This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Spectroradiometers Market

Market Insights on Spectroradiometers covering sales outlook, demand forecast & up-to-date key trends

Spectroradiometers Market By Product Type (Portable, Bench-top), Application (LED & OLED Measurement, SSL Measurement, Display Measurement, Transmission and Reflection Measurement), End Use (Spectroradiometry & Photometry, Field Spectrometry, Lab Spectrometry) & Region - Forecast 2022-2032

Spectroradiometers Market Overview

The global spectroradiometers demand is anticipated to be valued at around US$ 1.2 Million in 2022. With growing adoption of spectroradiometers across diverse end use verticals, the overall market is forecast to grow at a CAGR of around 4.7% between 2022 and 2032, reaching over US$ 1.7 Billion by 2032.

Report Attribute

Details

Spectroradiometers Market Expected Market Value (2022)

US$ 1.2 Billion

Spectroradiometers Market Anticipated Forecast Value (2032)

US$ 1.7 Billion

Spectroradiometers Market Projected Growth Rate (2022-2032)

4.7% CAGR

Spectroradiometers are light measurement devices that have the ability to measure both the wavelength and amplitude of the light emitted from a source. In other words, we can say spectroradiometers are devices intended to measure the spectral effect distribution of radiation source. By using these devices, various quantities of light such as photometric, colorimetric, and radiometric, and quantities, can be determined to calibrate, characterize, and measure, light sources for different applications.

Over the last few decades, spectroradiometers have gained immense traction across various end use verticals due to their various benefits. They are being increasingly used in a multitude of applications including LED measurement, CFL testing, solar UV and UVB radiation, display measurement and calibration etc.

Thanks to the high accuracy of spectroradiometers they also find their application as reference instruments in research and development laboratories.

One of the biggest advantages of using spectroradiometers is that they are completely standalone systems that work independently without the need to connect with a PC. This makes them ideal light measuring equipment for usage across diverse end use verticals.

Increasing demand from end users and rising government spending in environmental research activities will continue to generate sales prospects for spectroradiometers during the forecast period.

Which are Some Prominent Drivers Spearheading Spectroradiometers Market Growth?

Rising demand for high accuracy in spectroscopy, increase in research and development activities, and growing preference for spectroradiometers over other light measuring alternatives are some of the major factors driving the global spectroradiometers market.

Spectroradiometers have become ideal light measurement solutions on account of their higher accuracy, stability, and calibration. They are specifically designed to measure with precision radiance, chromaticity and luminance. They can be used for both continuous and instantaneous monitoring purposes.

These measurement devices are particularly ideal for usage in fields where accurate measurements need to be taken under real world conditions. Owing to high dynamic range and better stability of spectroradiometers, they can meet the specified requirements and accurate absolute calibration.

Continuous innovation in spectroradiometers is emerging as a key factor in fueling their adoption across various end use verticals. Leading players are offering a wide range of spectroradiometers with various technological advancements and better calibration.

Similarly, increasing adoption of spectroradiometers for environmental research applications is providing a strong thrust to market growth. Spectroradiometers are being extensively employed in environmental research applications such as UV light radiometry, and plant source structure analysis. Rising investments in environmental research facilities, particularly in emerging economies, will therefore boost the sales of spectroradiometers in future.

Customize this Report

Let us know your requirement to get
100% FREE customization

What Factors are Restraining the Growth of Spectroradiometers Industry?

Although spectroradiometers have numerous end uses, there are numerous obstacles likely to pose a challenge to market growth. Some of these factors are the lack of research and development facilities across various regions and availability of alternative light measurement products.

Why are the Sales of Spectroradiometers Rising Across North America?

As per FMI, North America was the largest market for spectroradiometers in 2022 and is projected to continue its dominance over the forecast period. Growth in the market is primarily driven by rising adoption of wireless technology, increasing expenditure on research and development in the region, and exponential growth of electronics and surveying industry.

Similarly, rising demand for spectroradiometers from industry verticals across countries like United States and Canada coupled with increasing investments in environmental research activities is emerging as a key factor behind the expansion of North American Market.

Research organizations and laboratories like the National Renewable Energy Laboratory Solar Radiation Research Laboratories have been using spectroradiometers in their experiments for a very long time now. Adoption of these devices significantly enhances the accuracy of the research results.

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

What is the Growth Projection for Europe Market?

Spurred by increasing research and development activities, growing penetration of innovative technologies, and presence of leading market players, the Europe spectroradiometers market holds substantial share of the global Spectro diameters market and is poised to grow at a steady pace during the forecast period.

Over the last few years, governments of major economies in Europe such as Germany, France, U.K., and others have shifted their focus towards developing and expanding commercial environmental research facilities and strengthening their research industry. This is positively impacting the growth of spectroradiometers market in the region.

Moreover, increasing usage of display measurement and calibration tools in the equipment manufacturing sector and several other industries is anticipated to create lucrative growth prospects within the spectroradiometers market in future.

Market Competition

Some of the key participants present in the global spectroradiometers market include ABB, HORIBA, Ltd, Topcon Technohouse Corporation, Hitachi High-Tech Analytical Science, Apogee Instruments, Inc., Delta Ohm, EKO Instruments, Thermo Fisher Scientific Inc., Instrument Systems GmbH, and International Light Technologies Inc.

These market players are continuously focusing on upgrading their products by integrating novel technologies that can assist in measuring radiance in multiple bands with higher accuracy. Besides this they have adopted growth strategies such as partnerships, collaborations, acquisitions, and strengthening of distribution channels to expand their global footprint.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 4.7 % from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Application
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • ABB, HORIBA, Ltd
  • Topcon Technohouse Corporation
  • Hitachi High-Tech Analytical Science
  • Apogee Instruments, Inc.
  • Delta Ohm
  • EKO Instruments
  • Thermo Fisher Scientific Inc.
  • Instrument Systems GmbH
  • International Light Technologies Inc.

Customization

Available Upon Request

Key Segments Profiled in the Spectroradiometers Industry Survey

By Modularity:

  • Portable
  • Bench-top

By Application:

  • LED & OLED Measurement
  • SSL Measurement
  • Display Measurement
  • Transmission and Reflection Measurement

By End Use:

  • Spectroradiometry & Photometry
  • Field Spectrometry
  • Lab Spectrometry

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global spectroradiometers market to expand at around 4.7% value CAGR by 2032

As per FMI, North America remains the most lucrative market for spectroradiometers in the world.

ABB, HORIBA, Ltd, Topcon Technohouse Corporation, Hitachi High-Tech Analytical Science, Apogee Instruments, Inc., Delta Ohm, and EKO Instruments are some prominent spectroradiometers manufacturers

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Testing Equipment Insights

View Reports

Recommendations

Testing Equipment

Megohmmeters Market

Published : January 2019

Testing Equipment

Conductivity Meters Market

Published : December 2018

Testing Equipment

Viscometers Market

Published : October 2021

Testing Equipment

Refractometers Market

Published : December 2018

Google translate

Spectroradiometers Market