Global Micro Spectrometers Market Size is Expected to Grow to $634.79 Million by 2028

Global Micro Spectrometers Market Overview

According to Global Market Monitor, the global micro spectrometers market size will reach $418.32 million in 2023 and is expected to grow to $634.79 million by 2028.

Global Micro Spectrometers Trend

Technological advances are constantly driving productivity gains while creating a better life experience. Optical inspection technologies play an extremely important role and increasingly advanced measurement technologies are driving research innovation and rapid product iteration. The application of artificial intelligence, the Internet of Things, big data analytics, and other technologies has also had a huge impact on the field of inspection. For example, Hermes, LV high-end luxury stores have strict requirements for color and light, in this scenario some high-end optical detection instruments related to big data are needed. In addition, the combination of big data and inspection can also be applied to end-users, for example in mobile phone components and new materials.  

Micro Spectrometers Market Segment

The advantage of the modular spectrometer is that it reduces the time and cost of building spectroscopy applications, eliminates the need to consider the design of the optical path, increases the flexibility of use (so that testing applications are no longer limited to the laboratory, online industrial environments, the field can also be easily managed), and only requires more other modules to implement other detection solutions.

Spectroscopic analysis is widely used in industrial, agricultural, environmental, food, pharmaceutical and medical applications. For example, agricultural analysis is a traditional application area of NIR. It is used to determine the moisture, starch, protein, fat, sugar, and edible fiber content of grains. LED manufacturers use color measurement to sort LEDs to ensure consistency and quality. Screen display manufacturers use radiometry to calibrate the color rendering of their screens to determine if they are within the standard range. In addition to its application on electronic devices, through subsequent development and the maturation of nanorobotics technology, the micro spectrometer is also expected to be implanted into the human body by injection for real-time monitoring of human health, providing a new method of detection and treatment for diseases such as cancer after the problems of power supply and signal transmission are solved.

By Type	Chip Type
	Modular Type
	Modular spectrometers contributed the larger market share with 69.58% in 2022.
By Application	Farming
	Smart Buildings
	Environment
	Medical
	Automotive
	Wearables
	Cameras
	Smart Phones
	Others
	The farming segment occupied the biggest share in 2022.

For more industry information, please refer to our latest released "China Micro Spectrometers Industry Market Research Report 2023-2029".