Technavio has been monitoring the near infrared spectroscopy market and it is poised to grow by USD 310.67 million during 2020-2024, progressing at a CAGR of 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Near Infrared Spectroscopy Market 2020-2024 (Graphic: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Agilent Technologies Inc., Avantes BV, Bruker Corp., BÜCHI Labortechnik AG, FOSS India Pvt. Ltd., Lumex Instruments, PerkinElmer Inc., Thermo Fisher Scientific Inc., Zeltex LLC., and ZEUTEC Opto-Elektronik GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Rising food safety concerns has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Near Infrared Spectroscopy Market 2020-2024: Segmentation
Near Infrared Spectroscopy Market is segmented as below:
- Product
- Benchtop
- Portable
- Geographic Landscape
- Asia
- Europe
- North America
- ROW
- End-user
- Pharmaceutical and Biomedical Industry
- Food and Beverage Industry
- Other Industry
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Near Infrared Spectroscopy Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The near infrared spectroscopy market report covers the following areas:
- Near Infrared Spectroscopy Market Size
- Near Infrared Spectroscopy Market Trends
- Near Infrared Spectroscopy Market Analysis
This study identifies the evolution of miniature NIR spectrometers as one of the prime reasons driving the near infrared spectroscopy market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Near Infrared Spectroscopy Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist near infrared spectroscopy market growth during the next five years
- Estimation of the near infrared spectroscopy market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the near infrared spectroscopy market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of near infrared spectroscopy market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Benchtop Market size and forecast 2019-2024
- Portable Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Pharmaceutical and biomedical industry Market size and forecast 2019-2024
- Food and beverage industry Market size and forecast 2019-2024
- Other industry Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- Asia Market size and forecast 2019-2024
- ROW Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Agilent Technologies Inc.
- Avantes BV
- Bruker Corp.
- BÜCHI Labortechnik AG
- FOSS India Pvt. Ltd.
- Lumex Instruments
- PerkinElmer Inc.
- Thermo Fisher Scientific Inc.
- Zeltex LLC.
- ZEUTEC Opto-Elektronik GmbH
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200721005659/en/
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