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Pulished Date April, 2021
ID: 10411
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IR Spectroscopy Market Segmentation By Spectrum Sensitivity (Near Infrared, Far Infrared, and Mid Infrared), By Product Type (Benchtop IR Spectroscope, IR Microscopy, Portable IR Spectroscope, Hyphenated IR Spectroscope, and Terahertz IR Spectroscope), By End-Use (Pharma & Biotech, Food & Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals, Semiconductors, and Others), and By Technology (Dispersive Infrared Spectroscopy and Fourier Transform Infrared\FTIR Spectroscopy) 2021-2026) Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 10411
Pages: 170

Market Overview

The Global IR Spectroscopy Market is anticipated to develop in a considerable way during the outlook period. It is estimated that the target market will get valued about USD 1.65 Billion by 2026 from USD 0.98 Billion, growing at a CAGR of 7.2% over the period of 2021 to 2026.

Infrared spectroscopy is the process of measuring the interaction of infrared radiation with the matter by absorption, emission, or reflection. This process is employed for studying and identifying the chemical substances or functional groups in solid, liquid, or gaseous forms. This process serves various advantages like high scan speed, high resolution, and high sensitivity. And this provides a plethora of applications which include identification of substances, determination of molecular structure, detection of impurities, and identification of functional groups and was employed in both qualitative and quantitative analysis without any phase constraints.

This IR spectroscopy employed in several activities like protein characterization, nanoscale semiconductor analysis, and space exploration by scientific researchers. The most influencing factor of the IR Spectroscopy Market is the growth in investment in the research & development in pharma and life sciences, stringent regulations about the process analytical technologies among pharmaceuticals industry, and continuously growing technological developments in IR spectroscopy.

Recent Developments

  • Teledyne DALSA has introduced its LWIR cameras, the Caliber GXM series, which offers exceptional infrared imaging performance, with great sensitivity, outstanding dynamic range for wide temperature coverage, and factory-calibrated radiometric performance using Teledyne DALSA’s own VGA 17um microbolometer technology.
  • DANI Instruments Group has announced its acquisition of one of the key players in the global IR Spectroscopy Market, named Spectra Analysis Instruments Inc. Drivers and Restraints of IR Spectroscopy Market

The imposition of stringent laws & regulations regarding the process analytical technologies in the pharma industry, growing demand for near-infrared spectroscopy for food fingerprinting techniques, which are at high risk such as the food fingerprinting in dairy products, detecting adulteration & contamination are the major factors that are driving the growth of the Global IR Spectroscopy Market. Also, growing investment in the R&D in pharma & life sciences and the growing technological advancements in the field of spectroscopy is propelling the miniaturization and the digitization of IR detectors is leading to growth & development of the market. And the growing usage of IR spectroscopy among the biological sector for detecting numerous diseases is further fuelling the growth of IR Spectroscopy Market's growth.

However, limitation in the technicalities of IR spectroscopy among analyzing groups of compound mixtures is the major restraint that was hampering the growth of the Global IR Spectroscopy Market. In addition, the availability of the used IR spectroscopy devices among the market is another factor that was challenging the target market's growth.

Nonetheless, growing demand for IR spectroscopy techniques in numerous industries such as biological, medicinal, chemistry, chemicals, food and beverages (F&B), pharmaceuticals, and semiconductors are creating lucrative opportunities for the expansion of the players in the Global IR Spectroscopy Market.

Impact of COVID-19 on the IR Spectroscopy Market

The impact of the COVID-19 on the Global IR Spectroscopy Market is in a considerable way. There is a growth in the utilization of IR spectroscopy among various public places for screening the public for the virus, which is showing a positive effect on the target market during the pandemic.

Market Segmentation of IR Spectroscopy Market

Based on the Spectrum Sensivity Outlook, the global IR Spectroscopy market is segmented into Organic and Inorganic.

Based on the type of Product, the global IR Spectroscopy market is segmented into  Benchtop IR Spectroscope, IR Microscopy, Portable IR Spectroscope, Hyphenated IR Spectroscope, and Terahertz IR Spectroscope.

In the Technological Outlook, the global IR Spectroscopy market is segmented as Dispersive Infrared Spectroscopy and Fourier Transform Infrared\FTIR Spectroscopy.

And on the End-Use Outlook, the global IR Spectroscopy market is segmented into Pharma & Biotech, Food & Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals, Semiconductors, and Others.

IR Spectroscopy Market Region wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis of the Global IR Spectroscopy Market, North America's regional market held the major share. The principal factor that was driving the growth of the target market in the region is the imposed stringent drug development regulations and growing government funding in the R&D in the US. Moreover, North America IR Spectroscopy Market is expected to continue its dominance over the forecast period owing to the growing proteomics research and numerous conferences that create a platform to showcase new products and technologies.

And the Asia-Pacific IR Spectroscopy Market is expected to witness the high growth rate over the forecast period. The major factor that was propelling the growth of the target market in the region is the increasing demand for IR spectroscopes owing to the rising advancements among the semiconductor industry and growth in the food safety concerns.

Key Players of IR Spectroscopy Market

The key players in the Global IR Spectroscopy Market include TeraView Limited, Teledyne Technologies Incorporated, Agilent Technologies, Inc., BaySpec, Inc., HORIBA ABX, Ltd., Spectra Analysis Instruments, Inc., Avantes BV, Bruker, Carl Zeiss AG, Galaxy Scientific Inc, Gasera Ltd., Ibsen Photonics A/S, Merck KGaA, Darmstadt, PerkinElmer Inc., Shimadzu Corporation, VIAVI Solutions Inc., JASCO., Teledyne Princeton Instruments, Menlo Systems, TOPTICA Photonics AG, and Advanced Photonix Inc., among others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 IR Spectroscopy Market, By Spectrum Sensitivity             

                    6.1.1 Near Infrared 

                    6.1.2 Far Infrared   

                    6.1.3 Mid Infrared   

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 IR Spectroscopy Market, By Product Type             

                    6.2.1 Benchtop IR Spectroscope   

                    6.2.2 IR Microscopy

                    6.2.3 Portable IR Spectroscope    

                    6.2.4 Hyphenated IR Spectroscope         

                    6.2.5 Terahertz IR Spectroscope  

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 IR Spectroscopy Market, By End-Use          

                    6.3.1 Pharma & Biotech     

                    6.3.2 Food & Beverages     

                    6.3.3 Environmental Testing       

                    6.3.4 Academic       

                    6.3.5 Security         

                    6.3.6 Industrial       

                    6.3.7 Petrochemicals         

                    6.3.8 Semiconductors       

                    6.3.9 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.10 Y-o-Y Growth Rate Analysis       

                    6.3.11 Market Attractiveness Index       

          6.4 IR Spectroscopy Market, By Technology                

                    6.4.1 Dispersive Infrared Spectroscopy  

                    6.4.2 Fourier Transform Infrared\FTIR Spectroscopy   

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Spectrum Sensitivity       

                    7.2.3 By Product Type       

                    7.2.4 By End-Use    

                    7.2.5 By Technology          

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Spectrum Sensitivity       

                    7.3.3 By Product Type       

                    7.3.4 By End-Use    

                    7.3.5 By Technology          

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Spectrum Sensitivity       

                    7.4.3 By Product Type       

                    7.4.4 By End-Use    

                    7.4.5 By Technology          

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Spectrum Sensitivity       

                    7.5.3 By Product Type       

                    7.5.4 By End-Use    

                    7.5.5 By Technology          

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Spectrum Sensitivity       

                    7.6.3 By Product Type       

                    7.6.4 By End-Use    

                    7.6.5 By Technology          

8. Key Player Analysis                           

          8.1 TeraView Limited                  

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Teledyne Technologies Incorporated          

          8.3 Agilent Technologies, Inc                

          8.4 BaySpec, Inc               

          8.5 Spectra Analysis Instruments, Inc              

          8.6 Avantes BV                 

          8.7 Carl Zeiss AG              

          8.8 Merck KGaA                

          8.9 Shimadzu Corporation           

          8.10 Teledyne Princeton Instruments               

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global IR Spectroscopy Market By Region, From 2021-2026 ( USD Billion )
  2. Global IR Spectroscopy Market By Sprectrum Sensitivity, From 2021-2026 ( USD Billion )
  3. Global Near Infrared Market By Region, From 2021-2026 ( USD Billion )
  4. Global Far Infrared Market By Region, From 2021-2026 ( USD Billion )
  5. Global Mid Infrared Market By Region, From 2021-2026 ( USD Billion )
  6. Global IR Spectroscopy Market By Product Type, From 2021-2026 ( USD Billion )
  7. Global Benchtop IR Spectroscope Market By Region, From 2021-2026 ( USD Billion )
  8. Global IR Microscopy Market By Region, From 2021-2026 ( USD Billion )
  9. Global Portable IR Spectroscope Market By Region, From 2021-2026 ( USD Billion )
  10. Global Hyphenated IR Spectroscope Market By Region, From 2021-2026 ( USD Billion )
  11. Global Terahertz IR Spectroscope Market By Region, From 2021-2026 ( USD Billion )
  12. Global IR Spectroscopy Market By End-Use, From 2021-2026 ( USD Billion )
  13. Global Pharma & Biotech Market By Region, From 2021-2026 ( USD Billion )
  14. Global Food & Beverages Market By Region, From 2021-2026 ( USD Billion )
  15. Global Environmental Testing Market By Region, From 2021-2026 ( USD Billion )
  16. Global Academic Market By Region, From 2021-2026 ( USD Billion )
  17. Global Security Market By Region, From 2021-2026 ( USD Billion )
  18. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  19. Global Petrochemicals Market By Region, From 2021-2026 ( USD Billion )
  20. Global Semiconductors Market By Region, From 2021-2026 ( USD Billion )
  21. Global IR Spectroscopy Market By Technology, From 2021-2026 ( USD Billion )
  22. Global Dispersive Infrared Spectroscopy Market By Region, From 2021-2026 ( USD Billion )
  23. Global Fourier Transform Infrared\FTIR Spectroscopy Market By Region, From 2021-2026 ( USD Billion )

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