Near-infrared Spectroscopy Market Growth Drivers and Challenges:
Growth Drivers
- Rising Trend of Miniaturization Techniques – The growing popularity of miniaturization techniques has led to an increase in the use of small NIR spectrometers, which has made New and previously impossible NIR spectroscopy applications. In addition, these spectrometers can be used in isolated areas for quick on-site analysis, as they are adaptable, and precise equipment.
- Growing Sales of Semiconductor – This may increase the demand for near-infrared (NIR) spectroscopy since it is useful in evaluating semiconductor manufacturing equipment such as wafers, and thin films to ensure effective performance and reduce wastage.
Global semiconductor sales totaled over USD 580 billion USD in 2022.
Challenges
- Exorbitant Cost of NIR Instruments – To meet the high performance standards a NIR device is made up of advanced components. These components require high-quality materials which are expensive to manufacture. This, as a result, increases the overall cost of the device.
- Incapability to Consider the Different Percentages of Brain and Extracranial Tissues in People.
- Lack of Standardization
Near-infrared Spectroscopy Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
6.9% |
|
Base Year Market Size (2025) |
USD 791.4 million |
|
Forecast Year Market Size (2035) |
USD 1.54 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of near-infrared spectroscopy is evaluated at USD 840.55 million.
The global near-infrared spectroscopy market size was worth over USD 791.4 million in 2025 and is poised to witness a CAGR of around 6.9%, crossing USD 1.54 billion revenue by 2035.
Europe near-infrared spectroscopy market is expected to command a 40% share by 2035, driven by high healthcare spending and increased adoption of advanced technologies like near-infrared spectroscopy devices.
Key players in the market include PerkinElmer Inc., Thermo Fisher Scientific Inc., Bruker, Oxford Instruments, Brainbox Ltd., Malvern Panalytical Ltd, Galaxy-Scientific, ABB.
