Current Market Trends in Spectroscopy

David Walsh Editor in Chief Spectroscopy Magazine September 12, 2007

Market Data Is Difficult to Come by

Finding reliable data on the spectroscopy market is not as easy as it sounds.

Vendors and researchers (and yes, even magazine editors) may differ in what they see as the hottest trends.

Spectroscopy Strives to Acquire Unbiased Market Data

Unbiased third party data is (understandably) heavily guarded and expensive - but worth it. At Spectroscopy, we use both our internal research department and work with outside vendor Strategic Directions International.

With This in Mind

In the March 2007 issue of Spectroscopy, we set out to determine what the latest trends in the marketplace were, both on a technological level and on a personal level, so this presentation will be divided into two parts:
Data on the most recent market trends in technology Data from Spectroscopys recent salary survey

Overall Spectroscopy Market

Atomic spectroscopy 33% Mass spectrometry 27%

Molecular spectroscopy 40%

Molecular Spectroscopy
Fluorescenc e Near infrared 7%

Raman 4%

Color measurement

NMR/EPR 29%

Infrared 19%

UV-vis 24%

Atomic Spectroscopy
Arc-spark 8%

XRF 25%

ICP-MS 10%

XRD 13%

AA 17%

Elemental analyzers

ICP 14%

Mass Spectrometry
Single-quadrupole LC-MS 7% FT-MS 7% MALDITOF Tandem LC-MS 33% Magnetic sector 5%

TOF-LC-MS 15%

GC-MS 20%

Growth by Segment

$3.5 $3.1 $3.0 $2.9 $2.7 $2.4 $2.2 $2.0 $2.0 $1.5 $1.0 $1.8 $2.1 $2.5 $2.3 $2.6

$3.3

Market ($ billion)

$2.5

Mass S pectrometry $0.5 $0.0 2005 2006 2007 2008 Atomic S pectrometry Molecular S pecroscopy

Predicted Growth

Mass spectrometry

8.6%

Molecular spectroscopy

6.2%

Atomic spectroscopy

5.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

Growth (%)

Market Summary

The spectroscopy market continues to be robust and continues to grow, with the largest growth areas being:
Hyphenated techniques involving MS, which is predicted to generate over 3.3 billion in revenue by 2008 X-ray techniques XRF and XRD, used particularly by electronic manufacturers for compliance; will grow over 10% this year alone NMR spectroscopy, with protein research boosting growth to 10% this year

Some Growth Areas Seen by Spectroscopy

At Spectroscopy, we also rely on our own informal, grassroots form of research, compiled from the numerous tradeshows and technical sessions we attend each year. For 2008, we are planning to expand our editorial coverage of optics/lasers and are considering a supplements on this topic as well as portable, handheld spectroscopy technology in the future
Articles on Raman technology and applications, along with optics/lasers, have also been two of the most heavily submitted topics to our journal.

Salaries and Job Satisfaction in the Spectroscopy Industry

Overall, spectroscopists are happy with their jobs - and they dont do too badly, either

Overall Salary Summary

40%

30%

20%

10%

0% Extremely S atisfied Very S atisfied S atisfied S omewhat S atisfied Dissatisfied

Approximately 80% of spectroscopists are happy with their jobs; this makes sense in such a specialized field.

Average Salaries

100k/yr

90k/yr

80k/yr

70k/yr

60k/yr

50k/yr 2005 2006 2007 2005 2006 2007 2005 2006 2007 2007

Overall average salary for a spectroscopist in 2007 is $79,605, high compared to many fields.

However, Salary Varies Greatly by Location and Age

90k/yr

80k/yr

70k/yr

60k/yr

50k/yr

Southwest (CA, HI, AZ, NM, NV, CO, UT, OK, TX)

Northwest (OR, WA, ID, MT, WY, AK)

Southeast (LA, MS, AL, GA, FL, TN, KY, NC, SC, AR, DE, VA, WV, MD, DC)

Northeast (NY, MA, CT, NJ, PA, VT, NH, RI, ME)

Midwest (OH, IN, IL, IA, MO, MI, MN, WI, KS, ND, SD, NE)

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
20-25 26-29 30-35 36-39 40-45 46-49 50-55 56-59 60-65 65+

In short, its best to be over 60 and living in the northeast!

Summary
Spectroscopy is a great field to be in: With technological advances being made by the day and the demand for new technologies high, the growth prospects are immense. Salaries are relatively high and so is job satisfaction, something of a rarity in todays job market. At Spectroscopy Magazine, we have been serving this market for over 20 years, bringing you unbiased, peer reviewed technical information since 1985, and we are not too proud to take advice: Please contact us to let us know what YOU think the next big market trend is.

Contact Information
David Walsh, Editor david.walsh@advanstar.com

Mike Tessalone, Group Publisher

mtessalone@advanstar.com

Ed Fantuzzi, Publisher

efantuzzi@advanstar.com

We look forward to hearing from you!