Global Raman Spectroscopy Market Size and Trends

Global Raman spectroscopy market is expected to be valued at US$ 1.98 Bn by 2030, from US$ 1.18 Bn in 2023, exhibiting a CAGR of 7.7% during the forecast period.

Global Raman spectroscopy market is segmented into by technology, application, end user, and region. By technology, the market is segmented into micro Raman spectroscopy, probe based Raman spectroscopy, FT Raman spectroscopy and others. The micro Raman spectroscopy segment accounts for the largest share owing to its advantages like non-destructive testing and suitability for analyzing small sample volumes.

Global Raman Spectroscopy Market- Trends

Development of complementary metal-oxide semiconductor (CMOS) Raman spectroscopy: The adoption of complementary metal-oxide semiconductor (CMOS) cameras or sensors for Raman spectroscopy systems is rising. CMOS sensors offer several benefits including low noise, high quantum efficiency, reduced readout time and low-cost production. These enhance the sensitivity and speed of Raman systems. Key companies like Rigaku are developing CMOS-based Raman spectrometers. Moreover, researchers are integrating CMOS sensors with other microsystems like microfluidics to develop Lab-on-a-Chip Raman devices. The CMOS technology is a prominent trend in the Raman spectroscopy market.
Emergence of transmission Raman spectroscopy: Transmission Raman is emerging as a novel technique that uses optical fibers to deliver excitation light and collect Raman signal. This overcomes limitations of conventional backscattering Raman spectroscopy. Transmission Raman provides depth profiling capability and enables analysis of thick or opaque samples. Optical fibers make remote or in-line analysis feasible. The technology is gaining traction for investigating industrial reactors, pipelines and pharmaceutical manufacturing. Transmission Raman’s unique benefits is driving its adoption across research and industrial domains.
Growing industry-academia collaborations: There is an increase in collaboration between academic and research institutions and key industry players within the Raman spectroscopy domain. These collaborative efforts aim to leverage state-of-the-art research for developing innovative Raman spectroscopy products and expanding practical applications.
Advent of handheld and portable Raman spectrometers: Easy-to-use, compact and affordable handheld/portable Raman spectrometers are being widely adopted for on-site chemical analysis. Key benefits offered include minimal sample preparation needs, non-contact measurement and quick analysis turnaround time. Portable Raman devices find extensive applications across industrial QA/QC, environmental screening, art authentication and geological surveying. Ongoing product development and commercialization of portable Raman systems by companies like Sciaps, B&W Tek, and Rigaku etc. is a major trend fostering the market growth.