PUBLISHER: KBV Research | PRODUCT CODE: 1472570
PUBLISHER: KBV Research | PRODUCT CODE: 1472570
North America IR Spectroscopy Market Size, Share & Trends Analysis Report By Technology (Dispersive and Fourier Transform), By Type, By Product Type, By End-user, By Country and Growth Forecast, 2024 - 2031
The North America IR Spectroscopy Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America IR Spectroscopy Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $477 million by 2031. The Canada market is experiencing a CAGR of 8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2024 - 2031).
One of the primary drivers of growth in the IR spectroscopy market is the expanding demand for analytical solutions in pharmaceutical and healthcare applications. IR spectroscopy plays a critical role in drug discovery, development, and manufacturing, providing rapid and reliable analysis of pharmaceutical compounds, formulations, and biological samples. In pharmaceutical research, IR spectroscopy enables the identification of drug candidates, characterization of APIs, and assessment of drug stability, purity, and bioavailability. Moreover, IR spectroscopy supports quality control and assurance processes in pharmaceutical manufacturing, helping to ensure compliance with regulatory standards and specifications. IR spectroscopy enables manufacturers to verify the identity, purity, and safety of products, ensuring regulatory compliance and consumer protection.
Furthermore, the chemicals and materials science sectors represent significant segments within the IR spectroscopy market, with applications spanning polymer analysis, chemical composition analysis, quality control, and process monitoring. IR spectroscopy is widely utilized in the analysis of polymers, plastics, coatings, and specialty chemicals, providing valuable insights into material properties, composition, and performance characteristics. In materials research, IR spectroscopy facilitates the investigation of structural defects, phase transitions, and surface interactions, supporting advancements in materials engineering, nanotechnology, and semiconductor manufacturing.
The IR spectroscopy market in the region is witnessing significant expansion, fueled by various factors that underline its importance and effectiveness across different industries. The data provided by the Government of Mexico, indicating a robust gross domestic product (GDP) of $5.18 trillion MX during the fourth quarter of 2023, reflects a strong economic foundation that supports the growth of industries like chemical manufacturing. These factors, combined with technological advancements in IR spectroscopy and its versatile applications across industries, are expected to drive further growth in the IR spectroscopy market.
Based on Technology, the market is segmented into Dispersive and Fourier Transform. Based on Type, the market is segmented into Near-infrared Spectroscopy, Mid-infrared Spectroscopy, and Far-infrared Spectroscopy. Based on Product Type, the market is segmented into Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes. Based on End-user, the market is segmented into Healthcare & Pharmaceuticals, Chemicals, Food & Beverages, Biological Research, Environmental, and Consumer Electronics. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Shimadzu Corporation
- Carl Zeiss AG
- Revvit, Inc
- Agilent Technologies, Inc.
- Bruker Corporation
- ABB Group
- Thermo Fisher Scientific, Inc.
- Horiba Ltd.
- Sartorius AG
- Hitachi High-Tech Corporation (Hitachi, Ltd)
North America IR Spectroscopy Market Report Segmentation
By Technology
- Dispersive
- Fourier Transform
By Type
- Near-infrared Spectroscopy
- Mid-infrared Spectroscopy
- Far-infrared Spectroscopy
By Product Type
- Benchtop Spectroscopes
- Micro Spectroscopes
- Portable Spectroscopes
- Hyphenated Spectroscopes
By End-User
- Healthcare & Pharmaceuticals
- Chemicals
- Food & Beverages
- Biological Research
- Environmental
- Consumer Electronics
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America IR Spectroscopy Market, by Technology
- 1.4.2North America IR Spectroscopy Market, by Type
- 1.4.3North America IR Spectroscopy Market, by Product Type
- 1.4.4North America IR Spectroscopy Market, by End-User
- 1.4.5North America IR Spectroscopy Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market composition and scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.2.4Expansion
- 4.3Market Share Analysis, 2023
- 4.4Top Winning Strategies
- 4.4.1Key Leading Strategies: Percentage Distribution (2021-2024)
- 4.4.2Key Strategic Move: (Product Launches and Product Expansions : 2021, Oct - 2024, Mar) Leading Players
- 4.5Porter's Five Forces Analysis
Chapter 5.North America IR Spectroscopy Market by Technology
- 5.1North America Dispersive Market by Region
- 5.2North America Fourier Transform Market by Region
Chapter 6.North America IR Spectroscopy Market by Type
- 6.1North America Near-infrared Spectroscopy Market by Country
- 6.2North America Mid-infrared Spectroscopy Market by Country
- 6.3North America Far-infrared Spectroscopy Market by Country
Chapter 7.North America IR Spectroscopy Market by Product Type
- 7.1North America Benchtop Spectroscopes Market by Country
- 7.2North America Micro Spectroscopes Market by Country
- 7.3North America Portable Spectroscopes Market by Country
- 7.4North America Hyphenated Spectroscopes Market by Country
Chapter 8.North America IR Spectroscopy Market by End-user
- 8.1North America Healthcare & Pharmaceuticals Market by Country
- 8.2North America Chemicals Market by Country
- 8.3North America Food & Beverages Market by Country
- 8.4North America Biological Research Market by Country
- 8.5North America Environmental Market by Country
- 8.6North America Consumer Electronics Market by Country
Chapter 9.North America IR Spectroscopy Market by Country
- 9.1US IR Spectroscopy Market
- 9.1.1US IR Spectroscopy Market by Technology
- 9.1.2US IR Spectroscopy Market by Type
- 9.1.3US IR Spectroscopy Market by Product Type
- 9.1.4US IR Spectroscopy Market by End-user
- 9.2Canada IR Spectroscopy Market
- 9.2.1Canada IR Spectroscopy Market by Technology
- 9.2.2Canada IR Spectroscopy Market by Type
- 9.2.3Canada IR Spectroscopy Market by Product Type
- 9.2.4Canada IR Spectroscopy Market by End-user
- 9.3Mexico IR Spectroscopy Market
- 9.3.1Mexico IR Spectroscopy Market by Technology
- 9.3.2Mexico IR Spectroscopy Market by Type
- 9.3.3Mexico IR Spectroscopy Market by Product Type
- 9.3.4Mexico IR Spectroscopy Market by End-user
- 9.4Rest of North America IR Spectroscopy Market
- 9.4.1Rest of North America IR Spectroscopy Market by Technology
- 9.4.2Rest of North America IR Spectroscopy Market by Type
- 9.4.3Rest of North America IR Spectroscopy Market by Product Type
- 9.4.4Rest of North America IR Spectroscopy Market by End-user
Chapter 10.Company Profiles
- 10.1Shimadzu Corporation
- 10.1.1Company Overview
- 10.1.2Financial Analysis
- 10.1.3Segmental and Regional Analysis
- 10.1.4Recent strategies and developments:
- 10.1.4.1Partnerships, Collaborations, and Agreements:
- 10.1.4.2Product Launches and Product Expansions:
- 10.1.5SWOT Analysis
- 10.2Carl Zeiss AG
- 10.2.1Company Overview
- 10.2.2Financial Analysis
- 10.2.3Segmental and Regional Analysis
- 10.2.4Research & Development Expenses
- 10.2.5SWOT Analysis
- 10.3Revvity, Inc.
- 10.3.1Company Overview
- 10.3.2Financial Analysis
- 10.3.3Segmental and Regional Analysis
- 10.3.4Research & Development Expense
- 10.3.5Recent strategies and developments:
- 10.3.5.1Product Launches and Product Expansions:
- 10.3.5.2Acquisition and Mergers:
- 10.4Agilent Technologies, Inc.
- 10.4.1Company Overview
- 10.4.2Financial Analysis
- 10.4.3Segmental and Regional Analysis
- 10.4.4Research & Development Expense
- 10.4.5Recent strategies and developments:
- 10.4.5.1Partnerships, Collaborations, and Agreements:
- 10.4.5.2Product Launches and Product Expansions:
- 10.4.6SWOT Analysis
- 10.5Bruker Corporation
- 10.5.1Company Overview
- 10.5.2Financial Analysis
- 10.5.3Segmental and Regional Analysis
- 10.5.4Research & Development Expense
- 10.5.5Recent strategies and developments:
- 10.5.5.1Product Launches and Product Expansions:
- 10.5.5.2Acquisition and Mergers:
- 10.5.6SWOT Analysis
- 10.6Thermo Fisher Scientific, Inc.
- 10.6.1Company Overview
- 10.6.2Financial Analysis
- 10.6.3Segmental and Regional Analysis
- 10.6.4Research & Development Expenses
- 10.6.5Recent strategies and developments:
- 10.6.5.1Partnerships, Collaborations, and Agreements:
- 10.6.5.2Product Launches and Product Expansions:
- 10.6.5.3Acquisition and Mergers:
- 10.6.6SWOT Analysis
- 10.7Horiba Ltd.
- 10.7.1Company Overview
- 10.7.2Financial Analysis
- 10.7.3Regional & Segmental Analysis
- 10.7.4Research & Development Expenses
- 10.7.5Recent strategies and developments:
- 10.7.5.1Partnerships, Collaborations, and Agreements:
- 10.7.6SWOT Analysis
- 10.8Sartorius AG
- 10.8.1Company Overview
- 10.8.2Financial Analysis
- 10.8.3Segmental and Regional Analysis
- 10.8.4Research & Development Expenses
- 10.8.5SWOT Analysis
- 10.9Hitachi High-Tech Corporation (Hitachi, Ltd.)
- 10.9.1Company Overview
- 10.9.2Financial Analysis
- 10.9.3Segmental and Regional Analysis
- 10.9.4Research & Development Expenses
- 10.9.5SWOT Analysis
- 10.10.ABB Group
- 10.10.1Company Overview
- 10.10.2Financial Analysis
- 10.10.3Segmental and Regional Analysis
- 10.10.4Research & Development Expense
- 10.10.5Recent strategies and developments:
- 10.10.5.1Product Launches and Product Expansions:
- 10.10.6SWOT Analysis
LIST OF TABLES
- TABLE 1North America IR Spectroscopy Market, 2020 - 2023, USD Million
- TABLE 2North America IR Spectroscopy Market, 2024 - 2031, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- IR Spectroscopy Market
- TABLE 4Product Launches And Product Expansions- IR Spectroscopy Market
- TABLE 5Acquisition and Mergers- IR Spectroscopy Market
- TABLE 6Expansion- IR Spectroscopy Market
- TABLE 7North America IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
- TABLE 8North America IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
- TABLE 9North America Dispersive Market by Region, 2020 - 2023, USD Million
- TABLE 10North America Dispersive Market by Region, 2024 - 2031, USD Million
- TABLE 11North America Fourier Transform Market by Region, 2020 - 2023, USD Million
- TABLE 12North America Fourier Transform Market by Region, 2024 - 2031, USD Million
- TABLE 13North America IR Spectroscopy Market by Type, 2020 - 2023, USD Million
- TABLE 14North America IR Spectroscopy Market by Type, 2024 - 2031, USD Million
- TABLE 15North America Near-infrared Spectroscopy Market by Country, 2020 - 2023, USD Million
- TABLE 16North America Near-infrared Spectroscopy Market by Country, 2024 - 2031, USD Million
- TABLE 17North America Mid-infrared Spectroscopy Market by Country, 2020 - 2023, USD Million
- TABLE 18North America Mid-infrared Spectroscopy Market by Country, 2024 - 2031, USD Million
- TABLE 19North America Far-infrared Spectroscopy Market by Country, 2020 - 2023, USD Million
- TABLE 20North America Far-infrared Spectroscopy Market by Country, 2024 - 2031, USD Million
- TABLE 21North America IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
- TABLE 22North America IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
- TABLE 23North America Benchtop Spectroscopes Market by Country, 2020 - 2023, USD Million
- TABLE 24North America Benchtop Spectroscopes Market by Country, 2024 - 2031, USD Million
- TABLE 25North America Micro Spectroscopes Market by Country, 2020 - 2023, USD Million
- TABLE 26North America Micro Spectroscopes Market by Country, 2024 - 2031, USD Million
- TABLE 27North America Portable Spectroscopes Market by Country, 2020 - 2023, USD Million
- TABLE 28North America Portable Spectroscopes Market by Country, 2024 - 2031, USD Million
- TABLE 29North America Hyphenated Spectroscopes Market by Country, 2020 - 2023, USD Million
- TABLE 30North America Hyphenated Spectroscopes Market by Country, 2024 - 2031, USD Million
- TABLE 31North America IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
- TABLE 32North America IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
- TABLE 33North America Healthcare & Pharmaceuticals Market by Country, 2020 - 2023, USD Million
- TABLE 34North America Healthcare & Pharmaceuticals Market by Country, 2024 - 2031, USD Million
- TABLE 35North America Chemicals Market by Country, 2020 - 2023, USD Million
- TABLE 36North America Chemicals Market by Country, 2024 - 2031, USD Million
- TABLE 37North America Food & Beverages Market by Country, 2020 - 2023, USD Million
- TABLE 38North America Food & Beverages Market by Country, 2024 - 2031, USD Million
- TABLE 39North America Biological Research Market by Country, 2020 - 2023, USD Million
- TABLE 40North America Biological Research Market by Country, 2024 - 2031, USD Million
- TABLE 41North America Environmental Market by Country, 2020 - 2023, USD Million
- TABLE 42North America Environmental Market by Country, 2024 - 2031, USD Million
- TABLE 43North America Consumer Electronics Market by Country, 2020 - 2023, USD Million
- TABLE 44North America Consumer Electronics Market by Country, 2024 - 2031, USD Million
- TABLE 45North America IR Spectroscopy Market by Country, 2020 - 2023, USD Million
- TABLE 46North America IR Spectroscopy Market by Country, 2024 - 2031, USD Million
- TABLE 47US IR Spectroscopy Market, 2020 - 2023, USD Million
- TABLE 48US IR Spectroscopy Market, 2024 - 2031, USD Million
- TABLE 49US IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
- TABLE 50US IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
- TABLE 51US IR Spectroscopy Market by Type, 2020 - 2023, USD Million
- TABLE 52US IR Spectroscopy Market by Type, 2024 - 2031, USD Million
- TABLE 53US IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
- TABLE 54US IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
- TABLE 55US IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
- TABLE 56US IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
- TABLE 57Canada IR Spectroscopy Market, 2020 - 2023, USD Million
- TABLE 58Canada IR Spectroscopy Market, 2024 - 2031, USD Million
- TABLE 59Canada IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
- TABLE 60Canada IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
- TABLE 61Canada IR Spectroscopy Market by Type, 2020 - 2023, USD Million
- TABLE 62Canada IR Spectroscopy Market by Type, 2024 - 2031, USD Million
- TABLE 63Canada IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
- TABLE 64Canada IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
- TABLE 65Canada IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
- TABLE 66Canada IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
- TABLE 67Mexico IR Spectroscopy Market, 2020 - 2023, USD Million
- TABLE 68Mexico IR Spectroscopy Market, 2024 - 2031, USD Million
- TABLE 69Mexico IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
- TABLE 70Mexico IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
- TABLE 71Mexico IR Spectroscopy Market by Type, 2020 - 2023, USD Million
- TABLE 72Mexico IR Spectroscopy Market by Type, 2024 - 2031, USD Million
- TABLE 73Mexico IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
- TABLE 74Mexico IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
- TABLE 75Mexico IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
- TABLE 76Mexico IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
- TABLE 77Rest of North America IR Spectroscopy Market, 2020 - 2023, USD Million
- TABLE 78Rest of North America IR Spectroscopy Market, 2024 - 2031, USD Million
- TABLE 79Rest of North America IR Spectroscopy Market by Technology, 2020 - 2023, USD Million
- TABLE 80Rest of North America IR Spectroscopy Market by Technology, 2024 - 2031, USD Million
- TABLE 81Rest of North America IR Spectroscopy Market by Type, 2020 - 2023, USD Million
- TABLE 82Rest of North America IR Spectroscopy Market by Type, 2024 - 2031, USD Million
- TABLE 83Rest of North America IR Spectroscopy Market by Product Type, 2020 - 2023, USD Million
- TABLE 84Rest of North America IR Spectroscopy Market by Product Type, 2024 - 2031, USD Million
- TABLE 85Rest of North America IR Spectroscopy Market by End-user, 2020 - 2023, USD Million
- TABLE 86Rest of North America IR Spectroscopy Market by End-user, 2024 - 2031, USD Million
- TABLE 87Key Information - Shimadzu Corporation
- TABLE 88key Information - Carl Zeiss AG
- TABLE 89key Information - Revvity, Inc.
- TABLE 90key Information - Agilent Technologies, Inc.
- TABLE 91Key Information - Bruker Corporation
- TABLE 92Key Information - Thermo Fisher Scientific, Inc.
- TABLE 93Key Information - Horiba Ltd.
- TABLE 94KEY INFORMATION - Sartorius AG
- TABLE 95Key Information - Hitachi High-Tech Corporation
- TABLE 96Key Information - ABB Group
