“According to a new report published by Introspective Market Research, IR Spectroscopy Market by Type, Technology, and End-Use Industry, The Global IR Spectroscopy Market Size Was Valued at USD 1.89 Billion in 2023 and is Projected to Reach USD 32.77 Billion by 2032, Growing at a CAGR of 7.40% from 2024 to 2032.”

Infrared (IR) spectroscopy is an analytical technique used to identify and study chemical substances based on their interaction with infrared radiation. The method enables precise molecular identification by analyzing absorption patterns, making it a critical tool across pharmaceuticals, chemicals, food & beverage, biotechnology, and environmental testing industries. IR spectroscopy offers advantages such as high accuracy, minimal sample preparation, non-destructive testing, and rapid analysis compared to conventional analytical techniques.

The growing demand for quality control, material characterization, and regulatory compliance has significantly boosted the adoption of IR spectroscopy systems. Technological advancements, including Fourier Transform Infrared (FTIR) spectroscopy and portable IR instruments, have further enhanced usability and efficiency, enabling real-time and in-field analysis.

Moreover, increasing R&D investments, expanding pharmaceutical manufacturing, and rising environmental monitoring initiatives globally are accelerating market expansion. The integration of automation and digital analytics into IR spectroscopy platforms is also transforming laboratory workflows and driving sustained market growth.

Market Segmentation

The IR Spectroscopy Market is segmented into Type, Technology, and End-Use Industry. By Type, the market is categorized into Near-Infrared (NIR), Mid-Infrared (MIR), and Far-Infrared (FIR). By Technology, the market is categorized into Dispersive IR Spectroscopy, Fourier Transform Infrared (FTIR) Spectroscopy, and Attenuated Total Reflectance (ATR). By End-Use Industry, the market is categorized into Pharmaceuticals, Chemicals, Food & Beverage, Biotechnology, Environmental Testing, and Others.

Growth Driver

The rising demand for advanced analytical techniques in pharmaceutical and chemical industries is a key growth driver for the IR spectroscopy market. Stringent regulatory requirements for drug safety, quality assurance, and material validation have increased the reliance on precise and reliable analytical instruments. IR spectroscopy enables rapid identification of compounds, impurity detection, and formulation analysis, making it indispensable in modern laboratories. Additionally, increased investments in R&D activities and the expansion of pharmaceutical manufacturing facilities worldwide are further propelling market growth.

Market Opportunity

The increasing adoption of portable and handheld IR spectroscopy devices presents a significant growth opportunity for the market. These compact systems allow on-site testing, real-time analysis, and field-based applications across environmental monitoring, food safety inspections, and forensic investigations. Advancements in miniaturization, sensor technology, and AI-driven spectral analysis are improving performance and accessibility. As industries seek faster decision-making and cost-effective testing solutions, portable IR spectroscopy instruments are expected to witness strong demand in the coming years.

Detailed Segmentation

IR Spectroscopy Market, Segmentation

The IR Spectroscopy Market is segmented on the basis of Type, Technology, and End-Use Industry.

Type

The Type segment is further classified into Near-Infrared (NIR), Mid-Infrared (MIR), and Far-Infrared (FIR). Among these, the Mid-Infrared (MIR) sub-segment accounted for the highest market share in 2023. MIR spectroscopy is widely used for molecular structure analysis and functional group identification, offering high sensitivity and accuracy. Its extensive application in pharmaceuticals, chemicals, and academic research laboratories continues to drive strong demand globally.

Technology

The Technology segment is further classified into Dispersive IR Spectroscopy, Fourier Transform Infrared (FTIR) Spectroscopy, and Attenuated Total Reflectance (ATR). Among these, the FTIR Spectroscopy sub-segment accounted for the highest market share in 2023. FTIR technology provides faster data acquisition, improved signal-to-noise ratio, and superior spectral resolution. Its versatility and compatibility with automation make it the preferred choice across industrial and research applications.

Some of The Leading/Active Market Players Are-

• Thermo Fisher Scientific (USA)
• Bruker Corporation (Germany)
• Agilent Technologies (USA)
• PerkinElmer Inc. (USA)
• Shimadzu Corporation (Japan)
• ABB Ltd. (Switzerland)
• Horiba Ltd. (Japan)
• Mettler-Toledo International Inc. (USA)
• JASCO Corporation (Japan)
• Bio-Rad Laboratories (USA)
• Teledyne Technologies (USA)
• Foss Analytical (Denmark)
• Specac Ltd. (UK)
• Smiths Detection (UK)
• And other active players.

Key Industry Developments

In March 2024, leading analytical instrument manufacturers introduced advanced FTIR systems integrated with AI-based spectral interpretation tools.
These innovations enhance analytical accuracy, reduce human error, and streamline laboratory workflows, supporting faster and more reliable decision-making across industries.

In August 2023, major players expanded their portable IR spectroscopy product lines to support field-based applications.
The launch focused on improving portability, battery life, and cloud connectivity, enabling real-time data sharing and remote analysis for environmental and forensic use cases.

Key Findings of the Study

• FTIR spectroscopy dominates due to superior performance and efficiency
• Pharmaceuticals remain the leading end-use industry
• North America holds the largest market share
• Rising regulatory compliance drives demand
• Portable IR systems are a key emerging trend

More Info:- https://introspectivemarketresearch.com/reports/ir-spectroscopy-market/

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