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Global Near Infrared Spectroscopy Market 2017-2021

Global Near Infrared Spectroscopy Market 2017-2021

About Near Infrared Spectroscopy

Near infrared spectroscopy is an optical technology that measures the wavelength and absorption of near infrared (NIR) light by the sample based on which it is analyzed. Spectroscopy is a technique that is used to determine the mass, structure, and composition of a substance. It is the study of the interaction between electromagnetic radiation and matter. The matter can include atoms, molecules, atomic or molecular ions, and solids. The nature of the interaction between the radiation and the matter may include absorption, emission, or scattering. The study of the wavelength absorbed or emitted by an atom or molecule will provide information about its identity.

Technavio’s analysts forecast the global near infrared spectroscopy market to grow at a CAGR of 9.29% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global near infrared spectroscopy market for 2017-2021. To calculate the market size, the report considers the shipments, sales, volume, value, and services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Near Infrared Spectroscopy Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Agilent Technologies
  • Bruker
  • PerkinElmer
  • Thermo Fisher Scientific
Other prominent vendors
  • ABB
  • Brimrose
  • BÜCHI Labortechnik
  • Foss
  • Lumex Instruments
  • Metrohm
  • Ocean Optics
  • Sartorius
  • Shimadzu
  • Zeltex
Market driver
  • Increase in use of NIRS during process monitoring
  • For a full, detailed list, view our report
Market challenge
  • High cost of device
  • For a full, detailed list, view our report
Market trend
  • Transition toward cloud-based technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Near Infrared Spectroscopy Market 2017-2021
Technavio recognizes the following companies as the key players in the global near infrared spectroscopy market: Agilent Technologies, Bruker, PerkinElmer, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: ABB, Brimrose, BÜCHI Labortechnik, Foss,Lumex Instruments, Metrohm, Ocean Optics, Sartorius, Shimadzu, and Zeltex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is transition toward cloud-based technologies. Compact and high-performance NIRS devices enhance applications where in-situ measurements provide value for individual users and companies. The linking of NIRS to cloud databases over wi-fi or Bluetooth through a mobile device give full predictive capabilities of the laboratory.”
According to the report, one of the major drivers for this market is increase in use of nirs during process monitoring. Process monitoring involves the evaluation of each step of the manufacturing process in industries. For instance, in chemical and pharmaceutical industries, good knowledge about the manufacturing process results in adherence to safety, provides better yields, and reduces the quantity of waste generated. Process monitoring controls the different phases of processes, resulting in improved quality of drug production, reduces the number of rejected batches and the time to market.
Further, the report states that one of the major factors hindering the growth of this market is high cost of device. NIRS devices are advances in terms of the technology they use. Hence, they are expensive to main, which hampers their adoption. End-users' requirement for customization also increases the cost of these devices. For instance, a basic NIRS device costs approximately between $5,400-$15,100. Further, the total cost of ownership includes the device's lifecycle costs such as maintenance, service, and repair.

Companies Mentioned

Agilent Technologies, Bruker, PerkinElmer, Thermo Fisher Scientific, ABB, Brimrose, BÜCHI Labortechnik, Foss,Lumex Instruments, Metrohm, Ocean Optics, Sartorius, Shimadzu, and Zeltex.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
      • Table Spectroscopy: Basic components
      • Table NIRS: Cycle
      • Table NIRS: Advantages
      • Table NIRS: Applications
  • Market landscape
    • Overview
      • Table Global NIRS market: Segmentation
    • Market size and forecast
      • Table Global NIRS market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Overview
      • Table Global NIRS market by product type 2016-2021 (% share)
    • Benchtop
      • Table Benchtop NIRS 2016-2021 ($ millions)
    • Portable
      • Table Portable NIRS 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Overview
      • Table Global NIRS market: Segmentation by end-users 2016-2021 (% share)
    • Pharmaceutical and biotechnology companies
      • Table Pharmaceutical and biotechnology companies in global NIRS market 2016-2021 ($ millions)
    • Food and beverage industry
      • Table Food and beverage industry in global NIRS market 2016-2021 ($ millions)
    • Others
      • Table Others in global NIRS market 2016-2021 ($ millions)
      • Table NIRS: Other applications
  • Geographical segmentation
    • Overview
      • Table Global NIRS market: Segmentation by geography 2016-2021 (% share)
    • Americas
      • Table NIRS market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table NIRS market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table NIRS market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Transition toward cloud-based technologies
    • Miniaturization of equipment
    • Focus on emerging economies
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Agilent Technologies
    • Bruker
    • PerkinElmer
    • Thermo Fisher Scientific
  • Appendix
    • List of abbreviations
  • Explore Technavio

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