Global Laser-induced Breakdown Spectroscopy Market Size study & Forecast, by Product (Handheld, Desktop), by End-user (Academic and Research Institutes, Pharmaceuticals and Biotechnology Companies, Others ), and Regional Analysis, 2023-2030

Description

List of Tables

Global Laser-induced Breakdown Spectroscopy Market is valued at approximately USD 259.81 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.20% over the forecast period 2023-2030. The concentration of main components may be determined in solid, liquid, and air samples using the LIBS (laser-induced breakdown spectroscopy) approach. Furthermore, it makes it easier to capture chemical traces on any kind of substance. Due to the numerous applications, the laser-influenced breakdown spectrometer has significant development potential. Elements in food, fingernails, soil, mineral deposits, and a variety of other materials analyzed using laser-induced breakdown spectrometers. The market growth is driven by key factors such as the increasing use of LIBS in the pharmaceutical industry and technological advancements in Spectroscopy.

The demand for laser-induced breakdown spectroscopy (LIBS) technology has been driven by the portability and user-friendly features of handheld devices. This has opened up new opportunities for smaller laboratories, field researchers, and industries that previously had limited access to elemental analysis capabilities. One such innovation in this field was made by Rigaku Analytical Devices in May 2021 when they introduced the KT-500, a handheld LIBS analyzer. The KT-500 incorporates miniaturized components, advanced carbon analysis capabilities, and a high-resolution echelle spectrometer (known as HiRES technology), resulting in enhanced performance and on-site elemental analysis capabilities with improved portability. This development allows users to conduct efficient and accurate elemental analysis in various settings using laser-induced breakdown spectroscopy technology. According to Statista, the pharmaceutical industry has grown significantly worldwide in recent years. The whole global pharmaceutical market was valued at 1.48 trillion dollars in 2022. This is a marginal increase from the market's 2021 valuation of USD 42 trillion. However, High Cost and lack of Standardization stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Laser-induced Breakdown Spectroscopy Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the overall market share owing to the presence of several academic and research institutions in the region and strong research and academic environment. On the other side, The Asia Pacific Laser-induced Breakdown Spectroscopy market is expanding as a result of rapid industrialization, the rising need for quality control and process optimization, and government programs promoting technical improvements.

Major market player included in this report are:

SECOPTA analytics GmbH
Thermo Fisher Scientific Inc.
Hitachi High-Tech Analytical Science
SciAps, Inc.
Rigaku Corporation
TSI Incorporated
Princeton Instruments Inc.
Avantes BV
B&W Tek
Applied Spectra Inc.

Recent Developments in the Market:

In May 2021, A portable LIBS analyzer, the KT-500, was released by Rigaku Analytical Devices. HiRES technology, a high-resolution echelle spectrometer, and miniaturised components are all features of the gadget. It also has improved carbon analysis capabilities. Using laser-induced breakdown spectroscopy technology, the KT-500 provides improved performance and mobility for on-site elemental analysis.
In November 2022, Ocean Insight purchased Handheld Aluminium Analyzers, SpeedSorter, and Rigaku Analytical Devices. By integrating its cutting-edge high-speed aluminium sorting technology, Ocean Insight provides clients with increased flexibility for evaluating aluminium in a variety of conditions and alloy grades.

Global Laser-induced Breakdown Spectroscopy Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, End-user, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Handheld
Desktop

By End-User:

Academic and Research Institutes
Pharmaceuticals and Biotechnology Companies
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Laser-induced Breakdown Spectroscopy Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Laser-induced Breakdown Spectroscopy Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Laser-induced Breakdown Spectroscopy Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Laser-induced Breakdown Spectroscopy Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Laser-induced Breakdown Spectroscopy Market Dynamics

3.1. Laser-induced Breakdown Spectroscopy Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing use of LIBS in the pharmaceutical industry
  - 3.1.1.2. Technological advancements in Spectroscopy
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of product
  - 3.1.2.2. Lack of Standardization
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in laser technology

Chapter 4. Global Laser-induced Breakdown Spectroscopy Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Laser-induced Breakdown Spectroscopy Market, by Product

5.1. Market Snapshot
5.2. Global Laser-induced Breakdown Spectroscopy Market by Product, Performance - Potential Analysis
5.3. Global Laser-induced Breakdown Spectroscopy Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Laser-induced Breakdown Spectroscopy Market, Sub Segment Analysis
- 5.4.1. Handheld
- 5.4.2. Desktop

Chapter 6. Global Laser-induced Breakdown Spectroscopy Market, by End-User

6.1. Market Snapshot
6.2. Global Laser-induced Breakdown Spectroscopy Market by End-User, Performance - Potential Analysis
6.3. Global Laser-induced Breakdown Spectroscopy Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
6.4. Laser-induced Breakdown Spectroscopy Market, Sub Segment Analysis
- 6.4.1. Academic and Research Institutes
- 6.4.2. Pharmaceuticals and Biotechnology Companies
- 6.4.3. Others

Chapter 7. Global Laser-induced Breakdown Spectroscopy Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Laser-induced Breakdown Spectroscopy Market, Regional Market Snapshot
7.4. North America Laser-induced Breakdown Spectroscopy Market
- 7.4.1. U.S. Laser-induced Breakdown Spectroscopy Market
  - 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. End-User breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Laser-induced Breakdown Spectroscopy Market
7.5. Europe Laser-induced Breakdown Spectroscopy Market Snapshot
- 7.5.1. U.K. Laser-induced Breakdown Spectroscopy Market
- 7.5.2. Germany Laser-induced Breakdown Spectroscopy Market
- 7.5.3. France Laser-induced Breakdown Spectroscopy Market
- 7.5.4. Spain Laser-induced Breakdown Spectroscopy Market
- 7.5.5. Italy Laser-induced Breakdown Spectroscopy Market
- 7.5.6. Rest of Europe Laser-induced Breakdown Spectroscopy Market
7.6. Asia-Pacific Laser-induced Breakdown Spectroscopy Market Snapshot
- 7.6.1. China Laser-induced Breakdown Spectroscopy Market
- 7.6.2. India Laser-induced Breakdown Spectroscopy Market
- 7.6.3. Japan Laser-induced Breakdown Spectroscopy Market
- 7.6.4. Australia Laser-induced Breakdown Spectroscopy Market
- 7.6.5. South Korea Laser-induced Breakdown Spectroscopy Market
- 7.6.6. Rest of Asia Pacific Laser-induced Breakdown Spectroscopy Market
7.7. Latin America Laser-induced Breakdown Spectroscopy Market Snapshot
- 7.7.1. Brazil Laser-induced Breakdown Spectroscopy Market
- 7.7.2. Mexico Laser-induced Breakdown Spectroscopy Market
7.8. Middle East & Africa Laser-induced Breakdown Spectroscopy Market
- 7.8.1. Saudi Arabia Laser-induced Breakdown Spectroscopy Market
- 7.8.2. South Africa Laser-induced Breakdown Spectroscopy Market
- 7.8.3. Rest of Middle East & Africa Laser-induced Breakdown Spectroscopy Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. SECOPTA analytics GmbH
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Thermo Fisher Scientific Inc.
- 8.3.3. Hitachi High-Tech Analytical Science
- 8.3.4. SciAps, Inc.
- 8.3.5. Rigaku Corporation
- 8.3.6. TSI Incorporated
- 8.3.7. Princeton Instruments, Inc.
- 8.3.8. Avantes BV
- 8.3.9. B&W Tek
- 8.3.10. Applied Spectra Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Laser-induced Breakdown Spectroscopy Market, report scope
TABLE 2. Global Laser-induced Breakdown Spectroscopy Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Laser-induced Breakdown Spectroscopy Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Laser-induced Breakdown Spectroscopy Market estimates & forecasts by End-User 2020-2030 (USD Billion)
TABLE 5. Global Laser-induced Breakdown Spectroscopy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Laser-induced Breakdown Spectroscopy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Laser-induced Breakdown Spectroscopy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Laser-induced Breakdown Spectroscopy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Laser-induced Breakdown Spectroscopy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Laser-induced Breakdown Spectroscopy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Laser-induced Breakdown Spectroscopy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Laser-induced Breakdown Spectroscopy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Laser-induced Breakdown Spectroscopy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Laser-induced Breakdown Spectroscopy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Laser-induced Breakdown Spectroscopy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Laser-induced Breakdown Spectroscopy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Laser-induced Breakdown Spectroscopy Market
TABLE 70. List of primary sources, used in the study of global Laser-induced Breakdown Spectroscopy Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Laser-induced Breakdown Spectroscopy Market, research methodology
FIG 2. Global Laser-induced Breakdown Spectroscopy Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Laser-induced Breakdown Spectroscopy Market, key trends 2022
FIG 5. Global Laser-induced Breakdown Spectroscopy Market, growth prospects 2023-2030
FIG 6. Global Laser-induced Breakdown Spectroscopy Market, porters 5 force model
FIG 7. Global Laser-induced Breakdown Spectroscopy Market, pest analysis
FIG 8. Global Laser-induced Breakdown Spectroscopy Market, value chain analysis
FIG 9. Global Laser-induced Breakdown Spectroscopy Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Laser-induced Breakdown Spectroscopy Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Laser-induced Breakdown Spectroscopy Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Laser-induced Breakdown Spectroscopy Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Laser-induced Breakdown Spectroscopy Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Laser-induced Breakdown Spectroscopy Market, regional snapshot 2020 & 2030
FIG 15. North America Laser-induced Breakdown Spectroscopy Market 2020 & 2030 (USD Billion)
FIG 16. Europe Laser-induced Breakdown Spectroscopy Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Laser-induced Breakdown Spectroscopy Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Laser-induced Breakdown Spectroscopy Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Laser-induced Breakdown Spectroscopy Market 2020 & 2030 (USD Billion)