Portable Near Infrared Spectroscopy Market
Portable Near Infrared Spectroscopy Market
The market for Portable Near Infrared Spectroscopy was estimated at $345.00 million in 2024; it is anticipated to increase to $621 million by 2030, with projections indicating growth to around $1.01 billion by 2035.
Report Summary
Table of Contents
Methodology
Market Data
Global Portable Near Infrared Spectroscopy Market Outlook
Revenue, 2024 (US$M)
$345M
Forecast, 2034 (US$M)
$919M
CAGR, 2024 - 2034
10.3%
The Portable Near Infrared Spectroscopy industry revenue is expected to be around $380.5 million in 2025 and expected to showcase growth with 10.3% CAGR between 2025 and 2034. The technologys profound potential in diverse fields - from agriculture and pharmaceuticals to oil & gas and food & beverage industries - signifies its pivotal role in triggering robust technological evolution.</p><p>With its portability and efficiency features Portable Near Infrared Spectroscopy enables real time non invasive testing and quality assurance making it a crucial tool in the ever evolving industrial world. The current rise in nano level applications and the growing digitalization trend, within the domain are significant factors influencing this market.</p>
Market Key Insights
- The Portable Near Infrared Spectroscopy market is projected to grow from $345.0 million in 2024 to $919 million in 2034. This represents a CAGR of 10.3%, reflecting rising demand across Pharmaceutical Quality Control, Material Identification in Recycling Industry and Food and Agriculture Analysis.
- Thermo Fisher Scientific Inc., Agilent Technologies Inc., Bruker Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Portable Near Infrared Spectroscopy market and are expected to observe the growth CAGR of 7.5% to 10.8% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and UAE are expected to observe highest growth with CAGR ranging between 9.9% to 12.9%.
- Transition like Adoption of AI in Spectroscopy is expected to add $80.7 million to the Portable Near Infrared Spectroscopy market growth by 2030
- The Portable Near Infrared Spectroscopy market is set to add $575 million between 2024 and 2034, with manufacturer targeting Agriculture & Food & Beverage Application Type projected to gain a larger market share.
- With Technological advancements in spectroscopy, and Growth in pharmaceutical and biotech sectors, Portable Near Infrared Spectroscopy market to expand 167% between 2024 and 2034.
Opportunities in the Portable Near Infrared Spectroscopy
The use of Portable Near Infrared Spectroscopy could transform the field of forensics and law enforcement by enabling the detection of substances, within sealed packages to expedite investigations and mitigate risks linked to handling materials.
Growth Opportunities in North America and Europe
North America Outlook
<p>The Portable Near Infrared Spectroscopy market in North America is well established and fiercely competitive with advancements in technology shaping market trends across industries such as pharmaceuticals, agriculture, and food & beverage. Thermo Fisher Scientific and Bruker are players in the region with growth prospects identified in fields like environmental testing due to the regions emphasis, on sustainability.</p>
Europe Outlook
<p>The Portable Near Infrared Spectroscopy market in Europe is experiencing growth thanks to the thriving healthcare and pharmaceutical industries in the region with companies like Spectral Engines leading the competition field. The technology offers advantages in the premium wine and spirits sector and adherence to safety regulations is pivotal for its expanded use, across Europe.</p>
Market Dynamics and Supply Chain
01
Driver: Technological Advancements in Spectroscopy, and Rise in Food Safety Awareness
Technology has also rapidly evolved in the field of spectroscopy leading to improvements in Portable Near Infrared Spectroscopy devices functionality and effectiveness. The integration of intelligence and ML, for enhanced result analysis is also fueling market growth. The increased adoption of devices, driven by their convenience and efficiency is also also contributing to this rising demand trend. The increasing focus worldwide on ensuring food safety and maintaining high quality standards has also heightened the demand for measurement methods within industries that produce food and beverages. Devices like PNIS have also emerged as tools due to their ability to provide quick and non invasive analysis methods that are also well suited for the food and beverage sector. This growing emphasis on food safety measures and the necessity for analytical techniques have also played a significant role, in driving market expansion.<br>The growing use of PNIS in pharmaceutical and biotech sectors is also a driver of market growth as these tools are also commonly used for quality control processes and research and development activities as well, as drug formulation tasks that contribute to the markets expansion.
02
Restraint: High Instrumentation Costs
The high price of Portable Near Infrared Spectroscopy devices is a challenge in the market sector for these tools due to their sophisticated technology and complex construction that drives up their costs—a factor that might deter cost conscious consumers and small businesses from investing in them and potentially restrict the expansion of the portable near infrared spectroscopy market, as a whole.
03
Opportunity: Agricultural Expansion and Rising Interest in Personal Healthcare
An unexplored use of Portable Near Infrared Spectroscopy involves its ability to enhance processes by providing instant and non invasive assessments of nutrient levels in crops and soil areas significant improvement in crop quality and soil fertility may boost the demand, for agriculture products.<br>In today's health worldThere'sa growing chance for Portable Near Infrared Spectroscopy in personal healthcare. This tool allows non invasive detection making it ideal for tracking nutritional and chemical components, in food as a practical way to meet dietary objectives.
04
Challenge: Lack of Skilled Personnel
A notable challenge also arises from the shortage of individuals who can effectively handle and analyze the data generated by these advanced devices like portable NIR spectroscopy tools demand technical know how, for optimal usage and result interpretation the limited availability of proficient experts might hamper market growth as potential users may hesitate to invest in a device they might find difficult to operate accurately.
Supply Chain Landscape
1
Raw Material Procurement
Alcoa
Rio Tinto
2
Component Manufacturing & Assembly
Thermo Fisher Scientific
Bruker Corporation
Foss A/S
3
Distribution & Sales
Agilent Technologies Inc
PerkinElmer
4
End User Applications
Pharmaceutical Industry
Chemical Industry
Food and Beverage Industry
Agriculture Industry
1
Raw Material Procurement
Alcoa
Rio Tinto
2
Component Manufacturing & Assembly
Thermo Fisher Scientific
Bruker Corporation
Foss A/S
3
Distribution & Sales
Agilent Technologies Inc
PerkinElmer
4
End User Applications
Pharmaceutical Industry
Chemical Industry
Food and Beverage Industry
Agriculture Industry
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Portable Near Infrared Spectroscopy in Pharmaceutical Quality Control, Material Identification in Recycling Industry and Food and Agriculture Analysis
Pharmaceutical Quality Control
<p>Portable Near Infrared Spectroscopy is essential for maintaining quality control and assurance in the sector by examining drug composition and purity to uphold standards and patient well being without the requirement, for sample preparation. Its capability to analyze liquid substances efficiently makes it a valuable tool that is non invasive and cost effective. Companies such as Thermo Fisher Scientific have leveraged these benefits by incorporating PNIRS into their systems, for testing and managing quality.</p>
Food and Agriculture Analysis
<p>PNIRS is also utilized in the food and agriculture industries for purposes such as evaluating nutritional value and freshness of food products and detecting any adulteration or contaminants present in them without damaging the samples. Which sets it apart from conventional analysis methods due, to its quick testing capabilities. Buchi Labortechnik AG stands out as a leading company that has spearheaded the creation of NIR Spectroscopy solutions specifically designed for food and agriculture analysis purposes.</p>
Material Identification in Recycling Industry
<p>Using PNIRS eliminates the need for sample preparation in material identification for recycling. Its efficiency and precision have made it a top pick, in the recycling industry.</p>
Recent Developments
December 2024
<p>Thermo Fisher Scientific has introduced a line of portable Near Infrared Spectroscopy devices called SpectraTracer Pro which greatly improves the collection of fieldwork data.</p>
October 2024
<p>PerkinElmer integrated Micro Spectral Analysis, with Near Infrared Spectroscopy when they unveiled the portable device known as Lambda NIR Go.</p>
August 2024
<p>Shimadzu Corporation made its debut in the Near Infrared Spectroscopy market by launching the MobIR M111 which offers superior spectral resolution and Bluetooth connectivity.</p>
Portable Near Infrared Spectroscopy is a cutting edge technology in the field of instruments that has experienced a notable surge in current market patterns. Significant advancements involve the growing adoption of this technology across sectors, like pharmaceuticals, food and agriculture aerospace, forensic science and even arts and cultural heritage.
Impact of Industry Transitions on the Portable Near Infrared Spectroscopy Market
As a core segment of the Medical Device industry,
the Portable Near Infrared Spectroscopy market develops in line with broader industry shifts.
Over recent years, transitions such as Adoption of AI in Spectroscopy and Growth of Portable Devices in Healthcare have redefined priorities
across the Medical Device sector,
influencing how the Portable Near Infrared Spectroscopy market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Adoption of AI in Spectroscopy
The incorporation of intelligence into portable near infrared spectroscopy marks a notable shift that is transforming the industry landscape significantly. AI has the capability to automatically examine and explain information with enhanced precision and speed which ultimately leads to more reliable and timely outcomes. With the increasing need for swift data analysis in sectors such as pharmaceuticals and agriculture the utilization of AI technologies, in spectroscopy is expected to see a rise providings the market with a competitive advantage.
02
Growth of Portable Devices in Healthcare
The healthcareindustry'sincreasing dependence on devices for medical diagnosis represents a significant shift, in the fields landscape. Prominence is being gained by near infrared spectroscopy for its non invasive approach and its capacity to offer immediate analysis of biological samples.