$1.99 Billion IR Spectroscopy Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Technology, Product Type, and End user, Geography - ResearchAndMarkets.com
Retrieved on:
Wednesday, May 19, 2021
High cost involved in the development of IR spectroscopes is one of the significant challenges faced by IR spectroscopes manufacturers.
Key Points:
- High cost involved in the development of IR spectroscopes is one of the significant challenges faced by IR spectroscopes manufacturers.
- Thus, high price, availability of used spectroscopes, and less average life span might hamper the IR spectroscopy market.\nThe IR spectroscopy market is segmented into technology, product type, end user, and geography.
- Based on product type, the market is segmented into benchtop spectroscopes, micro spectroscopes, portable spectroscopes, and hyphenated spectroscopes.\nIn 2020, the benchtop spectroscopes segment accounted for a substantial share in the global IR spectroscopy market.
- A sharp decline in the growth of mentioned industrial activities is impacting the growth of the global IR spectroscopy market as they are the major supply and demand sources for IR spectroscopy products and solutions.