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Terahertz and Infrared Spectroscopy Market

Terahertz and Infrared Spectroscopy Market

PUNE, India, 2020-Jun-03 — /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. In the coming years, the terahertz and infrared spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region. North America is expected to account for the largest share of the global terahertz and infrared spectroscopy market. However, the high cost of equipment is likely to restrain the growth of the market during the forecast period.

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%, during the forecast period.

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Market Segmentation in Depth:

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.

The global THz spectroscopy market is segmented on the basis of spectrum, technology, application, and region. By spectrum, the infrared spectroscopy market comprises near-infrared, mid-infrared, and far-infrared. 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.

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.

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On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2015, North America is expected to account for the largest share of the infrared spectroscopy market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serve as a revenue pocket for companies offering infrared spectroscopy equipment.

Some major players in the global infrared spectroscopy market include Agilent Technologies (U.S.), PerkinElmer (U.S.), Thermo Fisher Scientific (U.S.), Bruker Corporation (U.S.), and Shimadzu Corporation (Japan).

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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