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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) 2022 to 2027) Industry Forecast | 2022 to 2027

Published: March, 2023
ID: 10411
Pages: 170
Formats: report pdf report excel report power bi report ppt

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.

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