The IR spectroscopy market is experiencing notable growth, driven by advancements in technology and expanding applications across various industries. Infrared (IR) spectroscopy is a critical analytical technique used to identify and analyze materials based on their interaction with infrared light. Explores the current state of the IR spectroscopy market, focusing on key technologies like FTIR and dispersive IR, and types including near-infrared and mid-infrared spectroscopy.
The global IR spectroscopy industry was valued at USD 1.2 billion in 2024 and is projected to reach USD 1.6 billion by 2029; it is expected to register a CAGR of 6.5% during the forecast period The rise in demand for IR spectroscopy systems is attributed to the growth in the number of healthcare institutions and clinical research centers, increase in R&D investments in healthcare and pharmaceuticals industry, and continuous technological advancements in IR spectroscopy.
Technologies Driving the IR Spectroscopy Market
1. Fourier Transform Infrared Spectroscopy (FTIR)
Fourier Transform Infrared Spectroscopy (FTIR) is one of the most widely used IR spectroscopy techniques. FTIR technology measures the absorption of infrared radiation by a sample, providing a spectrum that represents the molecular fingerprint of the material. FTIR is renowned for its high resolution, broad spectral range, and sensitivity, making it invaluable in both qualitative and quantitative analysis.
Recent advancements in FTIR technology include improvements in detector sensitivity and data acquisition speed. Modern FTIR instruments offer enhanced resolution and accuracy, enabling more detailed analysis of complex samples. This technology is widely used in pharmaceuticals, environmental analysis, and materials science, where precise characterization of chemical compounds is essential.
2. Dispersive Infrared Spectroscopy
Dispersive IR spectroscopy, also known as single-beam IR spectroscopy, involves the use of a dispersive optical system to separate and detect different wavelengths of infrared light. This technique provides high spectral resolution and is often used for detailed chemical analysis.
Unlike FTIR, which uses a Fourier transform to process the entire spectrum simultaneously, dispersive IR spectroscopy measures each wavelength sequentially. While this approach can be slower compared to FTIR, it is valued for its high accuracy and detailed spectral information. Dispersive IR spectroscopy is particularly useful in research laboratories and for applications requiring precise molecular identification.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42486905
Types of IR Spectroscopy
1. Near-Infrared Spectroscopy (NIR)
Near-infrared spectroscopy (NIR) operates in the wavelength range of approximately 800 to 2500 nanometers. NIR spectroscopy is widely used for its ability to analyze samples without extensive sample preparation. It is particularly prevalent in agriculture, food and beverage industries, and pharmaceutical analysis.
NIR spectroscopy provides valuable information on the molecular composition of samples, including moisture content, fat, protein, and other components. Its non-destructive nature and rapid analysis make it an attractive option for real-time quality control and process monitoring.
2. Mid-Infrared Spectroscopy (MIR)
Mid-infrared spectroscopy (MIR) operates in the wavelength range of approximately 2500 to 25,000 nanometers. MIR spectroscopy is known for its high specificity and ability to provide detailed information about molecular structures and functional groups.
MIR spectroscopy is extensively used in chemical research, environmental monitoring, and materials science. Its ability to identify specific functional groups and molecular interactions makes it invaluable for in-depth chemical analysis and characterization of complex samples.
Market Dynamics and Growth
The IR spectroscopy market is expanding due to several key factors:
Technological Advancements: Innovations in FTIR and dispersive IR technologies are driving the market growth by enhancing the accuracy, speed, and versatility of IR spectroscopy instruments. Improvements in data processing and analysis capabilities are also contributing to the increased adoption of these technologies.
Growing Applications: The diverse applications of IR spectroscopy across industries such as pharmaceuticals, food and beverage, environmental monitoring, and materials science are fueling market growth. The need for precise and rapid analysis in these sectors is driving demand for advanced IR spectroscopy solutions.
Increased Research and Development: Ongoing research and development efforts are leading to the introduction of new and improved IR spectroscopy instruments. These developments are expanding the range of applications and improving the overall performance of IR spectroscopy technologies.
Rising Demand for Quality Control: The increasing focus on quality control and assurance in various industries is driving the demand for IR spectroscopy. The ability to perform rapid and accurate analysis of samples is essential for maintaining product quality and compliance with regulatory standards.
Future Outlook
The IR spectroscopy market is expected to continue its upward trajectory, with several trends shaping its future:
Integration with Automation: The integration of IR spectroscopy with automated systems and data analysis tools is enhancing its efficiency and usability. Automated sample handling and data processing are streamlining workflows and improving the overall effectiveness of IR spectroscopy.
Emerging Applications: New applications of IR spectroscopy are emerging, particularly in fields such as nanotechnology and biotechnology. These developments are opening up new opportunities for growth and innovation in the IR spectroscopy market.
Advancements in Portable and Field-Ready Instruments: The development of portable and field-ready IR spectroscopy instruments is expanding the reach of this technology. These instruments are becoming increasingly accessible for on-site analysis and remote applications.
The IR spectroscopy market is witnessing significant growth, driven by advancements in technology and a wide range of applications. FTIR and dispersive IR technologies, along with near-infrared and mid-infrared spectroscopy, are playing pivotal roles in expanding the capabilities and applications of IR spectroscopy. As technological innovations continue to evolve, the IR spectroscopy market is set to offer even more precise, efficient, and versatile solutions for a variety of analytical needs.
The key companies that offer IR spectroscopy systems include Shimadzu Corporation (Japan); ZEISS (Germany); PerkinElmer Inc. (US); Agilent Technologies, Inc. (US); Bruker Corporation (US).
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441