GLOBAL SMART SPECTROMETER MARKET INSIGHTS AND FORECAST
Spectrometer is widely used in research labs to find details about an object or substance by analyzing its light properties. Smart spectrometers offer various capabilities that include compact, easy to use, automatic operations and fast analysis. Mass spectrometers tend to vaporize material into individual atoms and then ionizes them. Sample in the form of ionized particles is accelerated through an electric field to identify the amount and type of chemicals present in it. Optical spectrometer has the ability to split light into different wavelength with the help of diffraction grating or prism to measure optical spectrometer splits light into different wavelengths using a diffraction grating or prism, then measures the intensity of each wavelength to create a plot of intensity against wavelengths. Compact spectrometers offer less capabilities compared to laboratory spectrometers which offer precise and consistent measurements. Compact spectrometers also have physical limitations for measurements pertaining to low atomic number elements. Compact spectrometers have limitations that are less precise compared to benchtop spectrometers. Benchtop spectrometers offer more consistent results then portable spectrometers. As a result, portable spectrometers are less suitable for applications which require consistent coordination with other instruments.
1. Environmental Testing and space research: Growing industrialization and globalization has led to increasing concerns related to environment pollution. Spectrometers are required to move out of the lab and become portable for easy monitoring of environmental changes as a consequence of pollutants such as oil spills, industrial waste and others being exposed. Spectrometer is used in space research as it forms an essential component of the research. For instance, NASA’s nanosatellite Lunar IceCube will be equipped with Broadband InfraRed Compact High Resolution Explorer Spectrometer which will prospect for water in ice, liquid and vapor forms.
2. Material Chemistry and drug discovery: Traditionally, spectrometers are large instruments that are used in labs for testing and research applications. Due to the growing need of quick analysis there arose a demand for portable and compact devices to scan substances, find chemical composition in raw materials, environmental testing and others. Spectrometers are used in the pharma industry to identify compounds and verify their purity. Light as a form of electromagnetic radiation is used to measure the molecular behavior of matter upon exposure to light. There is a consistent need for rigorous pharma research to control spread of contagious diseases. PerkinElmer’s compact spectrometer is used to find hand sanitizers for concentration levels of desired alcohols in less than 30 seconds, such as ethanol and isopropanol, to help assure product efficacy per WHO, USP or FDA guidelines.
Global Smart Spectrometer Market Insights:
The global Smart Spectrometer market is analyzed to grow a rapid rate from US$ 205.8 Million in 2020 to $268.7 Million in 2025 at a CAGR of 5.5%. Demand for compact & mobile spectrometers, booming space research and rising environmental concerns are some of the factors driving growth of the smart spectrometer market.
Smart Spectrometer is used for diverse applications such as material chemistry, drug discovery, life Science, forensic science, environmental testing, food and agriculture and others. Material chemistry is expected to have a significant contribution towards the overall smart spectrometer market. Environment testing will witness sharp demand for smart spectrometers owing to increasing environmental concerns.