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 latest report is furnished with a detailed examination of the Near Infrared Spectroscopy market and the global economic landscape ravaged by the ongoing COVID-19 pandemic. The global market is expected to grow as a result of factors such as a growing risk of data leakage, an increasing use of advanced technologies like artificial intelligence (AI), the Internet of Things, and cloud services to manage large amounts of data, as well as a growing investment in research and development activities for developing advanced devices and solutions.

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 Key Players operating in the industry are:

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

Radical Features of the Near Infrared Spectroscopy Market Report:

• The report encompasses Near Infrared Spectroscopy market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
• Supply chain analysis along with technological advancements offered in the report
• The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Near Infrared Spectroscopy industry

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Segmentation:

• Modality Outlook (Revenue, USD Million; 20182028)

  • Benchtop
  • Portable

• Technology Outlook (Revenue, USD Million; 20182028)

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

• Application Outlook (Revenue, USD Million; 20182028)

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

Regional Analysis Covers:

• 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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