Near Infrared (NIR) Portable Spectrometer Market Size [2031]
Near Infrared (NIR) Portable Spectrometer Market Size [2031]
Segments - Near Infrared (NIR) Portable Spectrometer Market by Spectrometer Type (Optical Spectrometer, High-Resolution Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, and Others), Technique (Fluorescence Spectroscopy, Atomic Spectroscopy, Mass Spectroscopy, Molecular Spectroscopy, and Others), Application (Forensic Science, Nanotechnology, Materials Chemistry, Drug Discovery, Environmental Testing, Life Science, Food & Agriculture, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5876
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Report Description
Near Infrared (NIR) Portable Spectrometer Market Outlook 2031
The global near infrared (NIR) portable spectrometer market size was valued at USD 231.2 million in 2023 and is likely to reach USD 517.3 million by 2031, expanding at a CAGR of 10.8 % during 2023 –2031. The growth of the market is attributed to the increasing adaptation of NIR spectrometers for non-contact temperature monitoring of equipment and processes.
Surge in research and development (R & D) investment is boosting the near infrared (NIR) portable spectrometer market globally. Many industries rely on R&D to develop new products or improve existing ones. NIR spectrometers are important for quality control and ensuring that these products meet the required standards.
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As per the report published by the National Center for Science and Engineering Statistics on October 4, 2022, businesses in the US spent over half a trillion dollars on R & D performance in 2020. This represents a 9.1% increase over 2019.
Near infrared (NIR) portable spectrometer is a handheld device that is used for analyzing the composition of materials. It works by shining light in the near-infrared range onto a substance and then measuring the light that gets reflected or absorbed. These spectrometers are valuable tools in a wide range of applications, from food quality testing to identifying materials in chemistry and agriculture.
The COVID-19 pandemic moderately impacted the market. The need for quality control in the production of medical supplies boosted the utilization of portable spectrometers during the pandemic. Conversely, the pandemic also disrupted the global supply chain, which impacted the production and distribution of NIR spectrometers.
Artificial Intelligence (AI) Impact on Near Infrared (NIR) Portable Spectrometer Market
Emergence of artificial intelligence is expected to propel the market in the coming years. Advanced spectrometers are utilizing AI algorithms to analyze and obtain detailed and accurate results. AI-driven analysis has streamlined processes in industries such as agriculture, pharmaceuticals, and environmental monitoring, making it easy to interpret data and make informed decisions. Additionally, AI is augmenting the capabilities of NIR portable spectrometers by making them increasingly smart and valuable tools for a wide range of applications.
Near Infrared (NIR) Portable Spectrometer Market Dynamics
Major Drivers
Increasing demand for new medical treatments, due to the growing prevalence of chronic disorders, is expected to drive the market during the forecast period. The pharmaceutical industry relies on spectrometers to ensure the composition and quality of drugs. Additionally, NIR spectrometers are employed to verify the chemical content of medications and help to maintain safety &efficacy.
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According to the report published by the National Association of Chronic Diseases Directors in 2022, approximately 40% of adults in the US have multiple chronic diseases.
Existing Restraints
High initial cost of NIR portal spectrometry is expected to hinder the market in the coming years. This initial investment deterrent for small businesses, startups, or research institutions with limited budgets and reduces the adaptation of this technology. Moreover, the technological limitation of this spectrometry device further hampers the market.
Emerging Opportunities
Ongoing advancements in NIR spectrometer technology are expected to create immense opportunities for the players competing in the market. Manufacturers are focusing on advancements to make these devices portable, user-friendly, and cost-effective. Additionally, the miniaturization and improvements in spectral analysis algorithms are expanding the NIR portable spectrometer's applications and further contributing propelling the market.
Scope of the Near Infrared (NIR) Portable Spectrometer Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Near Infrared (NIR) Portable Spectrometer Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Spectrometer Type (Optical Spectrometer, High-Resolution Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, and Others), Technique (Fluorescence Spectroscopy, Atomic Spectroscopy, Mass Spectroscopy, Molecular Spectroscopy, and Others), and Application (Forensic Science, Nanotechnology, Materials Chemistry, Drug Discovery, Environmental Testing, Life Science, Food & Agriculture, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ABB; Agilent Technologies, Inc; Anton Paar GmbH; Bruker; Hitachi High-Tech America, Inc; HORIBA, Ltd; Jasco Products Company; Newport Corporation; Oxford Instruments; PerkinElmer Inc; PerkinElmer Inc; Rigaku Corporation; Shimadzu Scientific Instruments; StellarNet, Inc; Teledyne Princeton Instruments; Thermo Fisher Scientific Inc; and ZEISS Group International |
Near Infrared (NIR) Portable Spectrometer Market Segment Insights
Spectrometer Type Analysis
Based on spectrometer type, the near infrared (NIR) portable spectrometer market is divided into the optical spectrometer, high-resolution spectrometer, mass spectrometer, fluorescence spectrometer, and others. The optical spectrometer segment is expected to hold a major market revenue share during the forecast period, due to its versatility. They are widely applicable from analyzing the chemical composition of substances to measuring temperature and assessing the quality of materials. This adaptability makes them valuable across diverse industries and further boosts their demand.
The mass spectrometry segment is expected to expand at a significant CAGR during the forecast period, owing to their usefulness in research, biopharmaceuticals, and environmental monitoring. Mass spectrometers provide detailed information about the molecular structure of substances.
Researchers utilize this information to identify and verify the chemical composition of drugs to ensure safety and effectiveness. Moreover, advancements in portable mass spectrometry led to on-site accessible analysis further fueling the segment.
Technique Analysis
On the basis of technique, the market is classified as fluorescence spectroscopy, atomic spectroscopy, mass spectroscopy, molecular spectroscopy, and others. The mass spectroscopy segment is anticipated to register robust growth during the forecast period,as it offers the ability to precisely determine the molecular composition of substances. This capability is important in various fields where precise data is essential for quality control and research. Furthermore, mass spectroscopy is highly being used for environmental monitoring, which contributes to the segment growth.
Application Analysis
In terms of application, the near infrared (NIR) portable spectrometer market is fragmented into forensic science, nanotechnology, materials chemistry, drug discovery, environmental testing, life science, food & agriculture, and others. The drug discovery segment is expected to hold a key market share during the projected period, due to the increasing demand for portable spectrometry solutions.
NIR spectrometers provide rapid and accurate analysis of potential drug candidates. This analysis allows researchers to quickly identify promising compounds and reject those that are less likely to be effective. Furthermore, pharmaceutical companies are continuously launching new therapeutic drugs,which further boost the demand for portable spectrometers.
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According to the report published by the World Health Organization (WHO) in June 2022, there were over 217 antibacterial therapeutic drugs in the preclinical stage as of September 2021.
The materials chemistry segment is projected to register a considerable CAGR during the forecast period, due to the growing utilization of portable NIR spectrometers. These devices are heavily used in material chemistry for their ability to analyze and characterize various materials rapidly and accurately. Moreover, the construction industry relies on NIR spectrometers to ensure the quality of building materials. These all factors further fuel the demand for the near-infrared portable spectrometer during the forecast period.
Regional Outlook
In terms of region, the global near infrared (NIR) portable spectrometer market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period,due to the strong industrial presence in the region. These industries rely on NIR spectrometers for quality control, process optimization, and research. Moreover, the rising number of research and development activities in this region further boosts the demand for portable spectrometer devices.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to a growing number of industries, including manufacturing, pharmaceuticals, and agriculture. This growth fuels the demand for NIR spectrometers for quality control and process optimization.
Segments
The global near infrared (NIR) portable spectrometer market has been segmented on the basis ofSpectrometer Type
- Optical Spectrometer
- High-Resolution Spectrometer
- Mass Spectrometer
- Fluorescence Spectrometer
- Others
Technique
- Fluorescence Spectroscopy
- Atomic Spectroscopy
- Mass Spectroscopy
- Molecular Spectroscopy
- Others
Application
- Forensic Science
- Nanotechnology
- Materials Chemistry
- Drug Discovery
- Environmental Testing
- Life Science
- Food & Agriculture
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ABB
- Agilent Technologies, Inc
- Anton Paar GmbH
- Bruker
- Hitachi High-Tech America, Inc
- HORIBA, Ltd
- Jasco Products Company
- Newport Corporation
- Oxford Instruments
- PerkinElmer Inc
- PerkinElmer Inc
- Rigaku Corporation
- Shimadzu Scientific Instruments
- StellarNet, Inc
- Teledyne Princeton Instruments
- Thermo Fisher Scientific Inc
- ZEISS Group International
Competitive Landscape
Key players competing in the global near infrared (NIR) portable spectrometer market are ABB; Agilent Technologies, Inc; Anton Paar GmbH; Bruker; Hitachi High-Tech America, Inc; HORIBA, Ltd; Jasco Products Company; Newport Corporation; Oxford Instruments; PerkinElmer Inc; PerkinElmer Inc; Rigaku Corporation; Shimadzu Scientific Instruments; Stellar Net, Inc; Teledyne Princeton Instruments; Thermo Fisher Scientific Inc; and ZEISS Group International
These companies are boosting their market share by adopting various strategies such as partnerships, mergers, reduction in production costs, launching new products, and implementing advanced technologies.
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On August 14, 2023, trinamiX GmbH, a key developer of advanced biometric and NIR spectroscopy solutions, launched new technologies for near-infrared spectroscopy and biometric authentication. These advanced technologies enable both humans and machines to capture data accurately and efficiently, with the ultimate goal of gaining a deeper understanding of the surrounding world.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Near Infrared (NIR) Portable Spectrometer 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 (NIR) Portable Spectrometer 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 (NIR) Portable Spectrometer Market - Supply Chain
4.5. Global Near Infrared (NIR) Portable Spectrometer Market Forecast
4.5.1. Near Infrared (NIR) Portable Spectrometer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Near Infrared (NIR) Portable Spectrometer Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Near Infrared (NIR) Portable Spectrometer Market Absolute $ Opportunity
5. Global Near Infrared (NIR) Portable Spectrometer Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Types
5.3.1. Optical Spectrometer
5.3.2. High-Resolution Spectrometer
5.3.3. Mass Spectrometer
5.3.4. Fluorescence Spectrometer
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Near Infrared (NIR) Portable Spectrometer Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Applications
6.3.1. Forensic Science
6.3.2. Nanotechnology
6.3.3. Materials Chemistry
6.3.4. Drug Discovery
6.3.5. Environmental Testing
6.3.6. Life Science
6.3.7. Food & Agriculture
6.3.8.
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Near Infrared (NIR) Portable Spectrometer Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Near Infrared (NIR) Portable Spectrometer Demand Share Forecast, 2019-2026
8. North America Near Infrared (NIR) Portable Spectrometer Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Types
8.4.1. Optical Spectrometer
8.4.2. High-Resolution Spectrometer
8.4.3. Mass Spectrometer
8.4.4. Fluorescence Spectrometer
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Applications
8.7.1. Forensic Science
8.7.2. Nanotechnology
8.7.3. Materials Chemistry
8.7.4. Drug Discovery
8.7.5. Environmental Testing
8.7.6. Life Science
8.7.7. Food & Agriculture
8.7.8.
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Near Infrared (NIR) Portable Spectrometer Demand Share Forecast, 2019-2026
9. Latin America Near Infrared (NIR) Portable Spectrometer 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
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Types
9.4.1. Optical Spectrometer
9.4.2. High-Resolution Spectrometer
9.4.3. Mass Spectrometer
9.4.4. Fluorescence Spectrometer
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Applications
9.7.1. Forensic Science
9.7.2. Nanotechnology
9.7.3. Materials Chemistry
9.7.4. Drug Discovery
9.7.5. Environmental Testing
9.7.6. Life Science
9.7.7. Food & Agriculture
9.7.8.
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Near Infrared (NIR) Portable Spectrometer Demand Share Forecast, 2019-2026
10. Europe Near Infrared (NIR) Portable Spectrometer 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. Europe Average Pricing Analysis
10.2. Europe Near Infrared (NIR) Portable Spectrometer Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
10.4. Europe Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Types
10.4.1. Optical Spectrometer
10.4.2. High-Resolution Spectrometer
10.4.3. Mass Spectrometer
10.4.4. Fluorescence Spectrometer
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Applications
10.7.1. Forensic Science
10.7.2. Nanotechnology
10.7.3. Materials Chemistry
10.7.4. Drug Discovery
10.7.5. Environmental Testing
10.7.6. Life Science
10.7.7. Food & Agriculture
10.7.8.
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Near Infrared (NIR) Portable Spectrometer Demand Share Forecast, 2019-2026
11. Asia Pacific Near Infrared (NIR) Portable Spectrometer 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. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Near Infrared (NIR) Portable Spectrometer Market Size and Volume 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. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Types
11.4.1. Optical Spectrometer
11.4.2. High-Resolution Spectrometer
11.4.3. Mass Spectrometer
11.4.4. Fluorescence Spectrometer
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Applications
11.7.1. Forensic Science
11.7.2. Nanotechnology
11.7.3. Materials Chemistry
11.7.4. Drug Discovery
11.7.5. Environmental Testing
11.7.6. Life Science
11.7.7. Food & Agriculture
11.7.8.
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Near Infrared (NIR) Portable Spectrometer Demand Share Forecast, 2019-2026
12. Middle East & Africa Near Infrared (NIR) Portable Spectrometer 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. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Types
12.4.1. Optical Spectrometer
12.4.2. High-Resolution Spectrometer
12.4.3. Mass Spectrometer
12.4.4. Fluorescence Spectrometer
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Near Infrared (NIR) Portable Spectrometer Market Size and Volume Forecast by Applications
12.7.1. Forensic Science
12.7.2. Nanotechnology
12.7.3. Materials Chemistry
12.7.4. Drug Discovery
12.7.5. Environmental Testing
12.7.6. Life Science
12.7.7. Food & Agriculture
12.7.8.
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Near Infrared (NIR) Portable Spectrometer Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Near Infrared (NIR) Portable Spectrometer Market: Market Share Analysis
13.2. Near Infrared (NIR) Portable Spectrometer Distributors and Customers
13.3. Near Infrared (NIR) Portable Spectrometer Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. ABB
13.4.2. Agilent Technologies, Inc
13.4.3. Anton Paar GmbH
13.4.4. Bruker
13.4.5. Hitachi High-Tech America, Inc
13.4.6. HORIBA, Ltd
13.4.7. Jasco Products Company
13.4.8. Newport Corporation
13.4.9. Oxford Instruments
13.4.10. PerkinElmer Inc
13.4.11. PerkinElmer Inc
13.4.12. Rigaku Corporation
13.4.13. Shimadzu Scientific Instruments
13.4.14. StellarNet, Inc
13.4.15. Teledyne Princeton Instruments
13.4.16. Thermo Fisher Scientific Inc
13.4.17. ZEISS Group International
Methodology
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