GLOBAL IR SPECTROSCOPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

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