San Francisco, California, October 17, 2017: A recent market research report by TMR Research presents a thorough analytical overview of the global market for IR (infrared) spectrometry. The report is titled “IR Spectroscopy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The report states that the market holds immense potential of growth over the period between 2017 and 2025. The increased influx of new players in the market is expected to increase the level of competition in the next few years, giving rise to more research and development attempts from companies who wish to outperform their peers. Leading vendors are increasingly looking into ways of expanding their businesses across the globe and invest more in technologically advanced products so as to stay ahead of the competition.
The report states that the market will be chiefly driven by the rising demand for IR spectrometry techniques in a number of industries such as medicinal and biological chemistry, food and beverages, chemicals, pharmaceuticals, food and beverages, and semiconductors. Furthermore, the vast rise in research and development activities in the life sciences industry is also driving the market.
The report segments the global IR spectrometry market on the basis of criteria such as product type, spectrum sensitivity, and geography. On the basis of product type, the market has been segmented into terahertz IR spectroscope, hyphenated, benchtop, portable, and IR microscopy. On the basis of spectrum sensitivity, the market has been segmented into far IR, near IR, and mid IR.
From a geographical standpoint, the global IR spectroscopy market has been examined in the report for regional markets such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Of these, the report states that the market in North America is presently the leading contributor of revenue and also presents significant prospects for future growth. The market in North America is driven by the strict regulatory environment surrounding the field of drug discovery and life sciences and the vast rise in funding set aside for research and development activities in the region’s massive life sciences industry.
Moreover, substantial grants kept aside by the U.S. government for research and development of high-throughput spectroscopes that can be used for the phenotyping of plants and animals and the rising numbers of technological conferences, which provide a good platform for vendors to showcase new products, are also driving the North America IR spectroscopy market. However, the market in Asia Pacific is envisioned to be the leading regional market in terms of new growth opportunities for IR spectrometry owing chiefly to the thriving semiconductor industry and rising concerns of food safety.
The report also presents a thorough analytical overview of the vendor landscape of the global IR spectroscopy market, furnishing key details regarding the recent developments, product portfolios, financial overview, and other important factors associated with the key vendors in the market. The report states that the market features a largely fragmented vendor landscape and a high level of competition. To outperform competitors, companies are focusing more on strategies such as introduction of new product varieties, collaborations, acquisitions, and joint ventures.
Some of the leading companies in the market are Agilent Technologies, Inc., Jasco Inc., Bruker Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Princeton Instruments, Spectra Analysis Instruments, Inc., Bayspec, Inc., Horiba, Ltd., and Teledyne Technologies, Inc.
Click on the link below to request a sample copy of the report