The IR spectroscopy market is expected to be valued at USD 1.26 Billion by 2022, growing at a CAGR of 6.5% during the forecast period. This report estimates the size and future growth potential of the IR spectroscopy market across different segments such as spectrum sensitivity, product type, cooling requirement, vertical, and geography. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. This report provides detailed information regarding the major factors influencing the growth of the IR spectroscopy market such as drivers, restraints, opportunities, and industry-specific challenges. Along with this, growth opportunities for the stakeholders have been analyzed by identifying the high-growth segment of the IR spectroscopy market.

The research methodology used to estimate and forecast the IR spectroscopy market begins with obtaining data on key vendor revenues through company annual reports, SEC filings, Factiva, Bloomberg business, and other secondary resources. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global IR spectroscopy market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of the primaries is depicted in the figure below:

IR Spectroscopy Market

To know about the assumptions considered for the study, download the pdf brochure

The IR spectroscopy ecosystem comprises component IR sensor/ detector suppliers such as Hamamatsu Photonics K.K. (Japan) and Andor Technology Ltd. (Ireland); IR spectroscopy device manufacturers such as Thermo Fisher Scientific (U.S.), PerkinElmer (U.S.), Bruker Corporation (U.S.), and Agilent Technologies (U.S.) among others. Along with this, distributors such as Portmann Instruments AG (Switzerland), JSB International (Netherlands), and Polytech Instrument Ltd. (India) cater to the end customers’ need for IR spectroscopy products.

Key Target Audience

CTO of the biological & pharmaceuticals industry
Original equipment manufacturers (OEMs)
Technology investors
Research institutions and organizations
Government body such as regulating authorities and policy makers
Companies and organizations operating in the IR spectroscopy market
End user from various sectors such as pharmaceuticals, chemicals, food and beverages, semiconductors, and others
Scope of the Report

The research report segments the IR spectroscopy market into the following submarkets:

By Spectrum Sensitivity

NIR
Mid IR
Far IR
By Product Type

Benchtop Spectroscopes
Micro-spectroscopes
Portable Spectroscopes
Hyphenated Spectroscopes
By Industry:

Biological
Pharmaceuticals
Chemicals
Food & Beverages
Environmental
Semiconductors
Others
By Geography:

North Americas
Europe
APAC
RoW
Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

Further breakdown of the IR spectroscopy market in North America
Further breakdown of the IR spectroscopy market in Europe
Further breakdown of the IR spectroscopy market in APAC
Further breakdown of the IR spectroscopy market in RoW