Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Mobile and Portable Spectrometers Market size was valued at USD 2.42 billion in 2024 and is set to exceed USD 8.26 billion by 2037, registering over 9.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of mobile and portable spectrometers is evaluated at USD 2.82 billion.
The growth of the market can be attributed to the surge in mass spectrometry analysis by medical professionals, followed by the growing healthcare spending across the globe which is also expected to add to the market growth over the forecast period. For instance, global healthcare spending was expected to reach more than USD 10 trillion by the end of 2022. In addition to this, the rising utilization of these spectrometers in food contamination detection, and carbon dating applications are also projected to fuel the growth of the market over the projected time frame.
In addition to these, factors that are believed to fuel the market growth of mobile and portable spectrometers include the rise in the adoption of security and analytical instruments. These devices are perfect for applications such as field analysis of samples, identifying raw materials, and forensic analysis. These versatile instruments offer analysis capabilities similar to benchtop models. With the recent advancements in smartphone devices as well as smartphone spectroscopy, the demand for mobile and portable spectrometers is on the rise amongst smartphone users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global mobile and portable spectrometers market during the forecast period. For instance, more than 72% of the United States population used smartphones in 2020.
Mobile and Portable Spectrometers Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Use of LED Lights – The growing use of LED lights is expected to escalate the mobile and portable spectrometers market as portable handheld LED spectrometers are used to accurately measure the correlated color temperature, chromaticity, excitation purity (Pe), illuminance, luminous flux (in lumens-lm), RGB and dominant wavelength of light sources. For instance, it is estimated that LEDs are currently used in approximately 6 billion commercial buildings in the United States.
- Worldwide Escalating Ratio of Food Contamination - Access to enough amounts of safe and nutritious food is crucial for maintaining life and supporting good health. More than 250 diseases, ranging from diarrhea to cancer, are caused by unsafe food that contains hazardous bacteria, viruses, parasites, or chemical compounds. Therefore, the increasing ratio of food contamination, along with the rising awareness about food safety has been leading to the demand for enhanced food detection techniques that include the use of spectrometers too. Based on the World Health Organization report, each year, 420 000 people worldwide die and an estimated 600 million get sick from eating contaminated food, losing 33 million healthy life years (DALYs).
- Increasing Requirements of Soil Testing – For instance, in 2022, soil fertility testing was expected to account for around 30% of worldwide agricultural testing.
- An Upsurge in the Spending on New Technologies – For instance, the global ICT spending on new technologies was anticipated to reach over USD 1,180,000 million in 2022.
- Rising Food and Beverages Industry – According to statistics, the output of India’s food processing sector is expected to be more than USD 500 billion by 2025-26.
Challenges
- Concern about the Quality of the Database - One downside of these devices is that they require a constant update of the database. Such ambiguity is estimated to lower the quality and accuracy of the database. Hence, this factor is anticipated to hamper the market growth in the coming years.
- Not Viable for Color Measurement Application
- Possibility of Spectral Manipulation
Mobile and Portable Spectrometers Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.9% |
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Base Year Market Size (2024) |
USD 2.42 billion |
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Forecast Year Market Size (2037) |
USD 8.26 billion |
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Regional Scope |
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Mobile and Portable Spectrometers Segmentation
The global mobile and portable spectrometers market is segmented and analyzed for demand and supply by type into optical spectrometer, mass spectrometer, and fluorescence spectrometer. Out of these three types of segments, the optical spectrometer segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing use of optical spectrometers to measure the mass-to-charge ratio of ions, along with the rising forensic analysis, and rising environmental testing worldwide. For instance, it is observed that, in the United States, with most techniques used in forensic analysis, on average the rate of forensic accuracy is considered between 65% to 75%.
The global mobile and portable spectrometers market is also segmented and analyzed for demand and supply by application into material chemistry, life science, drug discovery, food & agriculture, nanotechnology, forensic science, and others. Amongst these segments, the life science segment is expected to garner a significant share in the coming years. The growth of the segment can be attributed to the significant surge in clinical lab testing across the globe. For instance, every year, over 8 billion clinical lab tests are carried out in the United States. Since more diagnostics and medical resources are being deployed in medical labs to identify metabolic issues with proteins or biomarkers. Hence, the life science segment is estimated to garner a significant market size over to forecast period. On the other hand, the drug discovery segment is projected to witness notable CAGR during the forecast period, owing to the expanding use of portable spectrometer in the drug research and development sector. Medicinal chemists typically employ such spectrometers to record and observe chemical processes while conducting drug production and product validation. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global mobile and portable spectrometers market includes the following segments:
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By Spectroscopic Techniques |
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By Type |
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By Application |
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Customize this ReportMobile and Portable Spectrometers Industry - Regional Synopsis
North America Market Forecast
North America industry is likely to dominate majority revenue share by 2037. The growth of the market can be attributed majorly to the growing demand for novel drugs & medicines in the region, coupled with the increased spending for drug research and development (R&D) in the pharmaceutical industry. According to the Congressional Budget Office (CBO), Research and Development (R&D) in the Pharmaceutical Industry report, the United States pharmaceutical industry spent USD 83 billion on R&D in 2019. In addition to this growing technological advancement in spectroscopy, along with the increasing investment by the government for research and development activities in pharmaceutical and biomedical streams is projected to push the market growth further throughout the forecast period in the region.
Asia Pacific Market Forecast
Furthermore, the Asia Pacific mobile and portable spectrometers market is also estimated to display notable market growth by the end of 2037. The growth of the market can be attributed to the dynamically growing pharmaceutical sector in countries such as China, Japan, India, and so on. Based on a report, by 2030, the Indian pharmaceutical sector is anticipated to be worth over USD 132 billion. In addition to this, the surging investment by the government in the healthcare sector, coupled with the significant growth in the medical science industry is also projected to drive the market growth further throughout the forecast period in the region.
Companies Dominating the Mobile and Portable Spectrometers Landscape
- PerkinElmer Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- X-Rite, Incorporated
- Hitachi, Ltd.
- Konica Minolta Business Solutions India Pvt. Ltd.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- BYK-Gardner GmbH
- Bruker Corporation
- Datacolor AG Europe
- Renishaw plc
In the News
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PerkinElmer, Inc. announced that its Spectrum Two FT-IR spectrometer is onboard a research trip led by eXXpedition, a non-profit organization running all-women sailing voyages, where it is being used by the scientist team to identify and document the chemical classification of plastics found during their travels.
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X-Rite Incorporated entered into a collaboration with Pantone LLC to launch the eXact 2, a next-generation non-contact handheld spectrophotometer designed to bring the ink, print, and packaging workflow together in one device, which enables operators to measure and seamlessly verify customer requirements two times faster and with higher accuracy
Author Credits: Abhishek Verma
- Report ID: 4316
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
