IR Spectroscopy Market Size - By Technology, By Type, By Product Type, By End-use Industry & Forecast, 2024 - 2032

IR Spectroscopy Market Size

The global IR spectroscopy market was valued at USD 1.3 billion in 2023 and is expected to grow at a CAGR of over 5% between 2024 and 2032. Advancements in technology have significantly propelled the market growth. Additionally, the miniaturization and portability of IR spectrometers have broadened their usability. Portable and handheld IR spectrometers have become increasingly available, enabling on-site and real-time analysis in various fields such as environmental monitoring, food safety, and forensic science. These portable devices are equipped with advanced software and user-friendly interfaces, making them accessible to non-specialist users and expanding their application range.
 

The pharmaceutical industry has seen a rising demand for IR spectroscopy due to its crucial role in drug development, quality control, and regulatory compliance. IR spectroscopy provides a non-destructive, rapid, and precise method for analyzing the chemical composition of pharmaceutical compounds, making it an indispensable tool in various stages of drug development. During the drug discovery phase, IR spectroscopy helps in identifying and characterizing molecular structures, understanding chemical interactions, and verifying the purity of chemical intermediates. It allows researchers to quickly screen large numbers of compounds and select the most promising candidates for further development.
 

The IR spectroscopy market faces several technical challenges and limitations that can impact its growth and application across various industries. One significant challenge is the difficulty in analyzing complex mixtures. IR spectroscopy relies on the absorption of infrared light by molecular bonds, producing a spectrum that represents the molecular structure of a sample. However, when dealing with complex mixtures containing multiple components, the resulting spectra can be convoluted and overlapping, making it challenging to interpret and identify individual substances accurately.
 

This limitation necessitates advanced data analysis techniques and software, which may not always yield definitive results. Another technical limitation is the need for extensive sample preparation. Many samples require specific preparation steps, such as dilution, grinding, or dissolution, to be suitable for IR spectroscopic analysis.
 

IR Spectroscopy Market Trends

One of the prominent trends in the IR spectroscopy industry is the integration of advanced technologies, such as ML and AI, to enhance data analysis and interpretation. These technologies help in processing complex IR spectra, identifying patterns, and providing more accurate and reliable results. Furthermore, the combination of IR spectroscopy with other analytical techniques, such as chromatography and mass spectrometry, is gaining traction. This hybrid approach provides a comprehensive analysis by leveraging the strengths of each method, making it particularly valuable in complex applications such as pharmaceutical research and environmental analysis.
 

The development and adoption of portable and handheld IR spectrometers have significantly expanded the market's reach. These compact devices allow for on-site, real-time analysis, which is particularly beneficial in industries such as food safety, environmental monitoring, and forensic science. Portable IR spectrometers are designed to be user-friendly, often featuring advanced software that simplifies the data collection and analysis process. This trend toward portability not only enhances the versatility and convenience of IR spectroscopy but also opens new application areas where traditional laboratory-based instruments are impractical.
 

The IR spectroscopy market is witnessing increased demand from emerging economies, driven by the rapid industrialization and growing emphasis on quality control and regulatory compliance in these regions. Countries in Asia Pacific, Latin America, and the Middle East are investing in advanced analytical tools to support their expanding pharmaceutical, chemical, and food industries. Moreover, government initiatives aimed at improving environmental monitoring and public health are fueling the adoption of IR spectroscopy. As these economies continue to develop, the need for reliable and efficient analytical techniques such as IR spectroscopy is expected to rise, providing substantial growth opportunities for market players.
 

IR Spectroscopy Market Analysis

Based on technology, the fourier transform infrared (FTIR) spectroscopy segment dominated the market with a share of over 30% in 2023.
 

• Fourier Transform Infrared (FTIR) spectroscopy is a sophisticated analytical technique used extensively in the IR spectroscopy industry for obtaining detailed molecular information about a sample.
   
• FTIR spectroscopy relies on the principle of measuring the absorbance of infrared light by a sample at various wavelengths. Unlike traditional dispersive IR spectroscopy, which uses a monochromator to select wavelengths one at a time, FTIR spectroscopy utilizes an interferometer to simultaneously capture a broad range of wavelengths. This approach allows for rapid and high-resolution spectral data collection, resulting in a detailed molecular fingerprint of the sample.
   
• The FTIR technique is highly valued for its accuracy and versatility in analyzing a wide variety of materials, including solids, liquids, and gases. It is particularly effective in identifying functional groups within a molecule and characterizing chemical bonds, making it a powerful tool in fields such as pharmaceuticals, materials science, and environmental analysis.
   
• The ability to acquire complex spectra with high precision and the capability to perform quantitative and qualitative analyses make FTIR spectroscopy a cornerstone in both research and industrial applications. Additionally, advancements in FTIR instrumentation, such as the development of more sensitive detectors and enhanced data processing algorithms, continue to expand its utility and improve its performance.
   

Based on product type, the portable IR spectroscopy segment is expected to grow at a pace with a CAGR of over 9% through 2032.
 

• Portable IR spectroscopy refers to the development and use of compact, handheld or field-deployable IR spectrometers designed for on-site analysis and real-time monitoring of samples. Unlike traditional laboratory-based IR spectrometers, portable IR devices are designed for mobility, ease of use, and immediate results. These instruments often incorporate miniaturized optics and detectors, making them suitable for use in various field applications, including environmental monitoring, food safety, and security.
   
• The primary advantage of portable IR spectroscopy is its ability to provide quick and accurate chemical analysis without the need for sample transportation to a laboratory. This capability is crucial in situations where immediate results are necessary, such as in on-site quality control, emergency response scenarios, or field research. Portable IR spectrometers are typically equipped with user-friendly interfaces, allowing non-expert users to operate the devices and obtain results with minimal training.
   
• Advances in technology, such as improved miniaturization and enhanced sensor performance, continue to drive the growth of portable IR spectroscopy, expanding its applications and accessibility across various industries. The increasing demand for real-time, on-site analysis is expected to fuel further innovation and adoption of portable IR spectroscopy solutions.
   

North America dominated the global IR spectroscopy market in 2023, accounting for a share of over 35%. North America is a key player in the IR spectroscopy industry, with the U.S. being the major contributor. The region's dominance is supported by a robust pharmaceutical industry, advanced healthcare infrastructure, and significant investments in research & development. The presence of numerous leading pharmaceutical companies, academic institutions, and research organizations fuels the demand for IR spectroscopy. Additionally, the stringent regulatory environment in the U.S. necessitates the use of reliable and precise analytical techniques for quality control and compliance, further boosting market growth. Canada also plays a vital role, with growing applications of IR spectroscopy in environmental monitoring and food safety.
 

The U.S. is a dominant force in the IR spectroscopy market, driven by its advanced pharmaceutical and healthcare sectors, extensive research activities, and strict regulatory standards. The country's focus on innovation and technological advancements has led to the development of cutting-edge IR spectrometers, enhancing analytical capabilities. The pharmaceutical industry in the U.S. extensively uses IR spectroscopy for drug discovery, quality control, and regulatory compliance. Additionally, the environmental monitoring initiatives and the emphasis on food safety standards further contribute to the widespread adoption of IR spectroscopy.
 

Japan is a significant market for IR spectroscopy, characterized by its strong technological capabilities and emphasis on research & development. The country's pharmaceutical industry is a major user of IR spectroscopy, leveraging the technology for drug development and quality assurance. Japan's commitment to environmental sustainability and stringent regulatory requirements also drives the adoption of IR spectroscopy in environmental monitoring and industrial applications. The integration of advanced technologies and the development of portable IR spectrometers have further expanded the market's reach in Japan.
 

China's IR spectroscopy market is growing rapidly, fueled by the country's industrial expansion, increasing investments in research & development, and stringent quality control regulations. The pharmaceutical and chemical industries in China are major users of IR spectroscopy, utilizing the technology for product development and quality assurance. The Chinese government's initiatives to improve environmental monitoring and food safety standards have also spurred the demand for advanced analytical tools such as IR spectroscopy. The market is further supported by the development of affordable and portable IR spectrometers, making the technology more accessible to various industries.
 

South Korea is emerging as a significant player in the IR spectroscopy market, driven by its advanced technological infrastructure and growing emphasis on research and innovation. The country's pharmaceutical and biotechnology sectors are major adopters of IR spectroscopy, using the technology for drug development, quality control, and compliance with regulatory standards. South Korea's focus on environmental sustainability and industrial safety also promotes the use of IR spectroscopy in environmental monitoring and industrial applications. The government's support for scientific research and development initiatives further bolsters market growth in the region.
 

IR Spectroscopy Market Share

Thermo Fisher Scientific and PerkinElmer hold a significant share in the IR spectroscopy industry. Thermo Fisher Scientific Inc. holds a significant share in the IR spectroscopy business due to its extensive portfolio of high-quality, innovative products, and its strong focus on research & development. The company offers a comprehensive range of FTIR spectroscopy instruments that cater to various applications, including materials analysis, pharmaceuticals, and environmental testing. Thermo Fisher's commitment to advancing technology is evident in its cutting-edge instruments, which incorporate the latest advancements in sensitivity, resolution, and data processing. Thermo Fisher Scientific's global presence and robust distribution network further enhance its market position, ensuring that its products are widely accessible to researchers and industrial users across different regions.
 

The company's emphasis on customer support, including training and technical assistance, contributes to its strong reputation and customer loyalty. Additionally, Thermo Fisher's strategic acquisitions and partnerships with other technology providers have bolstered its capabilities and expanded its product offerings, reinforcing its leadership in the market.
 

PerkinElmer Inc. also commands a significant share of the IR spectroscopy market owing to its innovative approach and broad range of analytical solutions. The company's FTIR and portable IR spectroscopy systems are renowned for their high performance, reliability, and ease of use. PerkinElmer's emphasis on developing state-of-the-art technologies, such as advanced detectors and software solutions, has positioned it as a key player in the market. PerkinElmer's focus on industry-specific applications, including healthcare, environmental monitoring, and materials science, allows it to offer tailored solutions that meet the diverse needs of its customers.

The company's strong commitment to research & development, combined with its strategic collaborations and partnerships, enhances its product portfolio and market presence. PerkinElmer's extensive customer support infrastructure and global reach further solidify its position as a leading provider of IR spectroscopy instruments, catering to both academic and industrial sectors.
 

IR Spectroscopy Market Companies

Major players operating in the IR spectroscopy industry are:

• Thermo Fisher Scientific
• PerkinElmer
• Bruker
• Shimadzu
• Agilent Technologies
• Jasco International
• Horiba
   

IR Spectroscopy Industry News

• In March 2023, Edinburgh Instruments launched IR5, FTIR Spectrometer. The IR5 is a modern, high-performance benchtop FTIR instrument which can be configured with a second detector or with Fourier Transform Photoluminescence (FT-PL) capability. The FT-PL option transforms the IR5 into a combined absorption and PL spectrometer in the MIR range, suitable for the most demanding research applications.
   
• In December 2023, Shimadzu Scientific Instruments launched IRSpirit-X series Fourier transform infrared (FTIR) spectrophotometers. It includes the entry-level IRSpirit-LX, high-sensitivity IRSpirit-TX, and moisture-resistant IRSpirit-ZX. Housed in a small, lightweight design, they are equipped with the IR Pilot Analysis Navigation Program, which enables operators unfamiliar with FTIR analysis to obtain data easily, and the patent-pending spectrum advisor function that judges the quality of the measurement results and proposes how to obtain favorable data.
   

This IR spectroscopy market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Technology

• Dispersive IR spectroscopy
• Fourier Transform Infrared (FTIR) spectroscopy
• Attenuated Total Reflectance (ATR) spectroscopy
• Others                                           

Market, By Type

• Near-Infrared (NIR) spectroscopy
• Mid-Infrared (MIR) spectroscopy
• Far-Infrared (FIR) spectroscopy

Market, By Product Type

• Benchtop IR spectroscopy
• Portable IR spectroscopy
• Microscopy IR spectroscopy
• Hyphenated IR spectroscopy

Market, By End-use Industry

• Healthcare & Pharmaceuticals
• Food And Beverage
• Chemical
• Environmental
• Biomedical Research & Biomaterials
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA