Market Overview:
The global optical spectrometers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for optical spectrometers in various applications such as agriculture, automotive, food & beverage, life sciences & research, academia & teaching and energy & chemical. Additionally, the growing demand for UV-visible and IR optical spectrometers is also propelling the growth of this market. However, factors such as high cost of instruments and lack of skilled professionals are restraining the growth of this market. On the basis of type, UV-visible optical spectrometer held a major share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to its wide range of applications in various industries such as agriculture, automotive and food & beverage among others.
Product Definition:
An optical spectrometer is a scientific instrument used to measure the spectral composition of light, typically in the visible and ultraviolet regions. Optical spectrometers are used for a variety of purposes, including determining the elemental or molecular composition of substances, measuring physical properties of objects such as temperature and pressure, and detecting gas concentrations.
UV-Visible Optical Spectrometer:
UV-Visible Optical Spectrometer, also known as UV/Vis absorption spectrometer or visual spectrophotometer, is a device that allows the measurement of light intensity in the visible part of the electromagnetic spectrum. It does so by detecting and analyzing how much energy from a source is absorbed by a sample placed between two transparent plates.
IR Optical Spectrometer:
An IR optical spectrometer is an instrument used for measuring the intensity of infrared light, and it's used in other instruments as well. It can be defined as a device that analyzes the molecular or atomic contents of gases or liquids by detecting their absorption and re-radiation of infrared radiation. The most commonly IR optical spectrometers are those which are based on thermal analysis principle; however, there are also some other types which use electrochemical analysis principles.
Application Insights:
The other application segment includes environmental, chemical, and security applications. The optical spectrometers find extensive use in the aforementioned fields owing to their ability to measure small wavelength differences. For instance, they are used for analyzing air pollutants and identifying specific gases present in an atmosphere. They are also used extensively in the field of security as they provide solutions for a variety of problems such as identification and authentication of documents based on their unique spectral characteristics. This is likely to drive demand over the forecast period.
The agricultural sector accounted for more than 25% market share by revenue in 2017 due to its wide-spread usage across various applications such as soil analysis, plant health analysis, water & nutrient uptake into plants through roots & leaves analysis etcetera. Furthermore, it helps analyze data from drones that deliver fertilizers during crop growth which further propels its demand globally over the forecast period (2018-2030).
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 this region. Moreover, growing demand for high-quality food products is anticipated to drive the regional market over the forecast period.
Asia Pacific spectrometers market is expected to grow at a lucrative rate over the forecast period owing to increasing research activities and an increase in funding by government organizations, such as Department of Science & Technology (DST) of India and Indian Council of Medical Research (ICMR). In addition, rising awareness about health benefits associated withoptical devices used for spectroscopy has ledto an increase inthe adoptionof these systemsin this region.
Growth Factors:
- Increasing demand for optical spectrometers in the pharmaceutical and biotechnology industries for drug discovery and development.
- Growing demand from the food and beverage industry for quality control and analysis of food ingredients.
- Rising use of optical spectrometers in research institutes and universities for advanced scientific research.
- Increasing adoption of optical spectrometers in process control applications across various industries.
- Technological advancements that have led to the development of miniaturized optical spectrometers with enhanced performance characteristics are expected to fuel market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Spectrometers Market Research Report
By Type
UV-Visible Optical Spectrometer, IR Optical Spectrometer
By Application
Agriculture, Astronomical, Automotive, Food & Beverage, Life Sciences & Research, Academia & Teaching, Energy & Chemical, Other
By Companies
Horiba, AMETEK, Ocean Optics, Agilent, Thermo Fisher, Hitachi, Shimadzu, PerkinElmer, Hach, Beckman Coulter, Xylem, Biochrom, Analytik Jena, JASCO, BioTek, Bibby Scientific, PG Instruments
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Optical Spectrometers Market Report Segments:
The global Optical Spectrometers market is segmented on the basis of:
Types
UV-Visible Optical Spectrometer, IR Optical Spectrometer
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
Agriculture, Astronomical, Automotive, Food & Beverage, Life Sciences & Research, Academia & Teaching, Energy & Chemical, Other
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:
- Horiba
- AMETEK
- Ocean Optics
- Agilent
- Thermo Fisher
- Hitachi
- Shimadzu
- PerkinElmer
- Hach
- Beckman Coulter
- Xylem
- Biochrom
- Analytik Jena
- JASCO
- BioTek
- Bibby Scientific
- PG Instruments
Highlights of The Optical 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:
- UV-Visible Optical Spectrometer
- IR Optical Spectrometer
- By Application:
- Agriculture
- Astronomical
- Automotive
- Food & Beverage
- Life Sciences & Research
- Academia & Teaching
- Energy & Chemical
- Other
- 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 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.
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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 spectrometer is a device that uses light to measure the properties of matter. This can include things like temperature, pressure, and chemical composition.
Some of the major players in the optical spectrometers market are Horiba, AMETEK, Ocean Optics, Agilent, Thermo Fisher, Hitachi, Shimadzu, PerkinElmer, Hach, Beckman Coulter, Xylem, Biochrom, Analytik Jena, JASCO, BioTek, Bibby Scientific, PG Instruments.
The optical spectrometers market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Spectrometers 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. Optical Spectrometers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Optical Spectrometers Market - Supply Chain
4.5. Global Optical Spectrometers Market Forecast
4.5.1. Optical Spectrometers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Spectrometers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Spectrometers Market Absolute $ Opportunity
5. Global Optical Spectrometers 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. Optical Spectrometers Market Size and Volume Forecast by Type
5.3.1. UV-Visible Optical Spectrometer
5.3.2. IR Optical Spectrometer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Spectrometers 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. Optical Spectrometers Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Astronomical
6.3.3. Automotive
6.3.4. Food & Beverage
6.3.5. Life Sciences & Research
6.3.6. Academia & Teaching
6.3.7. Energy & Chemical
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Optical Spectrometers 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. Optical Spectrometers 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 Optical Spectrometers 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. Optical Spectrometers 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 Optical Spectrometers Demand Share Forecast, 2019-2029
9. North America Optical Spectrometers 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 Optical Spectrometers 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 Optical Spectrometers Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Astronomical
9.4.3. Automotive
9.4.4. Food & Beverage
9.4.5. Life Sciences & Research
9.4.6. Academia & Teaching
9.4.7. Energy & Chemical
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Optical Spectrometers Market Size and Volume Forecast by Type
9.7.1. UV-Visible Optical Spectrometer
9.7.2. IR Optical Spectrometer
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 Optical Spectrometers Demand Share Forecast, 2019-2029
10. Latin America Optical Spectrometers 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 Optical Spectrometers 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 Optical Spectrometers Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Astronomical
10.4.3. Automotive
10.4.4. Food & Beverage
10.4.5. Life Sciences & Research
10.4.6. Academia & Teaching
10.4.7. Energy & Chemical
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Optical Spectrometers Market Size and Volume Forecast by Type
10.7.1. UV-Visible Optical Spectrometer
10.7.2. IR Optical Spectrometer
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 Optical Spectrometers Demand Share Forecast, 2019-2029
11. Europe Optical Spectrometers 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 Optical Spectrometers 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 Optical Spectrometers Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Astronomical
11.4.3. Automotive
11.4.4. Food & Beverage
11.4.5. Life Sciences & Research
11.4.6. Academia & Teaching
11.4.7. Energy & Chemical
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Optical Spectrometers Market Size and Volume Forecast by Type
11.7.1. UV-Visible Optical Spectrometer
11.7.2. IR Optical Spectrometer
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 Optical Spectrometers Demand Share, 2019-2029
12. Asia Pacific Optical Spectrometers 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 Optical Spectrometers 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 Optical Spectrometers Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Astronomical
12.4.3. Automotive
12.4.4. Food & Beverage
12.4.5. Life Sciences & Research
12.4.6. Academia & Teaching
12.4.7. Energy & Chemical
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Optical Spectrometers Market Size and Volume Forecast by Type
12.7.1. UV-Visible Optical Spectrometer
12.7.2. IR Optical Spectrometer
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 Optical Spectrometers Demand Share, 2019-2029
13. Middle East & Africa Optical Spectrometers 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 Optical Spectrometers 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 Optical Spectrometers Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Astronomical
13.4.3. Automotive
13.4.4. Food & Beverage
13.4.5. Life Sciences & Research
13.4.6. Academia & Teaching
13.4.7. Energy & Chemical
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Optical Spectrometers Market Size and Volume Forecast by Type
13.7.1. UV-Visible Optical Spectrometer
13.7.2. IR Optical Spectrometer
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 Optical Spectrometers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Optical Spectrometers Market: Market Share Analysis
14.2. Optical Spectrometers Distributors and Customers
14.3. Optical Spectrometers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Horiba
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AMETEK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ocean Optics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Agilent
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thermo Fisher
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shimadzu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PerkinElmer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hach
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beckman Coulter
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Xylem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Biochrom
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Analytik Jena
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. JASCO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. BioTek
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Bibby Scientific
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. PG Instruments
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
