Portable Spectrophotometer Market By Type (Tungsten Lamp, and Hydrogen Lamp), By Application (Medical Institution, Scientific Research, Laboratory, Biological Detection, and Others), and By Region - Trends, Analysis and Forecast till 2032

Report Code: PMI259819 | Publish Date: December 2023 | No. of Pages: 178

Global Portable Spectrophotometer Market By Overview

Portable Spectrophotometer is a device which helps operator to traceably and repeatedly measure the color of material or product in a consistent way. It has become an important tool for capturing color data on various surfaces in lab, on printing press, on loading dock and others.

Global Portable Spectrophotometer Market By Drivers & Restraints

Drivers

Restrains

Growing applications in material chemistry, life sciences, agriculture, food & beverage, forensics, environmental testing, drug development, and others

Limited number of wavelengths restricting test and samples performed by the machine

Technological advancement in spectrometers

More expensive

Presence of major players and growing strategic acquisitions among players

 
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Global Portable Spectrophotometer Market By Segmentations & Regional Insights

Portable Spectrophotometer Market Segmentation:

The target market is segmented based on Type, Application, and Region.

Type Insight

On the basis of Type, the target market is segmented into Tungsten Lamp, and Hydrogen Lamp.

Application Insight

On the basis of Application, the target market is segmented into Medical Institution, Scientific Research, Laboratory, Biological Detection, and Others.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period.

  • Continuous technological development.
  • Presence of major players and new launched product
  • Increased investment by government in research & development activities in pharmaceutical & biomedical industries.
  • Stringent government regulations in production of pharmaceuticals.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period.

  • Improved healthcare infrastructure.
  • Adoption of innovative technology.
  • Growing investment in research & development activities.
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Recent Development:

             The New Launched Product News

  • In July 2023, Bruker Optics launched new portable “MOBILE-IR II” spectrometer. The new battery-powered Fourier Transform Infrared (FT-IR) spectrometer helps in delivering the high spectral performance of laboratory benchtop system and also enable the users across globe to bring advanced FT-IR applications to the field.
  • In May 2021, Nix Sensor Ltd., launched world’s first durable & portable 31 channel spectrophotometer. The new launched product is fully-featured and thus, revolutionize the paints & coatings industries.
  • In February 2019, Konica Minolta Inc., launched new “CM-26dG” series of portable spectrophotometers. The new launched product is designed for high-precision color measurement, where CM-26Dg, CM-25d, CM-26d, are new models which are introduced as successors to CM-2500d and CM-2600d used by customers in IT and automobile industries.
  • In May 2015, Datacolor launched new “CHECK3” portable spectrophotometer. The new launched product is redesigned for quality control and formulation needs of color professionals in coatings, paints, textile and plastic industries.

Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Type - Tungsten Lamp, and Hydrogen Lamp

By Application - Medical Institution, Scientific Research, Laboratory, Biological Detection, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.

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Global Portable Spectrophotometer Market By Competitive Landscape & Key Players

The key players operating the target market includes, Thermo Fisher Scientific, Spectro, Skyray Instrument, Ocean optics, OTO Photonics, Everfine, Agilent Technologies, Avanats, B&W Tek, Focused Photonics Inc (FPI), and Others.

FAQs

The growing integration of portable spectrometer with smartphones and advancement in technology is expected to boost the demand for market growth.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Thermo Fisher Scientific, Spectro, Skyray Instrument, Ocean optics, OTO Photonics, Everfine, Agilent Technologies, Avanats, B&W Tek, Focused Photonics Inc (FPI), and Others.