Report Highlights
The global spectroscopy market reached $13.5 billion in 2015 and should reach $15.6 billion in 2020, a compound annual growth rate (CAGR) of 2.9% through 2020.
Report Includes
- An overview of the global market for spectroscopy, including definitions and history of the science, and an introduction to the different types of spectroscopy equipment
- Analyses of global market trends, with data from 2013 and 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Discussion of the different types of spectroscopic analysis: bulk, mixture, surface, and spectroscopic microanalysis
- Examination of the markets for spectroscopic instruments by their typical applications; these applications are broken into six main groups: biotechnology, environmental, food and beverage, industrial chemistry, materials, and pharmaceuticals
- Evaluations of the technology, with an emphasis on both established and new spectroscopic technologies
- Present and future trends within the spectroscopy market, which includes molecular, atomic, mass/hyphenated, and some other types of spectroscopies
- Coverage of the structure and activities of the spectroscopic industry, with emphasis on industry classification, the active mergers-and-acquisitions (M&A) business, marketing and competitive factors, and major domestic producers and suppliers
- Profiles of the major players and suppliers in the industry
Report Scope
This report focuses on the global market of spectroscopy products and provides an updated review, including its applications in various applications. The report deals with spectroscopy products covering the total market, which includes three main industries: pharmaceutical and biotechnology, food and beverage, and environmental industries. This report also considers other industries such as textile or metal industries, forensics, energy, etc.
The scope of the study is global. BCC Research analyzed each market and its application, regulatory environment, new products and advancements, market projections and market shares. The geographical regions covered in the report are North America, Europe and the emerging markets. The emerging market covers countries such as India, China, Japan, Korea, Taiwan, Africa, Australia, New Zealand and Canada.
Also included in the report are relevant patent analysis and comprehensive profiles of companies that are leading the spectroscopy products industry. Major market players in this industry are Thermo Fisher Scientific, Danaher Corp., Bruker Corp., Jeol Ltd., Agilent Technologies, Shimadzu Corp., Waters Corp. and PerkinElmer.
Analyst Credentials
Shalini Shahani Dewan focuses on pharmaceuticals and biotechnology and has been a BCC Research contributor since 2002 as both an analyst and project manager. She has explored a wide range of topics and companies, including working for Johnson & Johnson doing market surveillance. She has an undergraduate degree in pharmacy and master's degree in medicinal chemistry. She resides in the Bay Area.
Report Highlights
The global spectrometry market increased from $7.8 billion in 2011 to $8.5 billion in 2012 and is expected to reach $14.8 billion in 2017, a compound annual growth rate (CAGR) of 11.7% for the forecast period of 2012 to 2017.
Report Includes
- An overview of the global market for spectroscopy, including definitions and history of the science, and an introduction to the different types of spectroscopy equipment.
- Discussion of the different types of spectroscopic analysis: bulk, mixture, surface, and spectroscopic microanalysis.
- Examination of the markets for spectroscopic instruments by their typical applications; these applications are broken into six main groups: biotechnology, environmental, food and beverage, industrial chemistry, materials, and pharmaceuticals.
- Evaluations of the technology, with an emphasis on both established and new spectroscopic technologies.
- Coverage of the structure and activities of the spectroscopic industry, with emphasis on industry classification, the active mergers-and-acquisitions (M&A) business, marketing and competitive factors, and major domestic producers and suppliers.
- Comprehensive company profiles of the major suppliers in the industry.
Report Highlights
-
The total U.S. spectroscopy market by application was worth $4.9 billion in 2009. This market is expected to increase by a compound annual growth rate (CAGR) of 6% to reach $6.5 billion in 2014.
-
Pharmaceuticals, the current application market leader, had a 2009 value of more than $1 billion. This market is expected to grow at a compound annual growth rate (CAGR) of 6.1% to reach $1.4 billion in 2014.
-
Molecular spectroscopy is a large market that in 2009 was estimated to be about $1.8 billion. It should expand at a compound annual growth rate (CAGR) of 6.1% to nearly $2.4 billion in 2014.
Report Highlights
-
The total U.S. market for spectroscopic instruments was more than $3.6 billion in 2005. At an average annual growth rate (AAGR) of 7.7%, this market will cross $5.2 billion by 2010
-
Molecular spectroscopy, the science of analysis of molecules, consists of infrared (IR), ultraviolet and visible (UV-Vis or UV/Vis), Raman, and nuclear and electron spin resonance (NMR/ESR) spectroscopy. This is a large market that in 2005 BCC Research estimates to be about $1.2 billion, growing at an AAGR of 7.2% to almost $1.7 billion in 2010.
-
Atomic spectroscopy, concerned more with the determination and analysis of individual atoms, consists of atomic absorption (AA), X-ray, arc/spark, and plasma spectroscopy. This total market in the United States was about $942 million in 2005 and should grow at an AAGR of 6.6% to almost $1.3 billion in 2010.
Report Highlights
-
The 2002, the U.S. spectroscopy market was about $ 2.8 billion, increasing at a 9.1% average annual growth rate (AAGR).
-
Fastest growth will be in hyphenated spectroscopy, increasing at a 12.2% AAGR.
-
Sales of hyphenated spectroscopy will reach about $787.9 million in 2007.
-
Mass spectroscopy will show a 10.9% AAGR, and 2007 sales of $930.5 million.
Related Reports
Forensic Technologies: New and Growing Markets
The global market for forensics technology is estimated to increase from $20.9 billion in 2022 to reach $42.1 billion by 2027, at a compound annual growth rate (CAGR) of 15.0% from 2022 through 2027.
Biometrics Extended by Affective Computing: Technologies and Global Markets
The global biometrics market reached $21.6 billion in 2021 and should reach more than $44.7 billion in 2026, with a compound annual growth rate (CAGR) of 15.7% during the forecast period of 2021-2026.
Global Markets for Enzymes in Industrial Applications
The global market for enzymes in industrial applications should grow from $6.4 billion in 2021 to $8.7 billion by 2026, at compound annual growth rate (CAGR) of 6.3% for the period of 2021-2026.
Global Markets for Enzyme Inhibitors
The global market for enzyme inhibitors should reach $179.9 billion by 2022 from $168 billion in 2017 at a compound annual growth rate (CAGR) of 1.4%, from 2017 to 2022.
Recent Reports
Sensors: Technologies and Global Markets
The global market for sensors is estimated to increase from $179.7 billion in 2023 to reach $300.5 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% from 2024 through 2029.
Pharmacy Automation: Technologies and Global Markets
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Temperature Sensors: Global Markets
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
Analytical Laboratory Instruments Manufacturing: Global Markets
The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.
Autonomous Trucks: Global Markets
The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More