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
    1.2 Objective of the Study
    1.3 Market Definition
    1.4 Market Covered
    1.5 Stakeholders
    1.6 Currency & Years Considered for Study

2 Research Methodology
    2.1 Arriving at the Market Size
    2.2 Market Size Estimation
    2.3 Forecasting Approach
    2.4 Top – Down & Bottom – Up Approach
           2.4.1  Top-Down Approach
           2.4.2  Bottom-Up 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

4 Market Overview
    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  Increase in Adoption of Food Fingerprinting Techniques
                    4.4.1.3  Increase in R&D Investment in Life Sciences
                    4.4.1.4  Continuous Technological 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 Spectroscopy Devices in the Market
           4.4.3 Opportunities
                    4.4.3.1  Adoption of NIR Spectroscopy 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
    5.1 Introduction
           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 Colling Requirement

6 IR Spectroscopy Market, By Product Type
    6.1 Market Overview, Product Type 
           6.1.1 Benchtop Spectroscope
                    6.1.1.1 Benchtop Spectroscope Market, By Spectrum Sensitivity
           6.1.2 Micro Spectroscope
                    6.1.2.1 Micro Spectroscope Market, By Spectrum Sensitivity
           6.1.3 Portable Spectroscope, By Spectrum Sensitivity
                    6.1.3.1 Portable Spectroscope, By Spectrum Sensitivity
           6.1.4 Hyphenated Spectroscope
                    6.1.4.1 Hyphenated Spectroscope, By Spectrum Sensitivity

7 Global IR Spectrosocpy Market, By Vertical
    7.1 IR Spectroscopy Market Overview, Vertical
    7.2 Pharmaceutical
    7.3 Chemicals
    7.4 Food & Beverages
    7.5 Environmental
    7.6 Biological
    7.7 IR Spectroscopy Market Overview, Biological Vertical
    7.8 Semiconductor

8 IR Spectroscopy Market, By Geography
    8.1 IR Spectroscopy Market, By Geography
    8.2 IR Spectroscopy Market in North Americas
    8.3 IR Spectroscopy Market in Asia-Pacific
    8.4 IR Spectroscopy Market in Europe
    8.5 IR Spectroscopy Market in Rest of the World

9 Competitive Landscape
    9.1 Introduction
    9.2 IR Spectroscopy Market Share Analysis
    9.3 Competitive Scenario & Trends
    9.4 Recent Developments
           9.4.1 New Product Launches
           9.4.2 Mergers & Acquisitions
           9.4.3 Agreements, Partnerships, Joint Ventures, & Collaborations
           9.4.4 Business Expansions
           9.4.5 Others

10 Company Profile
     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 No. 2.1: Country Wise Trade of Spectrometer, Spectrophotometer, and Others Devices in 2015
Table No. 2.2: Key Data Taken From Secondary Sources
Table No. 2.3: Key Data Taken From Primary Sources
Table No. 2.4: General Assumptions
Table No. 2.5: Year-Wise & Forecast Assumptions
Table No. 2.6: Year-Wise & Forecast Assumptions
Table No. 4.1: Quantification of Porter’s Analysis
Table No. 5.1: Global IR Spectroscopy Market, By Spectrum Sensitivity, 2014 – 2022 (Unit Shipment)
Table No. 5.2: NIR Spectroscopy Market, By Product Type, 2014 – 2022 (Unit Shipment)
Table No. 5.3: Mid IR Spectroscopy Market, By Product Type, 2014 – 2022 (Unit Shipment)
Table No. 5.4: Far IR Spectroscopy Market, By Product Type, 2014 – 2022 (Unit Shipment)
Table No. 5.5: Global IR Spectroscopy Market, By Cooling Requirement, 2014 – 2022 (Unit Shipment)
Table No. 6.1: Global IR Spectroscopy Market By Product Type, 2014 – 2022 (Unit Shipment)
Table No. 6.2: IR Benchtop Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table No. 6.3: IR Micro Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table No. 6.4: IR Portable Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table No. 6.5: IR Hyphenated Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (Unit Shipment)
Table No. 8.1: Global IR Spectroscopy Market, By Region, 2014 – 2022 (Unit Shipment)
Table No. 8.2: IR Spectroscopy Market in North America By Country, 2014 – 2022 (Unit Shipment)
Table No. 8.3: IR Spectroscopy Market in APAC By Country, 2014 – 2022 (Unit Shipment)
Table No. 8.4: IR Spectroscopy Market in Europe By Country, 2014 – 2022 (Unit Shipment)
Table No. 8.5: IR Spectroscopy Market in RoW By Country, 2014 – 2022 (Unit Shipment)
Table No. 9.1: IR Spectroscopy Market List of New Product Development
Table No. 9.2: IR Spectroscopy Market List of Merger and Acquistions
Table No. 9.3: IR Spectroscopy Market List of Agreements, Partnership, Joint Ventures, Contracts & Collabrations
Table No. 9.4: IR Spectroscopy Market List of Expansion
Table No. 9.5: IR Spectroscopy Market List of Other Activities
Table No. 10.1: Agilent Technologies, Inc.: Developements
Table No. 10.2: Bayspec, Inc.: Developements
Table No. 10.3: Bruker Corporation: Developements
Table No. 10.4: Horiba, Ltd.: Developements
Table No. 10.5: Jasco Incorporated: Developements
Table No. 10.6: Perkinelmer Inc.: Developements
Table No. 10.7: Princeton Instruments (PI): Developements
Table No. 10.8: Dani Instruments Spa: Developements
Table No. 10.9: Teledyne Dalsa Inc.: Developments
Table No. 10.10: Thermo Fisher Scientific Inc.: Developments
Table No. 10.11: Foss: Developements


List of Figures (75 Figures)

Figure No. 1.1: IR Spectrum Range (Wavelength)
Figure No. 1.2: Market Covered
Figure No. 2.1: Market Size Estimation
Figure No. 2.2: Top – Down & Bottom – Up Approach
Figure No. 2.3: Market Crackdown & Data Triangulations
Figure No. 2.4: Key Insights From Primary Respondent
Figure No. 3.1: Executive Summary of IR Spectroscopy Market 2015
Figure No. 4.1: Market Dynamics of IR Spectroscopy Market
Figure No. 4.2: Market Dynamics of IR Spectroscopy Market
Figure No. 4.3: IR Spectroscopy Market Driver Impact Analysis
Figure No. 4.4: IR Spectroscopy Market Restraint Impact Analysis
Figure No. 4.5: IR Spectroscopy Market Value Chain Analysis
Figure No. 4.6: Impact Analysis in 2015
Figure No. 4.7: Impact Analysis in 2015 & 2022
Figure No. 4.8: Bargaining Power of Supplier
Figure No. 4.9: Bargaining Power of Buyer
Figure No. 4.10: Threat From New Entrant
Figure No. 4.11: Threat From Substitute
Figure No. 4.12: Degree of Competition
Figure No. 5.1: Global IR Spectroscopy Market, By Spectrum Sensitivity, 2014 – 2022 (USD Million)
Figure No. 5.2: NIR Spectroscopy Market, By Product Type, 2014 – 2022 (USD Million)
Figure No. 5.3: NIR Spectroscopy Market, By Vertical, 2014 – 2022 (USD Million)
Figure No. 5.4: Mid IR Spectroscopy Market, By Product Type, 2014 – 2022 (USD Million)
Figure No. 5.5: Mid IR Spectroscopy Market, By Vertical, 2014 – 2022 (USD Million)
Figure No. 5.6: Far IR Spectroscopy Market, By Product Type, 2014 – 2022 (USD Million)
Figure No. 5.7: Far IR Spectroscopy Market, By Vertical, 2014 – 2022 (USD Million)
Figure No. 5.8: Global IR Spectroscopy Market, By Cooling Requirement, 2014 – 2022 (USD Million)
Figure No. 6.1: Global IR Spectroscopy Market By Product Type, 2014 – 2022 (USD Million)
Figure No. 6.2: IR Benchtop Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure No. 6.3: IR Micro Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure No. 6.4: Portable IR Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure No. 6.5: IR Hyphenated Spectroscopy Market, By Spectrum Sensitivity, 2014-2022 (USD Million)
Figure No. 7.1: Global IR Spectroscopy Market By Vertical, 2014 – 2022 (USD Million)
Figure No. 7.2: IR Spectroscopy Market in Pharmaceutical Industry, By Region, 2014 – 2022 (USD Million)
Figure No. 7.3: IR Spectroscopy Market in Chemical Industry, By Region, 2014 – 2022 (USD Million)
Figure No. 7.4: IR Spectroscopy Market in Food & Beverage Industry, By Region, 2014 – 2022 (USD Million)
Figure No. 7.5: IR Spectroscopy Market in Environmental Applications Industry, By Region, 2014 – 2022 (USD Million)
Figure No. 7.6: IR Spectroscopy Market in Biological Segment Industry, By Region, 2014 – 2022 (USD Million)
Figure No. 7.7: IR Spectroscopy Market in Biological Vertical, By Type, 2014 – 2022 (USD Million)
Figure No. 7.8: IR Spectroscopy Market in Semiconductor Industry, By Region, 2014 – 2022 (USD Million)
Figure No. 8.1: Global IR Spectroscopy Market, Geography Snapshot
Figure No. 8.2: Global IR Spectroscopy Market, By Region, 2014 – 2022 (USD Million)
Figure No. 8.3: IR Spectroscopy Market in North America
Figure No. 8.4: IR Spectroscopy Market in North America By Country, 2014 – 2022 (USD Million)
Figure No. 8.5: IR Spectroscopy Market in APAC
Figure No. 8.6: IR Spectroscopy Market in APAC By Country, 2014 – 2022 (USD Million)
Figure No. 8.7: IR Spectroscopy Market in Europe
Figure No. 8.8: IR Spectroscopy Market in Europe By Country, 2014 – 2022 (USD Million)
Figure No. 8.9: IR Spectroscopy Market in Rest of the World
Figure No. 8.10: IR Spectroscopy Market in RoW By Country, 2014 – 2022 (USD Million)
Figure No. 9.1: Global IR Spectroscopy Market, Geography Snapshot
Figure No. 9.2: IR Spectroscopy Market Competitive Situation & Trend
Figure No. 10.1: Agilent Technologies, Inc.: Business Overview
Figure No. 10.2: Agilent Technologies, Inc.: Products Offred
Figure No. 10.3: Bayspec, Inc.: Business Overview
Figure No. 10.4: Bayspec, Inc.: Products Offered
Figure No. 10.5: Bruker Corporation: Business Overview
Figure No. 10.6: Bruker Corporation: Products Offered
Figure No. 10.7: Horiba, Ltd.: Business Overview
Figure No. 10.8: Horiba, Ltd.: Products Offered
Figure No. 10.9: Jasco Incorporated: Business Overview
Figure No. 10.10: Jasco Incorporated: Products Offered
Figure No. 10.11: Perkinelmer Inc.: Business Overview
Figure No. 10.12: Perkinelmer Inc.: Products Offered
Figure No. 10.13: Princeton Instruments (PI): Business Overview
Figure No. 10.14: Princeton Instruments (PI): Products Offered
Figure No. 10.15: Spectra Analysis Instruments Inc.: Business Overview
Figure No. 10.16: Dani Instruments Spa*: Business Overview
Figure No. 10.17: Spectra Analysis Instruments Inc.: Products Offered
Figure No. 10.18: Teledyne Technologies Inc.*: Business Overview
Figure No. 10.19: Teledyne Dalsa Inc.: Products Offered
Figure No. 10.20: Thermo Fisher Scientific Inc.: Business Overview
Figure No. 10.21: Thermo Fisher Scientific Inc.: Products Offered
Figure No. 10.22: Foss: Business Overview
Figure No. 10.23: 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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