The global Near Infrared (NIR) spectroscopy market size is expected to reach USD 437.3 Million at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. Near infrared spectroscopy market revenue growth is driven by steady rise in demand for specific tests and improved quality results. The technology offers various advantages and is used extensively in fields such as food, pharmacy, chemicals, and agriculture which is driving market revenue growth to a significant extent currently.

The report enumerates the key market players, scrutinizing their strategic initiatives such as collaborations & partnerships, mergers & acquisitions, joint ventures, technological innovation, and new product launches. The analysts have implemented several industry-leading methods for data collection. The report elaborates on the current scenario by taking a closer look at the major players, cost structures, and product pricing. Therefore, the latest report focuses on several pivotal factors influencing market growth, including market size, sales volume, revenue forecast, regional concentration, and ongoing market trends.

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Key companies operating in the Near Infrared Spectroscopy market include:

Agilent Technologies, PerkinElmer, Thermo Fisher Scientific Inc., Bruker Corp., Hitachi Ltd., Shimadzu Corporation, Carl Zeiss AG, JASCO International Co., Ltd., Horiba Ltd., and Lumex Instruments

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Near Infrared Spectroscopy market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Near Infrared Spectroscopy Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Near Infrared Spectroscopy Market Segmentation:

• Modality Outlook (Revenue, USD Million; 2018–2028)

  • Benchtop
  • Portable

• Technology Outlook (Revenue, USD Million; 2018–2028)

  • Dispersive Infrared Spectroscopy
  • Fourier Transform Infrared (FT-IR) Spectroscopy

• Application Outlook (Revenue, USD Million; 2018–2028)

  • Medical uses
  • Astronomical Spectroscopy
  • Remote Monitoring
  • Agriculture
  • Particle Measurement
  • Material Science
  • Industrial uses
  • Others

Near Infrared Spectroscopy Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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