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 $1.01 billion by 2035.
Global Portable Near Infrared Spectroscopy Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$M)
CAGR, 2024 - 2034
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.
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.
ZEISS, Axiom Optics, VIAVI Solutions 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 India 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 $81 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
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.
Europe Outlook
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.
Market Dynamics and Supply Chain
Driver: Technological Advancements in Spectroscopy, and Rise in Food Safety Awareness
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.
Restraint: High Instrumentation Costs
Opportunity: Agricultural Expansion and Rising Interest in Personal Healthcare
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.
Challenge: Lack of Skilled Personnel
Supply Chain Landscape
Alcoa
Rio Tinto
Thermo Fisher Scientific
Bruker Corporation
Foss A/S
Agilent Technologies Inc
PerkinElmer
Pharmaceutical Industry
Chemical Industry
Food and Beverage Industry
Agriculture Industry
Alcoa
Rio Tinto
Thermo Fisher Scientific
Bruker Corporation
Foss A/S
Agilent Technologies Inc
PerkinElmer
Pharmaceutical Industry
Chemical Industry
Food and Beverage Industry
Agriculture Industry
Applications of Portable Near Infrared Spectroscopy in Pharmaceutical Quality Control, Material Identification in Recycling Industry & Food & Agriculture Analysis
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.
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.
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.
Recent Developments
Thermo Fisher Scientific has introduced a line of portable Near Infrared Spectroscopy devices called SpectraTracer Pro which greatly improves the collection of fieldwork data.
PerkinElmer integrated Micro Spectral Analysis, with Near Infrared Spectroscopy when they unveiled the portable device known as Lambda NIR Go.
Shimadzu Corporation made its debut in the Near Infrared Spectroscopy market by launching the MobIR M111 which offers superior spectral resolution and Bluetooth connectivity.