Market Overview:
The global lab spectroradiometers 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 LED and OLED measurement, SSL measurement, display measurement, and transmission and reflection measurement. In addition, the growing adoption of portable spectroradiometers is also contributing to the growth of this market. However, factors such as high cost of instruments and lack of awareness about these instruments are restraining the growth of this market.
Product Definition:
A spectroradiometer is an instrument used to measure the spectral distribution of light. It can be used to characterize the spectral power distribution (SPD) of a light source, or to determine the reflectance or transmittance of a material. Lab Spectroradiometers are important because they allow for precise measurements of spectral power distributions which is necessary for many applications in science and engineering.
Portable Spectroradiometers:
A portable spectroradiometer is a device used to measure the intensity of light or color. It's major applications are in the food industry, pharmaceuticals and cosmetics industries. They are also used in research laboratories for measuring light scattering, absorption and fluorescence properties of chemicals.
Benchtop Spectroradiometers:
Benchtop spectroradiometers are electronic devices used for measuring the intensity of light. They can be used as a substitute to conventional photometers when it comes to accuracy and precision.
The major advantage of benchtop spectroradiometer is that they are less expensive than their counter-type counterparts, which makes them ideal for educational institutions, small laboratories and industrial users who require a few instruments but cannot afford the cost associated with large laboratory settings.
Application Insights:
The LED and OLED measurement application segment accounted for the largest market share in 2017. This is attributed to the growing demand for Lab-on-chip devices that are used in various end-use industries such as consumer electronics, automotive, healthcare, and others. The use of Lab-on-a¢â‚¬â„¢Chip has revolutionized the performance of light sources used in measuring instruments such as spectrometers and illuminometers.
The SSL measurement application segment is expected to witness lucrative growth over the forecast period owing to its rising adoption across a wide range of applications including semiconductor packaging, optical components manufacturing equipment testing & quality control among others. The need for accurate time keeping has led to an increased number of products incorporating transmission or reflection measures with respect to a standard clock signal or reference waveform respectively.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of industry players and high adoption rate for new technologies. Moreover, increasing demand for spectroradiometers from various end-use industries such as automotive, electronics, energy & power is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising investments by key players in countries such as Japan and China. Furthermore, growing adoption of LED lighting across residential and commercial applications will propel product demand in Asia Pacific region during the forecast period. Latin America also presents lucrative opportunities due to increasing penetration rates for LEDs across several end-use applications including display devices (LCDs), lighting control systems (LSOs), outdoor advertising displays, backlights used in laptops/desktops etc.
Growth Factors:
- Increasing demand for precision agriculture
- Growing awareness about the benefits of spectroradiometers in various industries
- Technological advancements in spectroradiometers that offer better performance and accuracy
- Rising demand from emerging markets such as China and India
- Growing number of research and development activities for developing new applications of spectroradiometers
Scope Of The Report
Report Attributes
Report Details
Report Title
Lab Spectroradiometers Market Research Report
By Type
Portable Spectroradiometers, Benchtop Spectroradiometers
By Application
LED and OLED Measurement, SSL Measurement, Display Measurement, Transmission and Reflection Measurement
By Companies
Apogee Instruments, ABB, HORIBA, Topcon Technohouse, Instrument Systems, International Light Technologies
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 Lab Spectroradiometers Market Report Segments:
The global Lab Spectroradiometers market is segmented on the basis of:
Types
Portable Spectroradiometers, Benchtop Spectroradiometers
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
LED and OLED Measurement, SSL Measurement, Display Measurement, Transmission and Reflection Measurement
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:
- Apogee Instruments
- ABB
- HORIBA
- Topcon Technohouse
- Instrument Systems
- International Light Technologies
Highlights of The Lab Spectroradiometers 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:
- Portable Spectroradiometers
- Benchtop Spectroradiometers
- By Application:
- LED and OLED Measurement
- SSL Measurement
- Display Measurement
- Transmission and Reflection Measurement
- 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 Lab Spectroradiometers 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
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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?
Lab Spectroradiometers are instruments that measure the amount of light that is reflected from a surface. This information can be used to determine the color, brightness, and other properties of the surface.
Some of the major players in the lab spectroradiometers market are Apogee Instruments, ABB, HORIBA, Topcon Technohouse, Instrument Systems, International Light Technologies.
The lab spectroradiometers market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lab Spectroradiometers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lab Spectroradiometers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lab Spectroradiometers Market - Supply Chain
4.5. Global Lab Spectroradiometers Market Forecast
4.5.1. Lab Spectroradiometers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lab Spectroradiometers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lab Spectroradiometers Market Absolute $ Opportunity
5. Global Lab Spectroradiometers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lab Spectroradiometers Market Size and Volume Forecast by Type
5.3.1. Portable Spectroradiometers
5.3.2. Benchtop Spectroradiometers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lab Spectroradiometers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lab Spectroradiometers Market Size and Volume Forecast by Application
6.3.1. LED and OLED Measurement
6.3.2. SSL Measurement
6.3.3. Display Measurement
6.3.4. Transmission and Reflection Measurement
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lab Spectroradiometers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lab Spectroradiometers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lab Spectroradiometers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lab Spectroradiometers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lab Spectroradiometers Demand Share Forecast, 2019-2026
9. North America Lab Spectroradiometers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lab Spectroradiometers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lab Spectroradiometers Market Size and Volume Forecast by Application
9.4.1. LED and OLED Measurement
9.4.2. SSL Measurement
9.4.3. Display Measurement
9.4.4. Transmission and Reflection Measurement
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lab Spectroradiometers Market Size and Volume Forecast by Type
9.7.1. Portable Spectroradiometers
9.7.2. Benchtop Spectroradiometers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lab Spectroradiometers Demand Share Forecast, 2019-2026
10. Latin America Lab Spectroradiometers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lab Spectroradiometers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lab Spectroradiometers Market Size and Volume Forecast by Application
10.4.1. LED and OLED Measurement
10.4.2. SSL Measurement
10.4.3. Display Measurement
10.4.4. Transmission and Reflection Measurement
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lab Spectroradiometers Market Size and Volume Forecast by Type
10.7.1. Portable Spectroradiometers
10.7.2. Benchtop Spectroradiometers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lab Spectroradiometers Demand Share Forecast, 2019-2026
11. Europe Lab Spectroradiometers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lab Spectroradiometers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lab Spectroradiometers Market Size and Volume Forecast by Application
11.4.1. LED and OLED Measurement
11.4.2. SSL Measurement
11.4.3. Display Measurement
11.4.4. Transmission and Reflection Measurement
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lab Spectroradiometers Market Size and Volume Forecast by Type
11.7.1. Portable Spectroradiometers
11.7.2. Benchtop Spectrordiometers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lab Spectroradiometers Demand Share, 2019-2026
12. Asia Pacific Lab Spectroradiometers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lab Spectroradiometers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lab Spectroradiometers Market Size and Volume Forecast by Application
12.4.1. LED and OLED Measurement
12.4.2. SSL Measurement
12.4.3. Display Measurement
12.4.4. Transmission and Reflection Measurement
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lab Spectroradiometers Market Size and Volume Forecast by Type
12.7.1. Portable Spectroradiometers
12.7.2. Benchtop Spectroradiometers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lab Spectroradiometers Demand Share, 2019-2026
13. Middle East & Africa Lab Spectroradiometers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lab Spectroradiometers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lab Spectroradiometers Market Size and Volume Forecast by Application
13.4.1. LED and OLED Measurement
13.4.2. SSL Measurement
13.4.3. Display Measurement
13.4.4. Transmission and Reflection Measurement
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lab Spectroradiometers Market Size and Volume Forecast by Type
13.7.1. Portable Spectroradiometers
13.7.2. Benchtop Spectroradiometers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lab Spectroradiometers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lab Spectroradiometers Market: Market Share Analysis
14.2. Lab Spectroradiometers Distributors and Customers
14.3. Lab Spectroradiometers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apogee Instruments
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HORIBA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Topcon Technohouse
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Instrument Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. International Light Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
