Global IR Spectroscopy Market, By Spectrum, By Product Type, By End User, By Geography

Description

The Global IR Spectroscopy Market is estimated to be valued at USD 1.30 Bn in 2024 and is expected to reach USD 2.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.30 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.10%	2031 Value Projection:	US$ 2.10 Bn

Figure. Global IR Spectroscopy Market Share (%), By Region 2024

Infrared spectroscopy (IR spectroscopy) is a technique used to identify chemicals and molecular structures. IR spectroscopy uses infrared light that interacts with molecular vibrations of atoms in a compound. Molecules absorb specific wavelengths in the infrared region that are characteristic of their structure. This allows identification of unknown materials, determination of purity and molecular structure elucidation. IR spectroscopy is widely used for both qualitative and quantitative analysis in various industries like pharmaceuticals, food and beverages, chemicals, polymers, etc. Advances in detector technology, data acquisition, and analysis software have made IR spectroscopy equipment more portable and user friendly. Growing demand from industries for materials identification and quality control is expected to drive the global IR spectroscopy market growth during the forecast period.

Market Dynamics:

The global IR spectroscopy market growth is driven by increasing use of IR spectroscopy techniques in industries like pharmaceutical, food and beverages, chemicals and polymers for materials identification, purity analysis and quality testing. IR spectroscopy helps in identification of unknown compounds and analysis of product composition without damaging the sample. This has increased its adoption across various industrial sectors. However, high costs of IR spectroscopy equipment is a major restraint for the market. Advancements in technologies like Fourier transform infrared (FTIR) spectroscopy have made equipment more affordable and portable. This has opened opportunities for use of IR spectroscopy in new applications. Development of compact and ruggedized IR spectroscopy devices suitable for on-site use would further expand market opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global IR spectroscopy market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global IR spectroscopy market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Thermo Fisher Scientific, Bruker, Agilent Technologies, Inc., PerkinElmer Inc., Jasco, Shimadzu, ABB, Heriot-Watt University
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global IR spectroscopy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IR spectroscopy market

Detailed Segmentation:

By Spectrum
- Near Infrared
- Far Infrared
- Mid Infrared
By Product Type
- Benchtop IR Spectroscope
- IR Microscopy
- Portable IR Spectroscope
- Hyphenated IR Spectroscope
- Terahertz IR Spectroscope
By End User
- Biopharmaceutical Companies
- Academic and research Institutes
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- Shimadzu Corporation
- ZEISS
- PerkinElmer Inc.
- Agilent Technologies, Inc.
- Bruker Corporation
- ABB
- Thermo Fisher Scientific Inc.
- Horiba, Ltd.
- Sartorius AG
- Hitachi High-Tech Corporation
- Oxford Instruments
- Jasco
- Teledyne Princeton Instruments
- Foss
- Lumex Instruments
- Spectra Analysis Instruments, Inc.
- Galaxy Scientific
- Microptik
- Isben Photonics
- Bayspec

Product Code: CMI7240

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Spectrum
- Market Snapshot, By Product Type
- Market Snapshot, By End User
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global IR Spectroscopy Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global IR Spectroscopy Market, By Spectrum, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Near Infrared
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Far Infrared
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Mid Infrared
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global IR Spectroscopy Market, By Product Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Benchtop IR Spectroscope
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
IR Microscopy
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Portable IR Spectroscope
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Hyphenated IR Spectroscope
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Terahertz IR Spectroscope
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global IR Spectroscopy Market, By End User, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Biopharmaceutical Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Academic and research Institutes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global IR Spectroscopy Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Spectrum, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Spectrum, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Spectrum, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Spectrum, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Spectrum, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - GCC
  - Israel
  - Rest of Middle East
  - Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Spectrum, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
  - North Africa
  - Central Africa
  - South Africa

9. Competitive Landscape

Company Profiles
- Shimadzu Corporation
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- ZEISS
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- PerkinElmer Inc.
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Agilent Technologies, Inc.
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Bruker Corporation
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- ABB
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Thermo Fisher Scientific Inc.
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Horiba, Ltd.
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Sartorius AG
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Hitachi High-Tech Corporation
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Oxford Instruments
- Jasco
- Teledyne Princeton Instruments
- Foss
- Lumex Instruments
- Spectra Analysis Instruments, Inc.
- Galaxy Scientific
- Microptik
- Isben Photonics
- Bayspec

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Research Methodology

References
Research Methodology
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