Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Optical Spectrometers 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Optical Spectrometers 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131136 3300 Machinery & Equipment 377 241 Pages 4.8 (35)
                                          

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.


Global Optical Spectrometers Industry Outlook


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:

  1. Horiba
  2. AMETEK
  3. Ocean Optics
  4. Agilent
  5. Thermo Fisher
  6. Hitachi
  7. Shimadzu
  8. PerkinElmer
  9. Hach
  10. Beckman Coulter
  11. Xylem
  12. Biochrom
  13. Analytik Jena
  14. JASCO
  15. BioTek
  16. Bibby Scientific
  17. PG Instruments

Global Optical Spectrometers Market Overview


Highlights of The Optical Spectrometers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. UV-Visible Optical Spectrometer
    2. IR Optical Spectrometer
  1. By Application:

    1. Agriculture
    2. Astronomical
    3. Automotive
    4. Food & Beverage
    5. Life Sciences & Research
    6. Academia & Teaching
    7. Energy & Chemical
    8. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Optical Spectrometers Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
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

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