NEW YORK , Aug. 22, 2024 /PRNewswire/ -- The global near-infrared (NIR) spectroscopy market size is estimated to grow by USD 698.9 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 13.59% during the forecast period. Rising food safety concerns is driving market growth, with a trend towards evolution of miniature nir spectrometers.
However, high cost of nirs devices poses a challenge. Key market players include ABB Ltd., Agilent Technologies Inc.
, Avantes BV, B and W Tek, Brimrose Corp. Of America, Bruker Corp., BUCHI Labortechnik AG, Foss, Hamamatsu Photonics KK, Lumex Instruments, Metrohm AG, Ocean Insight, Perkin Elmer Inc.
, Polytec GmbH, Sartorius AG, Shimadzu Corp., Thermo Fisher Scientific Inc., Viavi Solutions Inc.
, Zeltex LLC, and ZEUTEC. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Key Market Trends Fueling Growth The market for Near-Infrared (NIR) spectroscopy is expanding due to the growing adoption of miniature NIR spectrometers. These compact instruments, with condensed optical systems, image sensors, and circuits, offer advantages such as portability and flexibility for field use.
They are increasingly used in industries like chemical, food manufacturing, and pharmaceuticals for online and at-line process monitoring and control. Handheld NIR spectrometers enable rapid, non-destructive testing of raw materials in warehouses, reducing th.