Market Overview:
The global IR spectroscopy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for IR spectroscopy in various applications such as biological, pharmaceuticals, chemicals, food & beverages, and environmental. Additionally, the growing adoption of IR spectroscopy by small and medium-sized enterprises (SMEs) is also contributing to the growth of this market. However, factors such as high cost of instruments and lack of skilled professionals are restraining the growth of this market. On the basis of type, NIR accounted for majority share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to its low cost as compared with other types of IR spectroscopy and its ability to provide qualitative information about samples with high accuracy.
Product Definition:
IR Spectroscopy is a technique used to identify and measure the amount of chemicals in a sample. It does this by measuring the energy of light that is absorbed or emitted by atoms in the sample.
NIR:
NIR (Near-Infrared) spectroscopy is the study of interaction between matter and electromagnetic radiations in the near-infrared region of the spectrum. The technique is used for analysis, detection, and measurement of chemical compounds. It provides valuable information about molecular structure when applied to small molecules as well as large complex carbohydrates such as starch and cellulose.
Mid IR:
The Mid-Infrared (mid-IR) spectroscopy is a technique that involves the study of molecular and atomic vibrations in the near infrared region. The method provides information on bond lengths, bond angles, and chemical environments along with other properties. It also helps to determine functional groups present etc. mid-IR spectroscopy is used for applications such as studying biological tissues, determining composition of gases etc., which are beyond the range of normal IR light or visible spectrum.
Application Insights:
The biological segment dominated the global market in terms of revenue share in 2017. The application of NIR and mid-infrared spectroscopy for studying living organisms is well established, however, its use for analyzing samples that are more than 3 months old is not very common. This has led to a low penetration of IR techniques in this field. However, it has been widely used to study fossilized remains and archeological sites where older samples cannot be analyzed using other techniques such as X-ray fluorescence or thermography.
The pharmaceuticals segment is expected to witness the fastest growth over the forecast period owing to an increase in demand for diagnostic solutions across various regions coupled with technological advancements that have made it easier for manufacturers to develop cost effective products with higher accuracy levels during recent years (decade).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing R&D activities and technological advancements in the field of spectroscopy. Moreover, presence of major players such as 3M and ITG Hamamatsu Corporation is also contributing towards growth of this regional market.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rising demand for diagnostic medical equipment, pharmaceuticals, food & beverages along with other applications that require mid-infrared spectroscopy techniques. Increasing healthcare spending by governments coupled with growing awareness about various diseases are some factors responsible for rapid development witnessed by this regional market during 2016 - 2017 period which was followed by Latin America and Europe regions respectively (as shown in Table 1).
Growth Factors:
- Increasing demand for IR spectroscopy in the pharmaceutical and biotechnology industries for drug discovery and development.
- Rising demand from the food and beverage industry for quality control and product authentication.
- Growing use of IR spectroscopy in forensic science to identify illegal substances.
- Increasing application of IR spectroscopy in research institutes and universities for chemical analysis purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
IR Spectroscopy Market Research Report
By Type
NIR, Mid IR, Far IR
By Application
Biological, Pharmaceuticals, Chemicals, Food & Beverages, Environmental
By Companies
Agilent Technologies, Bruker, Bayspec, Horiba, Jasco, Perkinelmer, Princeton Instruments, Spectra Analysis Instruments, Teledyne Technologies, Thermo Fisher Scientific, FOSS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global IR Spectroscopy Market Report Segments:
The global IR Spectroscopy market is segmented on the basis of:
Types
NIR, Mid IR, Far IR
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biological, Pharmaceuticals, Chemicals, Food & Beverages, Environmental
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agilent Technologies
- Bruker
- Bayspec
- Horiba
- Jasco
- Perkinelmer
- Princeton Instruments
- Spectra Analysis Instruments
- Teledyne Technologies
- Thermo Fisher Scientific
- FOSS
Highlights of The IR Spectroscopy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NIR
- Mid IR
- Far IR
- By Application:
- Biological
- Pharmaceuticals
- Chemicals
- Food & Beverages
- Environmental
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IR Spectroscopy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IR spectroscopy is a technique used to study the structure and dynamics of molecules in the infrared region of the electromagnetic spectrum. By analyzing spectral data, scientists can learn about the chemical makeup of molecules, their interactions with other molecules, and their physical properties.
Some of the major players in the ir spectroscopy market are Agilent Technologies, Bruker, Bayspec, Horiba, Jasco, Perkinelmer, Princeton Instruments, Spectra Analysis Instruments, Teledyne Technologies, Thermo Fisher Scientific, FOSS.
The ir spectroscopy market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IR Spectroscopy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IR Spectroscopy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IR Spectroscopy Market - Supply Chain
4.5. Global IR Spectroscopy Market Forecast
4.5.1. IR Spectroscopy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IR Spectroscopy Market Size (000 Units) and Y-o-Y Growth
4.5.3. IR Spectroscopy Market Absolute $ Opportunity
5. Global IR Spectroscopy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IR Spectroscopy Market Size and Volume Forecast by Type
5.3.1. NIR
5.3.2. Mid IR
5.3.3. Far IR
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IR Spectroscopy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IR Spectroscopy Market Size and Volume Forecast by Application
6.3.1. Biological
6.3.2. Pharmaceuticals
6.3.3. Chemicals
6.3.4. Food & Beverages
6.3.5. Environmental
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IR Spectroscopy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IR Spectroscopy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IR Spectroscopy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IR Spectroscopy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IR Spectroscopy Demand Share Forecast, 2019-2029
9. North America IR Spectroscopy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IR Spectroscopy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IR Spectroscopy Market Size and Volume Forecast by Application
9.4.1. Biological
9.4.2. Pharmaceuticals
9.4.3. Chemicals
9.4.4. Food & Beverages
9.4.5. Environmental
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IR Spectroscopy Market Size and Volume Forecast by Type
9.7.1. NIR
9.7.2. Mid IR
9.7.3. Far IR
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IR Spectroscopy Demand Share Forecast, 2019-2029
10. Latin America IR Spectroscopy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IR Spectroscopy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IR Spectroscopy Market Size and Volume Forecast by Application
10.4.1. Biological
10.4.2. Pharmaceuticals
10.4.3. Chemicals
10.4.4. Food & Beverages
10.4.5. Environmental
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IR Spectroscopy Market Size and Volume Forecast by Type
10.7.1. NIR
10.7.2. Mid IR
10.7.3. Far IR
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IR Spectroscopy Demand Share Forecast, 2019-2029
11. Europe IR Spectroscopy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IR Spectroscopy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IR Spectroscopy Market Size and Volume Forecast by Application
11.4.1. Biological
11.4.2. Pharmaceuticals
11.4.3. Chemicals
11.4.4. Food & Beverages
11.4.5. Environmental
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IR Spectroscopy Market Size and Volume Forecast by Type
11.7.1. NIR
11.7.2. Mid IR
11.7.3. Far IR
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1110. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IR Spectroscopy Demand Share, 2019-2029
12. Asia Pacific IR Spectroscopy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IR Spectroscopy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IR Spectroscopy Market Size and Volume Forecast by Application
12.4.1. Biological
12.4.2. Pharmaceuticals
12.4.3. Chemicals
12.4.4. Food & Beverages
12.4.5. Environmental
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IR Spectroscopy Market Size and Volume Forecast by Type
12.7.1. NIR
12.7.2. Mid IR
12.7.3. Far IR
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IR Spectroscopy Demand Share, 2019-2029
13. Middle East & Africa IR Spectroscopy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IR Spectroscopy Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IR Spectroscopy Market Size and Volume Forecast by Application
13.4.1. Biological
13.4.2. Pharmaceuticals
13.4.3. Chemicals
13.4.4. Food & Beverages
13.4.5. Environmental
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IR Spectroscopy Market Size and Volume Forecast by Type
13.7.1. NIR
13.7.2. Mid IR
13.7.3. Far IR
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IR Spectroscopy Demand Share, 2019-2029
14. Competition Landscape
14.1. Global IR Spectroscopy Market: Market Share Analysis
14.2. IR Spectroscopy Distributors and Customers
14.3. IR Spectroscopy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Agilent Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bruker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bayspec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Horiba
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jasco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Perkinelmer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Princeton Instruments
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Spectra Analysis Instruments
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Teledyne Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Thermo Fisher Scientific
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FOSS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
