Near Infrared (NIR) Portable Spectrometer Market Latest Innovation, Upcoming Trends, Top Companies, Growth, Regional Analysis and Forecast by 2029

A top-notch Near Infrared (NIR) Portable Spectrometer Market research report has been structured by skilful and experienced team players who work hard to accomplish an absolute growth and success in the business. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The key research methodology used throughout this report by DBMR research team is data triangulation which entails data mining, analysis of the impact of data variables on the market, and primary validation. Adopting such Near Infrared (NIR) Portable Spectrometer market report is always beneficial for any company, whether it is a small scale or large scale, for marketing its products or services.

Global Near Infrared (NIR) Portable Spectrometer Market was valued at USD 182.30 million in 2021 and is expected to reach USD 470.45 million by 2029, registering a CAGR of 10.10% during the forecast period of 2022-2029. Drug Discovery is expected to witness high growth in the application segments owing to the increase in disease incidences. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Near Infrared (NIR) Portable Spectrometer Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

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.

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.

Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the near infrared (NIR) portable spectrometer market.

Opportunities

Furthermore, adoption of near infrared spectroscopy in seed quality detection extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of advanced product for biological applications will further expand the market.

Restraints/Challenges

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 2022-2029.

Key Players Mentioned in the Near Infrared (NIR) Portable Spectrometer Market Research Report:

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

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Near Infrared (NIR) Portable Spectrometer Market Segmentations:

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

Geographic Segment Covered in the Report:

North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)

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