Global Laser-induced Breakdown Spectroscopy Market Size & Outlook
Global laser-induced breakdown spectroscopy market, 2018-2030 (US$M)
Related Markets
Global laser-induced breakdown spectroscopy market highlights
- The global laser-induced breakdown spectroscopy market generated a revenue of USD 285.3 million in 2023 and is expected to reach USD 434.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.2% by 2030.
- In terms of segment, handheld accounted for a revenue of USD 177.4 million in 2023.
- Handheld is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 285.3 million |
| Market revenue in 2030 | USD 434.7 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Handheld |
| Fastest growing segment | Handheld |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld, Desktop |
Other key industry trends
- In terms of revenue, the North America accounted for 45.0% of the global laser-induced breakdown spectroscopy market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 2.9 million by 2030.
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Laser-induced Breakdown Spectroscopy Market Scope
Laser-induced Breakdown Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global laser-induced breakdown spectroscopy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laser-induced breakdown spectroscopy market will help companies and investors design strategic landscapes.
Handheld was the largest segment with a revenue share of 62.18% in 2023. Horizon Databook has segmented the Global laser-induced breakdown spectroscopy market based on handheld, desktop covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Laser-induced Breakdown Spectroscopy Product Outlook (Revenue, USD Million, 2018-2030)
- Handheld
- Desktop
- Global Laser-induced Breakdown Spectroscopy End Use Outlook (Revenue, USD Million, 2018-2030)
- Academic and Research Institutes
- Pharmaceuticals and biotechnology companies
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global laser-induced breakdown spectroscopy market , including forecasts for subscribers. This global databook contains high-level insights into Global laser-induced breakdown spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global laser-induced breakdown spectroscopy market size, by regions, 2018-2030 (US$M)
Top 10 countries: Laser-induced breakdown spectroscopy market size, 2023 (US$M)
Global laser-induced breakdown spectroscopy market share, by product, 2023 & 2030 (%, US$M)
Laser-induced breakdown spectroscopy market: Opportunity assessment by country
Global laser-induced breakdown spectroscopy market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 90.3 | 99.0 | 101.0 | 106.5 | 117.5 | 128.3 | 137.2 | 146.0 | 154.7 | 163.3 | 171.8 | 180.2 | 188.5 | 5.6% |
| Europe | 50.0 | 55.2 | 56.8 | 60.4 | 67.2 | 74.0 | 79.8 | 85.7 | 91.5 | 97.4 | 103.4 | 109.4 | 115.4 | 6.5% |
| Asia Pacific | 40.9 | 45.4 | 46.9 | 50.0 | 55.9 | 61.8 | 66.9 | 72.1 | 77.3 | 82.6 | 88.0 | 93.4 | 98.9 | 7.0% |
| Latin America | 8.1 | 9.0 | 9.3 | 9.9 | 11.0 | 12.1 | 13.1 | 14.1 | 15.0 | 16.0 | 17.0 | 18.0 | 19.0 | 6.7% |
| MEA | 6.5 | 7.0 | 7.2 | 7.5 | 8.3 | 9.0 | 9.6 | 10.2 | 10.7 | 11.3 | 11.8 | 12.4 | 12.9 | 5.2% |
| Overall | 195.8 | 215.7 | 221.1 | 234.3 | 259.8 | 285.3 | 306.6 | 328.0 | 349.3 | 370.6 | 392.0 | 413.3 | 434.7 | 6.2% |
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