An Analysis of Spectroscopy IR Detector Market by Products like Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, Hyphenated Spectroscopes.
Industry: Semiconductor Electronics
Published Date: June-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 310
Report ID: PMRREP33506
The global spectroscopy IR detector market was valued at US$ 211.0 billion in 2022. According to Persistence Market Research, sales of spectroscopy IR detector are expected to reach US$ 224.5 million in 2023 and is expected to reach US$ 399.0 million by 2033, growing at a CAGR of 5.9% from 2023 to 2033. With the increasing focus on environmental monitoring and increased concern about environmental pollution, the market for spectroscopy IR detectors is expected to grow during the forecast period.
Spectroscopy IR detectors are mainly used in chemical analysis, to determine the molecular structure and composition of samples, making them valuable tools in fields such as pharmaceuticals, environmental monitoring, forensic analysis, and materials science including the identification and quantification of chemical compounds.
The spectroscopy IR detectors also find their application in environmental monitoring, including air quality analysis, water analysis, and soil analysis. They can identify and quantify pollutants, monitor emissions from industrial facilities, and assess overall environmental health.
| Report Attributes | Details |
|---|---|
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Spectroscopy IR Detector Market Size (2023) |
US$ 224.5 million |
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Projected Market Value (2033) |
US$ 399.0 million |
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North America Market Growth Rate (2023 to 2033) |
5.9% |
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Mid-IR Growth Rate (2023 to 2033) |
5.8% CAGR |
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Indium Gallium Arsenide Growth Rate (2023 to 2033) |
5.7% CAGR |
As per Persistence Market Research (PMR), the global spectroscopy IR detector industry is expected to witness a CAGR of 5.9% from 2023 to 2033. The market registered a CAGR of 6.8% in the historical period from 2018 to 2022.
Increasing application of Spectroscopy IR detectors in the pharmaceutical industry for drug discovery, formulation development, and quality control. The increased technological advancement and increased demand for foreign sick analysis, drive the growth of the spectroscopy IR detector market during the forecast period.
The spectroscopy IR detector market is expected to grow during the forecast period owing to the increasing demand for portable spectroscopy IR devices. The insulated wires and spectroscopy IR detector market is projected to show a noteworthy $ 399.0 million by the end of the forecast period of 2033.
Spectroscopic techniques, including infrared spectroscopy, are widely adopted in various industries due to their non-destructive nature, fast analysis time, and ability to provide detailed molecular information.
The primary factor that exhibits the growth of the spectroscopy IR detector market is the increasing demand for spectroscopic techniques. Infrared spectroscopy is used in various industries such as pharmaceuticals, chemicals, materials science, environmental monitoring, and research laboratories.
The increasing need for accurate and reliable analysis of samples drives the demand for high-quality spectroscopy IR detectors in various end-use industries.
The increasing research and development activities across various scientific disciplines are expected to drive the demand for spectroscopy IR detectors as these detectors are used to study molecular structures, chemical reactions, and material properties, aiding in the advancement of scientific knowledge.
Why is there a High Demand for Spectroscopy IR Detectors in the United States?
Growing Technological Advances to Drive Demand for Spectroscopy IR Detector Market
A significant share of the global spectroscopy IR detector market is expected to be held by the United States. With technological advancements, the increased focus on research and development resulted in the spectroscopy IR detector market's expansion during the forecast period.
According to the report’s projections, the United States spectroscopy IR detector market will likely be worth US$ 122.3 million by 2033. From 2018 to 2022, the United States experienced a CAGR of 5.7%, and from 2023 to 2033, it is anticipated that the rate of growth will increase by 5.1%.
Spectroscopy IR detectors find widespread use in quality control, process monitoring, product development, and research within these industries. The demand for precise and reliable spectroscopic analysis drives the adoption of IR detectors in industrial applications.
What are the Growth Prospects for Spectroscopy IR Detectors in the United Kingdom?
Stronger Demand for Pharmaceuticals to Drive Growth
According to Persistence Market Research, the United Kingdom market for spectroscopy IR detectors will reach US$ 19.5 billion by 2033. The market is expected to expand at a CAGR of 5.1% from 2023 to 2033. period.
Increasing industrial landscape, encompassing sectors such as pharmaceuticals, chemicals, aerospace, automotive, and electronics. Spectroscopy IR detectors play a crucial role in quality control, process monitoring, material analysis, and research and development within these industries. The demand for reliable and accurate spectroscopic analysis drives the adoption of IR detectors.
Which spectrum sensitivity is likely to abound in the spectroscopy IR Detector Market?
The Mid IR Segment Accounts for Highest Revenue Share
Based on the spectrum sensitivity, the market is segmented into the NIR, Mid IR, and Far IR segments. Among all these Mid-IR segments remains the end-use category is expected to expand with a CAGR of 5.8% throughout the forecast period. Based on historical projections, between 2018 and 2022, the growth rate reached 6.6%.
Mid-IR spectroscopy is widely used for chemical identification and analysis. It provides valuable information about molecular structures, functional groups, and chemical composition. Different substances have characteristic absorption peaks and patterns in the Mid-IR spectrum, allowing for qualitative and quantitative analysis.
The Mid-IR spectrum is useful in characterizing and studying various materials, including polymers, ceramics, semiconductors, and pharmaceuticals. It can provide information about molecular structure, impurities, and material properties.
Based on Detector Technology, Which Segment Accounts for the Highest Revenue in the Insulated Wires and Cables Market?
Indium Gallium Arsenide Segment Generates High Revenue
Based on the detector technology, the market is segmented into the Mercury cadmium telluride, deuterated triglycine sulfate, indium gallium arsenide, and others segments. Among all these indium gallium arsenide segments remains the detector technology category is expected to expand with a CAGR of 5.7% throughout the forecast period. Based on historical projections, between 2018 and 2022, the growth rate reached 6.4%.
Indium gallium arsenide detectors offer detection capabilities in the near-infrared (NIR) and short-wavelength infrared (SWIR) regions, which are crucial for many applications. This extended wavelength range allows for the detection of light beyond the range of silicon-based detectors, making InGaAs detectors essential for various industries.
These detectors exhibit high sensitivity in the NIR and SWIR regions, enabling the detection of low-intensity light signals. This sensitivity is particularly valuable in applications such as spectroscopy, telecommunications, and industrial monitoring, where detecting weak signals accurately is critical.
Strategic partnerships are being established between manufacturers of spectroscopy IR detectors and other companies in the electronic industry.
The market players are increasing their market presence, and increasing their market share by enhancing their technological capability and expanding their product offerings. The leading players are focusing on developing innovative products and solutions and new product launches to gain a competitive edge in the market. The performance and capabilities of their products are being improved by investing heavily in research & development by a few other firms.
| Attribute | Details |
|---|---|
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ billion for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Spectrum Sensitivity
By Detector Technology
By Cooling Requirement
By Product Type
By Region
To know more about delivery timeline for this report Contact Sales
According to estimates, the global spectroscopy IR detectors market was worth US$ 211 million by 2023.
Spectroscopy IR detector in 2023 is expected to generate an industry revenue of US$ 224.5 million.
Globally, the market for spectroscopy IR detectors is expected to reach US$ 399.0 million by 2033.
The spectroscopy IR detector market is expected to grow at a compound annual growth rate of 5.9% during the forecast period.
Spectroscopy IR detectors grew at a compound annual growth rate of 6.8% between 2018 and 2022, according to a report.
Indium gallium arsenide segments remain the detector technology category and are expected to expand with a CAGR of 5.7% by 2023.
Japanese spectroscopy IR detectors are forecast to grow at a CAGR of 5.4% over the forecast period.
