Home > > Semiconductor And Electronics > > Optical Emission Spectroscopy Market to Reach USD 1,222.70 Million by 2032
ID : CBI_1650 | Updated on : | Author : Amit Sati | Category : Semiconductor And Electronics
Optical Emission Spectroscopy Market Size is estimated to reach over USD 1,222.70 Million by 2032 from a value of USD 739.74 Million in 2024 and is projected to grow by USD 774.55 Million in 2025, growing at a CAGR of 5.9% from 2025 to 2032.
Optical emission spectroscopy (OES) is a widely used technique in various devices to identify the elemental composition of metals. It employs arc and spark excitation methods to analyze trace metals, revealing the chemical composition of metallic samples. This method is particularly valuable across industries such as oil and gas, metals and heavy machinery, automotive, and scrap and recycling. Its widespread adoption is primarily driven by its rapid assessment time and inherent accuracy, making it an efficient and reliable tool for determining metal composition.
Spectroscopy is an essential technique for ensuring quality control and conducting wafer probing testing in the manufacturing of finished semiconductor wafers. It offers specific advantages for semiconductor applications, including high resolution, high-speed measurement capability, and thin film measurement applications. Furthermore, the ongoing inclination of miniaturization in semiconductor devices is a significant driver for the optical emission spectroscopy (OES) market, due to the capability to precisely control and monitor the very small dimensions involved during the critical etching process.
Thus, according to the optical emission spectroscopy market analysis, the growing adoption of OES techniques in the semiconductor sector is driving the optical emission spectroscopy market size.
The initial investment required for purchasing and installing ICP (Inductively Coupled Plasma)-OES instruments can be substantial, which may be a barrier for small and medium-sized enterprises (SMEs) and research institutions with limited budgets. Additionally, the cost of maintenance, calibration, and training can add to the overall expenses, making it a significant consideration for potential buyers.
Further, in the rapidly evolving metal production sector, spectroscopy is crucial for product quality control. However, effectively utilizing this technique demands skilled operators who can optimize complex processes to ensure consistent product quality and adherence to regulatory standards. Thus, the aforementioned factors would further impact the optical emission spectroscopy market size.
The growing adoption of electric vehicles is driving the increased demand for EV batteries. This is further boosting the need for optical emission spectroscopy (OES) in the recycling of battery metals. This application of OES is crucial for achieving sustainability goals and complying with stringent government regulations aimed at combating climate change. Additionally, the integration of advanced spectroscopy techniques into the battery production process plays a vital role in significantly reducing impurities in battery metals. This not only enhances the quality of the batteries but also reduces the overall analysis time.
Thus, based on the above optical emission spectroscopy market analysis, the growing incorporation of OES into electric vehicles (EVs) manufacturing is expected to drive the optical emission spectroscopy market opportunities.
Based on offering, the optical emission spectroscopy market is segmented into equipment and service.
Trends in the offering:
The equipment segment accounted for the largest revenue in the year 2024.
The service segment is anticipated to register the fastest CAGR during the forecast period.
Based on the form factor, the market is segmented into stationary OES and mobile OES.
Trends in the form factor:
The stationery OES segment accounted for the largest revenue share in the year 2024.
The mobile OES segment is anticipated to register the fastest CAGR during the forecast period.
Based on product type, the market is segmented into arc/spark and inductively coupled plasma (ICP).
Trends in the product type:
The arc/spark segment accounted for the largest revenue share in the year 2024.
The inductively coupled plasma (ICP) segment is anticipated to register the fastest CAGR during the forecast period.
Based on application, the market is segmented into environmental analysis, chemical analysis, pharmaceutical & cosmetic analysis, mining element analysis, material analysis, nuclear energy analysis, and others.
Trends in the application:
The chemical analysis segment accounted for the largest revenue share of 23.45% in the year 2024.
The material analysis segment is anticipated to register the fastest CAGR during the forecast period.
Based on end user, the market is segmented into oil and gas, metal manufacturing, automotive, scrap and recycling, aerospace and defense, chemicals, infrastructure, pharmaceuticals and life sciences, power generation, food and beverages, environmental, and others.
Trends in the end user:
The metal manufacturing segment accounted for the largest revenue in the year 2024.
The automotive segment is anticipated to register the fastest CAGR during the forecast period.
The global market has been classified by region into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Asia Pacific optical emission spectroscopy market expansion is estimated to reach over USD 268.99 million by 2032 from a value of USD 152.42 million in 2024 and is projected to grow by USD 160.50 million in 2025. Out of this, the China market accounted for the maximum revenue split of 32.23%. The region is expected to witness substantial growth in the global market, driven by the growing industrial sector. Further, rapid industrialization and urbanization in countries like China and India are fueling a surge in the need for advanced analytical technologies such as OES. This demand spans diverse applications, including metallurgy and food safety. Furthermore, the region's increasing focus on environmental protection has created new prospects for OES in monitoring water and air quality. These trends would further drive the regional optical emission spectroscopy market during the forecast period.
North America market is estimated to reach over USD 474.16 million by 2032 from a value of USD 287.62 million in 2024 and is projected to grow by USD 301.09 million in 2025. The regional growth can be attributed to the presence of numerous environmental testing facilities, pharmaceutical companies, and stringent regulatory frameworks. Furthermore, the increasing focus on environmental sustainability, coupled with the need for compliance with strict regulatory standards, is driving the adoption of ICP-OES technology. These factors would further drive the market in North America.
Moreover, according to the analysis, the optical emission spectroscopy industry in Europe is anticipated to witness significant development during the forecast period. The stringent regulations related to food safety, environmental monitoring, and pharmaceutical quality control are driving the demand for OES systems in the European region.
Additionally, the increasing focus on sustainability and the growing investment in research and development activities are expected to further boost the market growth in Latin America. The primary driver for the OES market in the Middle East and Africa is the region's evolving manufacturing and research sectors, coupled with OES's ability to provide accurate, real-time information on the elemental composition of materials.
The global optical emission spectroscopy market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the market. Key players in the optical emission spectroscopy industry include-
Product Launch:
Report Attributes | Report Details |
Study Timeline | 2019-2032 |
Market Size in 2032 | USD 1,222.70 Million |
CAGR (2025-2032) | 5.9% |
By Offering |
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By Form Factor |
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By Product Type |
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By Application |
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By End-User |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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Optical Emission Spectroscopy market size is estimated to reach over USD 1,222.70 Million by 2032 from a value of USD 739.74 Million in 2024 and is projected to grow by USD 774.55 Million in 2025, growing at a CAGR of 5.9% from 2025 to 2032.
Asia-Pacific region is experiencing the most rapid growth in the market.
The optical emission spectroscopy report includes specific segmentation details for offering, form factor, product type, application, end user, and region.
The key participants in the market are Hitachi High-Tech Analytical Science (U.K.), Bruker (Germany), Shimadzu Corporation (Japan), SPECTRO Analytical Instruments GmbH. (Germany), JEOL Ltd. (Japan), PerkinElmer (U.S.), HORIBA Group (Japan), Avantes (U.S), Thermo Fisher Scientific (U.S.), Agilent Technologies (U.S.), and others.
The optical emission spectroscopy market is being shaped by several key trends including the integration of OES into production process for real time monitoring and control over the quality of metal, increasing rule and regulations in food and beverages industry, rising demand for portable and compact analytical tool for determining the elemental composition of various metals are the key trends driving the market.