David Walsh - Spectroscopy Magazine Pres SPIE OE07

8/6/2019 David Walsh - Spectroscopy Magazine Pres SPIE OE07

1/19


2/19

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.


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.


4/19

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


5/19

Overall Spectroscopy Market

Molecular spectroscopy

40%

Mass spectrometry

27%

Atomic spectroscopy

33%


6/19

Molecular Spectroscopy

Raman

4%

Fluorescenc

e

Near infrared

7%

Color

measurement

Infrared

19%

UV-vis24%

NMR/EPR

29%


7/19

Atomic Spectroscopy

XRF

25%

Arc-spark

8%

ICP-MS

10%

XRD

13%

Elemental

analyzers ICP

14%

AA

17%


8/19

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%


9/19

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)


10/19

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 (%)


11/19

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


12/19

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.


13/19

Salaries and Job Satisfaction in theSpectroscopy Industry

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


14/19

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.


15/19

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


16/19

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


17/19

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!


18/19

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.


19/19

Contact Information

David Walsh, Editor [email protected]

Mike Tessalone, Group Publisher [email protected]

Ed Fantuzzi, Publisher [email protected]

We look forward to hearing from you!

Documents

David Walsh - Spectroscopy Magazine Pres SPIE OE07