Near-Infrared (NIR) and Mid-Infrared (MIR) Market Trends: IR Spectroscopy Forecast (2025-2032).

 

Market Overview Of Infrared (IR) Spectroscopy market

The global Infrared (IR) Spectroscopy market plays a crucial role in analytical chemistry, providing essential techniques for molecular identification, structural analysis, and quality control across diverse industries. The technology is fundamental to research and development (R&D) in pharmaceuticals and process monitoring in chemicals.

The market reflects stable, non-cyclical demand driven by regulatory requirements and increasing automation in laboratories and manufacturing environments. The global market size was valued at $1.14 billion in 2024 and is expected to exhibit reliable expansion, reaching $1.63 billion by 2032. This growth corresponds to a Compound Annual Growth Rate (CAGR) of 4.60% during the forecast period.

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Segmentation Of Infrared (IR) Spectroscopy market

The market is segmented based primarily on the underlying instrumentation technology and the end-use industry:

Technology Segmentation

The Fourier-Transform Infrared (FTIR) Spectroscopy segment holds the largest market share and remains the dominant technology. FTIR devices offer superior sensitivity, speed, and accuracy compared to older models, making them the standard for complex material analysis and routine quality assurance. While Dispersive IR and Near-Infrared (NIR) systems also contribute, the technological drive is focused on miniaturized, handheld FTIR and process-optimized NIR for real-time applications.

Application Segmentation

Demand is highly concentrated in two key sectors:

1.    Pharmaceutical and Biotechnology: The largest consumer segment, using IR spectroscopy for drug discovery, excipient identification, and mandatory quality control (QC) testing of both raw materials and finished products.

2.    Chemical and Petrochemical Industry: This sector relies on IR technology for polymer characterization, chemical intermediate analysis, and process monitoring to ensure product consistency and safety.

Other vital application areas include Food & Beverage analysis for safety and authenticity, and environmental testing.

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Key Players Of Infrared (IR) Spectroscopy market

The competitive landscape is defined by a few major analytical instrument manufacturers who offer comprehensive portfolios covering benchtop, portable, and process instruments. These companies heavily invest in software integration and spectral library development to enhance user-friendliness and data interpretation.

Key Players dominating the market include:

  • Thermo Fisher Scientific Inc.
  • PerkinElmer, Inc.
  • Bruker Corporation
  • Shimadzu Corporation
  • Agilent Technologies, Inc.
  • Thermo Fisher Scientific, Inc. (U.S.)
  • Agilent Technologies, Inc. (U.S.)
  • PerkinElmer (U.S.)
  • Medtronic (Ireland)
  • HORIBA (Japan)
  • Teledyne FLIR LLC (U.S.)
  • Shimadzu Corporation (Japan)
  • Miltenyi Biotec (U.S.)
  • Metrohm AG (Switzerland)
  • Bruker (U.S.)
  • Hitachi High-Tech Corporation (Japan)
  • JASCO (Japan)
  • Newport Corporation (U.S.)
  • Bruker (U.S.)
  • Abbott (U.S.)
  • Oxford Instruments (U.K.)
  • Quest Medical Imaging B.V. (Netherlands)
  • Sartorius AG (Germany)
  • Teledyne Princeton Instruments (U.S.)

For the immediate forecast year, 2025, the global infrared spectroscopy market is projected to reach approximately $1.19 billion, based on the stable 4.60% CAGR.

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Future Outlook (2025–2032)

The Infrared Spectroscopy market's consistent growth, evidenced by the 4.60% CAGR through 2032, confirms its foundational role in laboratory and industrial settings. The future of the market is less about revolutionary new technology and more about accessibility and speed. The integration of advanced computational methods for rapid data analysis and the increasing adoption of highly portable instrumentation will be the primary factors sustaining demand and driving the market value toward $1.63 billion by the end of the forecast period.

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