Market Overview:
The global optical fiber 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 optical fiber spectrometers from various application segments, such as environment, industry, biomedicine and others. In addition, the growing demand for ultraviolet (UV), visible light and near infrared (NIR) optical fiber spectrometers is also contributing to the growth of this market. North America dominates the global optical fiber spectrometer market and is expected to continue its dominance during the forecast period.
Product Definition:
An optical fiber spectrometer is a scientific instrument used to measure the intensity of light at different wavelengths. It can be used to identify the chemical composition of materials or to study the properties of lasers.
Ultraviolet:
Ultraviolet (UV) is electromagnetic radiation with a wavelength of 0 to 400 nm. UV is generally categorized into two types: short-wave and long-wave. The terms are relative, and depend upon the size of the area in which they are being measured. Short-wave UV includes UVC, while long-wave includes longer waves such as Lyman alpha, x rays, etc.
Visible Light:
Visible light is electromagnetic radiation that can be seen by the human eye. It ranges from 400-700 nm in wavelength and has a range of wavelengths within it. Visible light is used to measure chemical compounds as it contains many different wavelengths inside itself. This makes visible light an ideal tool for measuring different compounds at the same time using spectroscopy, which gives precise results compared to other traditional methods like combustion or flame tests.
Application Insights:
The environment application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for fiber-based remote sensing products that offer high spatial resolution, real-time display, and enhanced accuracy as compared to conventional imaging systems. Moreover, governments are taking initiatives such as establishing new marine protected areas (MPAs) in order to conserve ocean species including corals and sea grasses that are affected by human activities along the shoreline. This is expected to increase optical fiber spectrometer usage across a wide range of applications including water quality monitoring within MPAs.
Industry application accounted for 25% share of the overall revenue in 2017 owing to rising demand from oil & gas companies for onshore & offshore exploration activities across various regions including Asia Pacific, North America, Europe, Middle East & Africa).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments and technological advancements in the field of spectroscopy, which has led to an increased adoption of OSF systems across this region.
The Asia Pacific regional market for optical fiber spectrometer is anticipated to witness significant growth over the forecast period owing to factors such as economic development, improvement in healthcare infrastructure and rising demand for pharmaceutical products & services. In addition, a rise in foreign direct investment by various companies will boost industry expansion over this region during the same period.
Europe also held a considerable share of global revenue generation due to high demand from end-users for OSF systems that are used across several industries including environment (water), food & beverage (quality control), energy & power (power plant) among others for quality assurance purposes or research studies on chemical composition or physical properties of materials etc.).
Growth Factors:
- Increasing demand for optical fiber spectrometers from the pharmaceutical and biotechnology industries for drug discovery and development
- Growing demand for optical fiber spectrometers in the field of medical diagnostics
- Rising use of optical fiber spectrometers in research laboratories and universities for advanced scientific research
- Increasing adoption of optical fiber spectrometers in process control applications across various industries
- Proliferation of nanotechnology and optoelectronics that is expected to drive the growth of the global optical fiber spectrometer market
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Fiber Spectrometer Market Research Report
By Type
Ultraviolet, Visible Light, Near Infrared
By Application
Environment, Industry, Biomedicine, Others
By Companies
Ocean Insight, B&W Tek, Avantes, Insion, StellarNet, OtO Photonics, ASD, Hangzhou Jingfei Technology, Shanghai Ruhai Optoelectronics Technology, Shanghai Fuxiang Optics
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Optical Fiber Spectrometer Market Report Segments:
The global Optical Fiber Spectrometer market is segmented on the basis of:
Types
Ultraviolet, Visible Light, Near Infrared
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
Environment, Industry, Biomedicine, 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
- B&W Tek
- Avantes
- Insion
- StellarNet
- OtO Photonics
- ASD
- Hangzhou Jingfei Technology
- Shanghai Ruhai Optoelectronics Technology
- Shanghai Fuxiang Optics
Highlights of The Optical Fiber 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
- Visible Light
- Near Infrared
- By Application:
- Environment
- Industry
- Biomedicine
- 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 Optical Fiber 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.
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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?
An optical fiber spectrometer is a device that uses an optical fiber to collect and analyze light. This type of spectrometer can be used to measure the intensity, wavelength, and other properties of light.
Some of the major companies in the optical fiber spectrometer market are Ocean Insight, B&W Tek, Avantes, Insion, StellarNet, OtO Photonics, ASD, Hangzhou Jingfei Technology, Shanghai Ruhai Optoelectronics Technology, Shanghai Fuxiang Optics.
The optical fiber 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 Optical Fiber 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 Optical Fiber Spectrometer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Optical Fiber 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 Optical Fiber 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 Optical Fiber Spectrometer Market Size & Forecast, 2018-2028 4.5.1 Optical Fiber Spectrometer Market Size and Y-o-Y Growth 4.5.2 Optical Fiber Spectrometer Market Absolute $ Opportunity
Chapter 5 Global Optical Fiber 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 Optical Fiber Spectrometer Market Size Forecast by Type
5.2.1 Ultraviolet
5.2.2 Visible Light
5.2.3 Near Infrared
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Fiber 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 Optical Fiber Spectrometer Market Size Forecast by Applications
6.2.1 Environment
6.2.2 Industry
6.2.3 Biomedicine
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Fiber 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 Optical Fiber 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 Optical Fiber Spectrometer Analysis and Forecast
9.1 Introduction
9.2 North America Optical Fiber 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 Optical Fiber Spectrometer Market Size Forecast by Type
9.6.1 Ultraviolet
9.6.2 Visible Light
9.6.3 Near Infrared
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 Optical Fiber Spectrometer Market Size Forecast by Applications
9.10.1 Environment
9.10.2 Industry
9.10.3 Biomedicine
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 Optical Fiber Spectrometer Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Fiber 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 Optical Fiber Spectrometer Market Size Forecast by Type
10.6.1 Ultraviolet
10.6.2 Visible Light
10.6.3 Near Infrared
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 Optical Fiber Spectrometer Market Size Forecast by Applications
10.10.1 Environment
10.10.2 Industry
10.10.3 Biomedicine
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 Optical Fiber Spectrometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Fiber 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 Optical Fiber Spectrometer Market Size Forecast by Type
11.6.1 Ultraviolet
11.6.2 Visible Light
11.6.3 Near Infrared
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 Optical Fiber Spectrometer Market Size Forecast by Applications
11.10.1 Environment
11.10.2 Industry
11.10.3 Biomedicine
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 Optical Fiber Spectrometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Fiber 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 Optical Fiber Spectrometer Market Size Forecast by Type
12.6.1 Ultraviolet
12.6.2 Visible Light
12.6.3 Near Infrared
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 Optical Fiber Spectrometer Market Size Forecast by Applications
12.10.1 Environment
12.10.2 Industry
12.10.3 Biomedicine
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) Optical Fiber Spectrometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Fiber 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) Optical Fiber Spectrometer Market Size Forecast by Type
13.6.1 Ultraviolet
13.6.2 Visible Light
13.6.3 Near Infrared
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) Optical Fiber Spectrometer Market Size Forecast by Applications
13.10.1 Environment
13.10.2 Industry
13.10.3 Biomedicine
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 Optical Fiber Spectrometer Market: Competitive Dashboard
14.2 Global Optical Fiber Spectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ocean Insight
14.3.2 B&W Tek
14.3.3 Avantes
14.3.4 Insion
14.3.5 StellarNet
14.3.6 OtO Photonics
14.3.7 ASD
14.3.8 Hangzhou Jingfei Technology
14.3.9 Shanghai Ruhai Optoelectronics Technology
14.3.10 Shanghai Fuxiang Optics