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.
The terahertz and infrared spectroscopy market report clearly explains what market definition, classifications, applications, engagements and market trends are for the analytical instruments industry. This market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This global terahertz and infrared spectroscopy market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Analysis and estimation of important industry trends, market size, and market share are mentioned in the terahertz and infrared spectroscopy market report.
Additionally, this terahertz and infrared spectroscopy market report comprises of vital aspects of the market that contains industry research, market sizing & forecast, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment. By attaining an actionable market insight via this market research report, sustainable and profitable business strategies can be built. All the data and information involved in this report is taken from incredibly trustworthy sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. Also, before presenting it to the end users, all the information is assessed and validated by the expert team members.
Major Market Competitors: Global Terahertz and Infrared Spectroscopy Market
Some of the major players operating in global terahertz and infrared spectroscopy market are Luna, TOPTICA Photonics AG, TeraView, Agilent Technologies, Shimadzu Analytical (India) Pvt. Ltd., PerkinElmer Inc., ADVANTEST CORPORATION, Bruker, Thermo Fisher Scientific, Menlo Systems GmbH, ABB, Princeton Instruments, JASCO among others.
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
TABLE OF CONTENTS
5.Global, By Component
Market Segmentation: Global Terahertz and Infrared Spectroscopy Market
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.
Competitive Analysis: Global Terahertz and Infrared Spectroscopy Market
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.
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All segmentation provided above in this report is represented at country level
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