Global Near Infrared (NIR) Portable Spectrometer Market, By Application (Nanotechnology, Drug Discovery, Environmental Testing, Food and Agriculture, Life Sciences, Materials Chemistry, Forensic Science, Others), Spectrometer Type (Optical Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, High-Resolution Spectrometer, Others), Technique (Atomic Spectroscopy, Mass Spectrometry, Molecular Spectroscopy, Fluorescence Spectroscopy) – Industry Trends and Forecast to 2029
Market Analysis and Size
Near infrared spectroscopy is considered a crucial technique in the pharmaceutical industry for analysis of raw materials and quality control testing. These spectrometers are being highly used owing to the rise in prevalence of chronic diseases.
Global Near Infrared (NIR) Portable Spectrometer Market was valued at USD 182.30 million in 2021 and is expected to reach USD 470.45 million by 2029, registering a CAGR of 10.10% during the forecast period of 2022-2029. Drug Discovery is expected to witness high growth in the application segments owing to the increase in disease incidences. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Spectrometers refer to the devices that are widely used in a variety of disciplines, including microbiological, chemistry, forensics, pharmacological intervention, and physics, among others. These instruments are important in the field of life science as they are used to measure certain chemicals that are present in drugs.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Nanotechnology, Drug Discovery, Environmental Testing, Food and Agriculture, Life Sciences, Materials Chemistry, Forensic Science, Others), Spectrometer Type (Optical Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, High-Resolution Spectrometer, Others), Technique (Atomic Spectroscopy, Mass Spectrometry, Molecular Spectroscopy, Fluorescence Spectroscopy)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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Thermo Fisher Scientific Inc. (US), Anton Paar GmbH (Austria), Bruker (US), PerkinElmer Inc. (US), Hitachi High-Tech Corporation (Japan), ABB (Sweden), Agilent Technologies, Inc. (US), JASCO. (Japan), Newport Corporation (US), Oxford Instruments (UK), Shimadzu Scientific Instruments. (Japan), Rigaku Corporation (Japan), HORIBA Europe GmbH (Germany), Teledyne Princeton Instruments. (New Jersey), PerkinElmer Inc. (US), StellarNet, Inc. (US), and ZEISS International (Germany), among others
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Market Opportunities
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Near Infrared (NIR) Portable Spectrometer Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Penetration of Near Infrared (NIR) Portable Spectrometer
The increase in the penetration of near infrared (NIR) portable spectrometer into non-contact temperature measurement, astronomy, life sciences, and materials chemistry applications acts as one of the major factors driving the growth of near infrared (NIR) portable spectrometer market.
- Demand from Various Industries
The increase in the number of applications from various industries for identifying material characteristics, measuring of emission, and absorbing of electromagnetic spectra accelerate the market growth.
- Surge in Investments
The surge in the investment for research and development activities further influence the market. Also, adoption of food fingerprinting techniques has a positive impact on the market.
Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the near infrared (NIR) portable spectrometer market.
Opportunities
Furthermore, adoption of near infrared spectroscopy in seed quality detection extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of advanced product for biological applications will further expand the market.
Restraints/Challenges
On the other hand, availability of used devices along with technical limitations are expected to obstruct market growth. Also, stringent regulations pertaining to import and export is projected to challenge the near infrared (NIR) portable spectrometer market in the forecast period of 2022-2029.
This near infrared (NIR) portable spectrometer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on near infrared (NIR) portable spectrometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Near Infrared (NIR) Portable Spectrometer Market
The COVID-19 has impacted near infrared (NIR) portable spectrometer market. The limited investment costs and lack of employees hampered sales and production of thermocouple temperature sensors technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the near infrared (NIR) portable spectrometer as it targeted the right audience. The increase in adoption of these sensors across various industries is expected to further drive the market growth in the post-pandemic scenario.
Global Near Infrared (NIR) Portable Spectrometer Market Scope and Market Size
The near infrared (NIR) portable spectrometer market is segmented on the basis of spectrometer type, application, and technique. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Spectrometer Type
- Optical Spectrometer
- Mass Spectrometer
- Fluorescence Spectrometer
- High-Resolution Spectrometer
- Others
Technique
- Atomic Spectroscopy
- Mass Spectrometry
- Molecular Spectroscopy
- Fluorescence Spectroscopy
Application
- Nanotechnology
- Drug Discovery
- Environmental Testing
- Food and Agriculture
- Life Sciences
- Materials Chemistry
- Forensic Science
- Others
Near Infrared (NIR) Portable Spectrometer Market Regional Analysis/Insights
The near infrared (NIR) portable spectrometer market is analyzed and market size insights and trends are provided by country, spectrometer type, application, and technique as referenced above.
The countries covered in the near infrared (NIR) portable spectrometer market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the near infrared (NIR) portable spectrometer market because of the increasing number of research and development activities within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the growth of the pharmaceutical industry in India, China, and Japan.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Near Infrared (NIR) Portable Spectrometer Market
The near infrared (NIR) portable spectrometer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to near infrared (NIR) portable spectrometer market.
Some of the major players operating in the near infrared (NIR) portable spectrometer market are
- Thermo Fisher Scientific Inc. (US)
- Anton Paar GmbH (Austria)
- Bruker (US)
- PerkinElmer Inc. (US)
- Hitachi High-Tech Corporation (Japan)
- ABB (Sweden)
- Agilent Technologies, Inc. (US)
- JASCO. (Japan)
- Newport Corporation (US)
- Oxford Instruments (UK)
- Shimadzu Scientific Instruments. (Japan)
- Rigaku Corporation (Japan)
- HORIBA Europe GmbH (Germany)
- Teledyne Princeton Instruments. (New Jersey)
- PerkinElmer Inc. (US)
- StellarNet, Inc. (US)
- ZEISS International (Germany)
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