USD 676.93 million
Optical Emission Spectroscopy Market Size, Share, Growth Analysis, By Offering (Equipment, Services), By Form Factor (Benchtop, Portable), By Excitation Source, By Application, By End User Industry, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15F2181 |
Region:
Global |
Published Date: December, 2024
Pages:
178
|Tables:
120
|Figures:
74
Optical Emission Spectroscopy Market Insights
Optical Emission Spectroscopy Market size was valued at USD 721.34 Million in 2023 and is poised to grow from USD 768.66 Million in 2024 to USD 1277.88 Million by 2032, growing at a CAGR of 6.56% during the forecast period (2025-2032).
The implementation of stringent safety regulations by governments and quality control requirements across the globe acts as one of the major factors driving the growth of global optical emission spectroscopy market. The rise in the adoption of optical emission spectroscopy techniques because of its easy-to-use instrumentation, and development in technological and improved functionalities accelerate the market growth. The surge in inclination towards outsourcing analytical requirements to third-party service providers, and rise in demand of OES analysis in scrap recycling and metals making industries including foundries, steel- copper and aluminum plants further influence the market. Additionally, expansion of end use industry, incorporation of security mechanisms, rapid infrastructural developments, emergence of industry 4.0, and rapid industrialization positively affect the optical emission spectroscopy market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Solid-state detector
Fastest Growth
Photomultiplier tube
Growth Rate
6.6% CAGR
Global Optical Emission Spectroscopy Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Optical Emission Spectroscopy Market Segmental Analysis
Global Optical Emission Spectroscopy Market is segmented by offering, form factor, excitation source, application, end user industry and region. Based on offering, the market is segmented into equipment (arc, inductively coupled plasma OES) and services (maintenance services, calibration services, training services). Based on form factor, the market is segmented into benchtop and portable. Based on excitation source, the market is segmented into arc and inductively coupled plasma (ICP). Based on application, the market is segmented into environmental analysis (water analysis, soil analysis), food & beverage testing, metallurgy (steel industry, aluminum industry), petrochemical, pharmaceutical & life sciences, semiconductor & electronics and mining. Based on end user industry, the market is segmented into automotive, aerospace & defense, energy & power, healthcare and agriculture. based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Detector
The solid-state detector segment is expected to hold the largest market share by 2030. Its growth is driven by the ability to simultaneously scan every wavelength of the electromagnetic spectrum and detect ultraviolet Alpha emitter and/or fissile nuclides visible in many areas of materials. Also, conventional methods can analyze very low concentrations of target materials and are practical and very sensitive.
The photomultiplier tube segment is expected to grow at a rapid pace at a CAGR during the forecast period 2024-2031. Photomultiplier tubes, also known as electron multiplier tubes, are used to measure low-frequency light by multiplying electrons by raising them secondary. It can be used in astronomy, telescope camera and nuclear research to detect and quantify particle brightness to measure the luminosity of faint stars.
Analysis by Excitation Source
The plasma segment is expected to grow at a rapid pace at a CAGR during the forecast period 2024-2031. An analytical technique known as inductively coupled plasma optical emission spectroscopy (ICP-OES) is used to determine the presence of specific elements in a sample. These are the key advantages expected to drive the growth of the inductively coupled plasma segment in the global optical emission spectroscopy market during the forecast period.
The spark segment is expected to grow at a rapid pace at a CAGR during the forecast period 2024-2031. One of the best methods for testing metals is optical spark emission spectrometry. Many manufacturers and factories use devices based on flamethrowers. Control Systems Abzar Novin is a company with the necessary expertise in analytical equipment to develop the first indoor optical emissions analyzer. To use this device, the electrode and the metal sample must be electrically heated. The heated atoms are in a high-energy state called a discharge plasma. Sparks have distinctive voltage and frequency characteristics that ignite different samples.
Global Optical Emission Spectroscopy Market By Detector
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Optical Emission Spectroscopy Market Regional Insights
Asia-Pacific dominates the global optical emission spectroscopy market owing to the high adoption of optical emission spectroscopy equipment aimed at advancing the system in metallurgical laboratories in the region. Asia Pacific is witnessing rapid industrialization and urbanization, especially in countries such as China, India and Japan, increasing the demand for OES solutions in manufacturing and construction. The region's growing automotive electronics and metal fabrication industries present significant opportunities for market expansion.
North America, especially the United States, is a major hub for technological innovation and R&D activity in the optical emission spectroscopy market. Activities include leading manufacturers of spectroscopy instruments, research institutes and learning centers that foster developments in OES technology. North America boasts a strong industrial base in automotive, aerospace, electronics, steel, etc. Strong regional regulations and build quality of manufacturing and emphasis on safety continues to contribute to the market growth driving demand for OES solutions for manufacturing analysis and quality products.
Global Optical Emission Spectroscopy Market By Region
- Largest
- Fastest
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Optical Emission Spectroscopy Market Dynamics
Optical Emission Spectroscopy Market Drivers
Increasing Productivity and Technology
- Global productivity and technological advances are driving the demand for efficient analytical methods such as optical emission spectroscopy for quality assurance and analysis of materials.
Increased Priority for Quality Assurance
- Increased emphasis on quality and performance in areas such as metal and alloy manufacturing create the need for sophisticated inspection techniques such as OES increases the accuracy of inventory analysis.
Extensive Use of the Pharmaceutical Industry
- Laboratory efficiency can be improved by using improved laboratory equipment as it is necessary for laboratories. Instruments used in laboratories facilitate accurate diagnosis of disease and its cause. In addition, R&D activities funded by governments, research centers, private organizations, and others are increasing the demand for high-performance laboratories that have led to the application of optical emission spectroscopy in the medical field has increased.
Optical Emission Spectroscopy Market Restraints
High Cost
- High cost associated with OES devices and lack of skilled manpower to handle OES devices may restrain the market growth. Furthermore, the growing demand for multielement analysis, increasing government funding and research activities are expected to drive the global optical emission spectroscopy market growth.
Functional Complexity
- Optical emission spectroscopy systems often require specialized training and expertise to properly operate and interpret experimental results The complexities of sample preparation, instrumentation, and data analysis can challenge end users is not challenged, especially by those with limited experience with spectroscopic techniques.
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Optical Emission Spectroscopy Market Competitive Landscape
The competitive environment of the Global Optical Emission Spectroscopy Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Thermo Fisher Scientific is a leading player in the global optical emission spectroscopy market. The company provides a comprehensive range of OES tools, software and accessories for elemental analysis in a variety of industries. Thermo Fisher's strong global presence, broad product range, and focus on technological innovation also contribute to its competitive position in the market. Hitachi High-Tech Analytical Sciences is a leading provider of OES solutions for material analysis and quality control. The company's advanced OES equipment, including stationery and mobile systems, meets the needs of industries such as metallurgy, mining and construction.
Top Player’s Company Profiles
- Thermo Fisher Scientific Inc.
- Agilent Technologies Inc.
- PerkinElmer Inc.
- Horiba Ltd.
- Hitachi High-Tech Corporation
- Shimadzu Corporation
- Bruker Corporation
- Spectro Analytical Instruments GmbH
- AMETEK Inc.
- GBC Scientific Equipment
- Teledyne Leeman Labs
- Analytik Jena AG
- Rigaku Corporation
- Skyray Instrument Inc.
- Beijing Beifen-Ruili Analytical Instrument (BFRL)
- Spectro Scientific
- Oxford Instruments plc
- Malvern Panalytical Ltd.
- Elementar Analysensysteme GmbH
- Leco Corporation
Recent Developments
- In 2022, Shimadzu recently announced the PDA-8000, a new optical emission spectrometer. It has a discharge energy static excitation unit and a high-resolution monochromator that aids in high-sensitivity quantitative analysis of various complex metals such as copper, iron, and steel. Furthermore, it is also an energy-saving model which helps in reducing energy consumption hence enhancing the global optical emission spectroscopy market growth.
- In September 2021, Finisar introduced its WaveAnalyzer™ 1500S/L High Resolution Optical Spectrum Analyzer designed to assess the spectral characteristics of optical channels in the L-band of the telecommunications spectrum. This tool is designed for researchers and engineers focused on optical communication systems operating in the L-band and for establishing test applications on the production floor.
- In September 2021, Like the C-band version of the WaveAnalyzer 1500S, the new L-band unit also has a built-in web server that includes a graphical user interface (GUI) and an application programming interface (API) Additional analysis functions Optical signal to noise ratio (OSNR) measurements.
Optical Emission Spectroscopy Key Market Trends
- Optimal Performance and Accuracy for Different Sample Types: The industries of steel, food, aircraft & aircraft, and pharmaceuticals are the most common applications of optical emission spectroscopy. The composition of different materials is facilitated by optical emission spectroscopy. Optical emission spectroscopy is used to analyze various metal objects such as wires, plates, tubes, bolts and rods in metal processing. Most of the equipment and services offered in the global optical emission spectroscopy market use specially designed optical emission spectroscopy products offering a range of combinations and specifications and features.
Optical Emission Spectroscopy Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global optical emission spectroscopy market is driven by increasing demand for industrial applications, advances in analytical technology, stringent regulatory standards, and increased attention to product quality but high initial investment cost, operational challenges, as well as competition from other research methodologies pose challenges to market growth.
North America and Asia Pacific play a key role in the continued growth of the market, with North America acting as a technological innovation hub and Asia Pacific witnessing rapid technological development and high R&D investment in nonetheless, the optical emission spectroscopy market is poised for perpetual expansion, driven by continuous technological advancements, joint ventures, and increasing demand for accurate and reliable elemental analysis solutions so in various industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 676.93 million |
| Market size value in 2031 | USD 1204.51 million |
| Growth Rate | 6.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Optical Emission Spectroscopy Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Optical Emission Spectroscopy Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Optical Emission Spectroscopy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Optical Emission Spectroscopy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Optical Emission Spectroscopy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Optical Emission Spectroscopy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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