Optical emission spectroscopy is most commonly used in the metallurgy, food, aeronautics & aerospace and pharmaceutical industry verticals. Optical emission spectroscopy facilitates the determination of the elemental compositions of a wide range of materials. Optical emission spectroscopy is incorporated in metal processing industries to study wires, plates, tubes, bolts and rods, among other metallic samples.
Most equipment and service providers in the optical emission spectroscopy market offer specially designed optical emission spectroscopy products integrated with different specifications and features for a vast range of applications that include medical and automotive applications, among others.
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Future Market Insights has segmented the optical emission spectroscopy market by component, source of excitation, vertical and region
Based on the components of optical emission spectroscopy, the global optical emission spectroscopy market is segmented into solutions and services. High investments made by laboratories for the procurement of efficient optical emission spectroscopy equipment are expected to enable the solution component segment to register a higher growth rate as compared to the growth rate expected from the services segment.
Optical emission spectroscopy solutions are also estimated to hold the largest market share of the global optical emission spectroscopy market during the forecast period.
Based on the source of excitation used for optical emission spectrometry, the global optical emission spectrometry market is segmented into arc/spark optical emission spectroscopy and Inductively Coupled Plasma (ICP) optical emission spectroscopy.
ICP optical emission spectroscopy is estimated to register the highest growth rate during the forecast period, which can be attributed to the new applications of the ICP source of excitation segment in different industry verticals. However, arc/spark optical emission spectroscopy is estimated to continue to hold a prominent market share of the global optical emission spectroscopy market throughout the forecast period.
Rapid increase in health issues and complications in disease treatments is creating demand for the accurate, reliable and effective testing of tissues, cells and other biological samples
It is crucial for laboratories to improve their lab operations by utilising advanced laboratory equipment. The equipment utilised by laboratories helps facilitate the precise diagnosis of the ailment and its cause. In addition, research and development projects are funded by governments, private organisations, research centres, national-level laboratories and other industry verticals, such as the pharmaceutical industry.
These heavy investments are boosting the demand for efficient laboratory equipment across different industry verticals as well as laboratories. This macro-economic factor is estimated to propel the global optical emission spectroscopy market.
The manufacturers of optical emission spectroscopy equipment are undertaking constant product and optical emission spectroscopy technology innovations to expand their product portfolio and offer operation-specific products to end-use industry verticals.
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Increasing government funding and research activities, driven by the development of large healthcare infrastructural projects across the globe, is also driving the optical emission spectroscopy market
The governments of major economies, such as Germany, the U.S., Russia, France, China, India, Japan and the UK, among others, are focused on the development of commercial healthcare facilities and the strengthening of their healthcare infrastructure. These countries are also striving to invest large portions of their budget to enhance their optical emission spectroscopy research and development.
In addition, to manage the day-to-day operations and challenges of laboratories, several countries and research organisations around the world are now focusing on enhancing and expanding their budgeting process. These factors are expected to boost the adoption of optical emission spectroscopy equipment in the healthcare and medical market.
The optical emission spectroscopy market in Latin America is projected to showcase the highest growth potential
Among all the geographical markets, the optical emission spectroscopy market in Asia Pacific excluding Japan (APEJ) is estimated to hold a prominent share of the global optical emission spectroscopy market by the end of the forecast period. The high adoption of optical emission spectroscopy equipment for the purpose of process enhancement at metallurgy laboratories is estimated to enable the regional market to record a significant share by the end of the forecast period.
The availability of a wide variety of optical emission spectroscopy equipment and a large number of service providers in North America and Europe is estimated to drive the optical emission spectroscopy market in both these regions. The optical emission spectroscopy market in Latin America is estimated to register a high growth rate during the forecast period, and is projected to witness the widespread deployment of advanced laboratory and industrial automation-enabling spectroscopy equipment.
Macro-economic factors, such as worldwide laboratory automation industry analysis and the global research & development expenditure of the top 15 countries, are considered in the optical emission spectroscopy market study.
Some of leading market players profiled in the optical emission spectroscopy market study are Agilent Technologies, Inc.; AMETEK, Inc.; Bruker Corp.; Danaher Corp.; Hitachi High-Technologies Corp.; JEOL Ltd.; LECO Corporation; PerkinElmer, Inc.; Rigaku Corporation; Sartorius AG; Stellarnet Inc.; Shimadzu Corp.; Thermo Fisher Scientific Inc.; Waters Corporation and Yokogawa Electric Corporation, among others.
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Key Segments
With regards to component, the global optical emission spectroscopy market has been segmented into the following:
Solutions
Services
By source of excitation, the global optical emission spectroscopy market has been segmented into the following:
In terms of vertical, the global optical emission spectroscopy market has been segmented into the following:
Metallurgy
Food
Aeronautics and Aerospace
Pharmaceutical
Others
Key Regions
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
APEJ
China
India
Malaysia
Singapore
Australia
Rest of APEJ
Japan
MEA
GCC Countries
Israel
South Africa
Rest of MEA
Frequently Asked Questions
The optical emission spectroscopy market is likely to secure a CAGR of 5.0% through 2032.
The optical emission spectroscopy market size is estimated to cross US$ 1125.32 Million by 2032.
The optical emission spectroscopy market is likely to record a value of US$ 690.85 Million in 2022.
Asia Pacific is likely to lead the optical emission spectroscopy market.
Table of Content
1. Global Optical Emission Spectroscopy Market - Executive Summary2. Global Optical Emission Spectroscopy Market Overview
2.1. Introduction
2.1.1. Global Optical Emission Spectroscopy Market Taxonomy
2.1.2. Global Optical Emission Spectroscopy Market Definition
2.2. Global Optical Emission Spectroscopy Market Size (US$ Mn) and Forecast, 2013-2027
2.2.1. Global Optical Emission Spectroscopy Market Y-o-Y Growth
2.3. Global Optical Emission Spectroscopy Market Dynamics
2.3.1. Drivers
2.3.2. Challenges
2.3.3. Trends
2.4. Supply Chain
2.5. Worldwide Laboratory Automation Industry Analysis (US$ Bn)
2.6. Cost Structure
2.7. Pricing Analysis
2.8. Clinical & Medical Laboratory Market Insights
2.9. Value Chain Analysis
2.10. Key Participants Market Presence (Intensity Map) By Region
3. Global Optical Emission Spectroscopy Market Analysis and Forecast 2013-2027
3.1. Global Optical Emission Spectroscopy Market Size and Forecast By Component, 2013-2027
3.1.1. Solutions Market Size and Forecast, 2013-2027
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Services Market Size and Forecast, 2013-2027
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.2. Global Optical Emission Spectroscopy Market Size and Forecast By Source of Excitation, 2013-2027
3.2.1. Arc/Spark Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
3.2.1.1. Revenue (US$ Mn) Comparison, By Region
3.2.1.2. Market Share Comparison, By Region
3.2.1.3. Y-o-Y growth Comparison, By Region
3.2.2. Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
3.2.2.1. Revenue (US$ Mn) Comparison, By Region
3.2.2.2. Market Share Comparison, By Region
3.2.2.3. Y-o-Y growth Comparison, By Region
3.3. Global Optical Emission Spectroscopy Market Size and Forecast By Vertical, 2013-2027
3.3.1. Metallurgy Market Size and Forecast, 2013-2027
3.3.1.1. Revenue (US$ Mn) Comparison, By Region
3.3.1.2. Market Share Comparison, By Region
3.3.1.3. Y-o-Y growth Comparison, By Region
3.3.2. Food Market Size and Forecast, 2013-2027
3.3.2.1. Revenue (US$ Mn) Comparison, By Region
3.3.2.2. Market Share Comparison, By Region
3.3.2.3. Y-o-Y growth Comparison, By Region
3.3.3. Aeronautics and Aerospace Market Size and Forecast, 2013-2027
3.3.3.1. Revenue (US$ Mn) Comparison, By Region
3.3.3.2. Market Share Comparison, By Region
3.3.3.3. Y-o-Y growth Comparison, By Region
3.3.4. Pharmaceutical Market Size and Forecast, 2013-2027
3.3.4.1. Revenue (US$ Mn) Comparison, By Region
3.3.4.2. Market Share Comparison, By Region
3.3.4.3. Y-o-Y growth Comparison, By Region
3.3.5. Others Market Size and Forecast, 2013-2027
3.3.5.1. Revenue (US$ Mn) Comparison, By Region
3.3.5.2. Market Share Comparison, By Region
3.3.5.3. Y-o-Y growth Comparison, By Region
4. North America Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
4.1. Revenue (US$ Mn) Comparison, By Country
4.2. Revenue (US$ Mn) Comparison, By Component
4.3. Revenue (US$ Mn) Comparison, By Source of Excitation
4.4. Revenue (US$ Mn) Comparison, By Vertical
5. Latin America Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
5.1. Revenue (US$ Mn) Comparison, By Country
5.2. Revenue (US$ Mn) Comparison, By Component
5.3. Revenue (US$ Mn) Comparison, By Source of Excitation
5.4. Revenue (US$ Mn) Comparison, By Vertical
6. Europe Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
6.1. Revenue (US$ Mn) Comparison, By Country
6.2. Revenue (US$ Mn) Comparison, By Component
6.3. Revenue (US$ Mn) Comparison, By Source of Excitation
6.4. Revenue (US$ Mn) Comparison, By Vertical
7. Japan Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
7.1. Revenue (US$ Mn) Comparison, By Country
7.2. Revenue (US$ Mn) Comparison, By Component
7.3. Revenue (US$ Mn) Comparison, By Source of Excitation
7.4. Revenue (US$ Mn) Comparison, By Vertical
8. APEJ Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
8.1. Revenue (US$ Mn) Comparison, By Country
8.2. Revenue (US$ Mn) Comparison, By Component
8.3. Revenue (US$ Mn) Comparison, By Source of Excitation
8.4. Revenue (US$ Mn) Comparison, By Vertical
9. MEA Optical Emission Spectroscopy Market Size and Forecast, 2013-2027
9.1. Revenue (US$ Mn) Comparison, By Country
9.2. Revenue (US$ Mn) Comparison, By Component
9.3. Revenue (US$ Mn) Comparison, By Source of Excitation
9.4. Revenue (US$ Mn) Comparison, By Vertical
10. Competitive Landscape
10.1. Tier-wise Market Analysis
10.2. Market Share Analysis
10.3. Company Profiles
10.3.1. Agilent Technologies
10.3.2. Thermo Fisher Scientific Inc
10.3.3. PerkinElmer, Inc.
10.3.4. Bruker Corp.
10.3.5. Hitachi High-Technologies Corp.
10.3.6. Shimadzu Corp.
10.3.7. Danaher Corp.
10.3.8. JEOL Ltd.
10.3.9. Rigaku Corporation
10.3.10. Sartorius AG
10.3.11. Waters Corporation
10.3.12. Yokogawa Electric Corporation
10.3.13. AMETEK, Inc.
10.3.14. LECO Corporation
10.3.15. Stellarnet Inc.
11. Disclaimer
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List of Tables
Global Optical Emission Spectroscopy Market Value (US$ Mn), 2013-2018
Global Optical Emission Spectroscopy Market Value (US$ Mn), 2019-2027
Global Optical Emission Spectroscopy Market Value (US$ Mn) and Y-o-Y, 2018-2027
Global Solutions Segment Value (US$ Mn), By Region 2013-2018
Global Solutions Segment Value (US$ Mn), By Region 2019-2027
Global Solutions Segment Market Share, By Region 2013-2018
Global Solutions Segment Market Share, By Region 2019-2027
Global Solutions Segment Y-o-Y, By Region 2018-2027
Global Services Segment Value (US$ Mn), By Region 2013-2018
Global Services Segment Value (US$ Mn), By Region 2019-2027
Global Services Segment Market Share, By Region 2013-2018
Global Services Segment Market Share, By Region 2019-2027
Global Services Segment Y-o-Y, By Region 2018-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2013-2018
Global Arc/Spark Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2019-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Market Share, By Region 2013-2018
Global Arc/Spark Optical Emission Spectroscopy Segment Market Share, By Region 2019-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Y-o-Y, By Region 2018-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2013-2018
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2019-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Market Share, By Region 2013-2018
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Market Share, By Region 2019-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Y-o-Y, By Region 2018-2027
Global Metallurgy Segment Value (US$ Mn), By Region 2013-2018
Global Metallurgy Segment Value (US$ Mn), By Region 2019-2027
Global Metallurgy Segment Market Share, By Region 2013-2018
Global Metallurgy Segment Market Share, By Region 2019-2027
Global Metallurgy Segment Y-o-Y, By Region 2018-2027
Global Food Segment Value (US$ Mn), By Region 2013-2018
Global Food Segment Value (US$ Mn), By Region 2019-2027
Global Food Segment Market Share, By Region 2013-2018
Global Food Segment Market Share, By Region 2019-2027
Global Food Segment Y-o-Y, By Region 2018-2027
Global Aeronautics and Aerospace Segment Value (US$ Mn), By Region 2013-2018
Global Aeronautics and Aerospace Segment Value (US$ Mn), By Region 2019-2027
Global Aeronautics and Aerospace Segment Market Share, By Region 2013-2018
Global Aeronautics and Aerospace Segment Market Share, By Region 2019-2027
Global Aeronautics and Aerospace Segment Y-o-Y, By Region 2018-2027
Global Pharmaceutical Segment Value (US$ Mn), By Region 2013-2018
Global Pharmaceutical Segment Value (US$ Mn), By Region 2019-2027
Global Pharmaceutical Segment Market Share, By Region 2013-2018
Global Pharmaceutical Segment Market Share, By Region 2019-2027
Global Pharmaceutical Segment Y-o-Y, By Region 2018-2027
Global Others Segment Value (US$ Mn), By Region 2013-2018
Global Others Segment Value (US$ Mn), By Region 2019-2027
Global Others Segment Market Share, By Region 2013-2018
Global Others Segment Market Share, By Region 2019-2027
Global Others Segment Y-o-Y, By Region 2018-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
