The global IR spectroscopy market size reached USD 1.05 Billion in 2020 and is expected to register a CAGR of 5.9%, during the forecast period, according to latest analysis by Emergen Research. Growing demand for IR spectroscopy in diverse industries such as chemicals, biological research, healthcare & pharmaceuticals, consumer electronics, food & beverages, and others is a key factor expected to continue to drive growth of the global IR spectroscopy market over the forecast period.
The latest report by emergen research, titled ‘Global IR Spectroscopy Market’, covers the current situation of the IR Spectroscopy Market that has been gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the pandemic’s drastic impact on the global economy, including the severe disruptions to this business sphere. The coronavirus outbreak has beleaguered the IR Spectroscopy Market business landscape and posed severe threats to the developmental scope of various manufacturers and buyers involved in this sector. The report further discusses the profound impact of the global health crisis on the existing market scenario, accompanied by speculations about its post-COVID-19 scenario.
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Covid 19 analysis:
The current COVID-19 pandemic is expected to have an effect on the growth of the IR Spectroscopy Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the IR Spectroscopy Market sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall IR Spectroscopy Market industry.
Some Key Highlights in the Report
Benchtop spectroscopes segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing usage of benchtop spectroscopes systems to identify chemical characteristics of nuclear/molecular patterns of specimens is expected to boost growth of this segment.
In terms of market share, the mid-infrared segment is expected to register significant growth over the forecast period due to increasing use of mid-infrared technology to recognized molecules based on activity between particles and magnetic fields in mid-infrared area.
Increasing use of IR spectroscopy in the healthcare & pharmaceuticals industry to enhance light quality of endoscopic equipment used for deletion of blood vessel plaque, and kidney stones is expected to drive growth of the healthcare & pharmaceuticals segment.
Key players in the market include :
Horiba, Ltd., TeraView Limited, Bayspec Inc., Teledyne Technologies Incorporated, Bruker Corporation, Shimadzu Corporation, Carl Zeiss Spectroscopy GmbH, Avantes BV, PerkinElmer, Inc., and Agilent Technologies, Inc.
Summary of the key points of the report:
Company Profiles: This component of the report depicts the company profiles of the leading players participating in the IR Spectroscopy Market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
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Emergen Research has segmented the global IR spectroscopy market on the basis of type, technology, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Technology Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
Healthcare & pharmaceuticals
Food & Beverages
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the IR Spectroscopy Market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Key questions addressed in the report:
What is the projected growth rate likely to be witnessed by each market region?
Which of the leading IR Spectroscopy Market regions accounts for the maximum market share over the forecast years?
What sales estimates every region is expected to hold in the IR Spectroscopy Market in the near future?
What is each regional segment’s current valuation?
What are the estimated remunerations of these regions over the forecast timeline?
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. IR Spectroscopy Market Segmentation & Impact Analysis
4.1. IR Spectroscopy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Surging adoption of HMD in different industries
22.214.171.124. Increasing demand for micro displays used in wearable devices
4.2.3. Market restraints analysis
126.96.36.199. Saturation of markets for digital cameras and projectors
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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