Infrared & Terahertz Spectroscopy Market to Witness Huge Growth by Key Players: PerkinElmer, Bruker Corporation, Shimadzu Corporation, Thermo Fisher Scientiific, TeraView Ltd

Global Infrared & Terahertz Spectroscopy Market 2021-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The Infrared & Terahertz Spectroscopy market is projected to grow from USD 3.3 billion in 2021 to USD 4.1 billion by 2026, at a CAGR of 4.5% from 2021 to 2026.

The report provides a comprehensive analysis of company profiles listed below:
• PerkinElmer (US)
• Bruker Corporation (US)
• Shimadzu Corporation (US)
• Thermo Fisher Scientiific (US)
• TeraView Ltd (UK)
• Advantest Corporation (Japan)
• Menlo Systems GmbH (Germany)

"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 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.

"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.

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Competitive Landscape of Infrared & Terahertz Spectroscopy Market:
1 Overview
1.1 Infrared Spectroscopy
1.1.1 Key Market Developments
1.1.1.1 Product Launches
1.1.1.2 Acquisitions
1.1.1.3 Partnerships, Collaborations, And Agreements
1.1.1.4 Expansions
1.2 Terahertz Spectroscopy
1.2.1 Key Market Developments
1.2.1.1 Product Launches
1.2.1.2 Acquisitions
1.2.1.3 Expansions
1.2.1.4 Partnerships & Collaborations

Research Coverage:
This report studies the infrared & terahertz spectroscopy market based on instrument type, spectrum, application and region. The report also studies the different factors (such as drivers, restraints, and opportunities) affecting the market growth. It provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

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This release was published on openPR.