Market Overview:
The global terahertz and near-infrared spectroscopy market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for terahertz and near-infrared spectroscopy in various applications such as pharmaceuticals & biotechnology, industrial chemistry, environmental testing, food & beverage testing, and others. In addition, the growing demand for these instruments from academic institutions and forensic laboratories is also contributing to the growth of this market.
Product Definition:
A spectroscopy technique that uses radiation in the terahertz or near-infrared regions of the electromagnetic spectrum. Terahertz and near-infrared radiation is invisible to the naked eye, but can be used to identify and study the chemical composition of materials. The importance of terahertz and near-infrared spectroscopy is that it can be used to detect subtle changes in material composition, which can help researchers understand how materials behave under different conditions.
Near-infrared:
Near-infrared (NIR) and terahertz spectroscopy are two different techniques used for studying the composition of objects. While NIR studies radiations in the near infrared region, terahertz provides information on frequencies above hertz. Both these techniques are widely used in various applications such as food analysis, security & surveillance, medical diagnosis and forensics among others.
Mid-infrared:
The mid-infrared (mid-IR) and near-infrared spectroscopy are the parts of infrared spectrum that range from 750 to 1000nm. The wavelength region accounts for a large share in the entire infrared spectrum, but there is a small gap between mid-IR and far-IR which is used for specific applications. The two most common applications of this technique include atmospheric chemistry and remote sensing/Earth observation.
Application Insights:
The application segment is segregated into five parts, namely pharmaceutical and biotechnology, industrial chemistry, environmental testing, food and beverage testing and others (academia forensic laboratories). The near-infrared spectroscopic technique dominated the market in terms of revenue in 2017. It is widely used for analyzing chemical compounds due to its ability to penetrate deep into tissue samples. Moreover, it has a high resolution that makes it suitable for identifying very small particles.
Terahertz waves have applications across several industries such as food & beverage processing where they are used to analyze components such as spices by measuring their molecular structure; detection of metals; identification of drugs or pesticides in agricultural products; water treatment using desalination plants etcetera. In addition to this mid-infrared technique can be effectively utilized for remote monitoring of vegetation growth or human body temperature estimation from a distance which further boosts its demand worldwide.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of players operating in this industry, which has resulted in high competition. Moreover, these players are also making continuous efforts to improve their products and expand their geographical reach across the globe. This is expected to drive innovation and technological advancement among participants operating within North America as well as other regions over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing government initiatives for improving healthcare facilities within developing economies such as India and China. Furthermore, growing medical tourism due to better healthcare services offered by countries such as Japan, Singapore, Thailand will further boost demand for near-infrared spectroscopy devices within Asia Pacific region during the forecast period from 2018 till 2030 (estimated).
Growth Factors:
- Increasing demand for terahertz and near-infrared spectroscopy in security and defense applications
- Growing use of terahertz and near-infrared spectroscopy in medical diagnostics
- Rising demand for terahertz and near-infrared spectroscopy in food safety testing
- Increasing adoption of terahertz and near-infrared spectroscopy in research laboratories
- Growing popularity of portable terahertz and near-infrared spectrometers
Scope Of The Report
Report Attributes
Report Details
Report Title
Terahertz and Near-infrared Spectroscopy Market Research Report
By Type
Near-infrared, Mid-infrared, Far-infrared
By Application
Pharmaceuticals & Biotechnology, Industrial Chemistry, Environmental Testing, Food & Beverage Testing, Others (Academia, forensic laboratories, biomonitoring, and agriculture)
By Companies
TeraView, Menlo Systems, Toptica Photonix, Advanced, Advantest
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Terahertz and Near-infrared Spectroscopy Market Report Segments:
The global Terahertz and Near-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
Pharmaceuticals & Biotechnology, Industrial Chemistry, Environmental Testing, Food & Beverage Testing, Others (Academia, forensic laboratories, biomonitoring, and agriculture)
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
- Toptica Photonix
- Advanced
- Advantest
Highlights of The Terahertz and Near-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:
- Pharmaceuticals & Biotechnology
- Industrial Chemistry
- Environmental Testing
- Food & Beverage Testing
- Others (Academia, forensic laboratories, biomonitoring, and agriculture)
- 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 Near-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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 infrared and microwave frequencies. Near-infrared spectroscopy is a technique used to study the structure, dynamics, and chemical properties of molecules in the near-infrared region of the spectrum.
Some of the key players operating in the terahertz and near-infrared spectroscopy market are TeraView, Menlo Systems, Toptica Photonix, Advanced, Advantest.
The terahertz and near-infrared spectroscopy market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Terahertz and Near-infrared Spectroscopy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Terahertz and Near-infrared Spectroscopy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Terahertz and Near-infrared Spectroscopy Market - Supply Chain
4.5. Global Terahertz and Near-infrared Spectroscopy Market Forecast
4.5.1. Terahertz and Near-infrared Spectroscopy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Terahertz and Near-infrared Spectroscopy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Terahertz and Near-infrared Spectroscopy Market Absolute $ Opportunity
5. Global Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Type
5.3.1. Near-infrared
5.3.2. Mid-infrared
5.3.3. Far-infrared
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Application
6.3.1. Pharmaceuticals & Biotechnology
6.3.2. Industrial Chemistry
6.3.3. Environmental Testing
6.3.4. Food & Beverage Testing
6.3.5. Others (Academia, forensic laboratories, biomonitoring, and agriculture)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Terahertz and Near-infrared Spectroscopy Demand Share Forecast, 2019-2026
9. North America Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Application
9.4.1. Pharmaceuticals & Biotechnology
9.4.2. Industrial Chemistry
9.4.3. Environmental Testing
9.4.4. Food & Beverage Testing
9.4.5. Others (Academia, forensic laboratories, biomonitoring, and agriculture)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Type
9.7.1. Near-infrared
9.7.2. Mid-infrared
9.7.3. Far-infrared
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Terahertz and Near-infrared Spectroscopy Demand Share Forecast, 2019-2026
10. Latin America Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Application
10.4.1. Pharmaceuticals & Biotechnology
10.4.2. Industrial Chemistry
10.4.3. Environmental Testing
10.4.4. Food & Beverage Testing
10.4.5. Others (Academia, forensic laboratories, biomonitoring, and agriculture)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Type
10.7.1. Near-infrared
10.7.2. Mid-infrared
10.7.3. Far-infrared
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Terahertz and Near-infrared Spectroscopy Demand Share Forecast, 2019-2026
11. Europe Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Application
11.4.1. Pharmaceuticals & Biotechnology
11.4.2. Industrial Chemistry
11.4.3. Environmental Testing
11.4.4. Food & Beverage Testing
11.4.5. Others (Academia, forensic laboratories, biomonitoring, and agriculture)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Type
11.7.1. Near-infrared
11.7.2. Mid-infrared
11.7.3. Far-infrared
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Terahertz and Near-infrared Spectroscopy Demand Share, 2019-2026
12. Asia Pacific Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Application
12.4.1. Pharmaceuticals & Biotechnology
12.4.2. Industrial Chemistry
12.4.3. Environmental Testing
12.4.4. Food & Beverage Testing
12.4.5. Others (Academia, forensic laboratories, biomonitoring, and agriculture)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Type
12.7.1. Near-infrared
12.7.2. Mid-infrared
12.7.3. Far-infrared
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Terahertz and Near-infrared Spectroscopy Demand Share, 2019-2026
13. Middle East & Africa Terahertz and Near-infrared Spectroscopy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Terahertz and Near-infrared Spectroscopy Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Application
13.4.1. Pharmaceuticals & Biotechnology
13.4.2. Industrial Chemistry
13.4.3. Environmental Testing
13.4.4. Food & Beverage Testing
13.4.5. Others (Academia, forensic laboratories, biomonitoring, and agriculture)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Terahertz and Near-infrared Spectroscopy Market Size and Volume Forecast by Type
13.7.1. Near-infrared
13.7.2. Mid-infrared
13.7.3. Far-infrared
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Terahertz and Near-infrared Spectroscopy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Terahertz and Near-infrared Spectroscopy Market: Market Share Analysis
14.2. Terahertz and Near-infrared Spectroscopy Distributors and Customers
14.3. Terahertz and Near-infrared Spectroscopy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TeraView
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Menlo Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toptica Photonix
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Advanced
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Advantest
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
