Post on 07-Apr-2018
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Market Data Is Difficult to Come by
Finding reliable data on the spectroscopy market is not aseasy as it sounds.
Vendors and researchers (and yes, even magazineeditors) may differ in what they see as the hottest trends.
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
3/19
Spectroscopy Strives to Acquire UnbiasedMarket Data
Unbiased third party data is (understandably) heavilyguarded and expensive - but worth it.
At Spectroscopy, we use both our internal researchdepartment and work with outside vendor StrategicDirections International.
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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With This in Mind
In the March 2007 issue of Spectroscopy, we set out todetermine 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
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Overall Spectroscopy Market
Molecular spectroscopy
40%
Mass spectrometry
27%
Atomic spectroscopy
33%
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Molecular Spectroscopy
Raman
4%
Fluorescenc
e
Near infrared
7%
Color
measurement
Infrared
19%
UV-vis24%
NMR/EPR
29%
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Atomic Spectroscopy
XRF
25%
Arc-spark
8%
ICP-MS
10%
XRD
13%
Elemental
analyzers ICP
14%
AA
17%
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Mass Spectrometry
Magnetic sector
5%
Tandem LC-MS
33%
GC-MS
20%
TOF-LC-MS
15%
MALDI-
TOF
FT-MS
7%
Single-quadrupole
LC-MS
7%
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Growth by Segment
$1.8
$2.2
$2.7
$2.0
$2.4
$2.9
$2.1
$2.5
$3.1
$2.3
$2.6
$3.3
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
2005 2006 2007 2008
Mass Spectrometry
Atomic Spectrometry
Molecular Specroscopy
Market($billion)
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Predicted Growth
5.5%
6.2%
8.6%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0%
Atomic spectroscopy
Molecular spectroscopy
Mass spectrometry
Growth (%)
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Market Summary
The spectroscopy market continues to be robustand continues to grow, with the largest growthareas being:
Hyphenated techniques involving MS, which is predicted togenerate over 3.3 billion in revenue by 2008
X-ray techniques XRF and XRD, used particularly byelectronic manufacturers for compliance; will grow over10% this year alone
NMR spectroscopy, with protein research boosting growthto 10% this year
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Some Growth Areas Seen bySpectroscopy
At Spectroscopy, we also rely on our own informal,
grassroots form of research, compiled from the numeroustradeshows and technical sessions we attend each year.
For 2008, we are planning to expand our editorialcoverage of optics/lasers and are considering asupplements on this topic as well as portable, handheldspectroscopy technology in the future
Articles on Raman technology and applications, along withoptics/lasers, have also been two of the most heavilysubmitted topics to our journal.
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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Salaries and Job Satisfaction in theSpectroscopy Industry
Overall, spectroscopists are happy with their jobs- and they dont do too badly, either
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Overall Salary Summary
0%
10%
20%
30%
40%
Extremely Satisfied Very Satisfied Satisfied Somewhat Satisfied Dissatisfied
Approximately 80% of spectroscopists are happy with theirjobs; this makes sense in such a specialized field.
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Average Salaries
2005 2006 2007 2005 2006 2007 2005 2006 2007 2007
100k/yr
90k/yr
80k/yr
70k/yr
60k/yr
50k/yr
Overall average salary for a spectroscopist in 2007 is
$79,605, high compared to many fields.
H S l V i G tl b
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
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However, Salary Varies Greatly byLocation and Age
Southwest(CA, HI, AZ, NM,
NV, CO, UT, OK, TX)
Northwest(OR, WA, ID,MT, WY, AK)
Midwest(OH, IN, IL, IA,
MO, MI, MN, WI,KS, ND, SD, NE)
Northeast(NY, MA, CT, NJ,
PA, VT, NH, RI, ME)
Southeast(LA, MS, AL, GA, FL,TN, KY, NC, SC, AR,DE, VA, WV, MD, DC)
90k/yr
80k/yr
70k/yr
60k/yr
50k/yr
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20-25 26-29 30-35 46-49 60-6556-5950-55 65+36-39 40-450%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
In short, its best to be over 60 and living in the northeast!
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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 areimmense.
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 reviewedtechnical information since 1985, and we are not too proud totake advice:
Please contact us to let us know what YOU think the nextbig market trend is.
8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07
19/19
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!