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Key players contributing to process spectroscopy market share include
Other prominent industry participants are
Industry players are focusing on development of instruments and solutions that are capable of providing FT-IR and NIR into a single device. Bruker Corporation has developed MPA, which is a multipurpose FT-NIR analyzer. Thermo Fisher Scientific is estimated to be the key player in the market; its offerings include reagents, equipment and consumables, analytical instruments, and software and services for research, analysis, manufacturing, diagnostics, and discovery. The company has four operating business segments, specialty diagnostics, laboratory products and services, life technologies business, and analytical technologies. Companies such as 3M, Boeing, General Electric (GE), Hewlett Packard (HP) and Lockheed Martin have successful implemented Six Sigma. Governments worldwide are anticipated to lay down strict quality policies for manufacturing in order to get enhanced products.
The industry share of process spectroscopy is anticipated to grow over 6.5% CAGR from 2016 to 2024.
The market size of process spectroscopy valued at over USD 800 million in 2015.