Portable Spectrometer Market Depth Study, Analysis, Key Drivers, Top Players, Trends and Forecast 2025
Market Overview
Global Portable Spectrometer Market is
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.
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