Infrared & Terahertz Spectroscopy Market Moving Towards A Brighter Future

1. MarketsandMarkets Presents Infrared & Terahertz Spectroscopy Market worth $1.3 billion by 2025 https://www.marketsandmarkets.com/Market-Reports/terahertz-infrared-spectroscopy-arket-248742550.html

2. The infrared spectroscopy market is expected to reach USD 1.3 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 5.2% during the forecast period. While the terahertz spectroscopy market is projected to reach USD 45 million by 2025 from USD 30 million in 2020, at a CAGR of 8.3%. "Infrared & Terahertz Spectroscopy Market by Instrument Type (Benchtop Instruments, Microscopy Instruments, Portable Instruments, Hyphenated Instruments), Spectrum, Application - Global Forecast to 2025" The growth in the infrared spectroscopy market is mainly driven by the stringent regulations in the pharmaceutical industry, increasing food safety concerns & technological advancements. However, the availability of used IR devices and technical limitations are expected to restrain the growth of this market during the forecast period. While the growth in the terahertz spectroscopy market is mainly by factors such as the growing semiconductor industry, increasing use of terahertz spectroscopy as a screening technique in homeland security and technological advancements, however high cost of equipment is likely to restrain the growth of this market. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownload

3. Objectives of the Study: • To define, describe, and forecast the infrared & terahertz spectroscopy market on the basis of instrument type, application, region and spectrum. • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints and opportunities) • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market. • To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders • To forecast the size of the infrared and terahetz spectroscopy market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) • To profile the key players and analyze their market shares and core competencies • To track and analyze competitive developments such as product launches & approvals; agreements, partnerships, & collaborations; expansions; and acquisitions in the infrared & terahertz spectroscopy market • To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst

4. Market Size Estimation • Both top-down and bottom-up approaches were used to estimate and validate the total size of the infrared & terahertz spectroscopy market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following: • The key players in the industry and markets have been identified through extensive secondary research • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources • Data Triangulation • After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the infrared & terahertz spectroscopy industry.

5. The prominent players in the global infrared spectroscopy market include PerkinElmer (US), Bruker Corporation (US) Shimadzu Corporation (US), Thermo Fisher Scientiific (US), Agilent Technologies (US). And the major players in the terahertz spectroscopy market include TeraView Ltd (UK), Advantest Corporation (Japan), Menlo Systems GmbH (Germany, TopticaPhotonix AG (Germany).

6. Company Insights Perkinelmer (US) is one of the the leading players in the global infrared spectroscopy market. The firm designs and manufactures products for the life science and pharmaceutical industries as well as for various applications, such as biotechnological applications, clinical and molecular diagnostics research, materials and chemical analysis, and government applications. The firm offers a wide range of products based on infrared spectroscopy technologies. In 2020, the company launched the DA 7350 Spectroscopy Instrument and Process Plus Cloud-based Software based on the NIR technology to provide continuous quality control for food and food ingredient manufacturing processes. Bruker Corporation (US) is another one of the major players in the Infrared spectroscopy market. The company designs and manufactures products that address customers’ needs in the life science and pharmaceutical industries. To further support its customers, the company focuses on developing and launching new products and provides well-equipped applications and demonstration facilities and qualified application personnel to assist customers and provide product demonstrations in specific application areas. In 2020, the company launched the OMEGA 5 FTIR Gas Analyzer. The OMEGA 5 is designed for applications like process monitoring, investigation of catalytic processes, and determination of gas impurities.

7. Contact Us Contact:Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Press release: https://www.marketsandmarkets.com/PressReleases/terahertz-infrared-spectroscopy.asp Research insights: https://www.marketsandmarkets.com/ResearchInsight/terahertz-infrared-spectroscopy-market.aspd

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