The global Near Infrared (NIR) spectroscopy market size is expected to reach USD 437.3 Million at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. Near infrared spectroscopy helps in identifying healthy and infected seeds. It can also classify the degree to which seeds are infected. Near infrared spectroscopy is an accurate and non-destructive detection method with potential for quality control of seeds and safety assessment, which drives its demand in agricultural industry. However, high cost of near infrared spectroscopy devices and lack of awareness are some factors hindering market growth.
Global Near Infrared Spectroscopy Market Research Report and Forecast to 2028 is an investigative report providing an extensive study of the global Near Infrared Spectroscopy market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Near Infrared Spectroscopy market on the global and regional scale, along with a thorough forecast estimation to 2028.
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Near infrared spectroscopy is among the most widely used analytical techniques in control of food and quality testing. Contamination of food is the most common cause of concerns globally. According to the World Health Organization, there are approximately 200 types of diseases as a result of consumption of contaminated food every year. It is also estimated that more than 600 million people fall ill from intake of unsafe food and approximately 420,000 die every year due to the same. Contaminated food is a major cause of concern and application of near infrared spectroscopy to test the quality of food is driving growth of the near infrared spectroscopy market revenue.
Emergen Research has segmented the global near infrared spectroscopy market on the basis of modality, technology, application, and region:
- Modality Outlook (Revenue, USD Million; 2018–2028)
- Technology Outlook (Revenue, USD Million; 2018–2028)
- Dispersive Infrared Spectroscopy
- Fourier Transform Infrared (FT-IR) Spectroscopy
- Application Outlook (Revenue, USD Million; 2018–2028)
- Medical uses
- Astronomical Spectroscopy
- Remote Monitoring
- Particle Measurement
- Material Science
- Industrial uses
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
Agilent Technologies, PerkinElmer, Thermo Fisher Scientific Inc., Bruker Corp., Hitachi Ltd., Shimadzu Corporation, Carl Zeiss AG, JASCO International Co., Ltd., Horiba Ltd., and Lumex Instruments.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
Study of the global Near Infrared Spectroscopy market size by key regions, types, and applications with reference to historical data (2017-2019) and forecast (2021-2028)
Industrial structure analysis of the Near Infrared Spectroscopy market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Analysis of Near Infrared Spectroscopy market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Near Infrared Spectroscopy market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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