Infrared Spectroscopy Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, Hyphenated Spectroscopes), By Technology (Near-Infrared, Mid-Infrared, Far-Infrared), By End-User (Consumer Electronics, Healthcare, Chemical, Food And Beverage, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Feb 2023
  • Report Code : KSI061614313
  • Pages : 138

Market Overview:

Infrared (IR) spectroscopy studies the electromagnetic spectrum's infrared section, which includes light with a longer wavelength and lower frequency than visible light. The notion of IR spectroscopy can be broadly studied in three ways: first by measuring reflection, then by emission, and finally by absorption. The global IR spectroscopy market is primarily driven by industries such as food and beverage, pharmaceutical, and chemical, where it is utilized to identify functional groups in molecules and quantify the relative abundance of each type of group. IR spectroscopy can also be used to determine the strength of intermolecular forces and to examine reaction dynamics.

Growth factors:

Food safety issues

Unsafe food containing hazardous bacteria, viruses, parasites, or chemical substances causes more than 200 diseases ranging from diarrhoea to cancer (Source: World Health Organization). According to WHO, unhealthy food costs low- and middle-income nations US$ 110 billion in lost productivity and medical costs each year. Food safety is consequently a big priority for governments all around the world. Infrared spectroscopy is one of the most regularly utilized analytical techniques in food quality monitoring and control. For instance, NeoSpectra by Si-Ware, a producer of near-infrared (NIR) spectroscopy-based material analysis products, opened its lab shop in May 2022. According to NeoSpectra, the NeoSpectra LabStore has the greatest collection of NIR calibration models. NIR spectroscopy analyses a wide range of foods, including animal feed, cereals, agricultural products, flour milling, and pet food, as well as polymers, chemicals, and other substances. Spectroscopy is a time-tested analysis method that is now affordable and accessible outside of industry and laboratory settings. TrinamiX GmbH (Ludwigshafen, Germany), a wholly owned subsidiary of BASF SE, has announced the release of a mobile near-infrared (NIR) spectroscopy solution in April 2020. Agriculture, food, and beverage testing, as well as chemical and industrial processes, are examples of applications.

Mid-infrared spectroscopy has numerous uses in a variety of industries.

Mid-infrared (MWIR) spectroscopy is one of the most important segments of the IR spectroscopy market, and it is expected to develop at a rapid rate throughout the projected period. MWIR spectroscopy is used in process analysis and quality control in a variety of industries, including food and beverage, pharmaceuticals, chemicals, and oil and gas. Because of the increasing need for this technology in various applications such as process control, quality assurance, and failure analysis, the research, and development industries are expected to contribute significantly to the growth of the Mid-infrared spectroscopy market. For instance, Sensirion fully acquired IRsweep, an infrared spectrometer expert, in October 2021. IRsweep develops, manufactures, and sells optical spectroscopy products in the mid-infrared based on semiconductor quantum cascade laser frequency comb technology. Sensirion's optical sensing technology portfolio increases with this acquisition, from components and modules to stand-alone infrared spectrometers for industrial and research applications, which will assist IRsweep's infrared spectrometers in expanding their reach and addressing new applications.

In the smartphone market, IR spectroscopy will witness rapid expansion in the application of Face ID. Facial recognition technology, together with sophisticated fingerprint scanners, is now a standard feature of smartphone security. While not necessarily more secure than a fingerprint scanner, biometric ideas like facial recognition are faster and more convenient to use. The estimated false acceptance rate on most mobile devices today is typically less than one in a thousand. According to a report published in May 2022, the probability that a random individual might unlock your iPhone or iPad using Face ID is less than 1 in 1,000,000. 3D IR depth mapping is by far the most secure method of facial recognition technology now available on the market. Unlike traditional camera-based solutions, 3D IR technologies are not deceived by photos and are faster and more reliable than notions such as iris scanning. In conjunction with Qualcomm Technologies, Inc., TrinamiX GmbH, a leader in biometric and infrared sensing technologies, delivered a near-infrared (NIR) spectroscopy module for smartphone integration as well as an all-in-one, simple-to-integrate face authentication solution in August 2022.

Key Developments: 

  • November 2022: Bruker Optics has introduced the MOBILE-IR II, a portable, battery-powered Fourier Transform Infrared (FT-IR) spectrometer with the spectrum performance of a laboratory benchtop instrument. This powerful transportable spectrometer will enable customers all around the world to bring ordinary and advanced FT-IR applications to the field. Examples of key applications include identifying illegal chemicals during police or border control operations, characterization of recycled items for sorting, use in warehouses for mobile incoming goods inspection, and use in mobile laboratories for natural resource investigation.
  • February 2020: Hamamatsu Photonics has created the "FTIR engine C15511-01," a compact Fourier Transform Infrared Spectroscopy (FTIR) spectrometer with exceptional sensitivity to near-infrared light with a wavelength of 1.1 to 2.5 m. The original microelectromechanical systems (MEMS) technology is used in the new product. The FTIR analytical device with the spectrometer is expected to be portable and used for real-time monitoring of chemicals on production lines as well as ingredient analysis of agricultural goods in the field.
  • September 2019: The nanoIR3-s Broadband, the most powerful nanoscale FTIR spectroscopy instrument available to researchers, has been released by Bruker. Bruker's industry-leading, high-performance nanoIR3-s s-SNOM (scattering Scanning Near-field Optical Microscopy) platform is combined with the most advanced femtosecond IR laser technology in the system. This combination allows researchers to make ground-breaking discoveries in the fields of nanoscale FTIR spectroscopy and chemical imaging for improved polymeric materials and life science applications.

Covid-19 Impact on the Infrared Spectroscopy Market

COVID-19 has had an impact on industries all across the world. The outbreak has caused major disruptions in vital businesses including food and beverage, medical, energy and power, electronics and semiconductors, petroleum, and chemicals. Because they are the key supply and demand sources for IR spectroscopy goods and solutions, a dramatic fall in the growth of the aforementioned industrial activities has an impact on the growth of the worldwide IR spectroscopy market. Factory shutdowns travel bans, trade bans, and border closures to combat and control the outbreak have disrupted the manufacturing, supply, and sales of different electronic components essential for IR spectroscopy manufacturing.

Infrared Spectroscopy Market Scope:

 

Report Metric Details
 Growth Rate  CAGR during the forecast period
 Base Year  2021
 Forecast Period  2023–2028
 Forecast Unit (Value)  USD Billion
 Segments Covered  Product, Technology, End-User, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Carl Zeiss AG, Hitachi Corporation, Thermos Fisher Scientific, Teledyne, Shimadzu Corporation, PerkinElmer Inc, Horiba Ltd, Jasco Inc 
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By product
    • Benchtop Spectroscopes
    • Micro Spectroscopes
    • Portable Spectroscopes
    • Hyphenated Spectroscopes
  • By technology
    • Near-Infrared
    • Mid-Infrared
    • Far-Infrared
  • By end-user
    • Consumer Electronics
    • Healthcare
    • Chemical
    • Food and Beverage
    • Others
  • By Geography 
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

 

5. INFRARED SPECTROSCOPY MARKET ANALYSIS, BY PRODUCT

5.1. Introduction

5.2. Benchtop Spectroscopes 

5.3. Micro Spectroscopes

5.4. Portable Spectroscopes

5.5. Hyphenated Spectroscopes

 

6. INFRARED SPECTROSCOPY MARKET ANALYSIS, BY TECHNOLOGY

6.1. Introduction

6.2. Near-Infrared 

6.3. Mid-Infrared 

6.4. Far-Infrared 

 

7. INFRARED SPECTROSCOPY MARKET ANALYSIS, BY END-USER

7.1. Introduction

7.2. Consumer Electronics

7.3. Healthcare

7.4. Chemical

7.5. Food and Beverage

7.6. Others

 

8. INFRARED SPECTROSCOPY MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America 

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America 

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe 

8.4.1. UK

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain 

8.4.6. Others

8.5. Middle East and Africa 

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific 

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Australia

8.6.6. Others

 

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. COMPANY PROFILES

10.1. Carl Zeiss AG 

10.2. Hitachi Corporation 

10.3. Thermos Fisher Scientific 

10.4. Teledyne 

10.5. Shimadzu Corporation 

10.6. PerkinElmer Inc 

10.7. Horiba Ltd 

10.8. Jasco Inc 


Carl Zeiss AG

Hitachi Corporation

Thermos Fisher Scientific

Teledyne

Shimadzu Corporation

PerkinElmer Inc

Horiba Ltd

 

Jasco Inc