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Global terahertz and infrared spectroscopy market insights shared in detailed report

Industrial Market Research

Infrared spectroscopy involves the interaction of infrared radiation with matter by covering covers a range of techniques, majorly based on absorption spectroscopy.

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The Global Terahertz Spectroscopy Market is accounted for USD 24.25 million in 2016 growing at a CAGR of 21.3% during the forecast period of 2017 to 2024 whereas the infrared spectroscopy market is accounted for USD 957.19 million in 2016 growing at a CAGR of 6.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition:

The Terahertz spectroscopy detects as well as controls various properties of matter with electromagnetic fields having frequency range between a few 100 GHz and several terahertz. 

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Major market drivers and restraints:

  • Increasing number of applications of terahertz spectroscopy in homeland security
  • Technological advancements and new product launches
  • Due to rising semiconductor industry, Pharma and biotech research
  • High instrument costs

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Market Segmentation:

  • By product type, global infrared spectroscopy market is segmented into benchtop, microscopy, portable & handheld and hyphenated.
  • On the basis of spectrum, global infrared spectroscopy market is segmented into near-infrared radiation, mid-infrared radiation and far-infrared radiation.
  • Based on applications, global infrared spectroscopy market is segmented into pharmaceuticals & biotechnology, food & beverage testing, environmental testing, industrial chemistry, petrochemicals and others. Whereas, global terahertz spectroscopy market is segmented into semiconductors, biomedical industries, non-destructive testing, homeland security and other applications.
  • On the basis of geography, global terahertz and infrared spectroscopy market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis:

The global terahertz and infrared spectroscopy market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of terahertz and infrared for global, Europe, North America, Asia Pacific and South America.

Top Competitors:

  • Luna,
  • TOPTICA Photonics AG,
  • TeraView,
  • Agilent Technologies,
  • Shimadzu Analytical (India) Pvt. Ltd.,
  • PerkinElmer Inc.,
  • Bruker,
  • Thermo Fisher Scientific,
  • Menlo Systems GmbH,
  • ABB,
  • Princeton Instruments,

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