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.
What the Market Looks Like?
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%. 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.
On the basis of application, the infrared spectroscopy market is divided into food and beverage testing, pharmaceuticals & biotechnology, industrial chemistry, environmental testing, and others. In 2015, the pharmaceuticals & biotechnology segment is expected to account for the largest share of the market and grow at the highest rate.
The demand for terahertz and infrared spectroscopy systems has been on the rise due to growth in the semiconductors industry, rising use of THz spectroscopy in homeland security, and burgeoning requirements of the life sciences, pharmaceutical, and chemical industries. Various regulatory authorities across industries have enforced stringent safety regulations in order to ensure that the products launched in the market adhere to quality specifications. The use of terahertz and infrared spectroscopy technologies facilitate compliance with these regulations by enabling the measurement and monitoring of samples.
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What Drives the Market?
The growth of the global market for Terahertz and Infrared Spectroscopy is primarily influenced by the following factors:
- Increasing Applications of Terahertz Spectroscopy as A Screening Technique for Homeland Security
- Growing Semiconductor Industry
- Technological Advancements
- New International CGMP & CGDP Certification for Pharmaceutical Excipients
Geographical growth scenario of Terahertz and Infrared Spectroscopy Market:
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.
Leading Terahertz and Infrared Spectroscopy Market players and strategies adopted:
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).
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).
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This unique report on World Infrared Spectroscopy Market till 2025 presents quality data on the global market revenue, sales, growth rate and leading market players.
The supply chain analysis completes the Infrared Spectroscopy market understanding for a new entrant as well as existing players.
The import and export data along with consumption statistics from major countries is sure to enrich the strategists understanding of the market.Infrared Spectroscopy market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/24637-infrared-spectroscopy-market-analysis-report The Players mentioned in our reportThermo Fisher Scientific Inc.SHIMADZU CORPORATIONBÜCHIYOKOGAWAMetrohmHanonBrukerGlobal Infrared Spectroscopy Market: Product Segment AnalysisDiffraction grating NIR instrumentsFourier transform NIR instrumentsOthersGlobal Infrared Spectroscopy Market: Application Segment AnalysisPharmaceuticalFoodChemicalAgricultureOthersGlobal Infrared Spectroscopy Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaDownload Free Sample Report of World Infrared Spectroscopy Market @ https://www.decisiondatabases.com/contact/download-sample-24637 There are 10 Chapters to deeply display the World Infrared Spectroscopy market.Chapter 1 About the Infrared Spectroscopy Industry Chapter 2 World Market Competition LandscapeChapter 3 World Infrared Spectroscopy Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Infrared Spectroscopy Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Infrared Spectroscopy Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-24637 Other Reports by DecisionDatabases.com:World X-ray Photoelectron Spectroscopy (XPS) Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)World Raman Spectroscopy Market by Product Type, Market, Players and Regions-Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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