The global Terahertz and Infrared Spectroscopy Market was valued at USD 6.71 billion in 2016 and is projected to reach USD 14.12 billion by 2025, growing at a CAGR of 11.3% from 2017 to 2025.
Terahertz spectroscopy detects and controls properties of matter with electromagnetic fields that are in the frequency range between a few hundred gigahertzes and several terahertzes (abbreviated as THz). In many-body systems, several of the relevant states have an energy difference that matches with the energy of a THz photon. Therefore, THz spectroscopy provides a particularly powerful method in resolving and controlling individual transitions between different many-body states.
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1. Market Drivers
1.1 Increasing applications of terahertz spectroscopy in security systems
1.2 Growingusage of semiconductors
1.3 Growing technological developments
2. Market Restraints
2.1 High cost of equipment
1. Global Terahertz and Infrared Spectroscopy Market, by Spectrum:
1.1 Near-Infrared Radiation (NIR)
1.2 Mid-Infrared Radiation (MIR)
1.3 Far-Infrared Radiation (FIR)
2. Global Terahertz and Infrared Spectroscopy Market, by Application:
2.2 Homeland Security
2.3 Non-Destructive Testing
2.4 Research & Development (Biomedical)
3. Global Terahertz and Infrared Spectroscopy Market, by Technology:
3.3 Portable & Handheld
4. Global Terahertz and Infrared Spectroscopy Market, by Industry based Applications:
4.1 Pharmaceuticals & Biotechnology
4.2 Industrial Chemistry
4.3 Food & Beverage Testing
4.4 Environmental Testing
4.5 Other Applications
5. Global Terahertz and Infrared Spectroscopy Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Teraview Ltd
2. Menlo Systems Gmbh
3. Advantest Corporation
4. Advanced Photonix, Inc.
5. TopticaPhotonix Ag
6. Thermo Fisher Scientific, Inc.
7. Bruker Corporation
8. Perkinelmer, Inc.
9. Shimadzu Corporation
10. Agilent Technologies, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF Kenneth MARKET RESEARCH:
Research study on the Terahertz and Infrared Spectroscopy Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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