Spectrometry is a technique in which compounds and elements are identified based on the emission of radiant energy by a substance when it is in a higher energy state. Spectrometry instruments are crucial in the pharmaceutical, analytical, and life science industry. There is a growth in demand in these industries for spectrometric instrument as it is an integral part of elementary research and its use in identification of new compounds & metals, drug composition identification, and bimolecular analysis. Owing to its applications in various industries, the global spectrometry market is expected to register a moderate CAGR during the forecast period. Bruker, AB Sciex, Waters Corporation, Thermo Fisher Scientific, Shimadzu, PerkinElmer, and Agilent Technologies are some of the key manufacturers in this market.