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Infrared spectroscopy Forecast, Research Overview and Key Companies Analysis by 2028

September 1, 2021

The global infrared spectroscopy size reached USD 1.05 Billion in 2020 and is expected to register a CAGR of 5.9%, during the forecast period, according to latest analysis by Emergen Research. The report provides detailed insights into infrared spectroscopy size, market trends, industry trends, consumer trends, market forecast, revenue share growth, along with ranging impacts of each driver on market size. It also provides analysis of various factors expected to restrain or limit potential growth in infrared spectroscopy size over the forecast period, 2020–2028. Growing demand for IR spectroscopy in diverse industries such as chemicals, biological research, healthcare & pharmaceuticals, consumer electronics, food & beverages, and others is a key factor expected to continue to drive growth of the global infrared spectroscopy over the forecast period. The report includes profiles of major players in the infrared spectroscopy, strategies being employed/deployed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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However, technological constraints of IR spectroscopy in the analysis of groups for chemical solvents is expected to hamper global infrared spectroscopy growth to a certain extent going forward. Global infrared spectroscopy size expansion is significantly supported by contribution from major segments and increasing deployment in a range of applications. While conducting primary research, the researchers observed that the rapid growth of the infrared spectroscopy through the forecast duration is driven by the niche and emerging opportunities for the producers engaged in the worldwide infrared spectroscopy. In addition, increasing investments in research and development in the healthcare and pharmaceutical industries is expected to further propel market growth going ahead. Furthermore, increasing adoption of mid-infrared spectroscopy is expected to augment market growth in the near future. The worldwide infrared spectroscopy has been categorized as product, end-user, and major geographic regions.

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Emergen Research has segmented the global infrared spectroscopy on the basis of type, technology, end-use, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)
- Micro Spectroscopes
- Hyphenated Spectroscopes
- Portable Spectroscopes
- Benchtop Spectroscopes

Technology Outlook (Revenue, USD Billion; 2018–2028)
- Near-Infrared
- Mid-Infrared
- Far-Infrared

End-use Outlook (Revenue, USD Billion; 2018–2028)
- Chemicals
- Biological Research
- Healthcare & pharmaceuticals
- Consumer Electronics
- Environmental
- Food & Beverages
- Others

Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
  1. U.S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. U.K.
  3. France
  4. Italy
  5. Spain
  6. BENELUX
  7. Rest of Europe
- Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. South Africa
  4. Turkey
  5. Rest of MEA

In terms of infrared spectroscopy share and revenue contribution to the global infrared spectroscopy, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in infrared spectroscopy share.

The market intelligence report on the IR Spectroscopy Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the IR Spectroscopy industry

In terms of infrared spectroscopy size, North America is expected to remain dominant among the other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting infrared spectroscopy size growth.

Asia Pacific infrared spectroscopy size is expected to remain steady, and register fastest revenue growth rate between 2020 and 2028. Rapid revenue growth rate in countries such as China and India is attributable to rapid growth in infrared spectroscopy size in Asia Pacific, and the trend is expected to continue going ahead.

Continuous developments in countries in Europe is expected to support growth in regional market size over the forecast period.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

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Some Key Highlights in the Report

Benchtop spectroscopes segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing usage of benchtop spectroscopes systems to identify chemical characteristics of nuclear/molecular patterns of specimens is expected to boost growth of this segment.
In terms of market share, the mid-infrared segment is expected to register significant growth over the forecast period due to increasing use of mid-infrared technology to recognized molecules based on activity between particles and magnetic fields in mid-infrared area.
Increasing use of IR spectroscopy in the healthcare & pharmaceuticals industry to enhance light quality of endoscopic equipment used for deletion of blood vessel plaque, and kidney stones is expected to drive growth of the healthcare & pharmaceuticals segment. In addition, the healthcare & pharmaceuticals segment is expected to continue to lead in terms of revenue share contribution to the global infrared spectroscopy during the forecast period.

The research provides answers to the following key questions:

What will be the growth rate and the market size of the IR Spectroscopy industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the infrared spectroscopy across different regions?
Who are the major driving forces expected to decide the fate of the IR Spectroscopy industry worldwide?
Who are the prominent market players making a mark in the infrared spectroscopy with their winning strategies?
Which IR Spectroscopy industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the infrared spectroscopy?

Table of Content

Chapter 1. Methodology & Sources

1.1. infrared spectroscopy Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. infrared spectroscopy Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028