Global THz spectroscopy market is segmented on the basis of application and region. By application, the THz spectroscopy market comprises semiconductors, homeland security, research and development, and non-destructive testing.
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The terahertz spectroscopy market is expected to reach USD 52.5 million in 2020 from USD 20.0 million in 2015 at a CAGR of 21.30%,
whereas the infrared spectroscopy market is expected to reach USD 1.25 billion in 2020 from USD 0.90 billion in 2015 at a CAGR of 6.9%.
Over the years, the market has witnessed various technological advancements that have expanded the application horizons of terahertz and infrared spectroscopy. Some of these applications are drug discovery and development, metabolomics, and diagnostics.
However, the high cost of instruments is hindering market growth.
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In 2015, the semiconductor segment is expected to account for the largest share of the global terahertz spectroscopy market, by application, while the pharmaceutical and biotechnology segment is expected to account for the largest share of the infrared spectroscopy market, by application.
In 2015, North America is expected to account for the largest share of the global terahertz and infrared spectroscopy market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the terahertz and infrared spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region.
The high growth in this region can be attributed to government support, increased funding, and collaborations with established market players.
Report on Terahertz and Infrared Spectroscopy Market 2017-2020 spreads across 163 pages profiling 10 companies and supported with 73 tables and 43 figures available at www.reportsnreports.com/contacts/d…e=512110
*Top 10 Companies Analysed for This Study are
(Overview, Financials, Products & Services, Strategy, & Developments)*- Teraview Ltd, Menlo Systems Gmbh, Advantest Corporation, Advanced Photonix, Inc., Toptica Photonix Ag, Thermo Fisher Scientific, Inc., Bruker Corporation, Perkinelmer, Inc., Shimadzu Corporation, Agilent Technologies, Inc.*Details on Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
Similarly, the report segments the THz spectroscopy market based on spectrum, technology, and applications. The mid-infrared spectroscopy segment is expected to account for the largest share of the THz spectroscopy market, by spectrum, in 2015, while the far-infrared segment is expected to grow at the highest CAGR.
In addition, the benchtop segment is expected to account for the largest share of the infrared spectroscopy market, by technology, in 2015, while the portable & handheld is expected to grow at the highest CAGR.
Key point from table of content
6 Terahertz Spectroscopy Market, By Application
6.3 Homeland Security
7 Infrared Spectroscopy Market, By Spectrum
7.2 Near-Infrared Radiation (NIR)
7.3 Mid-Infrared Radiation (MIR)
8 Infrared Spectroscopy Market, By Technology
9 Infrared Spectroscopy Market, By Application
9.2 Pharmaceuticals & Biotechnology
9.3 Industrial Chemistry
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