Global Spectroscopy Instruments Market Size, Trends & Growth Opportunity, By Type (Molecular Spectroscopy Equipment, Mass Spectroscopy Equipment, and Atomic Spectroscopy Equipment), By Application (Food & Beverages, Semiconductors, Pharmaceutical, Oil & G

Global Spectroscopy Instruments Market Size, Trends, & Growth Opportunity, By Type (Molecular Spectroscopy Equipment, Mass Spectroscopy Equipment, and Atomic Spectroscopy Equipment), By Application (Food & Beverages, Semiconductors, Pharmaceutical, Oil & Gas, Automotive, Aerospace, Agriculture, and Others), Regional Outlook, Competitive Market Share, & Forecast till 2022–2027

Global Spectroscopy Instruments Market

Global Spectroscopy Instruments Market was valued at USD 11,314.9 million in 2021 and is expected to reach USD 15,279.8 million by 2027, at a CAGR of 3.47% from 2022 to 2027.

Spectroscopy is a branch of science which relates to the spectra of electromagnetic radiation as a function of its wavelength, frequency, and other measurements made by spectrographic equipment and other techniques in order to obtain data concerning the structure and properties of matter. They are used for analysis by using the interaction of light to analyse and detect the components of the sample. This equipment comes in many forms, which increases the scope of its usage by a wide range of research professionals working within diverse budgets.

Market Drivers

The rise in government spending in many countries in the food and beverage, agriculture, and chemical sectors are the key driving factors which are expected to boost the global spectroscopy instruments market growth. Furthermore, high spending on the research & development (R&D) sector will have a positive impact on market growth. The increase in food quality concerns also attracts end users towards the adoption of spectroscopy equipment, that is expected to propel market growth in the near future.

Market Restraints

The lack of skilled personnel is the major restraining factor which is expected to hinder the global spectroscopy equipment market growth. Also, high initial investments will affect the growth of the Spectroscopy Instruments Market.

Market Segmentation

The Global Spectroscopy Instruments Market is segmented into Type, application, and region.

Based on type, the spectroscopy instruments market is segmented into molecular spectroscopy equipment, atomic spectroscopy equipment, and mass spectroscopy equipment.

Regional Analysis

The Global Spectroscopy Instruments Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is expected to dominate the Spectroscopy Instruments market due to an increase in the amount of spending on research & development related to spectroscopy equipment. The Asia-Pacific region is projected to have the fastest growth rate in the forecast period of 2027 due to the advancements in health-care infrastructure and major technological advancements in the pharmaceutical industry within this region.

Key Players

Various key players are discussed into the Global Spectroscopy Instruments Market Report including: Thermo Fisher Scientific Inc, Sartorius AG, AMETEK, Inc, LECO Corporation, Stellarnet, Inc, Danaher-Corp, Rigaku Corporation, PerkinElmer, Inc., Agilent Technologies, Inc., Shimadzu Corporation, and Others.

Market Taxonomy

By Type

• Molecular Spectroscopy Equipment
• Mass Spectroscopy Equipment
• Atomic Spectroscopy Equipment

• Food & Beverage
• Semiconductors
• Pharmaceutical
• Oil & Gas
• Automotive
• Aerospace
• Agriculture
• Others

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa