Global Fourier Transform Infrared (FTIR) Portable Spectrometer Market, By Product (Benchtop FT-IR Spectrometers, Portal FT-IR Spectrometers and Others), Application (Pharmaceuticals, Chemical, Food and Packaging, Environmental, Semiconductors, Forensics, Nanotechnology, Drug Discovery, Environmental Testing, Food & Agriculture and Others) – Industry Trends and Forecast to 2029.
Fourier Transform Infrared (FTIR) Portable Spectrometer Market Analysis and Size
The most common type of infrared spectroscopy is FTIR, which stands for "Fourier transform infrared." All infrared spectroscopies work on the principle that some infrared (IR) radiation is absorbed when it passes through a sample. The radiation emitted by the sample is measured. As different molecules produce different spectra due to their different structures, the spectra can be used to identify and distinguish between molecules. In this way, the spectra are almost identical to people's fingerprints or DNA.
Data Bridge Market Research analyses that the fourier transform infrared (FTIR) portable spectrometer market which was growing at a value of 112.57 million in 2021 and is expected to reach the value of USD 252.04 million by 2029, at a CAGR of 10.60% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fourier Transform Infrared (FTIR) Portable Spectrometer Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Product (Benchtop FT-IR Spectrometers, Portal FT-IR Spectrometers and Others), Application (Pharmaceuticals, Chemical, Food and Packaging, Environmental, Semiconductors, Forensics, Nanotechnology, Drug Discovery, Environmental Testing, Food & Agriculture and Others) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
Thermo Fisher Scientific Inc. (U.S.), Anton Paar GmbH (Austria), Bruker (U.S.), PerkinElmer Inc. (U.S.), Hitachi High-Tech Corporation (Japan), ABB (Sweden), Agilent Technologies, Inc. (U.S.), JASCO. (Japan), Newport Corporation (U.S.), Oxford Instruments (U.K.), Shimadzu Scientific Instruments. (Japan), Rigaku Corporation (Japan), HORIBA Europe GmbH (Germany), Teledyne Princeton Instruments. (New Jersey), PerkinElmer Inc. (US), StellarNet, Inc. (U.S.), and ZEISS International (Germany), among others |
|
Opportunities |
|
Market Definition
Fourier transform infrared (FTIR) spectrometer is regarded as a critical technique in the pharmaceutical industry for raw material analysis and quality control testing. Due to the increased prevalence of chronic diseases, these spectrometers are in high demand.
Global Fourier Transform Infrared (FTIR) Portable Spectrometer Market Dynamics
Drivers
- Rising demand for monitoring procedures in various industries
Organic synthesis, polymer science, petrochemical engineering, pharmaceutical industry, and food analysis all use FTIR spectroscopy. In other words, it can be used for everything from monitoring processes to identifying compounds to determining the components of a mixture.
The growing use of Fourier transform infrared (FTIR) portable spectrometer in the food and beverage and chemical industries gives the market an advantage. One of the major factors driving the growth of the Fourier Transform Infrared (FTIR) portable spectrometer market is the increased penetration of portable spectrometer into non-contact temperature measurement, astronomy, life sciences, and materials chemistry applications.
- Government’s initiatives are contributing to market growth
The increased investment in research and development activities has a further impact on the market. Furthermore, the market benefits from the use of food fingerprinting techniques. Furthermore, rapid industrialization, an increase in investments, and the development of manufacturing sectors all benefit the Fourier transform infrared (FTIR) portable spectrometer market.
Opportunity
- Safety regulations and expansion of drug development industries
Stringent packaging and food labelling regulations have also increased the use of FTIR spectrometers. Food manufacturers, for example, use the infrared attenuated total reflectance (ATR) technique to determine the trans-fat content of food products. FTIR spectroscopy techniques are widely used in the drug development process for quick screening of raw materials, product formulation analysis, and validation. In the forecast period of 2022-2029, the increase in applications of FTIR spectroscopy in life science and pharmaceutical creates growth opportunities for the FTIR portable spectrometer market.
Restraints
- High cost associated with these instruments
However, concerns about the increased cost of these instruments, as well as trade-offs between accuracy and cost of the density metre instrument, are among the major factors acting as restraints, and will further challenge the Fourier transform infrared (FTIR) portable spectrometer market during the forecast period.
This Fourier transform infrared (FTIR) portable spectrometer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Fourier transform infrared (FTIR) portable spectrometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on the Global Fourier Transform Infrared (FTIR) Portable Spectrometer Market
The COVID-19 has had an impact on the market. The limited investment costs and a lack of employees hampered thermocouple temperature sensor technology sales and production. However, the government and key market players adopted new safety measures in order to develop the practises. As it targeted the right audience, technological advancements increased the sales rate of the Fourier transform infrared (FTIR) portable spectrometer. In the post-pandemic scenario, the increased adoption of these sensors across various industries is expected to drive market growth.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures
Global Fourier Transform Infrared (FTIR) Portable Spectrometer Market Scope
The Fourier transform infrared (FTIR) portable spectrometer market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Benchtop FT-IR Spectrometers
- Portal FT-IR Spectrometers
- Others
Application
- Pharmaceuticals
- Chemical
- Food and Packaging
- Environmental
- Semiconductors
- Forensics
- Nanotechnology
- Drug Discovery
- Environmental Testing
- Food & Agriculture
- Others
Fourier Transform Infrared (FTIR) Portable Spectrometer Market Regional Analysis/Insights
The Fourier transform infrared (FTIR) portable spectrometer market is analysed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the Fourier transform infrared (FTIR) portable spectrometer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the Fourier transform infrared (FTIR) portable spectrometer market because of the high demand to explore oil shale reserves and identify minerals and gases. Another factor driving market growth in this region is the expansion of the petroleum and petrochemical industries.
Asia-Pacific (APAC) is expected to grow significantly from 2022 to 2029 because of increased demand and application by the pharmaceutical and electronics industries,
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fourier Transform Infrared (FTIR) Portable Spectrometer Market Share Analysis
The Fourier transform infrared (FTIR) portable spectrometer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Fourier transform infrared (FTIR) portable spectrometer market.
Some of the major players operating in the Fourier transform infrared (FTIR) portable spectrometer market are:
- Thermo Fisher Scientific Inc. (U.S.)
- Anton Paar GmbH (Austria)
- Bruker (U.S.)
- PerkinElmer Inc. (U.S.)
- Hitachi High-Tech Corporation (Japan)
- ABB (Sweden)
- Agilent Technologies, Inc. (U.S.)
- JASCO. (Japan)
- Newport Corporation (U.S.)
- Oxford Instruments (U.K.)
- Shimadzu Scientific Instruments. (Japan)
- Rigaku Corporation (Japan)
- HORIBA Europe GmbH (Germany)
- Teledyne Princeton Instruments. (U.S.)
- PerkinElmer Inc. (U.S.)
- StellarNet, Inc. (U.S.)
- ZEISS International (Germany)
SKU-
