The North America IR Spectroscopy Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America IR Spectroscopy Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $477 million by 2031. The Canada market is experiencing a CAGR of 8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2024 - 2031).
One of the primary drivers of growth in the IR spectroscopy market is the expanding demand for analytical solutions in pharmaceutical and healthcare applications. IR spectroscopy plays a critical role in drug discovery, development, and manufacturing, providing rapid and reliable analysis of pharmaceutical compounds, formulations, and biological samples. In pharmaceutical research, IR spectroscopy enables the identification of drug candidates, characterization of APIs, and assessment of drug stability, purity, and bioavailability. Moreover, IR spectroscopy supports quality control and assurance processes in pharmaceutical manufacturing, helping to ensure compliance with regulatory standards and specifications. IR spectroscopy enables manufacturers to verify the identity, purity, and safety of products, ensuring regulatory compliance and consumer protection.
Furthermore, the chemicals and materials science sectors represent significant segments within the IR spectroscopy market, with applications spanning polymer analysis, chemical composition analysis, quality control, and process monitoring. IR spectroscopy is widely utilized in the analysis of polymers, plastics, coatings, and specialty chemicals, providing valuable insights into material properties, composition, and performance characteristics. In materials research, IR spectroscopy facilitates the investigation of structural defects, phase transitions, and surface interactions, supporting advancements in materials engineering, nanotechnology, and semiconductor manufacturing.
The IR spectroscopy market in the region is witnessing significant expansion, fueled by various factors that underline its importance and effectiveness across different industries. The data provided by the Government of Mexico, indicating a robust gross domestic product (GDP) of $5.18 trillion MX during the fourth quarter of 2023, reflects a strong economic foundation that supports the growth of industries like chemical manufacturing. These factors, combined with technological advancements in IR spectroscopy and its versatile applications across industries, are expected to drive further growth in the IR spectroscopy market.
Free Valuable Insights: The IR Spectroscopy Market is Predict to reach USD 1.8 Billion by 2031, at a CAGR of 6.3%
Based on Technology, the market is segmented into Dispersive and Fourier Transform. Based on Type, the market is segmented into Near-infrared Spectroscopy, Mid-infrared Spectroscopy, and Far-infrared Spectroscopy. Based on Product Type, the market is segmented into Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes. Based on End-user, the market is segmented into Healthcare & Pharmaceuticals, Chemicals, Food & Beverages, Biological Research, Environmental, and Consumer Electronics. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Shimadzu Corporation
- Carl Zeiss AG
- Revvit, Inc
- Agilent Technologies, Inc.
- Bruker Corporation
- ABB Group
- Thermo Fisher Scientific, Inc.
- Horiba Ltd.
- Sartorius AG
- Hitachi High-Tech Corporation (Hitachi, Ltd)
North America IR Spectroscopy Market Report Segmentation
By Technology
- Dispersive
- Fourier Transform
By Type
- Near-infrared Spectroscopy
- Mid-infrared Spectroscopy
- Far-infrared Spectroscopy
By Product Type
- Benchtop Spectroscopes
- Micro Spectroscopes
- Portable Spectroscopes
- Hyphenated Spectroscopes
By End-User
- Healthcare & Pharmaceuticals
- Chemicals
- Food & Beverages
- Biological Research
- Environmental
- Consumer Electronics
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IR Spectroscopy Market, by Technology
1.4.2 North America IR Spectroscopy Market, by Type
1.4.3 North America IR Spectroscopy Market, by Product Type
1.4.4 North America IR Spectroscopy Market, by End-User
1.4.5 North America IR Spectroscopy Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market composition and scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Expansion
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2021-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Oct – 2024, Mar) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America IR Spectroscopy Market by Technology
5.1 North America Dispersive Market by Region
5.2 North America Fourier Transform Market by Region
Chapter 6. North America IR Spectroscopy Market by Type
6.1 North America Near-infrared Spectroscopy Market by Country
6.2 North America Mid-infrared Spectroscopy Market by Country
6.3 North America Far-infrared Spectroscopy Market by Country
Chapter 7. North America IR Spectroscopy Market by Product Type
7.1 North America Benchtop Spectroscopes Market by Country
7.2 North America Micro Spectroscopes Market by Country
7.3 North America Portable Spectroscopes Market by Country
7.4 North America Hyphenated Spectroscopes Market by Country
Chapter 8. North America IR Spectroscopy Market by End-user
8.1 North America Healthcare & Pharmaceuticals Market by Country
8.2 North America Chemicals Market by Country
8.3 North America Food & Beverages Market by Country
8.4 North America Biological Research Market by Country
8.5 North America Environmental Market by Country
8.6 North America Consumer Electronics Market by Country
Chapter 9. North America IR Spectroscopy Market by Country
9.1 US IR Spectroscopy Market
9.1.1 US IR Spectroscopy Market by Technology
9.1.2 US IR Spectroscopy Market by Type
9.1.3 US IR Spectroscopy Market by Product Type
9.1.4 US IR Spectroscopy Market by End-user
9.2 Canada IR Spectroscopy Market
9.2.1 Canada IR Spectroscopy Market by Technology
9.2.2 Canada IR Spectroscopy Market by Type
9.2.3 Canada IR Spectroscopy Market by Product Type
9.2.4 Canada IR Spectroscopy Market by End-user
9.3 Mexico IR Spectroscopy Market
9.3.1 Mexico IR Spectroscopy Market by Technology
9.3.2 Mexico IR Spectroscopy Market by Type
9.3.3 Mexico IR Spectroscopy Market by Product Type
9.3.4 Mexico IR Spectroscopy Market by End-user
9.4 Rest of North America IR Spectroscopy Market
9.4.1 Rest of North America IR Spectroscopy Market by Technology
9.4.2 Rest of North America IR Spectroscopy Market by Type
9.4.3 Rest of North America IR Spectroscopy Market by Product Type
9.4.4 Rest of North America IR Spectroscopy Market by End-user
Chapter 10. Company Profiles
10.1 Shimadzu Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.4.2 Product Launches and Product Expansions:
10.1.5 SWOT Analysis
10.2 Carl Zeiss AG
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 SWOT Analysis
10.3 Revvity, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.5.2 Acquisition and Mergers:
10.4 Agilent Technologies, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Bruker Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.5.2 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Thermo Fisher Scientific, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Product Launches and Product Expansions:
10.6.5.3 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Horiba Ltd.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional & Segmental Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.6 SWOT Analysis
10.8 Sartorius AG
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 Hitachi High-Tech Corporation (Hitachi, Ltd.)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. ABB Group
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Product Launches and Product Expansions:
10.10.6 SWOT Analysis
TABLE 1 North America IR Spectroscopy Market, 2020 - 2023, USD Million
TABLE 2 North America IR Spectroscopy Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– IR Spectroscopy Market
TABLE 4 Product Launches And Product Expansions– IR Spectroscopy Market
TABLE 5 Acquisition and Mergers– IR Spectroscopy Market
TABLE 6 Expansion– IR Spectroscopy Market
TABLE 7 North America IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
TABLE 8 North America IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
TABLE 9 North America Dispersive Market by Region, 2020 - 2023, USD Million
TABLE 10 North America Dispersive Market by Region, 2024 - 2031, USD Million
TABLE 11 North America Fourier Transform Market by Region, 2020 - 2023, USD Million
TABLE 12 North America Fourier Transform Market by Region, 2024 - 2031, USD Million
TABLE 13 North America IR Spectroscopy Market by Type, 2020 - 2023, USD Million
TABLE 14 North America IR Spectroscopy Market by Type, 2024 - 2031, USD Million
TABLE 15 North America Near-infrared Spectroscopy Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Near-infrared Spectroscopy Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Mid-infrared Spectroscopy Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Mid-infrared Spectroscopy Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Far-infrared Spectroscopy Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Far-infrared Spectroscopy Market by Country, 2024 - 2031, USD Million
TABLE 21 North America IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
TABLE 22 North America IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
TABLE 23 North America Benchtop Spectroscopes Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Benchtop Spectroscopes Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Micro Spectroscopes Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Micro Spectroscopes Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Portable Spectroscopes Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Portable Spectroscopes Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Hyphenated Spectroscopes Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Hyphenated Spectroscopes Market by Country, 2024 - 2031, USD Million
TABLE 31 North America IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
TABLE 32 North America IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
TABLE 33 North America Healthcare & Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Healthcare & Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Chemicals Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Chemicals Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Biological Research Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Biological Research Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Environmental Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Environmental Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 45 North America IR Spectroscopy Market by Country, 2020 - 2023, USD Million
TABLE 46 North America IR Spectroscopy Market by Country, 2024 - 2031, USD Million
TABLE 47 US IR Spectroscopy Market, 2020 - 2023, USD Million
TABLE 48 US IR Spectroscopy Market, 2024 - 2031, USD Million
TABLE 49 US IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
TABLE 50 US IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
TABLE 51 US IR Spectroscopy Market by Type, 2020 - 2023, USD Million
TABLE 52 US IR Spectroscopy Market by Type, 2024 - 2031, USD Million
TABLE 53 US IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
TABLE 54 US IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
TABLE 55 US IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
TABLE 56 US IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
TABLE 57 Canada IR Spectroscopy Market, 2020 - 2023, USD Million
TABLE 58 Canada IR Spectroscopy Market, 2024 - 2031, USD Million
TABLE 59 Canada IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
TABLE 60 Canada IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
TABLE 61 Canada IR Spectroscopy Market by Type, 2020 - 2023, USD Million
TABLE 62 Canada IR Spectroscopy Market by Type, 2024 - 2031, USD Million
TABLE 63 Canada IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
TABLE 64 Canada IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
TABLE 65 Canada IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
TABLE 66 Canada IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
TABLE 67 Mexico IR Spectroscopy Market, 2020 - 2023, USD Million
TABLE 68 Mexico IR Spectroscopy Market, 2024 - 2031, USD Million
TABLE 69 Mexico IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
TABLE 70 Mexico IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
TABLE 71 Mexico IR Spectroscopy Market by Type, 2020 - 2023, USD Million
TABLE 72 Mexico IR Spectroscopy Market by Type, 2024 - 2031, USD Million
TABLE 73 Mexico IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
TABLE 74 Mexico IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
TABLE 75 Mexico IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
TABLE 76 Mexico IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
TABLE 77 Rest of North America IR Spectroscopy Market, 2020 - 2023, USD Million
TABLE 78 Rest of North America IR Spectroscopy Market, 2024 - 2031, USD Million
TABLE 79 Rest of North America IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
TABLE 80 Rest of North America IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
TABLE 81 Rest of North America IR Spectroscopy Market by Type, 2020 - 2023, USD Million
TABLE 82 Rest of North America IR Spectroscopy Market by Type, 2024 - 2031, USD Million
TABLE 83 Rest of North America IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
TABLE 84 Rest of North America IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
TABLE 85 Rest of North America IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
TABLE 86 Rest of North America IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
TABLE 87 Key Information – Shimadzu Corporation
TABLE 88 key Information – Carl Zeiss AG
TABLE 89 key Information – Revvity, Inc.
TABLE 90 key Information – Agilent Technologies, Inc.
TABLE 91 Key Information – Bruker Corporation
TABLE 92 Key Information – Thermo Fisher Scientific, Inc.
TABLE 93 Key Information – Horiba Ltd.
TABLE 94 KEY INFORMATION – Sartorius AG
TABLE 95 Key Information – Hitachi High-Tech Corporation
TABLE 96 Key Information – ABB Group
List of Figures
FIG 1 Methodology for the research
FIG 2 North America IR Spectroscopy Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting IR Spectroscopy Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2021-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2021, Oct – 2024, Mar) Leading Players
FIG 8 Porter’s Five Forces Analysis - IR Spectroscopy Market
FIG 9 North America IR Spectroscopy Market share by Technology, 2023
FIG 10 North America IR Spectroscopy Market share by Technology, 2031
FIG 11 North America IR Spectroscopy Market by Technology, 2020 - 2031, USD Million
FIG 12 North America IR Spectroscopy Market share by Type, 2023
FIG 13 North America IR Spectroscopy Market share by Type, 2031
FIG 14 North America IR Spectroscopy Market by Type, 2020 - 2031, USD Million
FIG 15 North America IR Spectroscopy Market share by Product Type, 2023
FIG 16 North America IR Spectroscopy Market share by Product Type, 2031
FIG 17 North America IR Spectroscopy Market by Product Type, 2020 - 2031, USD Million
FIG 18 North America IR Spectroscopy Market share by End-user, 2023
FIG 19 North America IR Spectroscopy Market share by End-user, 2031
FIG 20 North America IR Spectroscopy Market by End-user, 2020 - 2031, USD Million
FIG 21 North America IR Spectroscopy Market share by Country, 2023
FIG 22 North America IR Spectroscopy Market share by Country, 2031
FIG 23 North America IR Spectroscopy Market by Country, 2020 - 2031, USD Million
FIG 24 Recent strategies and developments: Shimadzu Corporation
FIG 25 Swot Analysis: Shimadzu Corporation
FIG 26 Swot Analysis: Carl Zeiss AG
FIG 27 Recent strategies and developments: Revvity, Inc.
FIG 28 Recent strategies and developments: Agilent Technologies, Inc.
FIG 29 Swot Analysis: Agilent Technologies, Inc.
FIG 30 Recent strategies and developments: Bruker Corporation
FIG 31 Swot Analysis: Bruker Corporation
FIG 32 Recent strategies and developments: Thermo Fisher Scientific, Inc.
FIG 33 SWOT Analysis: Thermo Fisher Scientific, Inc.
FIG 34 Swot Analysis: Horiba Ltd.
FIG 35 SWOT Analysis: Sartorius AG
FIG 36 Swot Analysis: Hitachi High-Technologies Corporation
FIG 37 SWOT Analysis: ABB Group