Market Overview:
The global microspectrometer market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized spectrometers for various applications, such as academic research, pharmaceutical and biotech research, chemical analysis, oil and gas exploration, and others. In addition, the growing adoption of microspectrometers in portable devices is also contributing to the growth of this market.
Product Definition:
A microspectrometer is a device that uses optical fibers to collect light from a small area, typically on the order of a few micrometers across. This light is then analyzed by a spectrometer, which can measure the spectrum of the light.
Fully Integrated Microspectrometer:
A microspectrometer is an analytical device used for quantitative analysis of small samples. It's major application includes food & beverage, pharmaceuticals, environmental testing industries and research institutes. Micro spectrometers are also used in quality control of foods & beverages as well as pharmaceutical products. The fully integrated micro spectrometer has the ability to perform all operations by itself without any external support like other conventional devices which include light source or other detectors etc.
Spectrometer Unit:
A spectrometer is an analytical device used for breaking down light into different colors which are then separated by a prism to analyze the composition of a substance. The modern day spectrometer consists of vacuum system, optical source, detector and computer. It's basically used for analyzing chemical compounds and determining their properties such as molecular weight, ionization etc.
Application Insights:
The academic segment dominated the global market in terms of revenue share in 2017. This is attributed to the rising number of researchers and spectroscopy-based analysis activities across various industries. Spectrometers are used for analyzing samples by measuring wavelengths or frequencies that indicate chemical composition, which enables their application in varied fields such as food, forensics, medicine and environment among others. The growing importance of advanced spectrometers with high accuracy and precision for research purposes has driven demand over the years.
Pharma & biotech accounted for a significant revenue share owing to extensive use of microspectrometers during process development as well as quality control procedures at different stages of drug discovery & clinical trials processes. Microscopes enable visualization and analysis at molecular level which helps determine appropriate sample preparation techniques along with identifying potential problems during processing leading to enhanced product adoption across this sector over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. North America has a well-established research infrastructure and high R&D investment by major companies, which have resulted in higher adoption of spectroscopy techniques across various applications. Furthermore, increasing demand for pharmaceuticals and biotechnology products has led to an increase in revenue generation from USD X million to USD X million from 2014 to 2019 in this region alone.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising investments by governments as well as private firms for gaining competitive advantage through innovation and discovery of new products using spectroscopic techniques coupled with rapid developments in healthcare infrastructure & technology at large scale across emerging countries such as China, India, Singapore etc.
Growth Factors:
- Increasing demand for miniaturized and portable devices
- Rising application of microspectrometers in life sciences and medical research
- Growing use of microspectrometers in food and beverage industry
- Proliferation of nanotechnology-based products
- Rising demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Microspectrometer Market Research Report
By Type
Fully Integrated Microspectrometer, Spectrometer Unit
By Application
Academic, Pharma & Biotech, Chemical, Oil and Gas, Others
By Companies
VTT, B＆W Tek, CRAIC Technologies, Ibsen Photonics, StellarNet，Inc., SCINCO, Stratio, HORIBA Scientific, BMG LABTECH, NeoSpectra, VTT, Avantes, Bruker, FiSens GmbH, Anteryon Optical Solutions
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Microspectrometer Market Report Segments:
The global Microspectrometer market is segmented on the basis of:
Types
Fully Integrated Microspectrometer, Spectrometer Unit
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
Academic, Pharma & Biotech, Chemical, Oil and Gas, 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:
- VTT
- B＆W Tek
- CRAIC Technologies
- Ibsen Photonics
- StellarNet，Inc.
- SCINCO
- Stratio
- HORIBA Scientific
- BMG LABTECH
- NeoSpectra
- VTT
- Avantes
- Bruker
- FiSens GmbH
- Anteryon Optical Solutions
Highlights of The Microspectrometer 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:
- Fully Integrated Microspectrometer
- Spectrometer Unit
- By Application:
- Academic
- Pharma & Biotech
- Chemical
- Oil and Gas
- 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 Microspectrometer 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 microspectrometer is a type of spectrometer that uses a small sample size to measure the spectral characteristics of light. This type of spectrometer is often used in research and development applications, as it allows for more accurate measurements than traditional spectroscopy methods.
Some of the major companies in the microspectrometer market are VTT, B¯Â¼â€ W Tek, CRAIC Technologies, Ibsen Photonics, StellarNet¯Â¼Å’Inc., SCINCO, Stratio, HORIBA Scientific, BMG LABTECH, NeoSpectra, VTT, Avantes, Bruker, FiSens GmbH, Anteryon Optical Solutions.
The microspectrometer market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microspectrometer 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 Microspectrometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microspectrometer 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 Microspectrometer 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 Microspectrometer Market Size & Forecast, 2018-2028
4.5.1 Microspectrometer Market Size and Y-o-Y Growth
4.5.2 Microspectrometer Market Absolute $ Opportunity
Chapter 5 Global Microspectrometer 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 Microspectrometer Market Size Forecast by Type
5.2.1 Fully Integrated Microspectrometer
5.2.2 Spectrometer Unit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microspectrometer 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 Microspectrometer Market Size Forecast by Applications
6.2.1 Academic
6.2.2 Pharma & Biotech
6.2.3 Chemical
6.2.4 Oil and Gas
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microspectrometer 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 Microspectrometer 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 Microspectrometer Analysis and Forecast
9.1 Introduction
9.2 North America Microspectrometer 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 Microspectrometer Market Size Forecast by Type
9.6.1 Fully Integrated Microspectrometer
9.6.2 Spectrometer Unit
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 Microspectrometer Market Size Forecast by Applications
9.10.1 Academic
9.10.2 Pharma & Biotech
9.10.3 Chemical
9.10.4 Oil and Gas
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 Microspectrometer Analysis and Forecast
10.1 Introduction
10.2 Europe Microspectrometer 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 Microspectrometer Market Size Forecast by Type
10.6.1 Fully Integrated Microspectrometer
10.6.2 Spectrometer Unit
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 Microspectrometer Market Size Forecast by Applications
10.10.1 Academic
10.10.2 Pharma & Biotech
10.10.3 Chemical
10.10.4 Oil and Gas
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 Microspectrometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microspectrometer 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 Microspectrometer Market Size Forecast by Type
11.6.1 Fully Integrated Microspectrometer
11.6.2 Spectrometer Unit
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 Microspectrometer Market Size Forecast by Applications
11.10.1 Academic
11.10.2 Pharma & Biotech
11.10.3 Chemical
11.10.4 Oil and Gas
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 Microspectrometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Microspectrometer 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 Microspectrometer Market Size Forecast by Type
12.6.1 Fully Integrated Microspectrometer
12.6.2 Spectrometer Unit
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 Microspectrometer Market Size Forecast by Applications
12.10.1 Academic
12.10.2 Pharma & Biotech
12.10.3 Chemical
12.10.4 Oil and Gas
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) Microspectrometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microspectrometer 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) Microspectrometer Market Size Forecast by Type
13.6.1 Fully Integrated Microspectrometer
13.6.2 Spectrometer Unit
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) Microspectrometer Market Size Forecast by Applications
13.10.1 Academic
13.10.2 Pharma & Biotech
13.10.3 Chemical
13.10.4 Oil and Gas
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 Microspectrometer Market: Competitive Dashboard
14.2 Global Microspectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VTT
14.3.2 B＆W Tek
14.3.3 CRAIC Technologies
14.3.4 Ibsen Photonics
14.3.5 StellarNet，Inc.
14.3.6 SCINCO
14.3.7 Stratio
14.3.8 HORIBA Scientific
14.3.9 BMG LABTECH
14.3.10 NeoSpectra
14.3.11 VTT
14.3.12 Avantes
14.3.13 Bruker
14.3.14 FiSens GmbH
14.3.15 Anteryon Optical Solutions
