Portable Spectrometer Market Competitive Analysis Reports 2019-2025 with Top Vendors | Forum

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Minakshi Jagtap

Market Overview

 

Global Portable Spectrometer Marketis expected to reach USD 2,777.1 Million by 2025 at a CAGR of 10.29% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years.

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Spectrometers are widely used in various industries to identify material characteristics through the measurement of emissions and absorption of electromagnetic spectra. There is a range of spectroscopic techniques, including atomic spectroscopy, mass spectrometry, molecular spectroscopy, and fluorescence spectroscopy. These techniques can either be used separately or in combination with one instrument. The miniaturization of spectrometers has led to wider adoption of spectrometers for in-the-field testing and onsite measurements. The demand for portable spectrophotometers is expected to increase further as the industrial units implement these instruments for quality and process control.


Competitive Analysis


The key players of the global portable spectrometer market are Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., ABB Group, PerkinElmer, Inc., Metrohm, Bruker Corporation, Hitachi High-Technologies Corporation, Jasco, Newport Corporation, Anton Paar GmbH, Texas Instruments Incorporated, Oxford Instruments, and Renishaw PLC. These companies manufacture and provide spectrometers and other associated accessories across the globe.

In July 2018, Metrohm acquired B&W Tek LLC, a leading Raman spectroscopy solutions provider based in the US. The acquisition aimed at expanding Metrohm’s portable spectroscopy product portfolio to cater to a wide application area, which helps it strengthen its market position.

In December 2016, Anton Paar GmbH purchased a product line of Raman spectroscopy from BaySpec Inc. based in San Jose, the US, and also licensed technology for the handheld Raman products from SciAps Inc. based in Massachusetts, the US. The two instruments were implemented and further developed in a new product department at Anton Paar OptoTec GmbH in Seelze, Germany. The purchase of Raman spectrometers and the Raman microscope was aimed at entering the molecular spectroscopy field.


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 Segmental Analysis

Global Portable Spectrometer Market has been segmented based on Type, Application, and Region.

Based on type, the global portable spectrometer market is segmented into NIR, FTIR, Raman, and similar other spectrometers. The Raman spectrometer sub-segment accounts for the largest share in the type segment due to the early adoption of these instruments and current usage in research and life science laboratories. A near-infrared (NIR) spectrometer is an analytical instrument that examines pharmaceutical, chemical, and medical materials in bulk. These spectrometers offer spectral wavelength ranging from 800 to 2,500 nm. NIR spectrometers use high precision diode array detectors and silicon or lead-sulfide CCDs, which are generally more sensitive. It is used for the compositional, functional, and sensory analysis of ingredients, intermediates, and final products. It also provides information on moisture, protein, fat, and starch content of the sample. These spectrometers are deployed in the food and feed, agricultural, dairy, pharmaceutical, and chemical industries as these industries manufacture customer-specific products and focus on increasing plant production and profitability.

Based on application, the global portable spectrometer market has been segmented into life sciences, materials chemistry, food and agriculture, environmental testing, drug discovery, forensic science, nanotechnology, and others. The life science sub-segment holds the largest share in the application segment and is expected to record a CAGR of 11.99% during the forecast period. Spectrometers are routinely used in most life sciences laboratories for the identification and measurement of organic and inorganic compounds in a vast range of products and processes. For instance, spectroscopy is used as an analytical tool in life science undergraduate and postgraduate teaching labs for studies such as nucleic acid quantification, protein assays, and cell culture density measurements. Furthermore, spectrophotometers are used in life sciences R&D to study impurities in compound and structure elucidation of organic molecules, conduct the quantitative analysis of substances, and determine the molecular weight of substances. Technological advancements in spectrometers such as the development of high-throughput instruments, microvolume-sampling capabilities, and miniaturization and automation in sampling are also likely to boost the growth of this market.

Table Of Content

 

1 EXECUTIVE SUMMARY

 

 

 

2 MARKET INTRODUCTION

 

2.1 OVERVIEW

 

2.2 SCOPE OF THE STUDY

 

2.3 RESEARCH OBJECTIVES

 

2.4 MARKET STRUCTURE

 

3 RESEARCH METHODOLOGY

 

 

 

4 MARKET DYNAMICS

 

4.1 OVERVIEW

 

4.2 DRIVERS

 

4.2.1 RAPIDLY GROWING TREND OF MINIATURIZATION

 

4.2.2 DEMAND FOR REAL-TIME ANALYSIS OF SUBSTANCES

 

4.2.3 DRIVERS IMPACT ANALYSIS

 

4.3 RESTRAINT

 

4.3.1 LOW ACCURACY OF THE PRODUCT IN COMPARISON TO OTHER SIMILAR DEVICES

 

4.4 OPPORTUNITY

 

4.4.1 PORTABLE SPECTROMETERS INTEGRATED WITH AN AUDIO VOICE RECORDER AND ONBOARD GPS FEATURES

 

4.5 CHALLENGE

 

4.5.1 LIMITED TEST RANGE OF SPECTROMETERS

 

4.6 IMPACT OF COVID-19 ON PORTABLE SPECTROMETER MARKET

 

4.6.1 IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS

 

4.6.2 IMPACT ON THE GLOBAL PORTABLE SPECTROMETER MARKET

 

4.6.2.1 IMPACT ON SUPPLY CHAIN

 

4.6.2.2 PRICE VARIATION OF KEY RAW MATERIALS

 

4.6.2.3 PRODUCTION SHUTDOWN

 

4.6.2.4 IMPACT ON MARKET DEMAND

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.