The spectroscopic technique has been applied virtually in technical fields of science and technology. Process spectroscopy has been majorly getting adopted for the analysis of the manufactured products. Moreover, process spectroscopic has several advantages such as it is time-efficient, and it can reduce the overall cost of product monitoring.  In addition, process spectroscopic can be used with a number of processes such as Raman spectroscopic, near-infrared, and Fourier transform infrared spectroscopic.

Market Dynamics:

The adoption of a process spectroscopic is mainly get attributed due to an increasing focus of manufacturers on manufacturing the products according to international standards such as ISO, which requires proper monitoring and analysis of manufactured products.

 Moreover, increasing adoption of spectroscopic techniques by various end use industries such as healthcare, and food & agriculture, and regulations imposed by the governments such as for ensuring the quality of drugs FDA is imposing Current Good Manufacturing Practice (CGMP) regulations, are among the factors that are stimulating the market growth.

Concerns regarding the safety and security of user data are expected to hamper the growth of the process spectroscopy over the forecast period.

Key Developments

1. In April 2020, Agilent Technologies, Inc. launched a handheld Raman spectroscopy instrument ‘Agilent Vaya Raman’ that boosts quality control testing in biopharmaceutical industry.
2. In 2020, With HORIBA's Raman spectrometers, Shimadzu Corporation reached a fundamental agreement to begin working together on the development and sale of LC-Raman analytical and measuring instruments.

Key features of the study:

• This report provides in-depth analysis of the process spectroscopy market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the process spectroscopy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ABB Ltd., Shimadzu Corporation, Agilent Technologies, Inc., Sartorius AG, Bruker Corporation, Kett Electric Laboratory, Buchi Labortechnik AG, Horiba Limited, Danaher Corporation, and Foss A/S.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The process spectroscopy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agricultural tractor market

Detailed Segmentation:

• Global Process Spectroscopy Market, By Technology
  • NIR
  • FT-IR
  • Raman
• Global Process Spectroscopy Market, By End use
  • Polymer
  • Oil and Gas
  • Pharmaceuticals
  • Food and Agriculture
  • Chemical
  • Others
• Global Process Spectroscopy Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa
• Company Profiles
  • ABB Ltd*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Shimadzu Corporation
  • Agilent Technologies, Inc.
  • Sartorius AG
  • Bruker Corporation
  • Kett Electric Laboratory
  • Buchi Labortechnik AG
  • Horiba Limited
  • Danaher Corporation
  • Foss A/S. Internap