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IR Spectroscopy Market Trends Analysis, Leading Players Opportunities and Industry Forecast 2028

08-05-2024 02:50 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

IR Spectroscopy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Near-Infrared, Mid-Infrared, and Far-Infrared), Product Type (Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes), and End user (Healthcare, Chemicals, Oil & Gas, Food & Beverages, and Other End users), Geography, The global IR spectroscopy market was valued at US$ 1,244.57 million in 2020 and is expected to grow at a CAGR of 6.3% during the forecast period of 2021 to 2028 to reach US$ 1,998.22 million by 2028

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Competitive Landscape: IR Spectroscopy Market:
Various IR spectroscope manufacturers are developing technology and systems to enhance the analyzing efficiencies. High cost involved in the development of IR spectroscopes is one of the significant challenges faced by IR spectroscopes manufacturers. Among Raman, NIR, and SWIR cameras, the price of NIR spectroscopy products is comparatively high. As NIR spectroscopy products utilize indium gallium arsenide (InGaAs) sensors and expensive glass lens, the total cost of NIR spectroscopy products ends up being high, which may act as a restraining factor for the growth of the IR spectroscopy market. Additionally, life span of IR spectroscopy devices is ~5-7 years, which creates a necessity for end-use industries to procure used IR spectroscopes instead of purchasing new ones. As used IR spectroscopes are easily available in the market, the end-user industries are getting more inclined toward using them. Also, owing to the easy availability of various used spectroscopy devices for resale; the final end-user industries are getting inclined toward using used devices over purchasing new ones. Thus, high price, availability of used spectroscopes, and less average life span might hamper the IR spectroscopy market.TE Conn

Agilent Technologies, Inc.
Bruker Corporation
Hitachi, Ltd.
HORIBA LTD.
JASCO International Co., Ltd.
PerkinElmer Inc.
Shimadzu Corporation
Thermo Fisher Scientific Inc.
Lumex Instruments
Carl Zeiss AG

Chapter Details of IR Spectroscopy Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: IR Spectroscopy Market Landscape
Part 04: IR Spectroscopy Market Sizing
Part 05: IR Spectroscopy Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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