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Laser-induced Breakdown Spectroscopy (LIBS) Market Trends

Report ID: GMI6166
Published Date: Jul 2023
Report Format: PDF

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Laser-induced Breakdown Spectroscopy Market Trends

The increasing adoption of LIBS technology in a wide range of industries is anticipated to expand the industry revenue share and potential. As LIBS finds new applications in fields such as pharmaceuticals, agriculture, aerospace, energy, and environmental monitoring, the demand for LIBS systems will propel substantially. The expanding applications of LIBS in various industries create opportunities for research and development for the development of new LIBS methodologies, techniques, and algorithms tailored to specific applications.

Thengoingg research drives innovation, improving the performance and capabilities of LIBS systems. Further, the demand for LIBS in different industries often requires customization of the technology to suit specific requirements. This leads to the development of industry-specific LIBS systems, accessories, and software solutions.

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Global laser-induced breakdown spectroscopy (LIBS) industry share was USD 261 million in 2022 and will reach USD 475 million by 2032 driven by the surging need for quick and accurate analysis in metals and mining, environmental monitoring, and pharmaceuticals

The handheld product segment exceeded USD 150 million in 2022 due to their assistance to users in bringing the analysis directly to the sample without the need for sample transportation or laboratory-based analysis

U.S. market size reached USD 108 million in 2022 and may witness substantial market growth through 2032 owing to increasing adoption in pharmaceutical and biotech, defense, homeland security, and law enforcement

Thermo Fisher Scientific Inc., B&W Tek, Hitachi High-Tech Analytical Science, Applied Spectra, SciAps, Inc., Princeton Instruments, Rigaku, TSI Incorporated, Avantes, Bruker Corporation, and SECOPTA analytics GmbH among others are some of the laser-induced breakdown spectroscopy firms