Report Id: SNS/SEMI/2396 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
IR Spectroscopy Market Size was valued at USD 1.14 billion in 2022, and is expected to reach USD 1.59 billion by 2030, and grow at a CAGR of 4.2% over the forecast period 2023-2030.
Infrared spectroscopy (IR spectroscopy) is a spectroscopy technique that deals with the infrared portion of the electromagnetic spectrum. The method is used to detect, elucidate the structure of, and qualify elements in any sample, whether solid, liquid, or gas. It analyses the various features and molecules to produce results. This is most commonly found in the food industry. This technology is used by scientists for nanoscale semiconductor analysis, protein characterization, and space exploration. It has numerous benefits, including fast scanning, high resolution, and high sensitivity. It can also be used for substance identification, molecular structure determination, impurity detection, and functional group identification.
MARKET DYNAMICS:
KEY DRIVERS:
Ongoing technological advancements in IR spectroscopy.
Increased R&D investment in the healthcare and pharmaceutical industries.
RESTRAINTS:
Used infrared spectroscopy instruments are available.
The technical limitations of IR spectroscopy.
OPPORTUNITIES:
Product development for biological research is expanding.
NIR spectroscopy is being used to detect seed quality.
CHALLENGES:
IR spectroscopy products are expensive.
Other alternative technologies
IMPACT OF COVID-19:
In healthcare and pharmaceuticals, biological research, and food and beverage end-user industries, IR spectroscopy is widely used for testing applications. In these industries, stringent government regulations and increased demand for quality maintenance drive the adoption of IR spectroscopy. However, the outbreak and spread of the COVID-19 have resulted in a drop in demand for a number of products. Furthermore, manufacturing plants in several countries have been shut down to prevent the virus from spreading. The spread of COVID-19 prompted an increase in the production of pharmaceuticals and other medical equipment. This has resulted in a surge in demand for IR spectroscopy products and solutions in the healthcare and pharmaceutical end-use industries.
Based on product type, the IR spectroscopy market is segmented into Benchtop Spectroscopes, Portable Spectroscopes, Micro Spectroscopes and Hyphenated Spectroscopes. Benchtop spectrometers are instruments that use nuclear magnetic resonance to determine the physical and chemical properties of samples' atomic/molecular structures. With a single set of diagnostic tests, nuclear magnetic resonance can determine the entire structure of organic compounds. Once the basic structure of a sample is identified, its physical properties and molecular conformation, including solubility, can be determined. Many nuclei have an accurate spin rate. They are all charged electrically. When a magnetic field is applied to a fixed nucleus, energy transfer can occur at a wavelength that corresponds to a particular radio frequency. When the field is removed, the energy at the same frequency is released. The signal associated with this transfer is analysed and processed to produce a nuclear magnetic resonance (NMR) spectrum. The magnetic field directed at the nucleus identifies the seized resonant frequency. This field is influenced by electrons, which are in turn influenced by their chemical surroundings. Following that, using a resonant frequency, data on the tested chemical environments of the nucleus can be determined.
Based on end user, the IR spectroscopy market is segmented into Healthcare & pharmaceuticals, Biological Research, Consumer Electronics, Chemicals, Environmental and Food & Beverages. Proteomics and genomics advancements in biological research have increased demand for IR spectroscopy products and solutions. IR spectroscopy is used to detect photon level absorption in a molecule. It is also used to analyse fingerprints. The use of infrared spectroscopy to detect the movements of various organisms in the human body is widespread. These factors are fueling demand for IR spectroscopy products and solutions for biological research.
COMPETITIVE LANDSCAPE:
The key players in the IR spectroscopy market are Thermo Fisher Scientific, PerkinElmer, Shimadzu Corporation, Bruker Corporation, Jasco, Oxford Instruments, Teledyne Princeton Instruments, Agilent Technologies, Horiba Limited, Metrohm, Hitachi High-Technologies Corporation, Newport Corporation and Sartorius.
MARKET SEGMENTATION:
BY PRODUCT TYPE
Benchtop Spectroscopes
Portable Spectroscopes
Micro Spectroscopes
Hyphenated Spectroscopes
BY TECHNOLOGY
Near-infrared
Mid-infrared
Far-infrared
BY END USER
Healthcare & pharmaceuticals
Biological Research
Consumer Electronics
Chemicals
Environmental
Food & Beverages
REGIONAL ANALYSIS:
North America has the largest share of the IR spectroscopy market and is expected to grow significantly during the forecast period. Due to the presence of high-tech technology and developed infrastructure, a variety of factors are driving the growth of the IR spectroscopy market in the North American region. Furthermore, the rapid development and adoption of technology, as well as the large research industry in the United States, fuel the growth of the regional market.
During the forecast period, Asia-Pacific is expected to be the fastest-growing region for the IR spectroscopy market. In the Asia-Pacific IR spectroscopy market, Japan and China are the leading revenue generators. During the forecast period, the region's pharmaceutical and food and beverage industries are expected to drive regional market growth.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 1.14 Billion |
Market Size by 2030 | US$ 1.59 Billion |
CAGR | CAGR of 4.2% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Product Type (Benchtop Spectroscopes, Portable Spectroscopes, Micro Spectroscopes, Hyphenated Spectroscopes) • By Technology (Near-Infrared, Mid-Infrared, Far-Infrared) • By End User (Healthcare & Pharmaceuticals, Biological Research, Consumer Electronics, Chemicals, Environmental, Food & Beverages) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Thermo Fisher Scientific, PerkinElmer, Shimadzu Corporation, Bruker Corporation, Jasco, Oxford Instruments, Teledyne Princeton Instruments, Agilent Technologies, Horiba Limited, Metrohm, Hitachi High-Technologies Corporation, Newport Corporation and Sartorius. |
Key Drivers | • Ongoing technological advancements in IR spectroscopy. • Increased R&D investment in the healthcare and pharmaceutical industries. |
RESTRAINTS | • Used infrared spectroscopy instruments are available. • The technical limitations of IR spectroscopy. |
Frequently Asked Questions (FAQ) :
The market value is expected to reach USD 1.5 billion by 2028.
The key players in the IR spectroscopy market are Thermo Fisher Scientific, PerkinElmer, Shimadzu Corporation, Bruker Corporation, Jasco, Oxford Instruments, Teledyne Princeton Instruments, Agilent Technologies, Horiba Limited, Metrohm, Hitachi High-Technologies Corporation, Newport Corporation and Sartorius.
Ongoing technological advancements in IR spectroscopy and Increased R&D investment in the healthcare and pharmaceutical industries.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. IR Spectroscopy Market Segmentation, by product type
8.1Introduction
8.2 Benchtop Spectroscopes
8.3 Portable Spectroscopes
8.4 Micro Spectroscopes
8.5 Hyphenated Spectroscopes
9. IR Spectroscopy Market Segmentation, by technology
9.1Introduction
9.2 Near-infrared
9.3 Mid-infrared
9.4 Far-infrared
10. IR Spectroscopy Market Segmentation, by end user
10.1 Introduction
10.2 Healthcare & pharmaceuticals
10.3 Biological Research
10.4 Consumer Electronics
10.5 Chemicals
10.6 Environmental
10.7 Food & Beverages
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 STMicroelectronics
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Thermo Fisher Scientific
12.3 PerkinElmer
12.4 Shimadzu Corporation
12.5 Bruker Corporation
12.6 Jasco
12.7 Oxford Instruments
12.8 Teledyne Princeton Instruments
12.9 Agilent Technologies
12.10 Horiba Limited
12.11 Metrohm
12.12 Hitachi High-Technologies Corporation
12.13 Newport Corporation
12.14 Sartorius
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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