Market Overview:
The global laser 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 portable and benchtop laser spectrometers across different applications such as physics, chemical, biology, material science and others. Additionally, the growing demand for these devices from emerging economies is also contributing to the growth of this market.
Product Definition:
A laser spectrometer is an instrument used to measure the spectral lines of atoms or molecules. It is often used to detect and identify the chemical composition of a sample. The importance of laser spectrometers lies in their ability to measure very small changes in wavelength, which can be used to determine the identity and concentration of chemicals present in a sample.
Benchtop:
The global benchtop laser spectrometer market size was valued at USD 6.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Portable:
A portable spectrometer is a device used to measure and analyze chemical compounds. It can be used in laboratories, industries, and the field for research purpose. A spectrometer is an instrument that can separate light into various colors based on its wavelength. The basic function of a spectrometer is to pass the light and split it into different wavelengths so that they can be analyzed by our eyes or other detectors according to their nature such as infrared radiation, visible light etc.
Application Insights:
The physics application segment led the global laser spectrometer market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing research activities in this field. For instance, according to data published by Laser Institute of America, there were more than 300 active research projects on lasers and spectroscopy across 50 states and Washington D.C., in 2016-17 academic year alone.
The chemical analysis application segment accounted for a significant share in 2017 due to its wide scope of use for analyzing various samples such as food & beverages, pharmaceuticals, water & wastewater treatment plants etcetera with high precision and accuracy levels as compared to other conventional techniques available out there such as mass or volume based analysis methods or atomic absorption techniques used for analyzing solid samples (SV).
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., being a technologically advanced nation, is at the forefront when it comes to research and development activities in various scientific fields including laser spectroscopy. Moreover, technological advancements coupled with high R&D spending by industry players are expected to drive growth over the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions during the forecast period owing to increasing demand from end-use industries such as chemistry and material science, biology and others that require large scale LC/MS based analysis for research purposes or drug discovery programs across this region. China led this region with a significant market share owing to its huge chemical & petrochemical industry along with growing pharmaceutical sector which requires large scale LC/MS based analysis for drug discovery programs across this country (source: ICRISAT).
Growth Factors:
- Increasing demand for laser spectrometers in the medical sector for diagnosis and treatment of diseases.
- Rising demand from the food and beverage industry for quality control and analysis of food products.
- Growing use of laser spectrometers in research institutes and universities for advanced scientific research.
- Increasing adoption of laser spectrometers in defense and security applications to detect explosives, drugs, etc.
- Proliferation of nanotechnology is expected to create new opportunities for the growth of laser spectrometer market
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Spectrometer Market Research Report
By Type
Benchtop, Portable
By Application
Physics, Chemical, Biology, Material, Others
By Companies
Yokogawa, TSI, Hitachi, Mettler Toledo, Horiba, Thermo, Renishaw, B&W Tek, Bruker, Kaiser Optical, WITec, Ocean Insight, Smiths Detection, JASCO, Agilent Technologies, Real Time Analyzers, Zolix, Sciaps, GangDong
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Laser Spectrometer Market Report Segments:
The global Laser Spectrometer market is segmented on the basis of:
Types
Benchtop, Portable
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
Physics, Chemical, Biology, Material, 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:
- Yokogawa
- TSI
- Hitachi
- Mettler Toledo
- Horiba
- Thermo
- Renishaw
- B&W Tek
- Bruker
- Kaiser Optical
- WITec
- Ocean Insight
- Smiths Detection
- JASCO
- Agilent Technologies
- Real Time Analyzers
- Zolix
- Sciaps
- GangDong
Highlights of The Laser 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:
- Benchtop
- Portable
- By Application:
- Physics
- Chemical
- Biology
- Material
- 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 Laser 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 laser spectrometer is a device that uses lasers to measure the wavelengths of light. This information can be used to determine the composition, structure, and properties of materials.
Some of the major companies in the laser spectrometer market are Yokogawa, TSI, Hitachi, Mettler Toledo, Horiba, Thermo, Renishaw, B&W Tek, Bruker, Kaiser Optical, WITec, Ocean Insight, Smiths Detection, JASCO, Agilent Technologies, Real Time Analyzers, Zolix, Sciaps, GangDong.
The laser spectrometer 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 Laser 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 Laser Spectrometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser 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 Laser 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 Laser Spectrometer Market Size & Forecast, 2018-2028
4.5.1 Laser Spectrometer Market Size and Y-o-Y Growth
4.5.2 Laser Spectrometer Market Absolute $ Opportunity
Chapter 5 Global Laser Spectrometer 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 Laser Spectrometer Market Size Forecast by Type
5.2.1 Benchtop
5.2.2 Portable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laser Spectrometer 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 Laser Spectrometer Market Size Forecast by Applications
6.2.1 Physics
6.2.2 Chemical
6.2.3 Biology
6.2.4 Material
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser 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 Laser 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 Laser Spectrometer Analysis and Forecast
9.1 Introduction
9.2 North America Laser Spectrometer 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 Laser Spectrometer Market Size Forecast by Type
9.6.1 Benchtop
9.6.2 Portable
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 Laser Spectrometer Market Size Forecast by Applications
9.10.1 Physics
9.10.2 Chemical
9.10.3 Biology
9.10.4 Material
9.10.5 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 Laser Spectrometer Analysis and Forecast
10.1 Introduction
10.2 Europe Laser Spectrometer 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 Laser Spectrometer Market Size Forecast by Type
10.6.1 Benchtop
10.6.2 Portable
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 Laser Spectrometer Market Size Forecast by Applications
10.10.1 Physics
10.10.2 Chemical
10.10.3 Biology
10.10.4 Material
10.10.5 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 Laser Spectrometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laser Spectrometer 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 Laser Spectrometer Market Size Forecast by Type
11.6.1 Benchtop
11.6.2 Portable
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 Laser Spectrometer Market Size Forecast by Applications
11.10.1 Physics
11.10.2 Chemical
11.10.3 Biology
11.10.4 Material
11.10.5 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 Laser Spectrometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Laser Spectrometer 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 Laser Spectrometer Market Size Forecast by Type
12.6.1 Benchtop
12.6.2 Portable
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 Laser Spectrometer Market Size Forecast by Applications
12.10.1 Physics
12.10.2 Chemical
12.10.3 Biology
12.10.4 Material
12.10.5 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) Laser Spectrometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laser Spectrometer 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) Laser Spectrometer Market Size Forecast by Type
13.6.1 Benchtop
13.6.2 Portable
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) Laser Spectrometer Market Size Forecast by Applications
13.10.1 Physics
13.10.2 Chemical
13.10.3 Biology
13.10.4 Material
13.10.5 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 Laser Spectrometer Market: Competitive Dashboard
14.2 Global Laser Spectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yokogawa
14.3.2 TSI
14.3.3 Hitachi
14.3.4 Mettler Toledo
14.3.5 Horiba
14.3.6 Thermo
14.3.7 Renishaw
14.3.8 B&W Tek
14.3.9 Bruker
14.3.10 Kaiser Optical
14.3.11 WITec
14.3.12 Ocean Insight
14.3.13 Smiths Detection
14.3.14 JASCO
14.3.15 Agilent Technologies
14.3.16 Real Time Analyzers
14.3.17 Zolix
14.3.18 Sciaps
14.3.19 GangDong
