Market Overview:
The global near infrared spectrometer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for near infrared spectrometers in various applications such as astronomical spectroscopy, agriculture, remote monitoring, materials science, medical and industrial applications. North America is expected to hold the largest share of the global near infrared spectrometer market in 2018 followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth rate during the forecast period owing to increasing demand for near infrared spectrometers from countries such as China and India.
Product Definition:
A near-infrared spectrometer (NIRS) is a scientific instrument used to measure the spectrum of electromagnetic radiation emitted, transmitted, or reflected by a sample. The wavelength range measured is typically from around 700 nanometers (nm) to 2.5 micrometers (μm). NIRS is often used in medical diagnostics and research, food analysis, and industrial inspection.
FT-NIR:
FT-NIR is a Near Infrared Spectrometer which can be used for various applications such as food quality, water analysis, pharmaceuticals and forensics. FT-NIR has the ability to detect objects in total darkness. It also helps in analyzing chemical compounds without any light source being present around it. FT-NIR is an essential tool for security agencies that use it to analyze the fingerprints of criminals and search objects under surveillance with no one else being aware of its presence.
UV-Vis-NIR:
UV-Vis-NIR is a spectroscopic technique that uses UV light, visible light and near infrared region of the spectrum. It's major application includes food quality analysis, water & soil testing and forensic science. This technology has been in use for many years but with constant development in hardware it has reached its peak performance level currently.
Application Insights:
The demand for NIR spectrometers is expected to grow at a significant rate owing to its wide applications in remote sensing, agriculture, medical and other fields. The application areas of near-infrared spectrometer are astronomical spectroscopy, materials science, remote monitoring and others. The others segment that includes environmental monitoring is anticipated to witness the fastest growth over the forecast period owing to rising applications such as water vapor detection in the atmosphere and oceanic studies.
Astronomical spectroscopy was one of the prominent segments that accounted for a major market share in 2017 due largely to growing usage of NIR technology by astronomers worldwide for diverse purposes such as planet hunting or star formation study. It also has numerous other uses such as atmospheric studies or space exploration which contributes significantly towards overall growth rate of near-infrared instrument market across various regions globally.
Regional Analysis:
North America dominated the global near infrared spectrometer market in 2016 with a revenue share of over 35%. The growth can be attributed to the presence of major players such as Sea Quest NIR Ltd., Vaisala Inc. and others. These players are engaged in developing advanced products for various applications such as astronomical, remote sensing, medical and industrial. Moreover, these companies are also involved in R&D activities to develop new products that will enhance the capabilities of this equipment class.
The Asia Pacific region is expected to witness significant growth during the forecast period owing to increasing demand from remote sensing application areas coupled with growing government initiatives across several countries including China (Beijing), India (New Delhi) Japan (Tokyo).
Growth Factors:
- Increasing demand for food safety and quality control
- Growing application of NIR spectroscopy in the pharmaceutical industry
- Rising popularity of portable NIR spectrometers
- Proliferation of research and development activities in the field of NIR spectroscopy
- Increasing number of collaborations between academia and industry to develop novel applications for NIR spectroscopy
Scope Of The Report
Report Attributes
Report Details
Report Title
Near Infrared Spectrometer Market Research Report
By Type
FT-NIR, UV-Vis-NIR, Raman, Others
By Application
Astronomical Spectroscopy, Agriculture, Remote Monitoring, Materials Science, Medical, Industrial, Others
By Companies
ABB Analytical, Thermo Fisher Scientific, Malvern Panalytical, Bruker Optics, CID Bioscience, HORIBA Scientific, Olis, Inc., Agilent, CBS Scientific, Erlab, Coy Laboratory
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Near Infrared Spectrometer Market Report Segments:
The global Near Infrared Spectrometer market is segmented on the basis of:
Types
FT-NIR, UV-Vis-NIR, Raman, Others
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
Astronomical Spectroscopy, Agriculture, Remote Monitoring, Materials Science, Medical, Industrial, Others
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:
- ABB Analytical
- Thermo Fisher Scientific
- Malvern Panalytical
- Bruker Optics
- CID Bioscience
- HORIBA Scientific
- Olis, Inc.
- Agilent
- CBS Scientific
- Erlab
- Coy Laboratory
Highlights of The Near Infrared Spectrometer 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
- Raman
- Others
- By Application:
- Astronomical Spectroscopy
- Agriculture
- Remote Monitoring
- Materials Science
- Medical
- Industrial
- Others
- 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 Spectrometer 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 spectrometers are instruments that measure the wavelength of light that is closest to the surface of an object. This allows scientists to identify different substances and elements present on the surface.
Some of the major companies in the near infrared spectrometer market are ABB Analytical, Thermo Fisher Scientific, Malvern Panalytical, Bruker Optics, CID Bioscience, HORIBA Scientific, Olis, Inc., Agilent, CBS Scientific, Erlab, Coy Laboratory.
The near infrared spectrometer market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Near Infrared Spectrometer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Near Infrared Spectrometer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Near Infrared Spectrometer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Near Infrared Spectrometer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Near Infrared Spectrometer Market Size & Forecast, 2020-2028 4.5.1 Near Infrared Spectrometer Market Size and Y-o-Y Growth 4.5.2 Near Infrared Spectrometer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 FT-NIR
5.2.2 UV-Vis-NIR
5.2.3 Raman
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Astronomical Spectroscopy
6.2.2 Agriculture
6.2.3 Remote Monitoring
6.2.4 Materials Science
6.2.5 Medical
6.2.6 Industrial
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Near Infrared Spectrometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Near Infrared Spectrometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 FT-NIR
9.6.2 UV-Vis-NIR
9.6.3 Raman
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Astronomical Spectroscopy
9.10.2 Agriculture
9.10.3 Remote Monitoring
9.10.4 Materials Science
9.10.5 Medical
9.10.6 Industrial
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 FT-NIR
10.6.2 UV-Vis-NIR
10.6.3 Raman
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Astronomical Spectroscopy
10.10.2 Agriculture
10.10.3 Remote Monitoring
10.10.4 Materials Science
10.10.5 Medical
10.10.6 Industrial
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 FT-NIR
11.6.2 UV-Vis-NIR
11.6.3 Raman
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Astronomical Spectroscopy
11.10.2 Agriculture
11.10.3 Remote Monitoring
11.10.4 Materials Science
11.10.5 Medical
11.10.6 Industrial
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 FT-NIR
12.6.2 UV-Vis-NIR
12.6.3 Raman
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Astronomical Spectroscopy
12.10.2 Agriculture
12.10.3 Remote Monitoring
12.10.4 Materials Science
12.10.5 Medical
12.10.6 Industrial
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 FT-NIR
13.6.2 UV-Vis-NIR
13.6.3 Raman
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Astronomical Spectroscopy
13.10.2 Agriculture
13.10.3 Remote Monitoring
13.10.4 Materials Science
13.10.5 Medical
13.10.6 Industrial
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Near Infrared Spectrometer Market: Competitive Dashboard
14.2 Global Near Infrared Spectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Analytical
14.3.2 Thermo Fisher Scientific
14.3.3 Malvern Panalytical
14.3.4 Bruker Optics
14.3.5 CID Bioscience
14.3.6 HORIBA Scientific
14.3.7 Olis, Inc.
14.3.8 Agilent
14.3.9 CBS Scientific
14.3.10 Erlab
14.3.11 Coy Laboratory