Global Near Infrared (NIR) Portable Spectrometer Market – Industry Trends and Forecast to 2030

Global Near Infrared (NIR) Portable Spectrometer Market, By Application (Nanotechnology, Drug Discovery, Environmental Testing, Food and Agriculture, Life Sciences, Materials Chemistry, Forensic Science, Others), Spectrometer Type (Optical Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, High-Resolution Spectrometer, Others), Technique (Atomic Spectroscopy, Mass Spectrometry, Molecular Spectroscopy, Fluorescence Spectroscopy) - Industry Trends and Forecast to 2030.

Near Infrared (NIR) Portable Spectrometer Market Analysis and Size

Near infrared spectroscopy is considered a crucial technique in the pharmaceutical industry for analysis of raw materials and quality control testing. These spectrometers are being highly used owing to the rise in prevalence of chronic diseases.

The near infrared (NIR) portable spectrometer market was valued at USD 195.43 million in 2022 and is expected to reach USD  481.61 million by 2030, registering a CAGR of 10.5% during the forecast period of 2023-2030. “Drug Discovery” is expected to witness high growth in the application segments owing to the increase in disease incidences. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Near Infrared (NIR) Portable Spectrometer Market Scope and Segmentation

Market Definition

A near infrared (NIR) portable spectrometer is a handheld or compact device used for analyzing the near-infrared region of the electromagnetic spectrum. This analytical instrument is designed to measure the absorption, reflection, or transmission of light in the near-infrared range, typically spanning wavelengths from about 700 to 2500 nanometers (nm). NIR spectroscopy relies on the interaction between NIR light and matter, specifically the molecular vibrations and overtones of chemical bonds in various substances. By measuring how NIR light interacts with a sample, the portable spectrometer can provide valuable information about the composition, concentration, and properties of the materials being analyzed. This technique is widely used in various fields, including agriculture, food and beverage, pharmaceuticals, environmental monitoring, and others.  

Global Near Infrared (NIR) Portable Spectrometer Market Dynamics

Drivers

• Penetration of Near Infrared (NIR) Portable Spectrometer

The increase in the penetration of near infrared (NIR) portable spectrometer into non-contact temperature measurement, astronomy, life sciences, and materials chemistry applications acts as one of the major factors driving the growth of near infrared (NIR) portable spectrometer market

• Demand from Various Industries

The increase in the number of applications from various industries for identifying material characteristics, measuring of emission, and absorbing of electromagnetic spectra accelerate the market growth. Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the near infrared (NIR) portable spectrometer market

• Surge in Investments

The surge in the investment for research and development activities further influence the market. Also, adoption of food fingerprinting techniques has a positive impact on the market

Opportunities

• Adoption of Near Infrared Spectroscopy on Seed Quality Detection

Adoption of near infrared spectroscopy in seed quality detection extend profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, development of advanced product for biological applications will further expand the market

Restraint/Challenge

• Technical Limitations

On the other hand, availability of used devices along with technical limitations are expected to obstruct market growth. Also, stringent regulations pertaining to import and export is projected to challenge the near infrared (NIR) portable spectrometer market in the forecast period of 2023-2030.

This near infrared (NIR) portable spectrometer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on near infrared (NIR) portable spectrometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• On March 2022, A multi-year partnership agreement has been reached by KPM Analytics Inc. and AB Vista, the feed additives business of AB Agri Limited. The new licensing agreement increases the calibration development, customization, and support operations between the two businesses and solidifies the strategic partnership between KPM Analytics and AB Vista
• On March 2020, A mobile near-infrared (NIR) spectroscopy solution has been released, according to trinamiX GmbH (Ludwigshafen, Germany), a fully owned subsidiary of BASF SE. trinamiX's innovative Mobile Near Infrared (NIR) Spectroscopy Solutions assist in enhancing immediate decision-making

Global Near Infrared (NIR) Portable Spectrometer Market Scope

The global near infrared (NIR) portable spectrometer market is segmented on the basis of spectrometer type, application, and technique. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Spectrometer Type

• Optical Spectrometer
• Mass Spectrometer
• Fluorescence Spectrometer
• High-Resolution Spectrometer
• Others

Technique

• Atomic Spectroscopy
• Mass Spectrometry
• Molecular Spectroscopy
• Fluorescence Spectroscopy

Application

• Nanotechnology
• Drug Discovery
• Environmental Testing
• Food and Agriculture
• Life Sciences
• Materials Chemistry
• Forensic Science
• Others

Global Near Infrared (NIR) Portable Spectrometer Market Regional Analysis/Insights

The global near infrared (NIR) portable spectrometer market is analysed and market size insights and trends are provided by spectrometer type, application, and technique as referenced above.

The countries covered in the global near infrared (NIR) portable spectrometer market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the near infrared (NIR) portable spectrometer market because of the increasing number of research and development activities within the region. Moreover, Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 because of the growth of the pharmaceutical industry in India, China, and Japan

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.    

Competitive Landscape and Global Near Infrared (NIR) Portable Spectrometer Market Share Analysis

The global near infrared (NIR) portable spectrometer market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the global near infrared (NIR) portable spectrometer market.

Some of the major players operating in the global near infrared (NIR) portable spectrometer market are:

• Thermo Fisher Scientific Inc. (U.S.)
• Anton Paar GmbH (Austria)
• Bruker (U.S.)
• PerkinElmer Inc. (U.S.)
• Hitachi High-Tech Corporation (Japan)
• ABB (Sweden)
• Agilent Technologies, Inc. (U.S.)
• JASCO. (Japan)
• Newport Corporation (U.S.)
• Oxford Instruments (U.K.)
• Shimadzu Scientific Instruments. (Japan)
• Rigaku Corporation (Japan)
• HORIBA Europe GmbH (Germany)
• Teledyne Princeton Instruments. (New Jersey)
• PerkinElmer Inc. (U.S.)
• StellarNet, Inc. (U.S.)
• ZEISS International (Germany)