Description
Global Portable Spectrometer Market Research Report—Forecast till 2025
Market Snapshot
The Global Portable Spectrometer Market is accounted to register the highest CAGR of 10.29% during the review period. These spectrometers are applicable in-field analysis of samples, identifying raw materials, and forensic analysis. Portable spectrometers integrated with audio recorder and GPS are expected to create many opportunities for the manufacturers during the forecast.
Generally, a portable spectrometer consists of an integrated internal light source, internal white reference for hands-free optimization and calibration, batteries, automated internal wavelength validation, an integrated computer, and an LCD. The quality of the spectrometer is defined by its suitability for specific applications, its software and interface, integration to a computer or mobile device, spectral range, accuracy, etc.
The Global Portable Spectrometer Market has reached a market value of USD 1,548.6 Million in 2019 and it is projected to register the highest market value by 2025. The market growth is attributed to the technological advancements in spectroscopy, economic and portability, and the evolution of mini spectrometer.
The latest spectrometer is compatible with smartphones and tablets and can be used for testing of displays, LED, and other light sources, traceability, and counterfeit, and characterizing optical filters, crystals, and gems, among other applications. The GPS integrated into these devices can provide accurate co-ordinates for the measurement of data.
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Market Segmentation
The global portable spectrometer market has been categorized based on Type and Application.
Based on the type segment the global market has been classified into Raman Spectrometer, NIR, FTIR, and Others. In terms of application type, the market has been categorized as Life Sciences, Material Chemistry, Food and Agriculture, Environmental Testing, Forensics, Nanotechnology, Drug Discovery, and Others.
Regional Analysis
Geographically the global spectrometer market is analyzed across four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World.
North America is expected to contribute to the market owing to the presence of key manufacturers in the region and a 36.45% share in 2019. The region is expected to lead to register a CAGR of 8.91% during the forecast period.
However, one of the major factors driving the market growth is Agilent Technologies, Inc., research laboratories, and the strong food industry focusing to develop and use various types of spectrometers for different applications in the region. Besides, Agilent Technologies, Inc. launched a new product line of Raman spectrometers named Agilent Vaya Raman in 2020.
Further, Asia-Pacific is anticipated to exhibit the rapidly expanding market during the review period at a significant CAGR of 13.08% owing to the rising expansions of medical science in the region. Moreover, the regional market growth is propelled by the rising expenditure in the healthcare sector in recent years.
Major Players
The prominent market 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.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
