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Atomic Spectroscopy Market to Grow by USD 2.46 Billion (2024-2028), Driven by Government Funding for Environmental Testing, AI Redefining the Market Landscape – Technavio

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NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global atomic spectroscopy market size is estimated to grow by USD 2.46 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.29%  during the forecast period. Increased funding by government organizations for environmental testing and product safety is driving market growth, with a trend towards growing use of portable spectroscopy systems in metal producing and processing sector. However, high cost of advanced instruments and maintenance services  poses a challenge. Key market players include A KRUSS Optronic GmbH, Agilent Technologies Inc., AMETEK Inc., Aurora Biomed Inc., Avantor Inc., Bruker Corp., Buck Scientific Instrument Manufacturing Co. AA, Endress Hauser Group Services AG, GBC Scientific Equipment, Hitachi High Tech Corp., HORIBA Ltd., PerkinElmer Inc., Rigaku Corp., SAFAS SA, Shimadzu Corp., Teledyne Technologies Inc., and Thermo Fisher Scientific Inc..

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Atomic Spectroscopy Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.29%

Market growth 2024-2028

USD 2461.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.66

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key countries

US, Canada, Germany, France, and China

Key companies profiled

A KRUSS Optronic GmbH, Agilent Technologies Inc., AMETEK Inc., Aurora Biomed Inc., Avantor Inc., Bruker Corp., Buck Scientific Instrument Manufacturing Co. AA, Endress Hauser Group Services AG, GBC Scientific Equipment, Hitachi High Tech Corp., HORIBA Ltd., PerkinElmer Inc., Rigaku Corp., SAFAS SA, Shimadzu Corp., Teledyne Technologies Inc., and Thermo Fisher Scientific Inc.

Market Driver

Manufacturers in the analytical instruments industry are prioritizing the development of compact, portable atomic spectroscopy systems to cater to the growing demand for onsite analysis in hard-to-reach locations. These portable products enable end-users in metal processing and production to perform tasks such as material identification and metal sorting effectively. The focus on portable optical emission spectroscopy systems and X-ray fluorescence (XRF) spectroscopy systems is particularly high due to their ability to provide non-destructive analysis of solid metallic samples quickly. The increasing global metal production further boosts the market potential for these portable atomic spectroscopy systems. 

Atomic spectroscopy is a key technology in analytical chemistry, used to identify and measure the concentrations of elements in various samples. This market encompasses techniques like Atomic Absorption (AA), Atomic Emission (AE), and X-ray Fluorescence (XRF). XRF uses X-rays to excite atoms, revealing their spectral lines. AA measures absorption of electromagnetic radiation, while AE detects emitted radiation. Mass analyzers help separate and identify elements. Sectors like Metallurgy, Pharmaceuticals, Forensics, Research Labs, Biopharma, and Biotech use atomic spectroscopy. It’s crucial for safety regulations, especially in drug products, APIs, raw materials, and intermediates. ICP spectrometers, including ICP-OES and ICP-MS, are popular instruments. XRF, AA, and AE are essential for trace elements analysis. Other techniques like Atomic Fluorescence and Mass Spectrometry complement these methods. This market continues to grow, driven by increasing demand for precise elemental analysis. 

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Market Challenges

Atomic spectroscopy is widely used in various industries due to its cost-effective analysis capabilities, particularly in applications where Atomic Absorption Spectroscopy (AAS) systems are employed. However, advanced atomic spectroscopy techniques such as Inductively Coupled Plasma Mass Spectrometry (ICP-MS) and Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) face challenges in adoption due to their high capital and operating costs. ICP-MS and ICP-OES systems use argon gas, cones, nebulizers, and other expensive consumables, making them less affordable for laboratories and research institutions with limited budgets. These sophisticated systems have significant capital investments and high running and maintenance costs. The high cost analysis of atomic spectroscopes includes initial capital cost, ongoing running cost, and maintenance and service cost. Although ICP-MS and ICP-OES offer superior accuracy and precision, their high capital and operational expenses limit their adoption. The emergence of compact-sized portable atomic spectroscopy systems has introduced onsite testing capabilities and improved ease of use, but their high maintenance costs hinder their widespread adoption. For instance, the cost of repairing a detector in these systems can reach up to USD10,000. These factors are anticipated to impede the growth of the atomic spectroscopy market during the forecast period.Atomic spectroscopy is a crucial tool in analytical chemistry for identifying and quantifying elements in various industries. The market for atomic spectroscopy instruments includes applications in drug products and APIs, raw materials, intermediates, and environmental testing. Challenges in this market include complying with environmental regulations and ensuring food safety. Technologies such as ICP spectrometers (ICP-OES and ICP-MS), atomic absorption spectroscopy, X-ray fluorescence, and elemental analyzers are commonly used. Key players in the market include Agilent Technologies, PerkinElmer, and Thermo Fisher Scientific. Laboratory automation, multi-elemental analysis, and industry partnerships are driving innovation in this field. Precision agriculture, drug safety, biotechnology, and remote sensing are emerging applications. Stringent regulations and the need for trained professionals require continuous advancements in technology, including GFAAS, isotopic information, and telemetry integration. Our Company Analysis Dashboard provides research analyst access and competitor analysis to help businesses stay informed.

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Segment Overview 

This atomic spectroscopy market report extensively covers market segmentation by

Technology 1.1 Atomic absorption1.2 X ray fluorescence1.3 X ray diffraction1.4 ICP-MS and othersEnd-user 2.1 Pharmaceutical and biotechnology testing2.2 Food and beverage testing2.3 Environmental testing2.4 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Atomic absorption-  Atomic absorption spectroscopy is a quantitative analysis technique used to detect specific light wavelengths absorbed by neutral atoms. This method is commonly referred to as a metal analysis spectrometer due to its primary function in metal concentration analysis. Industries such as biomonitoring, chemical, food, and pharmaceutical sectors utilize atomic absorption spectrometers for analyzing metal concentrations in various samples, including medicines, foods, beverages, and biological fluids. The global atomic absorption market is projected to expand due to the growth of industries like pharmaceuticals and environmental testing, driven by the increasing incidence of diseases and environmental issues. According to Technavio’s latest analysis, the atomic absorption segment is expected to grow at a CAGR of 5.48% from 2022 to 2027, fueled by these factors and the overall growth of the global atomic spectroscopy market.

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Research Analysis

Atomic spectroscopy is a powerful analytical technique used to identify and quantify elements in various matrices, including drug products, APIs, raw materials, intermediates, and food samples. This technique utilizes the interaction of electromagnetic radiation with atoms to obtain spectral information, which is then used to determine the concentrations of specific elements. In the pharmaceutical industry, atomic spectroscopy plays a crucial role in ensuring the purity and quality of drug products and APIs by detecting trace elements. The food industry also benefits from this technology in addressing food safety concerns and complying with stringent regulations. Trained professionals use instruments such as ICP spectrometers, GFAAS, atomic fluorescence, atomic absorption, and atomic emission, among others, to obtain isotopic information and spectral lines for elemental analysis. The metallurgy sector also heavily relies on atomic spectroscopy for material analysis. Agilent Technologies and other key companies offer advanced atomic spectroscopy instruments and solutions for various industries.

Market Research Overview

Atomic spectroscopy is a powerful analytical technique used to identify and quantify elements in various matrices, including drug products, APIs, raw materials, intermediates, and environmental samples. This technique utilizes electromagnetic radiation to excite atoms, which then emit spectral lines that are unique to each element. Applications of atomic spectroscopy span across various industries, including the pharmaceutical, metallurgy, petrochemical, and environmental sectors. In laboratories, atomic spectroscopy plays a crucial role in quality control, environmental testing, and research. Technologies such as ICP spectroscopers, atomic absorption spectroscopy, X-ray fluorescence, and X-ray diffraction are commonly used. Multi-elemental analysis, isotopic information, and precision agriculture are some of the emerging trends in atomic spectroscopy. Strict regulations and food safety concerns are driving the demand for this technology in various industries. With the help of advanced instruments and trained professionals, atomic spectroscopy provides accurate and reliable elemental information, enabling industries to meet safety regulations and improve product quality.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyAtomic AbsorptionX Ray FluorescenceX Ray DiffractionICP-MS And OthersEnd-userPharmaceutical And Biotechnology TestingFood And Beverage TestingEnvironmental TestingOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

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New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

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SOURCE 11:11 Systems

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Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

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NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

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Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

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The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

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