Infrared and Terahertz Spectroscopy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Infrared spectroscopy (IR spectroscopy) is a spectroscopy that combines the infrared region of the electromagnetic spectrum, air with a bigger wavelength and decreased amplitude than visible light. Terahertz radiation absorbs a relatively unexplored portion of the electromagnetic spectrum between the mid-infrared and microwave bands, contributing to the innovative sensing and imaging technologies that can provide information unavailable through methods such as microwave and X-ray techniques. THz sensing and imaging have impacted a broad range of interdisciplinary fields with the advancement of THz technologies, including chemical and biological detection and identification. In addition, THz radiation offers an opportunity for transformational advances in defense and security.

MARKET SCOPE

The "Global Infrared & Terahertz Spectroscopy Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the infrared & terahertz spectroscopy market with detailed market segmentation by spectrum, usability, technology, end use, and geography. The report provides key statistics on the market status of the leading infrared & terahertz spectroscopy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on spectrum, the global infrared & terahertz spectroscopy market is segmented into near-infrared radiation (nir), mid-infrared radiation (mir), far-infrared radiation (fir).
  
•  Based on usability, the global infrared & terahertz spectroscopy market is segmented into semiconductors, homeland security, non-destructive testing, research and development (biomedical)
  
•  Based on technology, the global infrared & terahertz spectroscopy market is segmented into benchtop, microscopy, portable and handheld, hyphenated
  
•  On the basis of end use, the market is segmented into Pharmaceuticals and biotechnology, industrial chemistry, food and beverage testing, environmental testing, other.
  

MARKET DYNAMICS

Drivers

•  Rise in the semiconductor industry.
  
•  Rise in the food safety concern.
  
•  Technological Advancements
  

Restraints

•  The high equipment cost is the major restraining factor for this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The infrared & terahertz spectroscopy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the infrared & terahertz spectroscopy market in these regions.

IMPACT OF COVID-19 ON INFRARED & TERAHERTZ SPECTROSCOPY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Infrared and Terahertz Spectroscopy Market Report Analysis

Infrared and Terahertz Spectroscopy Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Perkinelmer, Inc.
• Bruker Corporation.
• Thermo Fisher Scientific, Inc.
• Shimadzu Corporation
• Agilent Technologies, Inc.
• Horiba Ltd
• Foss.
• Jasco, Inc.
• Bayspec Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Spectrum

• Near-Infrared Radiation
• Mid-Infrared Radiation
• Far-Infrared Radiation

By Usability

• Semiconductors
• Homeland Security
• Non-Destructive Testing
• Research and Development

By Technology

• Benchtop
• Microscopy
• Portable and Handheld
• Hyphenated

By End Use

• Pharmaceuticals and Biotechnology
• Industrial Chemistry
• Food and Beverage Testing
• Environmental Testing

MARKET PLAYERS

The report covers key developments in the infrared & terahertz spectroscopy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from infrared & terahertz spectroscopy market are anticipated to lucrative growth opportunities in the future with the rising demand for infrared & terahertz spectroscopy in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the infrared & terahertz spectroscopy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Perkinelmer, Inc.
  
•  Bruker Corporation.
  
•  Thermo Fisher Scientific, Inc.
  
•  Shimadzu Corporation
  
•  Agilent Technologies, Inc.
  
•  Horiba Ltd
  
•  Foss.
  
•  Jasco, Inc.
  
•  Bayspec Inc.
  
•  Spectra Analysis Instruments Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Infrared and Terahertz Spectroscopy Report Scope