Global Spectroradiometer Market Revenue is Expected to Reach $825 Million by 2028

A spectroradiometer is an instrument used to measure the spectral distribution of a light source's radiance (or any other amount of radiation), mainly consisting of a monochromator and a radiation power detector.

According to different wavelengths and application fields, spectroradiometers can be divided into visible light spectroradiometers, ultraviolet spectroradiometers, infrared spectroradiometers, fluorescence spectroradiometers, and atomic absorption spectroradiometers; According to the degree of automation, spectroradiometers can be divided into manual, semi-automatic, and automatic spectroradiometers.

Segmented Market Analysis

From the perspective of downstream applications, the application of spectroradiometers involves multiple fields such as scientific research, pharmaceutical manufacturing, environmental monitoring, and agriculture, including LED testing, display measurement, NVIS testing, and reflectance measurement. Among them, LED testing and display measurement are the first and second largest downstream application markets, with application shares of 24.43% and 23.35% in 2023, respectively.

From a regional perspective, the global market for spectroradiometers is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest revenue market. Data shows that in 2023, the North American spectroradiometer market revenue was $201 million, with a market share of 24.43%; The Asia Pacific and European markets ranked second and third with 32.91% and 24.18% respectively.

Global Spectroradiometer Market Revenue and Share by Application and Region in 2023