Market Overview:
The global mini-spectrometers 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 mini-spectrometers in various applications such as farming, smart buildings, medical, automotive, consumer electronics and others. Mini-spectrometers are used for various purposes such as detection of contaminants in food products and water supplies, identification of allergens in food items and assessment of environmental quality. Additionally, the growing demand for miniaturized spectroscopic devices is also fueling the growth of this market.
Product Definition:
A mini-spectrometer is a small, portable device used to measure the spectral properties of light. These devices are often used in medical and scientific research, as well as in industrial and manufacturing settings. The importance of mini-spectrometers lies in their ability to provide accurate spectral data quickly and easily.
Chip Type:
The chip type is used in mini-spectrometers for different types of analysis such as mass spectrometry, infrared spectroscopy and nuclear magnetic resonance. The growth factor in the market is increasing demand for high performance miniaturized devices due to growing number of research activities and technological advancements.
Mass Spectrometry: This technique helps analyze a wide range of molecules by ionizing the molecular ions generated during chemical reactions.
Modular Type:
Modular type is a system that allows the user to interchangeably connect optical fibers, light guides or portables. It offers high flexibility and can be used for multiple applications such as spectroscopy, microscopy and others. The modular type mini-spectrometer market is expected to witness significant growth over the forecast period owing to its increasing demand in various application areas such as biotechnology & pharmaceuticals, food & beverage industry among others.
Application Insights:
The others segment includes the automotive, consumer electronics and medical applications. Mini-spectrometers find application in a wide range of devices such as smartphones, tablets, laptops and cameras among others. The global mini-spectrometers market by application is segregated into five segments that include farming, smart buildings, medical equipment & pharmaceuticals manufacturing facilities (Labs), automotive testing facilities and other industries including food & beverage processing plants and textile manufacturing facilities.
Farming was the largest segment with a revenue share of over 40% in 2017 owing to its increasing adoption across various end-use industries such as agriculture production testing laboratories for crop analysis at the field level; water treatment plants; soil remediation centers; etc. Furthermore, miniaturization has led to significant increases in their usage across various agricultural activities including plant research activities for pest identification or disease diagnosis at an early stage; fertilizer or pesticide dosage calculation based on past history data from similar crops grown on similar soil types etc.
Regional Analysis:
Asia Pacific mini-spectrometers market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to increasing demand for spectroscopy in countries such as India, China, and Japan. The growing medical sector in these developing economies is also anticipated to fuel the regional demand for miniaturized devices over the next eight years.
North America accounted for a significant share of revenue in 2017 owing to high adoption of spectroscopy across various applications such as farming, smart buildings, automotive etc. In addition, presence of major players engaged in providing technologically advanced products is likely to support regional growth over the forecast period.
Latin America mini-spectrometers market has huge potential due its rapidly growing economy.
Growth Factors:
- Increasing demand for miniaturized spectrometers in portable and handheld devices
- Rising need for mini-spectrometers in medical diagnostics and therapeutics
- Proliferation of nanotechnology and its applications across industries
- Growing popularity of Raman spectroscopy for chemical analysis
- Advances in optical engineering that have led to smaller, lighter, and more affordable mini-spectrometers
Scope Of The Report
Report Attributes
Report Details
Report Title
Mini-spectrometers Market Research Report
By Type
Chip Type, Modular Type
By Application
Farming, Smart Buildings, Medical, Automotive, Consumer Electronics, Others
By Companies
Hamamatsu Photonics, Ocean Insight, VIAVI Solutions, Horiba, Si-Ware Systems, OTO Photonics, INSION, Nanolambda, Avantes, StellarNet, ideaoptics, Chromation
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Mini-spectrometers Market Report Segments:
The global Mini-spectrometers market is segmented on the basis of:
Types
Chip Type, Modular Type
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
Farming, Smart Buildings, Medical, Automotive, Consumer Electronics, 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:
- Hamamatsu Photonics
- Ocean Insight
- VIAVI Solutions
- Horiba
- Si-Ware Systems
- OTO Photonics
- INSION
- Nanolambda
- Avantes
- StellarNet
- ideaoptics
- Chromation
Highlights of The Mini-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:
- Chip Type
- Modular Type
- By Application:
- Farming
- Smart Buildings
- Medical
- Automotive
- Consumer Electronics
- 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 Mini-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 mini-spectrometer is a device that can be used to measure the concentration of substances in a sample.
Some of the key players operating in the mini-spectrometers market are Hamamatsu Photonics, Ocean Insight, VIAVI Solutions, Horiba, Si-Ware Systems, OTO Photonics, INSION, Nanolambda, Avantes, StellarNet, ideaoptics, Chromation.
The mini-spectrometers 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 Mini-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 Mini-spectrometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mini-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 Mini-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 Mini-spectrometers Market Size & Forecast, 2020-2028
4.5.1 Mini-spectrometers Market Size and Y-o-Y Growth
4.5.2 Mini-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 Chip Type
5.2.2 Modular Type
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 Farming
6.2.2 Smart Buildings
6.2.3 Medical
6.2.4 Automotive
6.2.5 Consumer Electronics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mini-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 Mini-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 Chip Type
9.6.2 Modular Type
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 Farming
9.10.2 Smart Buildings
9.10.3 Medical
9.10.4 Automotive
9.10.5 Consumer Electronics
9.10.6 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 Chip Type
10.6.2 Modular Type
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 Farming
10.10.2 Smart Buildings
10.10.3 Medical
10.10.4 Automotive
10.10.5 Consumer Electronics
10.10.6 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 Chip Type
11.6.2 Modular Type
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 Farming
11.10.2 Smart Buildings
11.10.3 Medical
11.10.4 Automotive
11.10.5 Consumer Electronics
11.10.6 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 Chip Type
12.6.2 Modular Type
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 Farming
12.10.2 Smart Buildings
12.10.3 Medical
12.10.4 Automotive
12.10.5 Consumer Electronics
12.10.6 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 Chip Type
13.6.2 Modular Type
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 Farming
13.10.2 Smart Buildings
13.10.3 Medical
13.10.4 Automotive
13.10.5 Consumer Electronics
13.10.6 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 Mini-spectrometers Market: Competitive Dashboard
14.2 Global Mini-spectrometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hamamatsu Photonics
14.3.2 Ocean Insight
14.3.3 VIAVI Solutions
14.3.4 Horiba
14.3.5 Si-Ware Systems
14.3.6 OTO Photonics
14.3.7 INSION
14.3.8 Nanolambda
14.3.9 Avantes
14.3.10 StellarNet
14.3.11 ideaoptics
14.3.12 Chromation
