Global Infrared Spectroscopy Market, By Product Type (Benchtop IR Spectroscope, IR Microscopy, Portable IR Spectroscope, Hyphenated IR Spectroscope, Terahertz IR Spectroscope), Spectrum (Near Infrared, Far Infrared, Mid Infrared), Application (Pharma and Biotech, Food and Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals, Semiconductors, Others), Technology (Dispersive Infrared Spectroscopy and Fourier Transform Infrared (FTIR) Spectroscopy) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The infrared spectroscopy market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 7.15% in the above-mentioned forecast period. Rise in the stringent laws and regulations drives the infrared spectroscopy market.
Infrared spectroscopy is the most commonly used analytical technique and is used by scientific researchers in many activities, such as protein characterization, nanoscale semiconductor analysis, and space exploration. Infrared spectroscopy provides numerous advantages, such as high scan speed, high resolution, and high sensitivity. It also provides a wide range of applications, such as identification of substances, determination of molecular structure, detection of impurities, and identification of functional groups. Infrared spectroscopy can be used in both qualitative and quantitative analysis and it does not have phase constraints.
Increase in the demand for near-infrared spectroscopy for food fingerprinting techniques is the vital factor escalating the market growth, also increase in the research and development investment in pharma and life sciences, rise in the technological advancements and developments in the field of spectroscopy giving rise to miniaturization and the digitization of IR detectors, rise in the use of IR spectroscopy in the biological sector to detect various diseases and increase in the demand for IR spectroscopy techniques in various industries including biological, medicinal, chemistry, chemicals, food and beverages (F&B), pharmaceuticals, and semiconductors are the major factors among others driving the infrared spectroscopy market. Moreover, rise in the demand from emerging nations, rise in the adoption of NIR spectroscopy in seed detection and rise in the research and development activities in the market will further create new opportunities for infrared spectroscopy market in the forecasted period of 2021-2028.
However, rise in the technical limitations of IR spectroscopy and availability of used IR devices are the major factors among others which will obstruct the market growth, and will further challenge the growth of infrared spectroscopy market in the forecast period mentioned above.
The infrared spectroscopy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 infrared spectroscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Infrared Spectroscopy Market Scope and Market Size
The infrared spectroscopy market is segmented on the basis of product type, spectrum, application and technology. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the infrared spectroscopy market is segmented into benchtop IR spectroscope, IR microscopy, portable IR spectroscope, hyphenated IR spectroscope and terahertz IR spectroscope.
- Based on spectrum, the infrared spectroscopy market is segmented into near infrared, far infrared and mid infrared.
- Based on application, the infrared spectroscopy market is segmented into pharma and biotech, food and beverages, environmental testing, academics, security, industrial, petrochemicals, semiconductors and others.
- The infrared spectroscopy market is also segmented on the basis of technology into dispersive infrared spectroscopy and Fourier transform infrared (FTIR) spectroscopy.
Infrared Spectroscopy Market Country Level Analysis
The infrared spectroscopy market is analysed and market size insights and trends are provided by country, product type, spectrum, application and technology as referenced above.
The countries covered in the infrared spectroscopy 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 infrared spectroscopy market due to rise in the investments in research and development activities and increase in the research and development investment in pharma and life sciences in this region.
The country section of the infrared spectroscopy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The infrared spectroscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for infrared spectroscopy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the infrared spectroscopy market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Infrared Spectroscopy Market Share Analysis
The infrared spectroscopy 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 infrared spectroscopy market.
The major players covered in the infrared spectroscopy market report are TeraView Limited, Teledyne Technologies, Agilent Technologies, Inc., BaySpec, Inc., 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 and Advanced Photonix Inc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Infrared Spectroscopy Market
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