HOME Top Market Reports IR Spectroscopy Market by Spectrum Sensitivity (NIR, Mid IR, and Far IR), Product Type (Benchtop, Micro, Portable, and Hyphenated), Vertical (Biological, Pharmaceuticals, Chemicals, Food & Beverages, Environmental), and Geography - Global Forecast to 2022

IR Spectroscopy Market by Spectrum Sensitivity (NIR, Mid IR, and Far IR), Product Type (Benchtop, Micro, Portable, and Hyphenated), Vertical (Biological, Pharmaceuticals, Chemicals, Food & Beverages, Environmental), and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: SE 4513

 

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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

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Market Covered
    1.4 Stakeholders
    1.5 Currency & Pricing

2 Research Methodology (Page No. - 16)
    2.1 Arriving at the Market Size
    2.2 Market Size Estimation
    2.3 Forecasting Approach
    2.4 Top – Down & Bottom – Up Approach
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.5 Market Crackdown & Data Triangulations
    2.6 Demand Side Approach
    2.7 Key Data Points Taken From Secondary Research
    2.8 Key Data Points Taken From Primary Research
    2.9 Market Share Estimation
    2.10 Report Assumptions

3 Executive Summary (Page No. - 29)

4 Market Overview (Page No. - 32)
    4.1 Introduction
    4.2 Parent Market Comparison
    4.3 Industry Trends
    4.4 Market Dynamics
           4.4.1 Drivers
                    4.4.1.1 Regulatory Framework for Process Analytical Technology in the Pharmaceuticals Industry
                    4.4.1.2 Increasing in Adoption of Food Fingerprinting Techniques
                    4.4.1.3 Increase in R&D Investment in Life Science
                    4.4.1.4 Continuos Techological Advancements in IR Spectroscopy
           4.4.2 Restraints
                    4.4.2.1 Technical Limitation of IR Spectroscopy
                    4.4.2.2 Availability of Used IR Spectrosocpy Devices in the Market
           4.4.3 Opportunities
                    4.4.3.1 Adoption of NIR Spectrosocpy in Seed Quality Detection
                    4.4.3.2 Growing Proteomics Market
                    4.4.3.3 Growing Product Development for the Biological Vertical
    4.5 Value Chain Analysis
    4.6 Porter’s Five Forces Model
           4.6.1 Bargaining Power of Suppliers
           4.6.2 Bargaining Power of Buyers
           4.6.3 Threat of New Entrants
           4.6.4 Threat of Substitutes
           4.6.5 Intensity of Competitive Rivalry

5 IR Spectroscopy Market, By Product Technology (Page No. - 49)
    5.1 Market Overview, By Spectrum Sensitivity
           5.1.1 Near Infrared (NIR)
                    5.1.1.1 NIR Spectroscopy Market, By Product Type
                    5.1.1.2 NIR Spectroscopy Market, By Vertical
           5.1.2 Mid Infrared (Mid IR)
                    5.1.2.1 Mid IR Spectroscopy Market, By Product Type
                    5.1.2.2 Mid IR Spectroscopy Market, By Vertical
           5.1.3 Far Infrared (Far IR)
                    5.1.3.1 Far IR Spectroscopy Market, By Product Type
                    5.1.3.2 Far IR Spectroscopy Market, By Vertical
    5.2 Market Overview, By Cooling Requirement

6 IR Spectroscopy Market, By Product Type (Page No. - 58)
    6.1 Market Overview, Product Type 
           6.1.1 Benchtop IR Spectroscope
                    6.1.1.1 Benchtop IR Spectroscope Market, By Spectrum Sensitivity
           6.1.2 Micro IR Spectroscope
                    6.1.2.1 Micro IR Spectroscope Market, By Spectrum Sensitivity
           6.1.3 Portable IR Spectroscope, By Spectrum Sensitivity
                    6.1.3.1 Portable IR Spectroscope, By Spectrum Sensitivity
           6.1.4 Hyphenated IR Spectroscope
                    6.1.4.1 Hyphenated IR Spectroscope, By Spectrum Sensitivity

7 Global IR Spectrosocpy Market, By Vertical (Page No. - 65)
    7.1 IR Spectroscopy Market Overview, Vertical
    7.2 Pharmaceutical
    7.3 Chemicals 
    7.4 Food & Beverages 
    7.5 Environmental
    7.6 Biological
           7.6.1 IR Spectroscopy Market Overview, Biological Vertical
    7.7 Semiconductor

8 Geographic Analysis (Page No. - 74)
    8.1 IR Spectroscopy Market, By Geography
    8.2 North Americas
    8.3 Asia-Pacific
    8.4 Europe
    8.5 Rest of the World

9 Competitive Landscape (Page No. - 85)
    9.1 Introduction
    9.2 IR Spectroscopy Market Share Analysis, 2015
    9.3 Competitive Scenario & Trends
    9.4 Recent Developments
           9.4.1 New Product Launches
           9.4.2 Mergers & Acqusitions
           9.4.3 Partnerships, Agreements, Joint Ventures, & Collaborations
           9.4.4 Business Expansions
           9.4.5 Others

10 Company Profiles (Page No. - 98)
     10.1 Agilent Technologies, Inc.
     10.2 Bayspec, Inc.
     10.3 Bruker Corp 
     10.4 Horiba, Ltd.
     10.5 Jasco Inc
     10.6 Perkinelmer Inc.
     10.7 Princeton Instruments (PI)
     10.8 Spectra Analysis Instruments Inc.
     10.9 Teledyne Technologies Inc
     10.10 Thermo Fisher Scientific Inc
     10.11 Foss


List of Tables (38 Tables)

Table 1 Country Wise Trade of Spectrometer, Spectrophotometer, and Others Devices in 2015
Table 2 Key Data Taken From Secondary Sources
Table 3 Key Data Taken From Primary Sources
Table 4 General Assumptions
Table 5 Year-Wise & Forecast Assumptions
Table 6 Year-Wise & Forecast Assumptions
Table 7 Quantification of Porter’s Analysis
Table 8 Global IR Spectroscopy Market, By Spectrum Sensitivity, 2014 – 2022 (Unit Shipment)
Table 9 NIR Spectroscopy Market, By Product Type, 2014 – 2022 (Unit Shipment)
Table 10 Mid IR Spectroscopy Market, By Product Type, 2014 – 2022 (Unit Shipment)
Table 11 Far IR Spectroscopy Market, By Product Type, 2014 – 2022 (Unit Shipment)
Table 12 Global IR Spectroscopy Market, By Cooling Requirement, 2014 – 2022 (Unit Shipment)
Table 13 Global IR Spectroscopy Market By Product Type (Unit Shipment) (2016-2022)
Table 14 IR Benchtop Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table 15 IR Micro Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table 16 IR Portable Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table 17 IR Hyphenated Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table 18 Global IR Spectroscopy Market, By Region, 2014 – 2022 (Unit Shipment)
Table 19 IR Spectroscopy Market in North America By Country, 2014 – 2022 (Unit Shipment)
Table 20 IR Spectroscopy Market in APAC By Country, 2014 – 2022 (Unit Shipment)
Table 21 IR Spectroscopy Market in Europe By Country, 2014 – 2022 (Unit Shipment)
Table 22 IR Spectroscopy Market in RoW By Country, 2014 – 2022 (Unit Shipment)
Table 23 IR Spectroscopy Market List of New Product Development
Table 24 IR Spectroscopy Market List of Merger and Acquistions
Table 25 IR Spectroscopy Market List of Agreements, Partnership, Joint Ventures, Contracts & Collabrations
Table 26 IR Spectroscopy Market List of Expansion
Table 27 IR Spectroscopy Market List of Other Activities
Table 28 Agilent Technologies, Inc.: Developments
Table 29 Bayspec, Inc.: Developments
Table 30 Bruker Corporation: Developments
Table 31 Horiba, Ltd.: Developments
Table 32 Jasco Incorporated: Developments
Table 33 Perkinelmer Inc.: Developments
Table 34 Princeton Instruments (PI): Developments
Table 35 Dani Instruments Spa: Developments
Table 36 Teledyne Dalsa Inc.: Developments
Table 37 Thermo Fisher Scientific Inc.: Developments
Table 38 Foss: Developments


List of Figures (75 Figures)

Figure 1 IR Spectrum Range (Wavelength)
Figure 2 Market Covered
Figure 3 Market Size Estimation
Figure 4 Top – Down & Bottom – Up Approach
Figure 5 Market Crackdown & Data Triangulations
Figure 6 Key Insights From Primary Respondent
Figure 7 Executive Summary of IR Spectroscopy Market 2015
Figure 8 Market Dynamics of IR Spectroscopy Market
Figure 9 Market Dynamics of IR Spectroscopy Market
Figure 10 IR Spectroscopy Market Driver Impact Analysis
Figure 11 IR Spectroscopy Market Restraint Impact Analysis
Figure 12 IR Spectroscopy Market Value Chain Analysis
Figure 13 Impact Analysis in 2015
Figure 14 Impact Analysis in 2015 & 2022
Figure 15 Bargaining Power of Supplier
Figure 16 Bargaining Power of Buyer
Figure 17 Threat From New Entrant
Figure 18 Threat From Substitute
Figure 19 Degree of Competition
Figure 20 Global IR Spectroscopy Market, By Spectrum Sensitivity, 2014 – 2022 (USD Million)
Figure 21 NIR Spectroscopy Market, By Product Type, 2014 – 2022 (USD Million)
Figure 22 NIR Spectroscopy Market, By Vertical, 2014 – 2022 (USD Million)
Figure 23 Mid IR Spectroscopy Market, By Product Type, 2014 – 2022 (USD Million)
Figure 24 Mid IR Spectroscopy Market, By Vertical, 2014 – 2022 (USD Million)
Figure 25 Far IR Spectroscopy Market, By Product Type, 2014 – 2022 (USD Million)
Figure 26 Far IR Spectroscopy Market, By Vertical, 2014 – 2022 (USD Million)
Figure 27 Global IR Spectroscopy Market, By Cooling Requirement, 2014 – 2022 (USD Million)
Figure 28 Global IR Spectroscopy Market By Product Type (USD Million) (2016-2022)
Figure 29 IR Bench top Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure 30 IR Micro Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure 31 Portable IR Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure 32 IR Hyphenated Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure 33 Global IR Spectroscopy Market By Vertical, 2014-2022 (USD Million))
Figure 34 IR Spectroscopy Market in Pharmaceutical Industry, By Region, 2014 – 2022 (USD Million)
Figure 35 IR Spectroscopy Market in Chemical Industry, By Region, 2014 – 2022 (USD Million)
Figure 36 IR Spectroscopy Market in Food & Beverage Industry, By Region, 2014 – 2022 (USD Million)
Figure 37 IR Spectroscopy Market in Environmental Applications Industry, By Region, 2014 – 2022 (USD Million)
Figure 38 IR Spectroscopy Market in Biological Segment Industry, By Region, 2014 – 2022 (USD Million)
Figure 39 IR Spectroscopy Market in Biological Vertical, By Type, 2014 – 2022 (USD Million)
Figure 40 IR Spectroscopy Market in Semiconductor Industry, By Region, 2014 –2022 (USD Million)
Figure 41 Global IR Spectroscopy Market, Geography Snapshot
Figure 42 Global IR Spectroscopy Market, By Region, 2014 – 2022 (USD Million)
Figure 43 IR Spectroscopy Market in North America
Figure 44 IR Spectroscopy Market in North America By Country, 2014 – 2022 (USD Million)
Figure 45 IR Spectroscopy Market in APAC
Figure 46 IR Spectroscopy Market in APAC By Country, 2014 – 2022 (USD Million)
Figure 47 IR Spectroscopy Market in Europe
Figure 48 IR Spectroscopy Market in Europe By Country, 2014 – 2022 (USD Million)
Figure 49 IR Spectroscopy Market in Rest of the World
Figure 50 IR Spectroscopy Market in RoW By Country, 2014 – 2022 (USD Million)
Figure 51 Global IR Spectroscopy Market, Geography Snapshot
Figure 52 IR Spectroscopy Market Competitive Situation & Trend
Figure 53 Agilent Technologies, Inc.: Business Overview
Figure 54 Agilent Technologies, Inc.: Products Offered
Figure 55 Bayspec, Inc.: Business Overview
Figure 56 Bayspec, Inc.: Products Offered
Figure 57 Bruker Corporation: Business Overview
Figure 58 Bruker Corporation: Products Offered
Figure 59 Horiba, Ltd.: Business Overview
Figure 60 Horiba, Ltd.: Products Offered
Figure 61 Jasco Incorporated: Business Overview
Figure 62 Jasco Incorporated: Products Offered
Figure 63 Perkinelmer Inc.: Business Overview
Figure 64 Perkinelmer Inc.: Products Offered
Figure 65 Princeton Instruments (PI): Business Overview
Figure 66 Princeton Instruments (PI): Products Offered
Figure 67 Spectra Analysis Instruments Inc.: Business Overview
Figure 68 Dani Instruments Spa*: Business Overview
Figure 69 Spectra Analysis Instruments Inc.: Products Offered
Figure 70 Teledyne Technologies Inc.*: Business Overview
Figure 71 Teledyne Dalsa Inc.: Products Offered
Figure 72 Thermo Fisher Scientific Inc.: Business Overview
Figure 73 Thermo Fisher Scientific Inc.: Products Offered
Figure 74 Foss: Business Overview
Figure 75 Foss: Products Offered

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. The major drivers for the growth of the IR spectroscopy market include technological advancements in miniaturization and computerization of IR spectroscopy instruments. The increasing use of IR spectroscopy in the food & beverages industry would foster the growth of the IR spectroscopy market. Food fingerprinting techniques help to identify the unknown components in the food that can be a potential threat for health; IR spectroscopy is one such key techniques. Along with this, IR spectroscopy is used in the biological sector to identify various dieses. For instance, the Polish Academy of Sciences—NaAAcZ Institute of Biocybernetics & Biomedical Engineering, (Warsaw, Poland) has developed an NIR spectroscopy instrument to monitor brain injuries. Such developments in techniques would induce the growth of the IR spectroscopy market in the coming years.

The scope of this report covers the IR spectroscopy market, segmented on the basis of spectrum sensitivity, cooling requirement, product type, vertical, and geography. The market, on the basis of spectrum sensitivity, has been segmented into NIR, Mid IR, and Far IR. MID IR spectroscopes are expected to hold the largest market share and dominate the IR spectroscopy market, based on spectrum sensitivity, during the forecast period.

The IR spectroscopy market, on the basis of product type, has been segmented into benchtop spectroscopes, microspectroscopes, portable spectroscopes, and hyphenated spectroscopes. Portable spectroscopes are expected to play a key role in the growth of the IR spectroscopy market because these instruments offer advantages such as improved workflow, minimum space requirements, and less complication and efforts in maintenance.

The IR spectroscopy market, on the basis of industry, has been segmented into biological, pharmaceuticals, chemicals, food & beverages, environmental, semiconductors, and others. The IR spectroscopy market for the biological sector is expected to grow at the highest rate during the forecast period. The pharmaceuticals sector held the largest market share in 2015, and is expected to dominate the IR spectroscopy market during the forecast period.

IR Spectroscopy Market

The IR spectroscopy market, on the basis of geography, has been segmented into four regions—North Americas, Europe, APAC, and RoW. North America held the largest market share in 2015; however, the market in APAC is expected to grow at the highest rate between 2016 and 2022, owing to the growing industrialization in this region. APAC is a hub for the chemicals & pharmaceuticals and other manufacturing industries; these industries provide base for the installation of IR spectroscopy. This factor is expected to drive the growth of the IR spectroscopy market in this region.

Availability of used IR spectroscopy devices in the market for resale acts as a major restraining factor for the growth of the IR spectroscopy market for certain industries. The major companies operating in the IR spectroscopy market include Thermo Fisher Scientific (U.S.), PerkinElmer (U.S.), Bruker Corporation (U.S.), Agilent Technologies (U.S.), Foss (Denmark), and others. These players have adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the IR spectroscopy market.

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