Laser-induced Breakdown Spectroscopy

Global Laser-induced Breakdown Spectroscopy Market to Reach US$368.3 Million by 2030

The global market for Laser-induced Breakdown Spectroscopy estimated at US$284.3 Million in the year 2024, is expected to reach US$368.3 Million by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Handheld Laser-Induced Breakdown Spectroscopy, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$240.6 Million by the end of the analysis period. Growth in the Desktop Laser-Induced Breakdown Spectroscopy segment is estimated at 5.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$77.4 Million While China is Forecast to Grow at 6.9% CAGR

The Laser-induced Breakdown Spectroscopy market in the U.S. is estimated at US$77.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$71.3 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Laser-Induced Breakdown Spectroscopy Market - Key Trends & Drivers Summarized

What Is Laser-Induced Breakdown Spectroscopy and How Does It Work?

Laser-Induced Breakdown Spectroscopy (LIBS) is an advanced analytical technique used to determine the composition of materials by analyzing the light emitted from a laser-induced plasma. In LIBS, a high-powered laser pulse is focused onto a sample surface, causing a localized plasma to form. As the plasma cools, it emits light at characteristic wavelengths that are unique to the elements present in the sample. By analyzing the spectrum of light emitted from the plasma, the elemental composition of the material can be determined. This technique is particularly useful in analyzing solid, liquid, and gaseous samples without requiring complex sample preparation or the need for contact with the sample.

LIBS has found applications in various industries, including material science, environmental monitoring, mining, and forensics, due to its ability to analyze a wide range of materials with high sensitivity and speed. It is often used in situations where other techniques, such as X-ray fluorescence (XRF) or mass spectrometry, may not be practical due to sample size, complexity, or contamination issues. The versatility and portability of LIBS instruments make them ideal for on-site analysis in industries such as mining, where real-time elemental analysis is crucial for optimizing production processes.

What Are the Key Technological Advancements Influencing the LIBS Market?

Technological advancements have significantly improved the capabilities of Laser-Induced Breakdown Spectroscopy, expanding its applications and driving its adoption across industries. One of the most notable innovations is the development of miniaturized, portable LIBS systems that can be used for field analysis. These compact devices offer the same high precision as traditional laboratory-based LIBS instruments, but they are lightweight and portable, making them ideal for on-site analysis in harsh or remote environments.

Another key advancement is the improvement in laser sources and optics, which has increased the sensitivity and resolution of LIBS systems. Modern lasers with better pulse durations and higher energy outputs enable more precise and consistent plasma formation, leading to more accurate and reproducible measurements. Advances in data processing and spectral analysis techniques, including machine learning algorithms, are also enhancing the speed and accuracy of LIBS systems. These technologies enable faster analysis and interpretation of results, providing real-time data that can be used for immediate decision-making, particularly in industrial and environmental monitoring applications.

What Are the Primary Industries Driving the Demand for LIBS?

The laser-induced breakdown spectroscopy market is primarily driven by industries that require rapid, high-precision elemental analysis. The mining industry is one of the largest users of LIBS technology, as it enables the rapid, on-site analysis of ores and minerals. By providing real-time elemental analysis, LIBS helps mining operations improve efficiency, reduce waste, and optimize extraction processes. In environmental monitoring, LIBS is used to analyze air, water, and soil samples to detect pollutants, heavy metals, and other contaminants. The ability to perform immediate analysis on-site without requiring complex sample preparation is a key advantage of LIBS in environmental applications.

The chemical and pharmaceutical industries are also important drivers of the LIBS market. In these sectors, LIBS is used for quality control and to ensure the purity and composition of raw materials, intermediate products, and finished goods. In addition, the automotive industry uses LIBS for quality control and material analysis during manufacturing processes. The growing focus on sustainability and regulatory compliance in industries like environmental protection, mining, and materials manufacturing further fuels the demand for real-time, portable analytical tools like LIBS.

What Are the Key Growth Drivers for the Laser-Induced Breakdown Spectroscopy Market?

The growth of the laser-induced breakdown spectroscopy market is driven by several factors, most notably the increasing demand for real-time, non-destructive analysis in various industries. The mining sector’s need for efficient and accurate elemental analysis on-site is a major driver of market growth, as it allows for better decision-making and resource optimization during extraction processes. Additionally, the rise in environmental regulations and the need for monitoring environmental contaminants are fueling the demand for LIBS in environmental applications, particularly for real-time air and water quality testing.

Technological advancements in miniaturization, portability, and the sensitivity of LIBS instruments are also significant growth drivers. These innovations are making LIBS systems more affordable and accessible for smaller enterprises and field operators. Furthermore, the increasing use of LIBS in emerging applications, such as forensics, archeology, and the food industry, is contributing to the market`s expansion. As industries continue to prioritize faster, more accurate, and cost-effective analytical methods, the demand for LIBS technology is expected to continue to rise across a variety of sectors.

SCOPE OF STUDY:

The report analyzes the Laser-induced Breakdown Spectroscopy market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Handheld Laser-Induced Breakdown Spectroscopy, Desktop Laser-Induced Breakdown Spectroscopy); End-User (Academic & Research Institutes End-User, Pharmaceuticals & Biotechnology Companies End-User, Other End-Users)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Applied Spectra, Inc.
• Avantes BV
• B&W Tek
• Beijing Scientz Instrument Co., Ltd.
• Bruker Corporation
• Chengdu Laser Spectroscopy Technology Co., Ltd.
• Ekspla
• Hitachi High-Tech Analytical Science
• Horiba, Ltd.
• Laser Zentrum Hannover e.V.
• LTB Lasertechnik Berlin GmbH
• Neoware, Inc.
• Ocean Insight
• Princeton Instruments
• Rigaku Corporation
• SciAps, Inc.
• SECOPTA analytics GmbH
• Thermo Fisher Scientific Inc.
• TSI Incorporated
• Wuhan Raycus Fiber Laser Technologies Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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