Market Overview:
The global terahertz and infrared spectroscopy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for terahertz and infrared spectroscopy in various applications such as semiconductor, R&D (pharmaceuticals and biotechnology), homeland security, non-destructive testing, pharmaceuticals & biotechnology, industrial chemistry, environmental testing, food & beverage testing among others. In addition, the growing demand for miniaturization of devices is also contributing to the growth of this market.
Product Definition:
Terahertz spectroscopy is the study of the vibrational and rotational energy levels of molecules using radiation in the terahertz region of the electromagnetic spectrum. This technique is used to determine molecular structure, identify functional groups, and measure bond lengths and angles.
In infrared spectroscopy, absorption or emission of infrared radiation by a sample is monitored to obtain information about its composition. This technique can be used to identify substances based on their characteristic infrared absorption fingerprints, measure bond lengths and angles, and track changes in molecular structure.
Near-infrared:
Near-infrared (NIR) and its usage in Terahertz and infrared spectroscopy market is expected to grow at a lucrative rate during the forecast period. The key drivers for this market are increasing demand for NIR based diagnostic devices, growing applications of NIR technology in security & surveillance, food quality analysis, remote sensing & navigation etc.
Mid-infrared:
Mid-infrared (MI) is a part of the electromagnetic spectrum between infrared and microwave. It is also known as middle infrared or mid-IR. The main feature of MI which sets it apart from other parts of the infrared region is its ability to cross easily into the visible light region without excessive loss in intensity, and thus can be used for applications where visible light would be useful but due to special circumstances some parts cannot be used.
Application Insights:
The application segment is segregated into seven sub-segments, namely semiconductors, research & development (R&D), homeland security, non-destructive testing, pharmaceuticals and biotechnology, industrial chemistry, and environmental testing. The R&D sub-segment dominated the global market in 2017 owing to the increasing demand for high technology products across various end-use industries such as electronics and automotive. Moreover, this growth can be attributed to factors such as an increase in government funding for research activities related to terahertz waves in several countries including China Japan Russia South Korea Belgium Germany France Italy Netherlands Canada Australia Mexico Brazil Colombia Thailand India Singapore Indonesia Vietnam Argentina Sweden Poland U.K., etc.
The growing use of T&IR by laboratories working on issues related to food quality is expected to boost product demand over the forecast period especially from 2018 when a new generation of TTH devices with improved performance specifications are launched globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major players such as Boeing, General Electric, and Lockheed Martin Corporation. These companies are engaged in extensive R&D activities for developing advanced technologies such as mid-infrared spectroscopy and terahertz technology. Moreover, these players are also involved in strategic initiatives for establishing joint ventures with Asian companies to increase their geographical reach and customer base across Asia Pacific region. For instance; In November 2016, SITA Technologies signed a distribution agreement with Thermo Fisher Scientific Inc., a U.S.-based company that offers products & services including diagnostic testing solutions based on laboratory instrumentsation and equipment used for chemical analysis (chemical sensors).
Growth Factors:
- Increasing demand for terahertz and infrared spectroscopy in various end-use industries such as pharmaceuticals, biotechnology, food & beverage, and environmental testing.
- Growing research and development activities for the development of novel applications of terahertz and infrared spectroscopy across different industries.
- Rising number of conferences and exhibitions related to terahertz and infrared spectroscopy that provide a platform for the sharing of latest technological advancements among industry players.
- Proliferation of portable devices that can be used for on-site analysis using terahertz or infrared spectroscopy techniques.
Scope Of The Report
Report Attributes
Report Details
Report Title
Terahertz and Infrared Spectroscopy Market Research Report
By Type
Near-infrared, Mid-infrared, Far-infrared
By Application
Semiconductor, R&D (Pharmaceutical and Biomedical), Homeland Security, Non-destructive testing, Pharmaceuticals & Biotechnology, Industrial Chemistry, Environmental Testing, Food & Beverage Testing
By Companies
Teraview, Menlo Systems, Advantest, Luna innovation, Toptica Photonics, Thermo Fisher Scientific, Bruker, PerkinElmer, Shimadzu, Agilent Technologies, Teraview
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Terahertz and Infrared Spectroscopy Market Report Segments:
The global Terahertz and Infrared Spectroscopy market is segmented on the basis of:
Types
Near-infrared, Mid-infrared, Far-infrared
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, R&D (Pharmaceutical and Biomedical), Homeland Security, Non-destructive testing, Pharmaceuticals & Biotechnology, Industrial Chemistry, Environmental Testing, Food & Beverage Testing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Teraview
- Menlo Systems
- Advantest
- Luna innovation
- Toptica Photonics
- Thermo Fisher Scientific
- Bruker
- PerkinElmer
- Shimadzu
- Agilent Technologies
- Teraview
Highlights of The Terahertz and Infrared Spectroscopy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Near-infrared
- Mid-infrared
- Far-infrared
- By Application:
- Semiconductor
- R&D (Pharmaceutical and Biomedical)
- Homeland Security
- Non-destructive testing
- Pharmaceuticals & Biotechnology
- Industrial Chemistry
- Environmental Testing
- Food & Beverage Testing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Terahertz and Infrared Spectroscopy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Terahertz radiation is a type of electromagnetic radiation with a frequency between 1 and 10 THz. Terahertz waves are shorter than microwaves, but longer than infrared waves. They can pass through most materials without being absorbed or scattered, making them ideal for examining small objects and areas inside objects. Infrared spectroscopy uses terahertz radiation to probe the structure and composition of molecules and materials in depth.
Some of the major players in the terahertz and infrared spectroscopy market are Teraview, Menlo Systems, Advantest, Luna innovation, Toptica Photonics, Thermo Fisher Scientific, Bruker, PerkinElmer, Shimadzu, Agilent Technologies, Teraview.
The terahertz and infrared spectroscopy market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Terahertz and Infrared Spectroscopy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Terahertz and Infrared Spectroscopy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Terahertz and Infrared Spectroscopy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Terahertz and Infrared Spectroscopy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Terahertz and Infrared Spectroscopy Market Size & Forecast, 2020-2028
4.5.1 Terahertz and Infrared Spectroscopy Market Size and Y-o-Y Growth
4.5.2 Terahertz and Infrared Spectroscopy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Near-infrared
5.2.2 Mid-infrared
5.2.3 Far-infrared
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 R&D (Pharmaceutical and Biomedical)
6.2.3 Homeland Security
6.2.4 Non-destructive testing
6.2.5 Pharmaceuticals & Biotechnology
6.2.6 Industrial Chemistry
6.2.7 Environmental Testing
6.2.8 Food & Beverage Testing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Terahertz and Infrared Spectroscopy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Terahertz and Infrared Spectroscopy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Near-infrared
9.6.2 Mid-infrared
9.6.3 Far-infrared
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 R&D (Pharmaceutical and Biomedical)
9.10.3 Homeland Security
9.10.4 Non-destructive testing
9.10.5 Pharmaceuticals & Biotechnology
9.10.6 Industrial Chemistry
9.10.7 Environmental Testing
9.10.8 Food & Beverage Testing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Near-infrared
10.6.2 Mid-infrared
10.6.3 Far-infrared
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 R&D (Pharmaceutical and Biomedical)
10.10.3 Homeland Security
10.10.4 Non-destructive testing
10.10.5 Pharmaceuticals & Biotechnology
10.10.6 Industrial Chemistry
10.10.7 Environmental Testing
10.10.8 Food & Beverage Testing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Near-infrared
11.6.2 Mid-infrared
11.6.3 Far-infrared
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 R&D (Pharmaceutical and Biomedical)
11.10.3 Homeland Security
11.10.4 Non-destructive testing
11.10.5 Pharmaceuticals & Biotechnology
11.10.6 Industrial Chemistry
11.10.7 Environmental Testing
11.10.8 Food & Beverage Testing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Near-infrared
12.6.2 Mid-infrared
12.6.3 Far-infrared
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 R&D (Pharmaceutical and Biomedical)
12.10.3 Homeland Security
12.10.4 Non-destructive testing
12.10.5 Pharmaceuticals & Biotechnology
12.10.6 Industrial Chemistry
12.10.7 Environmental Testing
12.10.8 Food & Beverage Testing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Near-infrared
13.6.2 Mid-infrared
13.6.3 Far-infrared
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 R&D (Pharmaceutical and Biomedical)
13.10.3 Homeland Security
13.10.4 Non-destructive testing
13.10.5 Pharmaceuticals & Biotechnology
13.10.6 Industrial Chemistry
13.10.7 Environmental Testing
13.10.8 Food & Beverage Testing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Terahertz and Infrared Spectroscopy Market: Competitive Dashboard
14.2 Global Terahertz and Infrared Spectroscopy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teraview
14.3.2 Menlo Systems
14.3.3 Advantest
14.3.4 Luna innovation
14.3.5 Toptica Photonics
14.3.6 Thermo Fisher Scientific
14.3.7 Bruker
14.3.8 PerkinElmer
14.3.9 Shimadzu
14.3.10 Agilent Technologies
14.3.11 Teraview
