Laser-induced Breakdown Spectroscopy Market, By Product (Handheld and Desktop), By End User (Academic and Research Institutes, Pharmaceuticals and Biotechnology Companies and Others), By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
REPORT HIGHLIGHT
Laser-induced Breakdown Spectroscopy Market size was valued at USD 380.9 Million in 2022, expanding at a CAGR of 7.3% from 2023 to 2030.
A quick, portable, in situ atomic spectroscopy technique called laser-induced breakdown spectroscopy (LIBS) is used to detect the concentration of main and trace elements in solid, liquid, or air samples as well as to capture the chemical composition (fingerprint) of a substance.
Laser-induced Breakdown Spectroscopy Market- Market Dynamics
- The growing pharmaceutical sector drives the market growth
The growing pharmaceutical industry is expected to drive market growth during the forecast period. For instance, according to Invest India, with almost 200 nations receiving Indian pharmaceutical exports, India is a significant pharmaceutical exporter. India meets nearly 50% of Africa\'s need for generic drugs, over 40% of the US\'s demand for generics, and about 25% of the UK\'s total demand for drugs. India is a major source of the DPT, BCG, and measles vaccinations and accounts for over 60% of the world\'s vaccine demand. According to the WHO\'s recommended vaccination schedule, 70% of the organization\'s vaccinations come from India. Drug and pharmaceutical exports totaled $24.6 billion in 2021–2022 compared to $24.44 billion in 2020–2020. From $11.6 billion to $24.6 billion, the Indian pharmaceutical business saw exponential growth between 2014 and 22. Thereby, driving market growth.
Laser-induced Breakdown Spectroscopy Market- Key Insights
- As per the analysis shared by our research analyst, the global Laser-induced Breakdown Spectroscopy market is estimated to grow annually at a CAGR of around 7.3% over the forecast period (2023-2030)
- The Laser-induced Breakdown Spectroscopy industry is projected to grow at a significant rate owing to the growing demand from various end-use industries including pharmaceutical, food and others
- Based on the product, the handheld segment is expected to capture a significant revenue share over the forecast period
- Based on the end user, the pharmaceuticals and biotechnology companies segment is expected to dominate the market over the projected period
- Based on region, North America is expected to dominate the market over the projected period
Laser-induced Breakdown Spectroscopy Market- Segmentation Analysis:
The Global Laser-induced Breakdown Spectroscopy Market is segmented based on Product, End User, and Region.
Based on product, the global Laser-induced Breakdown Spectroscopy market is segmented into handheld and desktop. The handheld segment is expected to capture a significant revenue share over the forecast period. These are useful and affordable tools that provide accessibility to a variety of consumers. Handheld devices\' portability and user-friendliness increased demand for laser-induced breakdown spectroscopy technology. Handheld LIBS devices can be useful for smaller labs, field researchers, and enterprises that traditionally had restricted access to elemental analysis capabilities. Thereby, driving the market growth during the forecast period.
Based on the end user, the Laser-induced Breakdown Spectroscopy industry is segmented into academic and research institutes, pharmaceuticals and biotechnology companies and others. The pharmaceuticals and biotechnology companies segment is expected to dominate the market over the projected period. These businesses follow stringent guidelines and specifications to guarantee the quality and effectiveness of their products. For quality control testing, laser-induced breakdown spectroscopy technology provides a non-destructive and extremely accurate way of examination. Thus, this is expected to drive the segment expansion.
Laser-induced Breakdown Spectroscopy Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. The growth in the region is attributed to several factors including a robust research and academic environment, several important market participants, ongoing technical advancements, mostly in the United States, and an established regulatory framework. The development of the market is also being aided by the presence of several academic and research institutes in the area that are trying to enhance laser-induced breakdown spectroscopy technology. On the other hand, the Asia Pacific is expected to grow at the fastest rate during the projected period. The region\'s market is expanding as a result of rapid industrialization, rising quality control and process optimization demand, and government programs promoting technical improvements. Additionally, the market is expanding as a result of the existence of both domestic and foreign manufacturers who offer a broad range of laser-induced breakdown spectroscopy systems and solutions to cater to various sectors.
Laser-induced Breakdown Spectroscopy Market- Competitive Landscape:
The leading market participants in laser-induced breakdown spectroscopy concentrate on a variety of growth methods, including the introduction of new products, joint ventures, partnerships, geographic expansion, and mergers and acquisitions. The key market players are Applied Spectra, TSI Incorporated, SciAps, Inc., Rigaku, Bruker Corporation, Hitachi High-Tech Analytical Science, Princeton Instruments, Avantes, B&W Tek, Thermo Fisher Scientific Inc. and SECOPTA Analytics GmbH.
Recent Developments:
- In June 2023, dynamic laser-induced breakdown spectroscopy (LIBS) is a new technology offered by TOMRA Recycling Sorting, a leading global producer of sensor-based sorting technology. AUTOSORTTM PULSE, developed for high throughput sorting of aluminum alloys, sets new benchmarks for the sector and opens the path for environmentally friendly aluminum.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL LASER-INDUCED BREAKDOWN SPECTROSCOPY MARKET KEY PLAYERS
- Applied Spectra
- TSI Incorporated
- SciAps, Inc.
- Rigaku, Bruker Corporation
- Hitachi High-Tech Analytical Science
- Princeton Instruments
- Avantes
- B&W Tek
- Thermo Fisher Scientific Inc.
- SECOPTA analytics GmbH
GLOBAL LASER-INDUCED BREAKDOWN SPECTROSCOPY MARKET, BY PRODUCT
- Handheld
- Desktop
GLOBAL LASER-INDUCED BREAKDOWN SPECTROSCOPY MARKET, BY END USER
- Academic and Research Institutes
- Pharmaceuticals and Biotechnology Companies
- Others
GLOBAL LASER-INDUCED BREAKDOWN SPECTROSCOPY MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Laser-induced Breakdown Spectroscopy Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Laser-induced Breakdown Spectroscopy Market Snippet by Product
2.1.2. Laser-induced Breakdown Spectroscopy Market Snippet by End User
2.1.3. Laser-induced Breakdown Spectroscopy Market Snippet by Country
2.1.4. Laser-induced Breakdown Spectroscopy Market Snippet by Region
2.2. Competitive Insights
3. Laser-induced Breakdown Spectroscopy Key Market Trends
3.1. Laser-induced Breakdown Spectroscopy Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Laser-induced Breakdown Spectroscopy Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Laser-induced Breakdown Spectroscopy Market Opportunities
3.4. Laser-induced Breakdown Spectroscopy Market Future Trends
4. Laser-induced Breakdown Spectroscopy Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Laser-induced Breakdown Spectroscopy Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Laser-induced Breakdown Spectroscopy Market Landscape
6.1. Laser-induced Breakdown Spectroscopy Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Laser-induced Breakdown Spectroscopy Market – By Product
7.1. Overview
7.1.1. Segment Share Analysis, By Product, 2022 & 2030 (%)
7.1.2. Handheld
7.1.3. Desktop
8. Laser-induced Breakdown Spectroscopy Market – By End User
8.1. Overview
8.1.1. Segment Share Analysis, By End User, 2022 & 2030 (%)
8.1.2. Academic and Research Institutes
8.1.3. Pharmaceuticals and Biotechnology Companies
8.1.4. Others
9. Laser-induced Breakdown Spectroscopy Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
9.2. North America
9.2.1. Overview
9.2.2. Laser-induced Breakdown Spectroscopy Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.2.5. North America Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Laser-induced Breakdown Spectroscopy Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.9.4. France Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Laser-induced Breakdown Spectroscopy Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.6.4. India Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.7.4. China Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Laser-induced Breakdown Spectroscopy Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Laser-induced Breakdown Spectroscopy Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
10. Key Vendor Analysis- Laser-induced Breakdown Spectroscopy Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Applied Spectra
10.2.2. TSI Incorporated
10.2.3. SciAps, Inc.
10.2.4. Rigaku, Bruker Corporation
10.2.5. Hitachi High-Tech Analytical Science
10.2.6. Princeton Instruments
10.2.7. Avantes
10.2.8. B&W Tek
10.2.9. Thermo Fisher Scientific Inc.
10.2.10. SECOPTA analytics GmbH
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
