Market Overview:
The global spectroscopy instruments 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 spectroscopy instruments from various application segments, such as industrial robot, semiconductor machine, and others. In addition, the growing demand for miniaturized and portable spectroscopy instruments is also contributing to the growth of this market.
Product Definition:
Spectroscopy is the study of the interaction between matter and electromagnetic radiation. Spectroscopy instruments are used to measure the properties of light that is emitted, absorbed, or scattered by a sample. These measurements can be used to determine the physical and chemical properties of the sample.
OFF-ON(2-position):
The 2-position off-on (also known as ON/OFF or 2°) spectroscopy is a technique used to measure the concentration of species in solution. It's principle is based on the fact that absorption and fluorescence occur when light falls on certain chemical substances, which are then reemitted either as original wave length or shifted wave length.
OFF-ON-OFF(3-position):
The 3-position off-on-off (3OON) spectroscopy is a technique used to measure the concentration of analytes in complex mixtures. It provides quantitative information about the chemical composition of samples without using any light source. The 3OON method measures only the intensity of light that is reflected by the sample and does not require any further interpretation.
This technology has gained popularity over other conventional methods due to its high accuracy, robustness,.
Application Insights:
In terms of application, the global spectroscopy instruments market has been classified into semiconductor machine, industrial robot, others and other laboratory equipment. The industrial robot segment is expected to witness lucrative growth over the forecast period owing to increasing demand for precision-made products across various end-use industries such as automotive and medical. In addition, growing adoption of these devices in manufacturing process control is also expected to drive demand over the coming years.
The others segment includes applications such as space exploration or astronomy which require a high degree of accuracy while measuring small quantities of chemical elements such as hydrogen or helium in a sample. These devices are used for precise measurement and identification procedures in these fields by providing high accuracy with low levels of background noise & vibration that can be tolerated by sensitive equipment components.
Regional Analysis:
North America dominated the global spectroscopy instruments market in 2017. The growth can be attributed to the presence of a large number of industry players, continuous technological advancements, and high adoption rate for spectroscopic techniques across numerous industrial applications. Moreover, increasing government funding for R&D activities pertaining to advanced technologies is also expected to drive regional growth over the forecast period.
The Asia Pacific Spectroscopy Instruments Market is anticipated to witness lucrative growth during the forecast period owing to rising demand from end-use industries such as semiconductors & electronics and chemical & petrochemical processing in countries such as China and India. In addition, favorable government initiatives aimed at promoting research activities relatedto instrumentation are further expected boost regional demand during the forecast period (2018 - 2030). For instance, ‘Make in India’ initiative by Indian Government aims at manufacturing products within its own country which will create ample opportunities for spectroscopes manufacturers over next few years.
Growth Factors:
- Increasing demand for spectroscopy instruments from the pharmaceutical and biotechnology industries for drug discovery and development.
- Rising demand for food safety testing and quality control across the globe.
- Growing application of spectroscopy in material science research and development activities.
- Increasing use of spectroscopy in forensic investigations and security screening applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spectroscopy Instruments Market Research Report
By Type
OFF-ON(2-position), OFF-ON-OFF(3-position)
By Application
Industrial Robot, Semiconductor Machine, Others
By Companies
IDEC Corporation, Euchner USA, Rockwell Automation, Omron, B-COMMAND, PILZ, Wenglor, New Elfin, Pepperl+Fuchs
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Spectroscopy Instruments Market Report Segments:
The global Spectroscopy Instruments market is segmented on the basis of:
Types
OFF-ON(2-position), OFF-ON-OFF(3-position)
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
Industrial Robot, Semiconductor Machine, 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:
- IDEC Corporation
- Euchner USA
- Rockwell Automation
- Omron
- B-COMMAND
- PILZ
- Wenglor
- New Elfin
- Pepperl+Fuchs
Highlights of The Spectroscopy Instruments 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:
- OFF-ON(2-position)
- OFF-ON-OFF(3-position)
- By Application:
- Industrial Robot
- Semiconductor Machine
- 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 Spectroscopy Instruments 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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- Product & Brand Management
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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?
Spectroscopy Instruments are devices that allow scientists to study the properties of matter by breaking down light into its component colors.
Some of the major players in the spectroscopy instruments market are IDEC Corporation, Euchner USA, Rockwell Automation, Omron, B-COMMAND, PILZ, Wenglor, New Elfin, Pepperl+Fuchs.
The spectroscopy instruments 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 Spectroscopy Instruments 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 Spectroscopy Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spectroscopy Instruments 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 Spectroscopy Instruments 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 Spectroscopy Instruments Market Size & Forecast, 2020-2028
4.5.1 Spectroscopy Instruments Market Size and Y-o-Y Growth
4.5.2 Spectroscopy Instruments 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 OFF-ON(2-position)
5.2.2 OFF-ON-OFF(3-position)
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 Industrial Robot
6.2.2 Semiconductor Machine
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spectroscopy Instruments 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 Spectroscopy Instruments 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 OFF-ON(2-position)
9.6.2 OFF-ON-OFF(3-position)
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 Industrial Robot
9.10.2 Semiconductor Machine
9.10.3 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 OFF-ON(2-position)
10.6.2 OFF-ON-OFF(3-position)
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 Industrial Robot
10.10.2 Semiconductor Machine
10.10.3 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 OFF-ON(2-position)
11.6.2 OFF-ON-OFF(3-position)
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 Industrial Robot
11.10.2 Semiconductor Machine
11.10.3 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 OFF-ON(2-position)
12.6.2 OFF-ON-OFF(3-position)
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 Industrial Robot
12.10.2 Semiconductor Machine
12.10.3 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 OFF-ON(2-position)
13.6.2 OFF-ON-OFF(3-position)
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 Industrial Robot
13.10.2 Semiconductor Machine
13.10.3 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 Spectroscopy Instruments Market: Competitive Dashboard
14.2 Global Spectroscopy Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IDEC Corporation
14.3.2 Euchner USA
14.3.3 Rockwell Automation
14.3.4 Omron
14.3.5 B-COMMAND
14.3.6 PILZ
14.3.7 Wenglor
14.3.8 New Elfin
14.3.9 Pepperl+Fuchs
