The IR Spectroscopy Market is Predict to reach USD 1.8 Billion by 2031, at a CAGR of 6.3%

IR Spectroscopy Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global IR Spectroscopy Market size is expected to reach $1.8 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period.

The Dispersive segment is registering a strong potential in the Global IR Spectroscopy Market by Technology in 2023 thereby, achieving a market value of $1.1 billion by 2031. Dispersed infrared spectroscopy, often referred to as dispersive infrared spectroscopy, is a technique used in infrared (IR) spectroscopy. In traditional IR spectroscopy, a sample is exposed to infrared radiation, and the absorption or transmission of the radiation is measured as a function of wavelength. Before the various infrared wavelengths reach the detector, dispersive infrared spectroscopy typically makes use of a dispersive element, which can be a diffraction grating or a prism, to partition the infrared wavelengths.

The Mid-infrared Spectroscopy segment is poised to have a CAGR of 6.9% during (2024 - 2031). Mid-infrared focuses on the mid-infrared region of the electromagnetic spectrum (typically 2.5 to 25 micrometers or 4000 to 400 cm^-1). It offers valuable capabilities for chemical analysis, quality control, material characterization, environmental monitoring, and research endeavors across diverse industries and applications. Its versatility, sensitivity, and reliability make it an indispensable tool for a wide range of analytical and scientific endeavors.

The Benchtop Spectroscopes segment is leading the Global IR Spectroscopy Market by Product Type in 2023 thereby, achieving a market value of $829.9 million by 2031. Benchtop spectrometers are indispensable tools in IR spectroscopy, offering precise and reliable analysis of various samples across various industries and research fields. It provides versatile solutions for a wide range of analytical and scientific challenges across various industries and research disciplines. Their high performance, ease of use, and wide range of applications make them indispensable instruments for laboratories and manufacturing facilities worldwide.

The Chemicals segment is poised to have a CAGR of 6% during (2024 - 2031). The chemicals segment is driven by the need for accurate, reliable, and versatile analytical techniques in chemical analysis, quality control, research, and environmental monitoring. IR spectroscopy continues to play a vital role in advancing chemical science and technology, supporting various industries in their pursuit of innovation, sustainability, and regulatory compliance.

Full Report: https://www.kbvresearch.com/ir-spectroscopy-market/

The North America region dominated the Global IR Spectroscopy Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $665.7 million by 2031. The Europe region would exhibit a CAGR of 6% during (2024 - 2031). Additionally, The Asia Pacific region is experiencing a CAGR of 7.1% during (2024 - 2031).

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)

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America IR Spectroscopy Market Size & Forecast 2031

• April-2024
• 146 Pages

LAMEA IR Spectroscopy Market Size | Industry Research 2031

• April-2024
• 161 Pages

Europe IR Spectroscopy Market Size & Growth Analysis 2031

• April-2024
• 160 Pages

Asia Pacific IR Spectroscopy Market Size | Data Set - 2031

• April-2024
• 161 Pages