Terahertz and Infrared Spectroscopy Market | Latest Technological Advancements | Growing at a CAGR of 6.9%

Terahertz and Infrared Spectroscopy Market

Terahertz and Infrared Spectroscopy Market Terahertz and Infrared Spectroscopy Market

Pune, India, 2020-Apr-02 — /EPR Network/ —

The growth of the overall terahertz and infrared spectroscopy market can be contributed to rising investments, funds, and grants by government bodies worldwide, the growth of the semiconductor industry, and technological advancements. In addition, growing food safety concerns and stringent regulations have contributed to market growth.

The terahertz spectroscopy market is poised to reach USD 52.5 Million, growing at a CAGR of 21.3%, whereas the infrared spectroscopy market is poised to reach USD 1.25 Billion, growing at a CAGR of 6.9%.

Market Growth Drivers:

  • Increasing Applications of Terahertz Spectroscopy as A Screening Technique for Homeland Security.
  • Growing Semiconductor Industry
  • Growing Food Safety Concerns
  • New International CGMP & CGDP Certification for Pharmaceutical Excipients
  • Increasing Government Investments in Infrared Spectroscopy Technologies

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Industry Segmentation in Detailed:

By application, the THz spectroscopy market comprises semiconductors, homeland security, research and development, and non-destructive testing. The semiconductor segment is estimated to account for the largest share of the THz spectroscopy market and expected to grow at the highest rate during the forecast period.

By technology, the infrared spectroscopy market comprises benchtop, microscopy, portable & handheld, and hyphenated. The benchtop segment is estimated to account for the largest share of the infrared spectroscopy market, while the portable & handheld segment is expected to grow at the highest rate during the forecast period.

By spectrum, the infrared spectroscopy market comprises near-infrared, mid-infrared, and far-infrared. The mid-infrared segment is estimated to account for the largest share of the THz spectroscopy market and the far-infrared segment is expected to grow at the highest rate during the forecast period.

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Geographical Analysis & Major Key Players:

Terahertz and Infrared Spectroscopy Market, by Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

The major players in this market include TeraView, Ltd. (U.S.), Menlo Systems GmbH (Germany), Toptica Photonix AG (Germany), Advanced Photonix, Inc. (U.S.), and Advantest Corporation (Japan).

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