5.2 Fibre Optic Spectrometers 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 LED
5.2.2 UV-VIS-NIR
5.2.3 Laser
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 Fibre Optic Spectrometers 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 Fibre Optic Spectrometers 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 LED
9.6.2 UV-VIS-NIR
9.6.3 Laser
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 LED
10.6.2 UV-VIS-NIR
10.6.3 Laser
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 LED
11.6.2 UV-VIS-NIR
11.6.3 Laser
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 LED
12.6.2 UV-VIS-NIR
12.6.3 Laser
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 LED
13.6.2 UV-VIS-NIR
13.6.3 Laser
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 Fibre Optic Spectrometers Market: Competitive Dashboard
14.2 Global Fibre Optic Spectrometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ocean Optics
14.3.2 Avantes
14.3.3 Edinburgh Instruments
14.3.4 B&W Tek
14.3.5 StellarNet
14.3.6 Hamamtsu
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 Changchun Yunteng Tech
14.3.14 Hangzhou Seemantech
14.3.15 Wyoptics
