Infrared & Terahertz Spectroscopy Market

Infrared & Terahertz Spectroscopy Market by Instrument Type (Benchtop Instruments, Microscopy Instruments, Portable Instruments, Hyphenated Instruments), Spectrum, Application - Global Forecast to 2025

Report Code: BT 4172 Jan, 2021, by marketsandmarkets.com

[182 Pages Report] 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. Growth in the market can primarily be attributed to factors such as stringent regulations in the pharmaceutical industry, growing food safety concerns, increasing government in Infrared technologies and technological advancements in the market.

The terahertz spectroscopy market is expected to reach USD 45 million by 2025 from USD 30 million in 2020, at a CAGR of 8.3% during the forecast period. Growth in the market can primarily be attributed to factors such as increasing applications of terahertz spectroscopy as a  screening technique in homeland security, growing semiconductor industry and technological advancements.

Infrared & Terahertz Spectroscopy Market

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Impact of Covid-19 on the infrared & terahertz spectroscopy market.

The COVID-19 outbreak has upended many lives and businesses on an unprecedented scale. The rising prevalence of coronavirus disease has driven the demand for accurate diagnosis and treatment

devices in several countries across the globe. The COVID-19 pandemic has created ample opportunities for the IR spectroscopy market. Companies are developing software that provides automatic measurement tools that perform elevated skin temperature screenings of individuals in two seconds or less at entries, checkpoints, and other high-traffic areas while maintaining recommended social distancing guidelines.

Apart from infrared spectroscopy, researchers are also increasingly using terahertz spectroscopy as a potential tool for detecting the virus.  Owing to these advantages the market has witnessed significant growth.

Market Dynamics for Infrared & Terahertz Spectroscopy

Terahertz Spectroscopy

Drivers: Growing semiconductor industry

Terahertz spectroscopy is widely used for developing and testing semiconductor materials and for detecting faults in circuits. The ability to detect and quantify charge carriers is expected to create avenues for using the terahertz technology in semiconductors. In recent years, advanced terahertz spectrometers have enabled the non-destructive rapid isolation of semiconductor packages within a few hours. The growing semiconductor industry, coupled with the rising usage of terahertz spectroscopy in semiconductor applications, is expected to drive the growth of this market in the coming years.

Restraints : High equipment costs

Terahertz spectroscopy instruments are equipped with incredibly advanced features and functionalities and are, hence, quite expensive. The cost of a new instrument differs in accordance with the applications. Over the years, technological advancements and commercialization of these instruments have lowered the price, especially for pharmaceutical and biomedical applications. However, instruments used for industrial applications like semiconductor and non-destructive testing are still relatively higher priced. Since industrial applications are one of the most important applied markets for terahertz spectroscopy, high equipment costs restrict purchases of these instruments, affecting the market growth.

Opportunities: Potential applications of terahertz spectroscopy in healthcare

Rapid advances in technology have demonstrated the capability of terahertz spectroscopy in various healthcare applications. The focus on using terahertz spectroscopy in biomedical applications has increased rapidly, and several studies are being conducted to investigate its potential applications in pharmaceutical quality control, protein characterization, and cancer detection. T-rays are non-invasive and non-ionizing and can be focused harmlessly on the body to capture signs of cancer. Due to these advantages, terahertz spectroscopy is used in several cancer-related research activities.

Infrared Spectroscopy

Drivers: Growing food safety concerns

Infrared spectroscopy is one of the most commonly used analytical techniques in quality testing and quality control of food. Food contamination is one of the biggest concerns worldwide, with more than 200 types of diseases caused by the consumption of unsafe food every year [Source: World Health Organization (WHO)]. Diarrheal diseases are the most common illnesses caused due to the consumption of contaminated food, and it is estimated that 600 million people (1 in every ten people in the world) fall sick from the consumption of contaminated food and 420,000 die every year [Source: World Health Organization (WHO)]. Food safety is thus a major concern for governments across the globe.

Restraints: Availability of used IR devices

IR spectroscopy devices have a life span of around 5–7 years on average, and these products are expensive. It is also observed that the ASP of these products has increased slightly in the lastfew years because of various technological advancements.Currently, several used spectroscopy devices are available for resale; it has been observed that some industry segments prefer used devices instead of buying new ones. This would hamper the growth of the IR spectroscopy market.

Opportunities Growing opportunities in emerging nations

As compared to mature markets such as the US and Europe, emerging markets such as China and India are expected to provide significant growth opportunities for players operating in this market. Huge demand for spectroscopy is generated from China and India due to the Greenfield projects set up in various end-user industries in these countries. The life sciences industry in this region is also quite robust and is expected to contribute significantly to the growth of the infrared spectroscopy market in the coming years.

The terahertz spectroscopy market is projected to grow at a CAGR of 8.3%.

The terahertz spectroscopy market is expected to reach USD 45 million by 2025 from USD 30 million in 2020, at a CAGR of 8.3% during the forecast period. Growth in the market can primarily be attributed to factors such as increasing applications of terahertz spectroscopy as a  screening technique in homeland security, growing semiconductor industry and technological advancements.

The Infrared Spectroscopy market is projected to grow at a CAGR of 5.2%

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. Growth in the market can primarily be attributed to factors such as stringent regulations in the pharmaceutical industry, growing food safety concerns, increasing government in Infrared technologies and technological advancements in the market.

The benchtop segment to hold the largest market share in 2020.

Based on instrument type, the infrared spectroscopy market is segmented into benchtop instruments, portable instruments, microscopy instruments and hyphenated instruments. In 2020, the benchtop instruments segment is expected to command the largest share of the infrared spectroscopy market. The large share of this segment can be attributed to the advantages offered by benchtop instruments such as improved workflow, minimum space requirements, and fewer maintenance requirements

The pharmaceutical and biotechnology applications  segment to hold the largest market share in 2020.

Based on the applications, the infrared spectroscopy market is segmented into food & beverage testing, pharmaceutical & biotechnology applications, industrial chemistry applications, environmental testing, and other applications (academic applications, forensic applications, biomonitoring, and agricultural applications). In 2020, the pharmaceutical and biotechnology applications segment to command the largest share of the infrared spectroscopy market. The large share of this segment can be attributed to the stringent regulations in the pharmaceutical industry.

The mid-infrared radiation segment to hold the largest market share in 2020.

Based on spectrum, the infrared spectroscopy market is segmented into mid-infrared radiation, near-infrared radiation and far-infrared radiation. In 2020, the mid-infrared radiation segment is expected to command the largest share of the infrared spectroscopy market. The increase in the number of healthcare and pharmaceuticals applications and extensive usage in the food industry are driving the growth of this segment.

The semiconductor segment to hold the largest market share in 2020.

Based on application, the terahertz spectroscopy market is segmented into semiconductor, homeland security, non-destructive testing and research & development. In 2020, the semiconductor segment is expected to command the largest share of the terahertz spectroscopy market. Technologicala dvancements in the growing semiconductor industry is the major factor riving the growth of this segment.

Infrared & Terahertz Spectroscopy Market   by Region

The Asia Pacific region to witness the highest growth during the forecast period.

Geographically, North America dominated the global infrared & terahertz spectroscopy market in 2020. However, the Asia Pacific market is expected to register the highest during the forecast period. The major factors driving the growth of the Asia Pacific market include strategic expansions by key players, increasing food safety concerns and adoption of technologically advanced products.

Key Market Players

Bruker Corporation (US), Agilent Technologies (US), Shimadzu Corporation (Japan), PerkinElmer (US), Thermo Fisher Scientific (US), FOSS (Denmark), HORIBA Ltd. (Japan), Teledyne Princeton Instruments (US), JASCO, Inc. (US), BaySpec (US), Spectra Analysis instruments (US), TeraView Ltd (UK), Microtech Instruments (US), EKSPLA (Lithuania), HάBNER GmbH (Germany), and BATOP GmbH (Germany), Menlo Systems GmbH (Germany), Toptica Photonix AG (Germany), Advanced Photonix, Inc. (U.S.), and Advantest Corporation (Japan).

Recent Developments:

  • In 2020, Bruker Corporation Launched the OMEGA 5 FTIR Gas Analyzer. The OMEGA 5 is designed for applications like process monitoring, the investigation of catalytic processes, or the determination of gas impurities
  • In 2020, Advantest Corporation (Japan) Launched the Time-Domain Reflectometry (TDR) option for its TS9001 system.
  • In 2019, PerkinElmer (US) acquired China based Meizheng group to expand its portfolio for the grain and milling, dairy, meat, and seafood markets

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
    1.4 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA
           FIGURE 1 RESEARCH DESIGN
    2.2 SECONDARY DATA
           2.2.1 SECONDARY RESEARCH
    2.3 KEY DATA FROM SECONDARY SOURCES
    2.4 PRIMARY DATA
           FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,  AND REGION
    2.5 KEY INSIGHTS FROM PRIMARY SOURCES
    2.6 MARKET SIZE ESTIMATION METHODOLOGY
           FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.7 REVENUE MAPPING-BASED MARKET ESTIMATION
           FIGURE 4 REVENUE-BASED MAPPING
    2.8 DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION METHODOLOGY
    2.9 ASSUMPTIONS FOR THE STUDY
    2.1 COVID-19-SPECIFIC ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 36)
           FIGURE 6 INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2020 VS. 2025 (USD MILLION)
           FIGURE 7 INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2020 VS. 2025 (USD MILLION)
           FIGURE 8 INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2020 VS. 2025 (USD MILLION)
           FIGURE 9 TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION,  2020 VS. 2025 (USD MILLION)
           FIGURE 10 INFRARED SPECTROSCOPY MARKET: GEOGRAPHIC SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 40)
    4.1 INFRARED SPECTROSCOPY MARKET OVERVIEW
           FIGURE 11 APPLICATIONS IN PHARMACEUTICAL ANALYSIS AND TECHNOLOGICAL ADVANCEMENTS ARE PROPELLING THE IR SPECTROSCOPY MARKET
    4.2 TERAHERTZ SPECTROSCOPY MARKET OVERVIEW
           FIGURE 12 APPLICATIONS IN NON-DESTRUCTIVE TESTING AND TECHNOLOGICAL ADVANCEMENTS ARE PROPELLING THE TERAHERTZ SPECTROSCOPY MARKET
    4.3 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM & COUNTRY (2019)
           FIGURE 13 MID-INFRARED RADIATION ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN INFRARED SPECTROSCOPY MARKET IN 2019
    4.4 INFRARED SPECTROSCOPY MARKET SHARE, BY INSTRUMENT TYPE, 2020 VS. 2025
           FIGURE 14 BENCHTOP INSTRUMENTS WILL CONTINUE TO DOMINATE THE INFRARED SPECTROSCOPY MARKET IN 2025
    4.5 INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2020 VS. 2025
           FIGURE 15 MID-INFRARED RADIATION SEGMENT WILL CONTINUE TO DOMINATE THE INFRARED SPECTROSCOPY MARKET IN 2025
    4.6 TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION,  2020 VS. 2025
           FIGURE 16 SEMICONDUCTORS APPLICATION SEGMENT WILL CONTINUE TO DOMINATE THE TERAHERTZ SPECTROSCOPY MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 44)
    5.1 TERAHERTZ SPECTROSCOPY
           5.1.1 INTRODUCTION
           FIGURE 17 MARKET DYNAMICS: DRIVERS, RESTRAINTS, AND OPPORTUNITIES IN THE TERAHERTZ SPECTROSCOPY MARKET
           5.1.2 DRIVERS
                    5.1.2.1 Increasing applications of terahertz spectroscopy as a screening technique for homeland security
                    5.1.2.2 Growing semiconductor industry
                    5.1.2.3 Technological advancements
           5.1.3 RESTRAINTS
                    5.1.3.1 High equipment costs
           5.1.4 OPPORTUNITIES
                    5.1.4.1 Potential applications of terahertz spectroscopy in healthcare
    5.2 INFRARED SPECTROSCOPY
           5.2.1 INTRODUCTION
           FIGURE 18 MARKET DYNAMICS: DRIVERS, RESTRAINTS, AND OPPORTUNITIES IN THE INFRARED SPECTROSCOPY MARKET
           5.2.2 DRIVERS
                    5.2.2.1 Stringent regulations in the pharmaceutical industry
                    5.2.2.2 Growing food safety concerns
                    5.2.2.3 Increasing government investments in infrared spectroscopy technologies
                    5.2.2.4 Technological advancements
           5.2.3 RESTRAINTS
                    5.2.3.1 Technical limitations of IR spectroscopy
                    5.2.3.2 Availability of used IR devices
           5.2.4 OPPORTUNITIES
                    5.2.4.1 Growing opportunities in emerging nations
                    5.2.4.2 Adoption of NIR spectroscopy in seed detection
                    5.2.4.3 Growing proteomics market
    5.3 IMPACT OF COVID-19 ON THE TERAHERTZ AND INFRARED SPECTROSCOPY MARKET
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 19 VALUE CHAIN ANALYSIS (IR SPECTROSCOPY): MAJOR VALUE IS ADDED DURING THE MANUFACTURING & ASSEMBLY PHASES
           5.4.1 RESEARCH & PRODUCT DEVELOPMENT
           5.4.2 MANUFACTURING & ASSEMBLY
           5.4.3 DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES
    5.5 SUPPLY CHAIN ANALYSIS
           5.5.1 PROMINENT COMPANIES
           5.5.2 SMALL AND MEDIUM-SIZED ENTERPRISES
           5.5.3 END USERS
           FIGURE 20 DISTRIBUTION (IR SPECTROSCOPY)—A STRATEGY PREFERRED  BY PROMINENT COMPANIES
           FIGURE 21 ECOSYSTEM ANALYSIS OF THE INFRARED SPECTROSCOPY MARKET
    5.6 REGULATORY GUIDELINES IN THE TERAHERTZ AND INFRARED SPECTROSCOPY MARKET
    5.7 AVERAGE SELLING PRICE TREND (INFRARED SPECTROSCOPY)
           FIGURE 22 ASP TREND (2017–2025)
    5.8 PORTER’S FIVE FORCES ANALYSIS (INFRARED SPECTROSCOPY)
           FIGURE 23 PORTER’S FIVE FORCES ANALYSIS FOR THE INFRARED SPECTROSCOPY MARKET
           5.8.1 INTRODUCTION
           TABLE 1 IMPACT OF EACH FORCE ON THE MARKET
           5.8.2 BARGAINING POWER OF BUYERS
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 THREAT FROM NEW ENTRANTS
           5.8.5 THREAT FROM SUBSTITUTES
           5.8.6 INTENSITY OF COMPETITIVE RIVALRY

6 INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE (Page No. - 60)
    6.1 INTRODUCTION
           TABLE 2 INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE, 2018–2025 (USD MILLION)
           6.1.1 BENCHTOP INSTRUMENTS
                    6.1.1.1 Ease of use and convenience of benchtop instruments to drive their demand
           TABLE 3 INFRARED SPECTROSCOPY MARKET FOR BENCHTOP INSTRUMENTS, BY REGION,  2018–2025 (USD MILLION)
           TABLE 4 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR BENCHTOP INSTRUMENTS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 5 APAC: INFRARED SPECTROSCOPY MARKET FOR BENCHTOP INSTRUMENTS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 6 EUROPE: INFRARED SPECTROSCOPY MARKET FOR BENCHTOP INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           6.1.2 MICROSCOPY INSTRUMENTS
                    6.1.2.1 Emergence of microscopy instruments as powerful tools in tissue engineering to drive market growth
           TABLE 7 INFRARED SPECTROSCOPY MARKET FOR MICROSCOPY INSTRUMENTS, BY REGION, 2018–2025 (USD MILLION)
           TABLE 8 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR MICROSCOPY INSTRUMENTS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 9 EUROPE: INFRARED SPECTROSCOPY MARKET FOR MICROSCOPY INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 10 APAC: INFRARED SPECTROSCOPY MARKET FOR MICROSCOPY INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           6.1.3 PORTABLE INSTRUMENTS
                    6.1.3.1 Unique applications offered by portable spectrometers to drive market growth
           TABLE 11 INFRARED SPECTROSCOPY MARKET FOR PORTABLE INSTRUMENTS, BY REGION,  2018–2025 (USD MILLION)
           TABLE 12 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR PORTABLE INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 13 APAC: INFRARED SPECTROSCOPY MARKET FOR PORTABLE INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 14 EUROPE: INFRARED SPECTROSCOPY MARKET FOR PORTABLE INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           6.1.4 HYPHENATED INSTRUMENTS
                    6.1.4.1 Advancements in hyphenated spectrometers have widened the applications of these instruments in various industries
           TABLE 15 INFRARED SPECTROSCOPY MARKET FOR HYPHENATED INSTRUMENTS, BY REGION, 2018–2025 (USD MILLION)
           TABLE 16 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR HYPHENATED INSTRUMENTS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 17 APAC: INFRARED SPECTROSCOPY MARKET FOR HYPHENATED INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 18 EUROPE: INFRARED SPECTROSCOPY MARKET FOR HYPHENATED INSTRUMENTS,  BY COUNTRY, 2018–2025 (USD MILLION)

7 INFRARED SPECTROSCOPY MARKET, BY SPECTRUM (Page No. - 69)
    7.1 INTRODUCTION
           TABLE 19 INFRARED SPECTROSCOPY MARKET, BY SPECTRUM, 2018–2025 (USD MILLION)
           7.1.1 NEAR-INFRARED RADIATION (NIR)
                    7.1.1.1 Various applications of NIR in different industries to drive market growth
           TABLE 20 NEAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY REGION,  2018–2025 (USD MILLION)
           TABLE 21 NORTH AMERICA: NEAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 22 APAC: NEAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 23 EUROPE: NEAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           7.1.2 MID-INFRARED RADIATION (MIR)
                    7.1.2.1 Growing use of mid-infrared radiation in the food industry to drive market growth
           TABLE 24 MID-INFRARED RADIATION SPECTROSCOPY MARKET, BY REGION,  2018–2025 (USD MILLION)
           TABLE 25 NORTH AMERICA: MID-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 26 APAC: MID-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 27 EUROPE: MID-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           7.1.3 FAR-INFRARED RADIATION (FIR)
                    7.1.3.1 High demand for far-infrared technology in healthcare & pharmaceutical applications to drive market growth
           TABLE 28 FAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY REGION,  2018–2025 (USD MILLION)
           TABLE 29 NORTH AMERICA: FAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION
           TABLE 30 APAC: FAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 31 EUROPE: FAR-INFRARED RADIATION SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION

8 INFRARED SPECTROSCOPY MARKET, BY APPLICATION (Page No. - 77)
    8.1 INTRODUCTION
           TABLE 32 INFRARED SPECTROSCOPY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           8.1.1 PHARMACEUTICAL & BIOTECHNOLOGY APPLICATIONS
                    8.1.1.1 Increasing use of infrared spectroscopy in different pharmaceutical & biotechnology applications to drive growth
           TABLE 33 INFRARED SPECTROSCOPY MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)
           TABLE 34 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 35 APAC: INFRARED SPECTROSCOPY MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 36 EUROPE: INFRARED SPECTROSCOPY MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)
           8.1.2 INDUSTRIAL CHEMISTRY APPLICATIONS
                    8.1.2.1 Increasing use of infrared spectroscopy in determining the molecular structure of compounds to drive market growth
           TABLE 37 INFRARED SPECTROSCOPY MARKET FOR INDUSTRIAL CHEMISTRY APPLICATIONS,  BY REGION, 2018–2020 (USD MILLION)
           TABLE 38 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR INDUSTRIAL CHEMISTRY APPLICATIONS, BY COUNTRY, 2018–2020 (USD MILLION)
           TABLE 39 APAC: INFRARED SPECTROSCOPY MARKET FOR INDUSTRIAL CHEMISTRY APPLICATIONS, BY COUNTRY, 2018–2020 (USD MILLION)
           TABLE 40 EUROPE: INFRARED SPECTROSCOPY MARKET FOR INDUSTRIAL CHEMISTRY APPLICATIONS, BY COUNTRY, 2018–2020 (USD MILLION)
           8.1.3 FOOD & BEVERAGE TESTING
                    8.1.3.1 Growing use of infrared spectroscopy in determining the quality of food items and beverages to drive market growth
           TABLE 41 INFRARED SPECTROSCOPY MARKET FOR FOOD & BEVERAGE TESTING, BY REGION, 2018–2025 (USD MILLION)
           TABLE 42 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR FOOD & BEVERAGE TESTING,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 43 APAC: INFRARED SPECTROSCOPY MARKET FOR FOOD & BEVERAGE TESTING,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 44 EUROPE: INFRARED SPECTROSCOPY MARKET FOR FOOD & BEVERAGE TESTING,  BY COUNTRY, 2018–2025 (USD MILLION)
           8.1.4 ENVIRONMENTAL TESTING
                    8.1.4.1 Growing use of infrared spectroscopy instruments to analyze toxic compounds in the environment to drive market growth
           TABLE 45 INFRARED SPECTROSCOPY MARKET FOR ENVIRONMENTAL TESTING, BY REGION,  2018–2025 (USD MILLION)
           TABLE 46 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR ENVIRONMENTAL TESTING, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 47 APAC: INFRARED SPECTROSCOPY MARKET FOR ENVIRONMENTAL TESTING, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 48 EUROPE: INFRARED SPECTROSCOPY MARKET FOR ENVIRONMENTAL TESTING,  BY COUNTRY, 2018–2025 (USD MILLION)
           8.1.5 OTHER APPLICATIONS
           TABLE 49 INFRARED SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY REGION,  2018–2025 (USD MILLION)
           TABLE 50 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET FOR OTHER APPLICATIONS,  BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 51 APAC: INFRARED SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 52 EUROPE: INFRARED SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)

9 TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION (Page No. - 89)
    9.1 INTRODUCTION
           TABLE 53 TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
    9.2 SEMICONDUCTORS
           9.2.1 INCREASING TECHNOLOGICAL ADVANCEMENTS TO DRIVE THE MARKET GROWTH
           TABLE 54 TERAHERTZ SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATIONS,  BY REGION, 2018–2025 (USD MILLION)
    9.3 HOMELAND SECURITY
           9.3.1 BETTER PENETRATION CAPABILITIES OF TERAHERTZ SPECTROSCOPY TO DRIVE GROWTH IN VARIOUS HOMELAND SECURITY APPLICATIONS
           TABLE 55 TERAHERTZ SPECTROSCOPY MARKET FOR HOMELAND SECURITY APPLICATIONS,  BY REGION, 2018–2025 (USD MILLION)
    9.4 NON-DESTRUCTIVE TESTING
           9.4.1 INCREASING USE OF TERAHERTZ SPECTROSCOPY AS A SCREENING TECHNIQUE TO DRIVE GROWTH
           TABLE 56 TERAHERTZ SPECTROSCOPY MARKET FOR NON-DESTRUCTIVE TESTING APPLICATIONS,  BY REGION, 2018–2025 (USD MILLION)
    9.5 RESEARCH & DEVELOPMENT
           9.5.1 CONTINUOUS DEVELOPMENT IN BIOMEDICAL APPLICATIONS TO BOOST THE MARKET
           TABLE 57 TERAHERTZ SPECTROSCOPY MARKET FOR RESEARCH & DEVELOPMENT APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)

10 TERAHERTZ AND INFRARED SPECTROSCOPY MARKET, BY REGION (Page No. - 95)
     10.1 INTRODUCTION
           TABLE 58 TERAHERTZ SPECTROSCOPY MARKET, BY REGION, 2018–2025 (USD MILLION)
           TABLE 59 INFRARED SPECTROSCOPY MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.2 NORTH AMERICA
           FIGURE 24 NORTH AMERICA: TERAHERTZ AND INFRARED SPECTROSCOPY MARKET SNAPSHOT
           TABLE 60 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 61 NORTH AMERICA: TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 62 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 63 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 64 NORTH AMERICA: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.2.1 US

           TABLE 65 US: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 66 US: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 67 US: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Funding for innovation-based research to drive the Canadian terahertz and infrared spectroscopy market
           TABLE 68 CANADA: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 69 CANADA: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 70 CANADA: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
     10.3 EUROPE
           TABLE 71 EUROPE: INFRARED SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 72 EUROPE: TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 73 EUROPE: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 74 EUROPE: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 75 EUROPE: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Rising usage of infrared spectroscopy for food authenticity testing in the UK to drive market growth
           TABLE 76 UK: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM, 2018–2025 (USD MILLION)
           TABLE 77 UK: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 78 UK: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Favorable funding scenario in Germany to boost the adoption of terahertz and infrared spectroscopy
           TABLE 79 GERMANY: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 80 GERMANY: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 81 GERMANY: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.3.3 ITALY
                        10.3.3.1 Advancements in the biotechnology and pharmaceutical industries in Italy to boost the market
           TABLE 82 ITALY: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 83 ITALY: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 84 ITALY: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.3.4 FRANCE
                        10.3.4.1 Increasing investments in infrastructure development to drive market growth
           TABLE 85 FRANCE: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 86 FRANCE: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 87 FRANCE: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.3.5 ROE
           TABLE 88 ROE: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 89 ROE: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 90 ROE: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
     10.4 ASIA PACIFIC
           FIGURE 25 ASIA PACIFIC: TERAHERTZ AND INFRARED SPECTROSCOPY MARKET SNAPSHOT
           TABLE 91 ASIA PACIFIC: INFRARED SPECTROSCOPY MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 92 ASIA PACIFIC: TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 93 ASIA PACIFIC: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 94 ASIA PACIFIC: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 95 ASIA PACIFIC: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Strategic expansions by key players in china to boost the growth of the infrared spectroscopy market
           TABLE 96 CHINA: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 97 CHINA: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 98 CHINA: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.4.2 INDIA
                        10.4.2.1 Rising food safety concerns support the market growth in India
           TABLE 99 INDIA: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 100 INDIA: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 101 INDIA: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.4.3 JAPAN
                        10.4.3.1 Increasing research and growing adoption of technologically advanced products will drive market growth
           TABLE 102 JAPAN: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 103 JAPAN: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 104 JAPAN: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             10.4.4 REST OF ASIA PACIFIC (ROAPAC)
           TABLE 105 ROAPAC: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 106 ROAPAC: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 107 ROAPAC: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
     10.5 REST OF THE WORLD (ROW)
           TABLE 108 ROW: TERAHERTZ SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 109 ROW: INFRARED SPECTROSCOPY MARKET, BY SPECTRUM,  2018–2025 (USD MILLION)
           TABLE 110 ROW: INFRARED SPECTROSCOPY MARKET, BY INSTRUMENT TYPE,  2018–2025 (USD MILLION)
           TABLE 111 ROW: INFRARED SPECTROSCOPY MARKET, BY APPLICATION,  2018–2025 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 124)
     11.1 OVERVIEW
           FIGURE 26 KEY DEVELOPMENTS IN THE TERAHERTZ AND INFRARED SPECTROSCOPY MARKET
             11.1.1 INFRARED SPECTROSCOPY
           FIGURE 27 MARKET SHARE ANALYSIS: INFRARED SPECTROSCOPY MARKET
                        11.1.1.1 Key market developments
                                     11.1.1.1.1 Product launches
                                     11.1.1.1.2 Acquisitions
                                     11.1.1.1.3 Partnerships, collaborations, and agreements
                                     11.1.1.1.4 Expansions
             11.1.2 TERAHERTZ SPECTROSCOPY
                        11.1.2.1 Key market developments
                                     11.1.2.1.1 Product launches
                                     11.1.2.1.2 Acquisitions
                                     11.1.2.1.3 Expansions
                                     11.1.2.1.4 Partnerships & collaborations

12 COMPETITIVE EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 131)
     12.1 COMPETITIVE EVALUATION MATRIX
     12.2 COMPETITIVE LEADERSHIP MAPPING: MAJOR MARKET PLAYERS (2019)
             12.2.1 STARS
             12.2.2 EMERGING LEADERS
             12.2.3 EMERGING COMPANIES
             12.2.4 PERVASIVE PLAYERS
           FIGURE 28 TERAHERTZ AND INFRARED SPECTROSCOPY MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     12.3 START-UP EVALUATION MATRIX
             12.3.1 PROGRESSIVE COMPANIES
             12.3.2 RESPONSIVE COMPANIES
             12.3.3 DYNAMIC COMPANIES
             12.3.4 STARTING BLOCKS
           FIGURE 29 SME EVALUATION MATRIX: INFRARED & TERAHERTZ SPECTROSCOPY MARKET
     12.4 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
             12.4.1 PERKINELMER, INC.
           FIGURE 30 PERKINELMER, INC.: COMPANY SNAPSHOT
             12.4.2 BRUKER CORPORATION
           FIGURE 31 BRUKER CORPORATION: COMPANY SNAPSHOT
             12.4.3 THERMO FISHER SCIENTIFIC, INC.
           FIGURE 32 THERMO FISHER SCIENTIFIC, INC.: COMPANY SNAPSHOT
             12.4.4 SHIMADZU CORPORATION
           FIGURE 33 SHIMADZU CORPORATION: COMPANY SNAPSHOT
             12.4.5 AGILENT TECHNOLOGIES, INC.
           FIGURE 34 AGILENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
             12.4.6 HORIBA LTD.
           FIGURE 35 HORIBA LTD.: COMPANY SNAPSHOT
             12.4.7 FOSS
             12.4.8 JASCO, INC.
             12.4.9 BAYSPEC INC.
             12.4.10 SPECTRA ANALYSIS INSTRUMENTS INC.
             12.4.11 TELEDYNE PRINCETON INSTRUMENTS
             12.4.12 TERAVIEW LTD.
             12.4.13 ADVANTEST CORPORATION
           FIGURE 36 ADVANTEST CORPORATION: COMPANY SNAPSHOT
             12.4.14 MENLO SYSTEMS GMBH
             12.4.15 TOPTICA PHOTONIX AG
             12.4.16 MICROTECH INSTRUMENTS INC.
             12.4.17 BATOP GMBH
             12.4.18 HάBNER GMBH
             12.4.19 ADVANCED PHOTONIX, INC.
             12.4.20 EKSPLA
*Business Overview, Products Offered, Recent Developments, MnM View might not be captured in case of unlisted companies. 

13 APPENDIX (Page No. - 171)
     13.1 DISCUSSION GUIDE: TERAHERTZ SPECTROSCOPY
     13.2 DISCUSSION GUIDE: INFRARED SPECTROSCOPY
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

 

The study involved four major activities in estimating the current market size for Infrared & terahertz  spectroscopy. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, D&B, Bloomberg Business, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, and databases.

Primary Research

The infrared & terahertz spectroscopy market comprises several stakeholders such as analytical equipment manufacturers, suppliers and distributors, academic centres and research institutes. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents

Infrared & Terahertz Spectroscopy Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

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.

Report Objectives

  • 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

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global infrared & terahertz spectroscopy market report:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolios of the top five companies

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
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