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Molecular Spectroscopy - Global Market Trajectory & Analytics

  • ID: 5303691
  • Report
  • April 2021
  • Region: Global
  • 288 pages
  • Global Industry Analysts, Inc
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Global Molecular Spectroscopy Market to Reach $8.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Molecular Spectroscopy estimated at US$5.9 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027. Nuclear Magnetic Resonance, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the UV-Visible segment is readjusted to a revised 4.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.5% CAGR

The Molecular Spectroscopy market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Infrared Segment to Record 5.1% CAGR

In the global Infrared segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$744.9 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 6.2% CAGR through the analysis period.

Select Competitors (Total 33 Featured):
  • ABB
  • Agilent Technologies, Inc.
  • Avantes BV
  • B&W Tek
  • Block Engineering, LLC
  • Bruker
  • Carl Zeiss AG
  • Danaher
  • Galaxy Scientific Inc.
  • HORIBA, Ltd.
  • Ibsen Photonics A/S
  • Kaiser Optical Systems, Inc.
  • Keit Ltd
  • Magritek Ltd
  • Merck KGaA
  • PerkinElmer Inc.
  • Raptor Photonics
  • Siemens
  • Si-Ware Systems
  • StellarNet, Inc.
  • Thermo Fisher Scientific
  • Thorlabs, Inc.
  • VIAVI Solutions Inc.
Note: Product cover images may vary from those shown
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I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 33
Note: Product cover images may vary from those shown
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