24/7 Customer Support

IR Spectroscopy Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global IR Spectroscopy Market: (By Spectrum - Short Wave Infrared (0.78 to 1.5 microns), Medium Wave Infrared (1.5 to 3 microns), Longwave Infrared (3 to 1000 microns); By Product Type (Benchtop Spectroscopes, Micro Spectroscopes, Hyphenated Spectroscopes, Portable IR Spectroscopy); By Technology (Dispersive Infrared Spectroscopy, Fourier Transform Infrared (FTIR) Spectroscopy); By Application (Food & Beverage Testing, Healthcare & Pharmaceuticals, Environmental Testing, Biological Research, Consumer Electronics, Others) and By Country—Industry Dynamics, Market Size, Opportunity and Forecast for 2022–2030

  • Published On: 04-Oct-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA1022306
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
IR Spectroscopy Market

View Full Infographic

REPORT SCOPE

Market Size Value in 2021US$ 1,952.3 Million
Expected Revenue in 2030US$ 2,866.7 Million
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR4.6%
Segments coveredBy Spectrum, By Product Type, By Technology, By Application, By Region
Key CompaniesABB Ltd., Agilent Technologies, Inc., Bruker Corporation, Hitachi High-Tech Corporation, Horiba, JASCO Inc, Medtronic, Metrohm India Limited, Miltenyi Biotec, MKS Instruments Inc., PerkinElmer, Inc., Quest Medical Imaging B.V., Sartorius AG, Shimadzu Corporation, Teledyne Technologies Corporation, Thermo Fisher Scientific, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Short Wave Infrared (0.78 to 1.5 microns), Medium Wave Infrared (1.5 to 3 microns), Longwave Infrared (3 to 1000 microns) are the three types of spectrums under IR Spectroscopy that are expected to grow substantially in the future.

Major applications where IR Spectroscopy is being used include Food & Beverage Testing, Healthcare & Pharmaceuticals, Environmental Testing, Biological Research, Consumer Electronics, and others.

The main benefits of IR Spectroscopy include qualitative and quantitative analysis, easy sample preparation & interpretation, versatility in providing all significant information, sensitivity and time-saving technique, etc.

Infrared spectroscopy can acquire quick, inexpensive, and non-destructive qualitative and quantitative data concurrently in less than one second for the entire frequency range and can be used in diverse applications, which makes it an emerging technology.

Global IR Spectroscopy Market is projected to grow at a CAGR of 4.6% during the forecast period 2022-2030 and is expected to reach US$ 2,866.7 Million. 

Factor such as gain of latest and enhanced technology, extensive R&D investments into medical industry, and spurred demand for quality control across industries drives the growth in the global IR Spectroscopy market over the forecast period.

The Portable IR Spectroscopy segment holds the largest CAGR in the Global IR Spectroscopy market during the forecast period.

The high replacement cost of IR Spectroscopy inhibits the growth of the IR Spectroscopy market during the forecast period. 

North America holds the major share in terms of revenue in the Global IR Spectroscopy Market.

The US holds the major share in terms of revenue in the North America IR Spectroscopy Market.

Growing adoption of NIR Spectroscopy in the agriculture sector provides a lucrative growth opportunity in the IR Spectroscopy market.

Spectrum, Product Type, Technology, Application, and Country are the different segments in the global IR Spectroscopy market

Medtronic, Bruker Corporation, Agilent Technologies Inc., Thermo Fisher Scientific, and Sartorius AG among others.