Table of Content

1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION AND SCOPE 21
FIGURE 1 WAVELENGTHS OF DIFFERENT TECHNOLOGIES 22
1.2.1 INCLUSIONS AND EXCLUSIONS 22
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 MARKET SEGMENTATION 22
1.3.3 YEARS CONSIDERED 23
1.4 CURRENCY 23
TABLE 1 CURRENCY CONVERSION RATES 23
1.5 PACKAGE SIZE 23
1.6 LIMITATIONS 23
1.7 STAKEHOLDERS 24
1.8 SUMMARY OF CHANGES 24

2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
FIGURE 2 IR SPECTROSCOPY MARKET: RESEARCH DESIGN 25
2.1.1 SECONDARY DATA 26
2.1.1.1 List of major secondary sources 26
2.1.1.2 Key data from secondary sources 26
2.1.2 PRIMARY DATA 27
2.1.2.1 Primary interviews with experts 27
2.1.2.2 Key data from primary sources 27
2.1.3 SECONDARY AND PRIMARY RESEARCH 28
2.1.3.1 Key industry insights 28
2.1.3.2 Breakdown of primaries 29
2.2 MARKET SIZE ESTIMATION 29
FIGURE 3 PROCESS FLOW 29
2.2.1 BOTTOM-UP APPROACH 30
2.2.1.1 Approach for estimating market size by bottom-up analysis
(demand side) 30
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 30
2.2.2 TOP-DOWN APPROACH 31
2.2.2.1 Approach for estimating market size by top-down analysis
(supply side) 31
?
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 31
2.2.2.2 Demand- and supply-side approach analysis 32
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 6 DATA TRIANGULATION 33
2.4 RESEARCH ASSUMPTIONS 34
FIGURE 7 ASSUMPTIONS FOR THE RESEARCH STUDY 34

3 EXECUTIVE SUMMARY 35
3.1 VOLUME DATA 35
FIGURE 8 IR SPECTROSCOPY MARKET SIZE AND SHIPMENT ANALYSIS 35
FIGURE 9 COVID-19 ANALYSIS 36
FIGURE 10 IR SPECTROSCOPY MARKET FOR FAR-INFRARED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 37
FIGURE 11 BENCHTOP SPECTROSCOPES HELD LARGEST SHARE OF IR SPECTROSCOPY MARKET IN 2019 37
FIGURE 12 HEALTHCARE & PHARMACEUTICALS INDUSTRY TO ACCOUNT FOR LARGEST SIZE OF IR SPECTROSCOPY MARKET IN 2025 38
FIGURE 13 IR SPECTROSCOPY MARKET, BY REGION, 2020 38

4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES IN IR SPECTROSCOPY MARKET 40
FIGURE 14 INCREASING GOVERNMENT EXPENDITURE IN LIFE SCIENCES TO DRIVE IR SPECTROSCOPY MARKET DURING FORECAST PERIOD 40
4.2 IR SPECTROSCOPY MARKET: BY END-USER INDUSTRY AND REGION, 2020 41
FIGURE 15 HEALTHCARE & PHARMACEUTICALS INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF IR SPECTROSCOPY MARKET IN 2020 41
4.3 IR SPECTROSCOPY MARKET, BY TECHNOLOGY 41
FIGURE 16 MID-INFRARED TO CAPTURE LARGEST SHARE OF IR SPECTROSCOPY MARKET IN 2020 41
4.4 IR SPECTROSCOPY MARKET, BY REGION 42
FIGURE 17 NORTH AMERICA HELD LARGEST SHARE OF IR SPECTROSCOPY MARKET IN 2019 42

5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
FIGURE 18 IR SPECTROSCOPY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 43
5.2.1 DRIVERS 44
FIGURE 19 IR SPECTROSCOPY MARKET DRIVERS AND THEIR IMPACT 44
5.2.1.1 Increase in R&D investments in healthcare & pharmaceuticals industry 44
5.2.1.2 Continuous technological advancements in IR spectroscopy 44
?
5.2.2 RESTRAINTS 45
FIGURE 20 IR SPECTROSCOPY MARKET RESTRAINTS AND THEIR IMPACT 45
5.2.2.1 Technical limitations of IR spectroscopy 45
5.2.2.2 Availability of used IR spectroscopy devices 45
5.2.3 OPPORTUNITIES 45
FIGURE 21 IR SPECTROSCOPY MARKET OPPORTUNITIES AND THEIR IMPACT 45
5.2.3.1 Adoption of NIR spectroscopy in seed quality detection 46
5.2.3.2 Growing product development for biological research 46
5.2.4 CHALLENGES 46
FIGURE 22 IR SPECTROSCOPY MARKET CHALLENGES AND THEIR IMPACT 46
5.2.4.1 High cost of IR spectroscopy products 46
5.3 AVERAGE SELLING PRICE TREND 47
FIGURE 23 ASP TRENDS (2017–2025) 47
5.4 VALUE CHAIN ANALYSIS 47
FIGURE 24 IR SPECTROSCOPY MARKET: VALUE CHAIN 48
5.5 KEY TRENDS IN IR SPECTROSCOPY MARKET 48
FIGURE 25 KEY TRENDS IN IR SPECTROSCOPY MARKET 48
5.6 PORTER’S FIVE FORCES ANALYSIS 49
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS FOR IR SPECTROSCOPY MARKET 49
5.6.1 INTRODUCTION 49
TABLE 2 IMPACT OF EACH FORCE ON THE MARKET 50
5.6.2 BARGAINING POWER OF BUYERS 50
5.6.3 BARGAINING POWER OF SUPPLIERS 50
5.6.4 THREAT OF NEW ENTRANTS 51
5.6.5 THREAT OF SUBSTITUTES 51
5.6.6 INTENSITY OF COMPETITIVE RIVALRY 51
5.7 COVID-19-RELATED DRIVERS 51
5.7.1 THERMAL IMAGING COULD BE USED TO DETECT COVID-19 51
5.7.2 COMPANIES ARE LAUNCHING SOFTWARE TO IMPROVE TEMPERATURE SCREENING FOR COVID-19 52
5.8 COVID-19-RELATED CHALLENGES 52
5.8.1 QUALITY-RELATED ISSUES DUE TO HIGH-VOLUME PRODUCTION 52
5.9 ECOSYSTEM ANALYSIS 52
FIGURE 27 ECOSYSTEM ANALYSIS FOR INFRARED IMAGING MARKET 52
5.10 PATENT ANALYSIS 53
TABLE 3 IMPORTANT INNOVATIONS AND PATENTS REGISTRATION, 2012–2020 53
5.11 TRADE ANALYSIS 54
5.11.1 IMPORTS SCENARIO 54
FIGURE 28 IR SPECTROSCOPY IMPORTS DATA, BY KEY COUNTRY,
2015–2019 (USD MILLION) 54
5.11.2 EXPORTS SCENARIO 55
FIGURE 29 IR SPECTROSCOPY EXPORTS DATA, BY KEY COUNTRY,
2015–2019 (USD MILLION) 55
5.12 TARIFFS AND REGULATORY LANDSCAPE 55
5.13 CASE STUDY ANALYSIS 56
5.13.1 FOOD TESTING 56
5.13.2 HEALTHCARE & PHARMACEUTICALS 56
5.14 TECHNOLOGICAL ANALYSIS 57
5.14.1 IR SPECTROSCOPY AS A RAPID TOOL TO ANALYZE ORGANIC COMPOSTS 57
5.14.2 VIBRATIONAL SPECTROSCOPIC TECHNIQUES FOR TEA QUALITY AND SAFETY ANALYSES 57
5.15 STANDARDS AND FRAMEWORKS FOR IR SPECTROSCOPY MARKET 57
5.15.1 INTERNATIONAL TRAFFIC IN ARMS REGULATIONS (ITAR) 57
5.15.2 NATIONAL ELECTRONIC DISTRIBUTORS ASSOCIATION (NEDA) 57
5.15.3 INSTITUTE FOR PRINTED CIRCUITS (IPC) 58
5.15.4 WORKING-PARTY ON INSTRUMENT BEHAVIOR M-2784 (WIB M-2784) – PROCESS CONTROL DOMAIN: SECURITY REQUIREMENTS FOR VENDORS 58

6 IR SPECTROSCOPY MARKET, BY TECHNOLOGY 59
6.1 INTRODUCTION 60
FIGURE 30 MARKET FOR FAR-INFRARED TO GROW AT HIGHEST
CAGR DURING FORECAST PERIOD 60
TABLE 4 IR SPECTROSCOPY MARKET, BY TECHNOLOGY, 2017–2019 (USD BILLION) 60
TABLE 5 IR SPECTROSCOPY MARKET, BY TECHNOLOGY, 2020–2025 (USD BILLION) 60
6.2 NEAR-INFRARED SPECTROSCOPY 61
6.2.1 VARIOUS APPLICATIONS IN DIFFERENT INDUSTRIES ARE DRIVING NEAR-INFRARED SPECTROSCOPY MARKET 61
6.2.2 WORKING METHODOLOGY OF NIR SPECTROSCOPES 61
6.2.3 BENEFITS OF NIR 62
TABLE 6 NIR SPECTROSCOPY MARKET, BY PRODUCT TYPE,
2017–2019 (USD MILLION) 62
TABLE 7 NIR SPECTROSCOPY MARKET, BY PRODUCT TYPE,
2020–2025 (USD MILLION) 62
6.3 MID-INFRARED SPECTROSCOPY 63
6.3.1 USE OF MID-INFRARED TECHNOLOGY IN FOOD INDUSTRY DRIVES MIR SPECTROSCOPY MARKET 63
TABLE 8 MIR SPECTROSCOPY MARKET, BY PRODUCT TYPE,
2017–2019 (USD MILLION) 63
TABLE 9 MIR SPECTROSCOPY MARKET, BY PRODUCT TYPE,
2020–2025 (USD MILLION) 63
6.4 FAR-INFRARED 64
6.4.1 DEMAND FOR FIR SPECTROSCOPES WILL SURGE DUE TO INCREASED NUMBER OF APPLICATIONS IN HEALTHCARE & PHARMACEUTICALS INDUSTRY 64
6.4.2 KEY PROPERTIES OF FAR-INFRARED: 64
FIGURE 31 MICRO SPECTROSCOPES TO WITNESS HIGHEST CAGR IN FIR SPECTROSCOPY MARKET DURING FORECAST PERIOD 64
TABLE 10 FIR SPECTROSCOPY MARKET, BY PRODUCT TYPE,
2017–2019 (USD MILLION) 65
TABLE 11 FIR SPECTROSCOPY MARKET, BY PRODUCT TYPE,
2020–2025 (USD MILLION) 65
7 IR SPECTROSCOPY MARKET, BY PRODUCT TYPE 66
7.1 INTRODUCTION 67
TABLE 12 IR SPECTROSCOPY MARKET, BY PRODUCT TYPE, 2017–2019 (USD BILLION) 67
TABLE 13 IR SPECTROSCOPY MARKET, BY PRODUCT TYPE, 2020–2025 (USD BILLION) 67
FIGURE 32 IR SPECTROSCOPY MARKET FOR PORTABLE SPECTROSCOPES TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 67
7.2 BENCHTOP SPECTROSCOPES 68
7.2.1 COMPACTNESS AND LIGHT WEIGHT OF BENCHTOP SPECTROSCOPES LEAD TO THEIR INCREASED GLOBAL DEMAND 68
7.2.2 ADVANTAGES OF BENCHTOP SPECTROSCOPES 68
TABLE 14 IR SPECTROSCOPY MARKET FOR BENCHTOP SPECTROSCOPES,
BY TECHNOLOGY, 2017–2019 (USD MILLION) 68
TABLE 15 IR SPECTROSCOPY MARKET FOR BENCHTOP SPECTROSCOPES,
BY TECHNOLOGY, 2020–2025 (USD MILLION) 69
7.3 MICRO SPECTROSCOPES 69
7.3.1 EMERGENCE OF MICRO SPECTROSCOPES AS POWERFUL TOOLS IN TISSUE ENGINEERING 69
TABLE 16 IR SPECTROSCOPY MARKET FOR MICRO SPECTROSCOPES, BY TECHNOLOGY, 2017–2019 (USD MILLION) 69
TABLE 17 IR SPECTROSCOPY MARKET FOR MICRO SPECTROSCOPES, BY TECHNOLOGY, 2020–2025 (USD MILLION) 70
7.4 PORTABLE SPECTROSCOPES 70
7.4.1 UNIQUE ADVANTAGES OFFERED BY PORTABLE SPECTROSCOPES
LEAD TO THEIR INCREASED GLOBAL DEMAND 70
TABLE 18 IR SPECTROSCOPY MARKET FOR PORTABLE SPECTROSCOPES,
BY TECHNOLOGY, 2017–2019 (USD MILLION) 71
TABLE 19 IR SPECTROSCOPY MARKET FOR PORTABLE SPECTROSCOPES,
BY TECHNOLOGY, 2020–2025 (USD MILLION) 71
7.5 HYPHENATED SPECTROSCOPES 71
7.5.1 NEW AND ADVANCED HYPHENATED SPECTROSCOPES COULD REPLACE OUTDATED SPECTROSCOPES 71
TABLE 20 IR SPECTROSCOPY MARKET FOR HYPHENATED SPECTROSCOPES,
BY TECHNOLOGY, 2017–2019 (USD MILLION) 72
TABLE 21 IR SPECTROSCOPY MARKET FOR HYPHENATED SPECTROSCOPES,
BY TECHNOLOGY, 2020–2025 (USD MILLION) 72

8 IR SPECTROSCOPY MARKET, BY END-USER INDUSTRY 73
8.1 INTRODUCTION 74
8.1.1 COVID-19 IMPACT ON END-USER INDUSTRY 74
FIGURE 33 BIOLOGICAL RESEARCH SEGMENT OF IR SPECTROSCOPY MARKET TO
GROW AT HIGHEST CAGR FROM 2020 TO 2025 74
TABLE 22 IR SPECTROSCOPY MARKET, BY END-USER INDUSTRY,
2017–2019 (USD BILLION) 75
TABLE 23 IR SPECTROSCOPY MARKET, BY END-USER INDUSTRY,
2020–2025 (USD BILLION) 75
8.2 HEALTHCARE & PHARMACEUTICALS 75
8.2.1 INCREASING USE OF IR SPECTROSCOPY IN DIFFERENT DIAGNOSTIC AND THERAPEUTIC APPLICATIONS WOULD DRIVE MARKET GROWTH 75
8.2.2 CANCER DETECTION 76
TABLE 24 IR SPECTROSCOPY MARKET FOR HEALTHCARE & PHARMACEUTICALS,
BY REGION, 2017–2019 (USD MILLION) 76
TABLE 25 IR SPECTROSCOPY MARKET FOR HEALTHCARE & PHARMACEUTICALS,
BY REGION, 2020–2025 (USD MILLION) 76
TABLE 26 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2017–2019 (USD MILLION) 77
TABLE 27 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2020–2025 (USD MILLION) 77
TABLE 28 IR SPECTROSCOPY MARKET IN EUROPE FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2017–2019 (USD MILLION) 77
TABLE 29 IR SPECTROSCOPY MARKET IN EUROPE FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2020–2025 (USD MILLION) 78
TABLE 30 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2017–2019 (USD MILLION) 78
TABLE 31 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2020–2025 (USD MILLION) 78
TABLE 32 IR SPECTROSCOPY MARKET IN ROW FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2017–2019 (USD MILLION) 79
TABLE 33 IR SPECTROSCOPY MARKET IN ROW FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION) 79
TABLE 34 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2017–2019 (USD MILLION) 79
TABLE 35 SPECTROSCOPY MARKET IN SOUTH AMERICA FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2020–2025 (USD MILLION) 79
TABLE 36 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2017–2019 (USD THOUSAND) 80
TABLE 37 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR HEALTHCARE & PHARMACEUTICALS, BY COUNTRY, 2020–2025 (USD THOUSAND) 80
8.3 CHEMICALS 80
8.3.1 RISING DEMAND FOR IR SPECTROSCOPY FROM CHEMICALS INDUSTRY FOR DETERMINING MOLECULE STRUCTURES OF COMPOUNDS 80
TABLE 38 IR SPECTROSCOPY MARKET FOR CHEMICALS, BY REGION,
2017–2019 (USD MILLION) 81
TABLE 39 IR SPECTROSCOPY MARKET FOR CHEMICALS, BY REGION,
2020–2025 (USD MILLION) 81
TABLE 40 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR CHEMICALS,
BY COUNTRY, 2017–2019 (USD MILLION) 81
TABLE 41 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR CHEMICALS,
BY COUNTRY, 2020–2025 (USD MILLION) 81
TABLE 42 IR SPECTROSCOPY MARKET IN EUROPE FOR CHEMICALS, BY COUNTRY, 2017–2019 (USD MILLION) 82
TABLE 43 IR SPECTROSCOPY MARKET IN EUROPE FOR CHEMICALS, BY COUNTRY, 2020–2025 (USD MILLION) 82
TABLE 44 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR CHEMICALS, BY COUNTRY, 2017–2019 (USD MILLION) 82
TABLE 45 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR CHEMICALS, BY COUNTRY, 2020–2025 (USD MILLION) 83
TABLE 46 IR SPECTROSCOPY MARKET IN ROW FOR CHEMICALS, BY REGION,
2017–2019 (USD MILLION) 83
TABLE 47 IR SPECTROSCOPY MARKET IN ROW FOR CHEMICALS, BY REGION,
2020–2025 (USD MILLION) 83
TABLE 48 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR CHEMICALS,
BY COUNTRY, 2017–2019 (USD MILLION) 83
TABLE 49 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR CHEMICALS,
BY COUNTRY, 2020–2025 (USD MILLION) 84
TABLE 50 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR CHEMICALS,
BY COUNTRY, 2017–2019 (USD MILLION) 84
TABLE 51 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR CHEMICALS,
BY COUNTRY, 2020–2025 (USD MILLION) 84
8.4 FOOD & BEVERAGES 85
8.4.1 SURGING USE OF IR SPECTROSCOPY FOR DETERMINING QUALITY OF
FOOD ITEMS AND BEVERAGES 85
TABLE 52 IR SPECTROSCOPY MARKET FOR FOOD & BEVERAGES, BY REGION,
2017–2019 (USD MILLION) 85
TABLE 53 IR SPECTROSCOPY MARKET FOR FOOD & BEVERAGES, BY REGION,
2020–2025 (USD MILLION) 85
TABLE 54 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR FOOD & BEVERAGES, BY COUNTRY, 2017–2019 (USD THOUSAND) 85
TABLE 55 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR FOOD & BEVERAGES, BY COUNTRY, 2020–2025 (USD THOUSAND) 86
TABLE 56 IR SPECTROSCOPY MARKET IN EUROPE FOR FOOD & BEVERAGES,
BY COUNTRY, 2017–2019 (USD MILLION) 86
TABLE 57 IR SPECTROSCOPY MARKET IN EUROPE FOR FOOD & BEVERAGES,
BY COUNTRY, 2020–2025 (USD MILLION) 86
TABLE 58 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR FOOD & BEVERAGES,
BY COUNTRY, 2017–2019 (USD MILLION) 87
TABLE 59 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR FOOD & BEVERAGES,
BY COUNTRY, 2020–2025 (USD MILLION) 87
TABLE 60 IR SPECTROSCOPY MARKET IN ROW FOR FOOD & BEVERAGES, BY REGION, 2017–2019 (USD MILLION) 87
TABLE 61 IR SPECTROSCOPY MARKET IN ROW FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION) 88
TABLE 62 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR FOOD & BEVERAGES, BY COUNTRY, 2017–2019 (USD MILLION) 88
TABLE 63 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR FOOD & BEVERAGES, BY COUNTRY, 2020–2025 (USD MILLION) 88
TABLE 64 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR FOOD & BEVERAGES, BY COUNTRY, 2017–2019 (USD MILLION) 89
TABLE 65 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR FOOD & BEVERAGES, BY COUNTRY, 2020–2025 (USD MILLION) 89
?
8.4.2 GROWING USE OF IR SPECTROSCOPY TO DETECT PRESENCE OF
PESTICIDES IN FOOD ITEMS 89
8.4.3 RISING USE OF SERS FOR DETECTION AND IDENTIFICATION OF BACTERIA IN FOOD ITEMS 90
8.5 ENVIRONMENTAL 90
8.5.1 SURGING ADOPTION OF IR SPECTROSCOPY FOR DETERMINING AIR QUALITY TO FUEL MARKET GROWTH 90
TABLE 66 IR SPECTROSCOPY MARKET FOR ENVIRONMENTAL, BY REGION,
2017–2019 (USD MILLION) 90
TABLE 67 IR SPECTROSCOPY MARKET FOR ENVIRONMENTAL, BY REGION,
2020–2025 (USD MILLION) 91
TABLE 68 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR ENVIRONMENTAL,
BY COUNTRY, 2017–2019 (USD MILLION) 91
TABLE 69 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR ENVIRONMENTAL,
BY COUNTRY, 2020–2025 (USD MILLION) 91
TABLE 70 IR SPECTROSCOPY MARKET IN EUROPE FOR ENVIRONMENTAL, BY COUNTRY, 2017–2019 (USD THOUSAND) 92
TABLE 71 IR SPECTROSCOPY MARKET IN EUROPE FOR ENVIRONMENTAL, BY COUNTRY, 2020–2025 (USD THOUSAND) 92
TABLE 72 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR ENVIRONMENTAL,
BY COUNTRY, 2017–2019 (USD THOUSAND) 92
TABLE 73 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR ENVIRONMENTAL,
BY COUNTRY, 2020–2025 (USD THOUSAND) 93
TABLE 74 IR SPECTROSCOPY MARKET IN ROW FOR ENVIRONMENTAL, BY REGION, 2017–2019 (USD MILLION) 93
TABLE 75 IR SPECTROSCOPY MARKET IN ROW FOR ENVIRONMENTAL, BY REGION, 2020–2025 (USD MILLION) 93
TABLE 76 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR ENVIRONMENTAL,
BY COUNTRY, 2017–2019 (USD THOUSAND) 94
TABLE 77 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR ENVIRONMENTAL,
BY COUNTRY, 2020–2025 (USD THOUSAND) 94
TABLE 78 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR ENVIRONMENTAL, BY COUNTRY, 2017–2019 (USD THOUSAND) 94
TABLE 79 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR ENVIRONMENTAL, BY COUNTRY, 2020–2025 (USD THOUSAND) 95
8.6 BIOLOGICAL RESEARCH 95
8.6.1 INCREASING DEMAND FOR IR SPECTROSCOPY IN BIOLOGICAL RESEARCH FOR DETECTING ATOMIC STRUCTURES TO CONTRIBUTE TO MARKET GROWTH 95
TABLE 80 IR SPECTROSCOPY MARKET FOR BIOLOGICAL RESEARCH, BY REGION, 2017–2019 (USD MILLION) 95
TABLE 81 IR SPECTROSCOPY MARKET FOR BIOLOGICAL RESEARCH, BY REGION, 2020–2025 (USD MILLION) 96
TABLE 82 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2017–2019 (USD MILLION) 96
TABLE 83 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2020–2025 (USD MILLION) 96
TABLE 84 IR SPECTROSCOPY MARKET IN EUROPE FOR BIOLOGICAL RESEARCH,
BY COUNTRY, 2017–2019 (USD MILLION) 97
TABLE 85 IR SPECTROSCOPY MARKET IN EUROPE FOR BIOLOGICAL RESEARCH,
BY COUNTRY, 2020–2025 (USD MILLION) 97
TABLE 86 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2017–2019 (USD MILLION) 97
TABLE 87 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2020–2025 (USD MILLION) 98
TABLE 88 IR SPECTROSCOPY MARKET IN ROW FOR BIOLOGICAL RESEARCH,
BY REGION, 2017–2019 (USD MILLION) 98
TABLE 89 IR SPECTROSCOPY MARKET IN ROW FOR BIOLOGICAL RESEARCH,
BY REGION, 2020–2025 (USD MILLION) 98
TABLE 90 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2017–2019 (USD MILLION) 99
TABLE 91 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2020–2025 (USD MILLION) 99
TABLE 92 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2017–2019 (USD MILLION) 99
TABLE 93 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR BIOLOGICAL RESEARCH, BY COUNTRY, 2020–2025 (USD MILLION) 100
8.7 CONSUMER ELECTRONICS 100
8.7.1 RISING USE OF IR SPECTROSCOPY TO IDENTIFY OXIDATION STATE OF DIFFERENT COMPOUNDS 100
8.7.2 COVID-19 IMPACT 100
TABLE 94 IR SPECTROSCOPY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION) 101
TABLE 95 IR SPECTROSCOPY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION) 101
TABLE 96 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2019 (USD MILLION) 101
TABLE 97 IR SPECTROSCOPY MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2020–2025 (USD MILLION) 102
TABLE 98 IR SPECTROSCOPY MARKET IN EUROPE FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2017–2019 (USD MILLION) 102
TABLE 99 IR SPECTROSCOPY MARKET IN EUROPE FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2020–2025 (USD MILLION) 102
TABLE 100 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2019 (USD THOUSAND) 103
TABLE 101 IR SPECTROSCOPY MARKET IN ASIA PACIFIC FOR CONSUMER ELECTRONICS, BY COUNTRY, 2020–2025 (USD THOUSAND) 103
TABLE 102 IR SPECTROSCOPY MARKET IN ROW FOR CONSUMER ELECTRONICS,
BY REGION, 2017–2019 (USD MILLION) 103
TABLE 103 IR SPECTROSCOPY MARKET IN ROW FOR CONSUMER ELECTRONICS,
BY REGION, 2020–2025 (USD MILLION) 104
TABLE 104 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2019 (USD THOUSAND) 104
TABLE 105 IR SPECTROSCOPY MARKET IN SOUTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2020–2025 (USD THOUSAND) 104
TABLE 106 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2019 (USD THOUSAND) 105
TABLE 107 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2020–2025 (USD THOUSAND) 105

9 GEOGRAPHIC ANALYSIS 106
9.1 INTRODUCTION 107
FIGURE 34 IR SPECTROSCOPY MARKET IN NORTH AMERICA TO GROW AT HIGHEST
CAGR FROM 2020 TO 2025 107
TABLE 108 IR SPECTROSCOPY MARKET, BY REGION, 2017–2019 (USD BILLION) 107
TABLE 109 IR SPECTROSCOPY MARKET, BY REGION, 2020–2025 (USD BILLION) 107
9.2 NORTH AMERICA 108
FIGURE 35 SNAPSHOT OF IR SPECTROSCOPY MARKET IN NORTH AMERICA 108
TABLE 110 IR SPECTROSCOPY MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2019 (USD MILLION) 109
TABLE 111 IR SPECTROSCOPY MARKET IN NORTH AMERICA, BY COUNTRY,
2020–2025 (USD MILLION) 109
9.2.1 US 109
9.2.1.1 US to hold major share of IR spectroscopy market in 2025 109
9.2.2 CANADA 110
9.2.2.1 Increased use of IR spectroscopy to analyze soil and water extracts 110
9.2.3 MEXICO 110
9.2.3.1 Extensive use of IR spectroscopy for monitoring air quality in Mexico to drive market growth 110
9.3 EUROPE 111
FIGURE 36 SNAPSHOT OF IR SPECTROSCOPY MARKET IN EUROPE 111
TABLE 112 IR SPECTROSCOPY MARKET IN EUROPE, BY COUNTRY,
2017–2019 (USD MILLION) 112
TABLE 113 IR SPECTROSCOPY MARKET IN EUROPE, BY COUNTRY,
2020–2025 (USD MILLION) 112
9.3.1 UK 112
9.3.1.1 Emergence of sports industry as key consumer of IR spectroscopy products and solutions in UK to monitor recovery from injuries 112
9.3.2 GERMANY 113
9.3.2.1 Adoption of IR spectroscopy products and solutions for diagnostic purposes in Germany 113
9.3.3 FRANCE 113
9.3.3.1 Increased awareness about maintenance of food quality to contribute to market growth in France 113
9.3.4 ITALY 113
9.3.4.1 Deployment of IR spectroscopy products and solutions to ensure precision in thermal screeners contribute would drive IR spectroscopy market 113
9.3.5 REST OF EUROPE 113
?
9.4 ASIA PACIFIC 114
FIGURE 37 SNAPSHOT OF IR SPECTROSCOPY MARKET IN ASIA PACIFIC 114
TABLE 114 IR SPECTROSCOPY MARKET IN ASIA PACIFIC, BY COUNTRY,
2017–2019 (USD MILLION) 115
TABLE 115 IR SPECTROSCOPY MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2025 (USD MILLION) 115
9.4.1 CHINA 116
9.4.1.1 Surged implementation of latest technologies in industrial plants to contribute to demand for IR spectroscopy products and solutions in China 116
9.4.2 JAPAN 116
9.4.2.1 IR spectroscopy products and solutions are widely used for measuring temperature, process monitoring, and controlling manufacturing processes 116
9.4.3 INDIA 116
9.4.3.1 Increased demand for IR spectroscopy products and solutions in biological research activities to fuel market growth in India 116
9.4.4 SOUTH KOREA 117
9.4.4.1 Surged deployment of IR spectroscopy products and solutions in consumer electronics industry to drive market growth in South Korea 117
9.4.5 REST OF ASIA PACIFIC 117
9.5 REST OF THE WORLD (ROW) 117
FIGURE 38 SNAPSHOT OF IR SPECTROSCOPY MARKET IN ROW 118
TABLE 116 IR SPECTROSCOPY MARKET IN ROW, BY REGION,
2017–2019 (USD MILLION) 118
TABLE 117 IR SPECTROSCOPY MARKET IN ROW, BY REGION,
2020–2025 (USD MILLION) 118
9.5.1 MIDDLE EAST & AFRICA (MEA) 119
9.5.1.1 Healthcare & pharmaceuticals industry to contribute significantly to growth of IR spectroscopy market in Middle East & Africa 119
TABLE 118 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY,
2017–2019 (USD MILLION) 119
TABLE 119 IR SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY,
2020–2025 (USD MILLION) 119
9.5.2 SOUTH AMERICA 120
9.5.2.1 IR spectroscopy is being used to provide doctors with information to identify different kinds of pain syndromes 120
TABLE 120 IR SPECTROSCOPY MARKET IN SOUTH AMERICA, BY COUNTRY,
2017–2019 (USD MILLION) 120
TABLE 121 IR SPECTROSCOPY MARKET IN SOUTH AMERICA, BY COUNTRY,
2020–2025 (USD MILLION) 120
?

10 COMPETITIVE LANDSCAPE 121
10.1 OVERVIEW 121
FIGURE 39 COMPANIES ADOPTED PRODUCT LAUNCHES AS THEIR KEY GROWTH STRATEGY BETWEEN 2017 AND 2020 121
10.2 MARKET SHARE ANALYSIS: IR SPECTROSCOPY MARKET, 2019 122
FIGURE 40 MARKET SHARE ANALYSIS OF KEY PLAYERS IN IR SPECTROSCOPY
MARKET, 2019 122
10.3 REVENUE ANALYSIS: IR SPECTROSCOPY MARKET, 2019 123
10.4 COMPETITIVE LEADERSHIP MAPPING 124
FIGURE 41 IR SPECTROSCOPY MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2019 124
10.4.1 STAR 125
10.4.2 PERVASIVE 125
10.4.3 PARTICIPANT 125
10.4.4 EMERGING LEADER 125
10.5 STRENGTH OF PRODUCT PORTFOLIO (12 PLAYERS) 126
FIGURE 42 STRENGTH OF PRODUCT PORTFOLIO OF TOP PLAYERS IN
IR SPECTROSCOPY MARKET 126
10.6 BUSINESS STRATEGY EXCELLENCE (12 PLAYERS) 127
FIGURE 43 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN
IR SPECTROSCOPY MARKET 127
10.7 COMPANY PRODUCT FOOTPRINT 127
10.8 START-UP EVALUATION MATRIX 128
10.8.1 PROGRESSIVE COMPANY 128
10.8.2 RESPONSIVE COMPANY 128
10.8.3 DYNAMIC COMPANY 128
10.8.4 STARTING BLOCK 128
FIGURE 44 IR SPECTROSCOPY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING: START-UP ECOSYSTEM, 2019 129
10.9 COMPETITIVE SITUATIONS AND TRENDS 130
FIGURE 45 BATTLE FOR MARKET SHARE: PRODUCT LAUNCHES EMERGED AS KEY STRATEGY ADOPTED BY MARKET PLAYERS BETWEEN 2017 AND 2020 130
10.9.1 PRODUCT LAUNCHES 130
TABLE 122 PRODUCT LAUNCHES, 2017–2020 130
10.9.2 PARTNERSHIPS 132
TABLE 123 PARTNERSHIPS, 2017–2020 132
10.9.3 ACQUISITIONS 133
TABLE 124 ACQUISITIONS, 2017–2020 133
?
11 COMPANY PROFILES 134
11.1 INTRODUCTION 134
11.2 MAJOR PLAYERS 135
(Business Overview, Products, Key Insights, COVID-19 & Recent Developments, SWOT Analysis, MnM View)*
11.2.1 SHIMADZU CORPORATION 135
FIGURE 46 SHIMADZU CORPORATION: COMPANY SNAPSHOT 135
11.2.2 AGILENT TECHNOLOGIES 139
FIGURE 47 AGILENT TECHNOLOGIES: COMPANY SNAPSHOT 139
11.2.3 BRUKER CORPORATION 142
FIGURE 48 BRUKER CORPORATION: COMPANY SNAPSHOT 142
11.2.4 HORIBA LTD 146
FIGURE 49 HORIBA LTD: COMPANY SNAPSHOT 146
11.2.5 PERKINELMER, INC. 150
FIGURE 50 PERKINELMER, INC.: COMPANY SNAPSHOT 150
11.2.6 ZEISS 153
FIGURE 51 ZEISS: COMPANY SNAPSHOT 153
11.2.7 HITACHI HIGH-TECHNOLOGIES CORPORATION 156
FIGURE 52 HITACHI HIGH-TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT 156
11.2.8 JASCO INC. 157
11.2.9 THERMO FISHER SCIENTIFIC 158
FIGURE 53 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT 158
11.2.10 SARTORIUS AG 160
FIGURE 54 SARTORIUS AG: COMPANY SNAPSHOT 160
11.2.11 TELEDYNE PRINCETON INSTRUMENTS 162
11.2.12 FOSS 164
*Details on Business Overview, Products, Key Insights, COVID-19 & Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11.3 SME PLAYERS 165
11.3.1 LUMEX INSTRUMENTS 165
11.3.2 MICROPTIK BV 166
11.3.3 ISBEN PHOTONICS 167
11.3.4 BAYSPEC INC. 168
11.3.5 WASATCH PHOTONICS 169
11.3.6 BRISTOL INSTRUMENTS, INC 170
11.3.7 COLE-PARMER INDIA PVT. LTD. 171
11.3.8 SCIEX 171
?

12 ADJACENT AND RELATED MARKETS 172
12.1 INTRODUCTION 172
12.2 LIMITATIONS 172
12.3 INFRARED IMAGING MARKET, BY APPLICATION 172
12.3.1 SECURITY AND SURVEILLANCE 172
TABLE 125 INFRARED IMAGING MARKET FOR SECURITY AND SURVEILLANCE,
BY TECHNOLOGY, 2015–2023 (USD MILLION) 173
12.3.2 MONITORING AND INSPECTION 173
TABLE 126 INFRARED IMAGING MARKET FOR MONITORING AND INSPECTION,
BY TECHNOLOGY, 2015–2023 (USD MILLION) 173
12.3.3 DETECTION 173
TABLE 127 INFRARED IMAGING MARKET FOR DETECTION, BY TECHNOLOGY,
2015–2023 (USD MILLION) 173
12.4 INFRARED IMAGING MARKET, BY REGION 174