Market Overview:
The global near-infrared spectroscope market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for near-infrared spectroscopy in various applications such as polymer industry, food and agriculture industry, pharmaceutical industry, oil and gas industry, and others. In addition, the growing adoption of portable devices is also contributing to the growth of this market. However, high cost of instruments is restraining the growth of this market.
Product Definition:
Near-infrared spectroscopy is a technique that uses the near-infrared region of the electromagnetic spectrum to obtain information about the chemical and physical properties of materials. This region is located just beyond the visible spectrum, so it is not visible to the naked eye. Near-infrared spectroscopy can be used to identify molecules and determine their composition, as well as measure their temperature and physical state.
FT-NIR:
FT-NIR is a Near-infrared Spectroscopy based on the fact that most of the molecules in nature absorb and reflect infrared light. FT-NIR has been developed as an independent technology from Fourier Transform Infrared (FT-IR) spectroscopy.
UV-Vis-NIR:
UV-Vis-NIR is a spectroscopic technique that uses UV light, visible light and near infrared region of the spectrum. The Near Infrared (NIR) part of the spectrum ranges from 750 to 1000 nm. It is used for analyzing food quality, detecting counterfeit money, determining water content in fruits and vegetables among others.
Application Insights:
The polymer industry, food and agriculture industry, pharmaceutical industry, and oil and gas industry are the key application areas of near-infrared spectroscopy. In 2017, the polymer industry was the largest segment with a revenue share of over 40% in terms of demand. The growing need for identifying materials used in polymers to improve their performance is expected to drive growth during the forecast period.
Near-infrared (NIR) spectroscopy has wide applications across various industries including automotive & transportation; energy; food & agriculture; healthcare; material science; pharmaceuticals etc., which include identification of components or materials present in these industries.
Regional Analysis:
North America dominated the global near-infrared spectroscope market in terms of revenue share in 2016. The region is expected to continue its dominance over the forecast period owing to high research and development investments by various organizations, such as National Institute of Standards and Technology (NIST), American National Standards Institute (ANSI), and others. This has resulted in the development of advanced near-infrared spectroscopy techniques, which are now being adopted across several industries for a wide range of applications.
The Asia Pacific regional market for NIRS is anticipated to grow at a lucrative rate over the forecast period due to increasing R&D activities by key players operating in this industry coupled with government support aimed at promoting industrial growth within this region. In addition, rising demand from end-use industries such as food & beverage; pharmaceuticals; polymer manufacturing; oil & gas exploration will drive growth during the estimated time span.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the increasing preference for minimally invasive procedures over traditional open surgery procedures, due to their shorter recovery time and lesser surgical trauma. Near-infrared spectroscopy finds extensive application in minimally invasive surgeries as it helps surgeons in real-time tissue characterization and identification of cancerous tissues, which helps in better tumor removal with reduced chances of recurrence.
- Growing demand for non-invasive diagnostic tests: The global market for non-invasive diagnostic tests is expected to grow at a CAGR of 7% from 2016 to 2021. This can be attributed to the growing awareness about the benefits of early diagnosis and rising incidence rates of various chronic diseases such as cancer, diabetes, and heart diseases that require regular monitoring through non-invasive diagnostic tests such as blood glucose meters, ECG machines, etc.. Near-infrared spectroscopy finds widespread application in non-invasive diagnostics as it helps clinicians obtain accurate spectral information on biological tissues without causing any harm or discomfort to patients.
- Increasing use of near infrared spectroscopy in drug discovery & development: The global market for drug discovery & development is expected grow at a CAGR 8% from 2016 – 2021 .This growth can be attributedto the increasing prevalenceof chronic diseases such
Scope Of The Report
Report Attributes
Report Details
Report Title
Near-infrared Spectroscope Market Research Report
By Type
FT-NIR, UV-Vis-NIR, Other
By Application
Polymer Industry, Food and Agriculture Industry, Pharmaceutical Industry, Oil and Gas Industry
By Companies
Thermo Fisher, Bruker, Buchi Labortechnik, Agilent Technologies, Foss A/S, Shimadzu, PerkinElmer, Sartorius, Jasco, Yokogawa Electric, ABB, Kett Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Near-infrared Spectroscope Market Report Segments:
The global Near-infrared Spectroscope market is segmented on the basis of:
Types
FT-NIR, UV-Vis-NIR, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Polymer Industry, Food and Agriculture Industry, Pharmaceutical Industry, Oil and Gas Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher
- Bruker
- Buchi Labortechnik
- Agilent Technologies
- Foss A/S
- Shimadzu
- PerkinElmer
- Sartorius
- Jasco
- Yokogawa Electric
- ABB
- Kett Electric
Highlights of The Near-infrared Spectroscope Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- FT-NIR
- UV-Vis-NIR
- Other
- By Application:
- Polymer Industry
- Food and Agriculture Industry
- Pharmaceutical Industry
- Oil and Gas Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Near-infrared Spectroscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Near-infrared spectroscopy is a type of spectroscopy that uses radiation in the near infrared region of the electromagnetic spectrum. Near-infrared spectroscopy is used to study molecules and materials in detail by detecting their spectral signatures.
Some of the major companies in the near-infrared spectroscope market are Thermo Fisher, Bruker, Buchi Labortechnik, Agilent Technologies, Foss A/S, Shimadzu, PerkinElmer, Sartorius, Jasco, Yokogawa Electric, ABB, Kett Electric.
The near-infrared spectroscope market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Near-infrared Spectroscope Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Near-infrared Spectroscope Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Near-infrared Spectroscope Market - Supply Chain
4.5. Global Near-infrared Spectroscope Market Forecast
4.5.1. Near-infrared Spectroscope Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Near-infrared Spectroscope Market Size (000 Units) and Y-o-Y Growth
4.5.3. Near-infrared Spectroscope Market Absolute $ Opportunity
5. Global Near-infrared Spectroscope Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Near-infrared Spectroscope Market Size and Volume Forecast by Type
5.3.1. FT-NIR
5.3.2. UV-Vis-NIR
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Near-infrared Spectroscope Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Near-infrared Spectroscope Market Size and Volume Forecast by Application
6.3.1. Polymer Industry
6.3.2. Food and Agriculture Industry
6.3.3. Pharmaceutical Industry
6.3.4. Oil and Gas Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Near-infrared Spectroscope Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Near-infrared Spectroscope Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Near-infrared Spectroscope Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Near-infrared Spectroscope Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Near-infrared Spectroscope Demand Share Forecast, 2019-2026
9. North America Near-infrared Spectroscope Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Near-infrared Spectroscope Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Near-infrared Spectroscope Market Size and Volume Forecast by Application
9.4.1. Polymer Industry
9.4.2. Food and Agriculture Industry
9.4.3. Pharmaceutical Industry
9.4.4. Oil and Gas Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Near-infrared Spectroscope Market Size and Volume Forecast by Type
9.7.1. FT-NIR
9.7.2. UV-Vis-NIR
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Near-infrared Spectroscope Demand Share Forecast, 2019-2026
10. Latin America Near-infrared Spectroscope Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Near-infrared Spectroscope Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Near-infrared Spectroscope Market Size and Volume Forecast by Application
10.4.1. Polymer Industry
10.4.2. Food and Agriculture Industry
10.4.3. Pharmaceutical Industry
10.4.4. Oil and Gas Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Near-infrared Spectroscope Market Size and Volume Forecast by Type
10.7.1. FT-NIR
10.7.2. UV-Vis-NIR
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Near-infrared Spectroscope Demand Share Forecast, 2019-2026
11. Europe Near-infrared Spectroscope Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Near-infrared Spectroscope Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Near-infrared Spectroscope Market Size and Volume Forecast by Application
11.4.1. Polymer Industry
11.4.2. Food and Agriculture Industry
11.4.3. Pharmaceutical Industry
11.4.4. Oil and Gas Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Near-infrared Spectroscope Market Size and Volume Forecast by Type
11.7.1. FT-NIR
11.7.2. UV-Vis-IR
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Near-infrared Spectroscope Demand Share, 2019-2026
12. Asia Pacific Near-infrared Spectroscope Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Near-infrared Spectroscope Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Near-infrared Spectroscope Market Size and Volume Forecast by Application
12.4.1. Polymer Industry
12.4.2. Food and Agriculture Industry
12.4.3. Pharmaceutical Industry
12.4.4. Oil and Gas Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Near-infrared Spectroscope Market Size and Volume Forecast by Type
12.7.1. FT-NIR
12.7.2. UV-Vis-NIR
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Near-infrared Spectroscope Demand Share, 2019-2026
13. Middle East & Africa Near-infrared Spectroscope Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Near-infrared Spectroscope Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Near-infrared Spectroscope Market Size and Volume Forecast by Application
13.4.1. Polymer Industry
13.4.2. Food and Agriculture Industry
13.4.3. Pharmaceutical Industry
13.4.4. Oil and Gas Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Near-infrared Spectroscope Market Size and Volume Forecast by Type
13.7.1. FT-NIR
13.7.2. UV-Vis-NIR
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Near-infrared Spectroscope Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Near-infrared Spectroscope Market: Market Share Analysis
14.2. Near-infrared Spectroscope Distributors and Customers
14.3. Near-infrared Spectroscope Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bruker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Buchi Labortechnik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Agilent Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Foss A/S
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shimadzu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PerkinElmer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sartorius
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jasco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yokogawa Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ABB
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kett Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook