Near-infrared or NIR spectroscopy is a measurement of the wavelength and intensity of the absorption of NIR light by a sample. NIR spectroscopy is usually used for quantitative measurement of organic functional groups such as O-H, N-H, and C=O. Spectroscopy is a technique, used to determine the structure, mass, and composition of a substance. It is the study of an interaction between matter and electromagnetic radiation. Its primary benefit for industrial applications is an ability to employ robust, low-cost optical fibers to form a convenient optical probe for collecting the spectral data on which the material documentation is based. The matter includes atoms, atomic or molecular ions, molecules, and solids. The nature of the interaction between matter and the radiation may include absorption, emission, or scattering.
The key advantages are included multicomponent analysis, high energy sources, mature technology, large dynamic range of sample thickness, medium sensitivity, low maintenance costs, limited operator training needed, long path length cells, favorable S/N ratio, non-invasive & non-destructive, mature technology, fiber optic probes and others. Apart from advantages, few of the disadvantages are included dependence on a large reference set, influence of sample morphology, troublesome calibration transfer, lack of reference data, strict sample temperature control required and need for quantitative calibration model.
According to study, “World Near-infrared Spectroscopy Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world near-infrared spectroscopy market are Thermo Fisher Scientific, Agilent Technologies, Bruker, Shimadzu, Fo A/S, Sartorius, PerkinElmer, Yokogawa Electric, Jasco, ABB, Buchi Labortechnik, Kett Electric. The key vendors are introducing products with a high storage capacity especially for applications which need to store huge amounts of data for instance drones, action cameras, and video surveillance systems.
Based on type, near-infrared spectroscopy market is segmented into UV-Vis-NIR, FT-NIR and other types. Based on product, market is segmented into portable and bench top. In addition, based on application, market is segmented into polymer industry, pharmaceutical industry, food & beverage industry and oil & gas industry. The food & beverage industry use NIRS to detect food quality due to advantages such as no requirement of sample preparation, high speed of measurement, no change in food properties, low cost and lack of substance pollution. It is mainly used to analyze the fermentation, flavors, and fragrances of food products.
The near-infrared spectroscopy market is driven by rise in food safety concerns, followed by gradual growth in atomic & molecular physics and increase in use of NIRS during process monitoring. However, lack of awareness among physician and high cost of device may impact the market. Moreover, transition toward cloud-based technologies is a key trend for market.
Based in geography, the North-American region holds major share, followed by European region in near-infrared spectroscopy market owing to extensive use of the technology in research & development (R&D) process in the region. China and India countries are expected to witness higher growth rate due to availability of resources and rise in demand for research process caused by the economic environment over the forecast period. It is projected that the market will be reached at US $580 million by 2024, at a CAGR of 3.9%.
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Ankur Gupta, Head Marketing & Communications