Technavio has announced its latest market research report titled Global Near Infrared Spectroscopy Market 2023-2027

NEW YORK, Jan. 23, 2023 /PRNewswire/ —

In-depth analysis provided in the report includes:

  • Current and future market trends to highlight market conditions
  • Comparative analysis of the market and its segments for the historic period of 2017 – 2021
  • Market drivers and market impediments and their impact on market growth
  • Positioning of market players and their business strategy analysis
  • Download a Sample Now!

 Near infrared spectroscopy market size & segmentation analysis

The near infrared spectroscopy market is estimated to decline at a CAGR of 9.14% between 2022 and 2027. The size of the market is forecast to increase by USD 387.67 million. The near infrared spectroscopy market is segmented based on product, end-user, and geography.

  • Based on the product, the near infrared spectroscopy market is segmented into benchtop and portable.
  • Based on end-user, the market is segmented into the pharmaceutical and biomedical industry, food and beverage industry, and others.
  • Based on geography, the near infrared spectroscopy market is segmented into North America, Europe, Asia, and Rest of the World.
  • For insights on the market contribution of each segment, Buy the report!

Near infrared spectroscopy market: Country-Level Analysis

The countries covered in the near infrared spectroscopy market report are the US and Canada (North America); the UK, Germany, France, and the Rest of Europe (Europe); China, India, Vietnam, and others (Asia); Brazil, Argentina, and others (Rest of World).

  • North America will account for 42% of the market growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth in North America can be attributed to several factors, including the increasing need for NIRS devices for various end-users, such as the agriculture, food, beverage, pharmaceutical, and biomedical industries.
  • Consolidation in the food processing industry, coupled with increasing plant sizes, is benefitting large food and beverage companies. Such companies are increasingly using NIRS devices for quality control, wherein researchers use NIRS to determine the molecular components of different samples for use in practical applications. Researchers will further test the use of NIRS devices for newer applications previously unexplored, thereby significantly contributing to the growth of the regional market during the forecast period.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, Request a sample!

Near infrared spectroscopy market: Dynamics & Insights

Technavio’s research report on near infrared spectroscopy market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The rising food safety concerns are notably driving the market growth. The industry uses NIRS to detect food quality because of advantages such as the high speed of measurement, no requirement of sample preparation, no change in food properties, lack of substance pollution, and low cost. It is mainly used to analyze the fermentation, flavors, and fragrances of food products. The industry also uses NIRS to detect adulteration in food products through food safety surveillance. Therefore, the growing concern for food safety evaluation and control is contributing to the growth of the global NIRS market during the forecast period.

However, the high cost of NIRS devices is the major challenge in the market. These devices have advanced embedded components such as polarization interferometers and gray filters for optimum resolution and wavelength accuracy. They can penetrate the surface and physical structure of the object and retrieve information about the inner composition in the form of a spectrum. This facilitates accurate and detailed object identification. The optic accessories and sampling tools for NIR devices help streamline processes by testing and controlling the quality of liquid, solid, and powder materials. Therefore, technological advances in NIRS hardware, integrated with electronic devices such as tablets and smartphones, are increasing the cost of the product, which will hinder market growth during the forecast period.

Near infrared spectroscopy market: Competitive Landscape and Vendor Analysis

Technavio’s report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the near infrared spectroscopy market are ABB Ltd., Agilent Technologies Inc., B & W Tek, Brimrose Corp. of America, Bruker Corp., BUCHI Labortechnik AG, FOSS AS, Hamamatsu Photonics KK, Lumex Instruments, Metrohm AG, Ocean Insight, PerkinElmer Inc., Polytec GmbH, Sartorius AG, Shimadzu Corp., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Zeltex LLC, ZEUTEC, and Avantes BV, among others. For insights on the vendor offerings, Download a PDF sample!

Related Reports:

  • The neurophotonics market is estimated to grow at a CAGR of 8.66% between 2022 and 2027. The size of the market is forecast to increase by USD 397.53 million. The increasing prevalence of neurological disorders is notably driving the neurophotonics market growth, although factors such as unawareness of neurological disorders may impede the market growth.
  • The optogenetics market is estimated to grow at a CAGR of 16.39% between 2022 and 2027. The size of the market is forecast to increase by USD 676.56 million. The ability for treatment of depression is notably driving the optogenetics market growth, although factors such as lack of standardization may impede market growth.

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Near infrared spectroscopy Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 9.14%

Market growth 2023-2027

USD 387.67 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.97

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 42%

Key countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Agilent Technologies Inc., B and W Tek, Brimrose Corp. of America, Bruker Corp., BUCHI Labortechnik AG, FOSS AS, Hamamatsu Photonics KK, Lumex Instruments, Metrohm AG, Ocean Insight, PerkinElmer Inc., Polytec GmbH, Sartorius AG, Shimadzu Corp., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Zeltex LLC, ZEUTEC, and Avantes BV.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global near infrared spectroscopy market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global near infrared spectroscopy market 2017 – 2021 ($ million)
  • 4.2 Product Segment Analysis 2017 – 2021 
    • Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)
  • 4.3 End-user Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 30: Chart on Product – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Product – Market share 2022-2027 (%)
  • 6.2 Comparison by Product 
    • Exhibit 32: Chart on Comparison by Product
    • Exhibit 33: Data Table on Comparison by Product
  • 6.3 Benchtop – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Benchtop – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Benchtop – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Benchtop – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Benchtop – Year-over-year growth 2022-2027 (%)
  • 6.4 Portable – Market size and forecast 2022-2027
    • Exhibit 38: Chart on Portable – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Portable – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Portable – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Portable – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Product 
    • Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

  • 7.1 Market segments 
    • Exhibit 43: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 45: Chart on Comparison by End-user
    • Exhibit 46: Data Table on Comparison by End-user
  • 7.3 Pharmaceutical and biomedical industry – Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Pharmaceutical and biomedical industry – Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Pharmaceutical and biomedical industry – Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Pharmaceutical and biomedical industry – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Pharmaceutical and biomedical industry – Year-over-year growth 2022-2027 (%)
  • 7.4 Food and beverage industry – Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Food and beverage industry – Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Food and beverage industry – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Food and beverage industry – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Food and beverage industry – Year-over-year growth 2022-2027 (%)
  • 7.5 Others – Market size and forecast 2022-2027
    • Exhibit 55: Chart on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by End-user 
    • Exhibit 59: Market opportunity by End-user ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 Asia – Market size and forecast 2022-2027
    • Exhibit 73: Chart on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on Asia – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Asia – Year-over-year growth 2022-2027 (%)
  • 9.6 Rest of World (ROW) – Market size and forecast 2022-2027
    • Exhibit 77: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
  • 9.7 US – Market size and forecast 2022-2027
    • Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.8 UK – Market size and forecast 2022-2027
    • Exhibit 85: Chart on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 9.9 China – Market size and forecast 2022-2027
    • Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.10 Germany – Market size and forecast 2022-2027
    • Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.11 Japan – Market size and forecast 2022-2027
    • Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
  • 9.12 Market opportunity by geography 
    • Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 104: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 106: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 107: Matrix on vendor position and classification
  • 12.3 ABB Ltd. 
    • Exhibit 108: ABB Ltd. – Overview
    • Exhibit 109: ABB Ltd. – Business segments
    • Exhibit 110: ABB Ltd. – Key news
    • Exhibit 111: ABB Ltd. – Key offerings
    • Exhibit 112: ABB Ltd. – Segment focus
  • 12.4 Agilent Technologies Inc. 
    • Exhibit 113: Agilent Technologies Inc. – Overview
    • Exhibit 114: Agilent Technologies Inc. – Business segments
    • Exhibit 115: Agilent Technologies Inc. – Key news
    • Exhibit 116: Agilent Technologies Inc. – Key offerings
    • Exhibit 117: Agilent Technologies Inc. – Segment focus
  • 12.5 Bruker Corp. 
    • Exhibit 118: Bruker Corp. – Overview
    • Exhibit 119: Bruker Corp. – Business segments
    • Exhibit 120: Bruker Corp. – Key news
    • Exhibit 121: Bruker Corp. – Key offerings
    • Exhibit 122: Bruker Corp. – Segment focus
  • 12.6 Hamamatsu Photonics KK 
    • Exhibit 123: Hamamatsu Photonics KK – Overview
    • Exhibit 124: Hamamatsu Photonics KK – Business segments
    • Exhibit 125: Hamamatsu Photonics KK – Key offerings
    • Exhibit 126: Hamamatsu Photonics KK – Segment focus
  • 12.7 Lumex Instruments 
    • Exhibit 127: Lumex Instruments – Overview
    • Exhibit 128: Lumex Instruments – Product / Service
    • Exhibit 129: Lumex Instruments – Key offerings
  • 12.8 Metrohm AG 
    • Exhibit 130: Metrohm AG – Overview
    • Exhibit 131: Metrohm AG – Product / Service
    • Exhibit 132: Metrohm AG – Key offerings
  • 12.9 Ocean Insight 
    • Exhibit 133: Ocean Insight – Overview
    • Exhibit 134: Ocean Insight – Product / Service
    • Exhibit 135: Ocean Insight – Key offerings
  • 12.10 PerkinElmer Inc. 
    • Exhibit 136: PerkinElmer Inc. – Overview
    • Exhibit 137: PerkinElmer Inc. – Business segments
    • Exhibit 138: PerkinElmer Inc. – Key news
    • Exhibit 139: PerkinElmer Inc. – Key offerings
    • Exhibit 140: PerkinElmer Inc. – Segment focus
  • 12.11 Polytec GmbH 
    • Exhibit 141: Polytec GmbH – Overview
    • Exhibit 142: Polytec GmbH – Product / Service
    • Exhibit 143: Polytec GmbH – Key offerings
  • 12.12 Sartorius AG 
    • Exhibit 144: Sartorius AG – Overview
    • Exhibit 145: Sartorius AG – Business segments
    • Exhibit 146: Sartorius AG – Key news
    • Exhibit 147: Sartorius AG – Key offerings
    • Exhibit 148: Sartorius AG – Segment focus
  • 12.13 Shimadzu Corp. 
    • Exhibit 149: Shimadzu Corp. – Overview
    • Exhibit 150: Shimadzu Corp. – Business segments
    • Exhibit 151: Shimadzu Corp. – Key news
    • Exhibit 152: Shimadzu Corp. – Key offerings
    • Exhibit 153: Shimadzu Corp. – Segment focus
  • 12.14 Thermo Fisher Scientific Inc. 
    • Exhibit 154: Thermo Fisher Scientific Inc. – Overview
    • Exhibit 155: Thermo Fisher Scientific Inc. – Business segments
    • Exhibit 156: Thermo Fisher Scientific Inc. – Key news
    • Exhibit 157: Thermo Fisher Scientific Inc. – Key offerings
    • Exhibit 158: Thermo Fisher Scientific Inc. – Segment focus
  • 12.15 Viavi Solutions Inc. 
    • Exhibit 159: Viavi Solutions Inc. – Overview
    • Exhibit 160: Viavi Solutions Inc. – Business segments
    • Exhibit 161: Viavi Solutions Inc. – Key offerings
    • Exhibit 162: Viavi Solutions Inc. – Segment focus
  • 12.16 Zeltex LLC 
    • Exhibit 163: Zeltex LLC – Overview
    • Exhibit 164: Zeltex LLC – Product / Service
    • Exhibit 165: Zeltex LLC – Key offerings
  • 12.17 ZEUTEC 
    • Exhibit 166: ZEUTEC – Overview
    • Exhibit 167: ZEUTEC – Product / Service
    • Exhibit 168: ZEUTEC – Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 169: Inclusions checklist
    • Exhibit 170: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 171: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 172: Research methodology
    • Exhibit 173: Validation techniques employed for market sizing
    • Exhibit 174: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 175: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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