Laser-Induced Breakdown Spectroscopy Market Size, Growth, Trends | Report 2022-2030
The global laser-induced breakdown spectroscopy market was valued at USD 96.5 million in 2021 and it is predicted to surpass around USD 171.53 million by 2030 with a CAGR of 6.6% from 2022 to 2030.
Laser-induced breakdown spectroscopy is powerful analytical method based on atomic emission spectroscopy used in the detection and characterization of materials. Laser-induced breakdown spectroscopy (LIBS) is executed by focusing a highly energetic laser pulse on the solid, liquid or air samples to determine the concentration of major and trace elements. It also helps to records chemical fingerprints of any material. LIBS has high growth potential due to its various applications such as cancer diagnosis, detection of bio aerosols and biohazards, bacterial or viral identification and non-invasive analysis of human hair and teeth. Following are the advantages of the technique-
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 96.5 million |
| Revenue Forecast by 2030 | USD 171.53 million |
| Growth rate from 2022 to 2030 | CAGR of 6.6% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Product, End-user, Region |
| Companies Covered |
Hitachi High-Tech Analytical Science, SciAps, Inc., Thermo Fisher Scientific Inc., Rigaku, Bruker Corporation, Princeton Instruments, TSI Incorporated, B&W Tek, Avantes, Applied Spectra, and SECOPTA analytics GmbH, among others |
Increasing applications of LIBS in biomedical research and development activities is positively affecting the market growth. The LIBS technique can be used for quantitative analysis of variety of samples to analyze the chemical composition of biological fluids and tissues. Endogenous and exogenous metal that constitute biological tissue can be detected by this technology. LIBS can be used to detect toxic elements and excess of deficient minerals during the drug discovery. It is also used in research laboratories for routine analysis in the field of nanotechnology. Such applications are expected to boost the adoption of laser induced breakdown spectroscopy in R&D activities.
Growing adoption of LIBS for pharmaceutical and medical product development and quality control can accelerate the market growth. LIBS technique was found to be good analytical technique to quickly measure the surface and internal distribution of pharmaceutical materials such as drugs and recipient in the solid forms. The determination of distribution is necessary in pharmaceutical research development and manufacturing process for to better understand the drug formulations and at-line process monitoring. The potential of the technique to maintain the quality of the drug and its application in the development is driving the market growth.
Furthermore, technological advancements coupled with novel product launches by key players in the market are expanding the growth prospects of laser-induced breakdown spectroscopy. For instance, in March 2021, SciAps launched new generation of SciAps Z-900 series handheld LIBS analyzers with dual burn technology with software to generate custom calibrations and achieve quick material sorting and screening. In addition, Rigaku Analytical Devices lauched a novel handheld LIBS analyzer KT-500 with miniaturized, carbon-capableandhigh-resolution echelle spectrometer features known as HiRES technology. Thus, technological advancements are anticipated to fuel the market growth.
The market is segmented by product, application and region. The product segment is based on handheld and desktop LIBS analyzers. The application segment includes academic & research institutes, pharmaceutical and biotechnology companies, and others. The regional segment includes North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Laser-Induced Breakdown Spectroscopy Market
5.1. COVID-19 Landscape: Laser-Induced Breakdown Spectroscopy Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Laser-Induced Breakdown Spectroscopy Market, By Product
8.1. Laser-Induced Breakdown Spectroscopy Market, by Product, 2022-2030
8.1.1. Handheld
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Desktop
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Laser-Induced Breakdown Spectroscopy Market, By End-user
9.1. Laser-Induced Breakdown Spectroscopy Market, by End-user, 2022-2030
9.1.1. Academic and Research Institutes
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Pharmaceuticals and biotechnology companies
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Laser-Induced Breakdown Spectroscopy Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by End-user (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.3.2. Market Revenue and Forecast, by End-user (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by End-user (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by End-user (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.3.2. Market Revenue and Forecast, by End-user (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by End-user (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by End-user (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by End-user (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by End-user (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.3.2. Market Revenue and Forecast, by End-user (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by End-user (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by End-user (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by End-user (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by End-user (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.3.2. Market Revenue and Forecast, by End-user (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by End-user (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by End-user (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by End-user (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by End-user (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.3.2. Market Revenue and Forecast, by End-user (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by End-user (2017-2030)
Chapter 11. Company Profiles
11.1. Hitachi High-Tech Analytical Science
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. SciAps, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Thermo Fisher Scientific Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Rigaku
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Bruker Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Princeton Instruments
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. TSI Incorporated
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. B&W Tek
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Avantes
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Applied Spectra
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers