Global Terahertz and Infrared Spectroscopy Market at A Highest CAGR of 21.08% W

Posted by ganesha on December 20th, 2019

Global terahertz and infrared spectroscopy market By Application (Semiconductors, Homeland Security, Non-Destructive Testing, Research & Development Biomedical), Spectrum (Near-Infrared Radiation (NIR), Mid-Infrared Radiation (MIR), Far-Infrared Radiation (FIR)), Technology (Benchtop, Microscopy, Portable & Handheld, Hyphenated), Application (Pharmaceuticals & Biotechnology, Industrial Chemistry, Food & Beverage Testing, Environmental Testing, Other Application

Market Definition: Global Terahertz and Infrared Spectroscopy Market

Terahertz spectroscopy is a rapidly changing area of concern in medical imaging, safety, science scanning (chemical, biochemistry, and geometry), electronics, and manufacturing. Several particles, especially biomolecules, provide spectroscopic fingerprint rows in the terahertz region. Infrared spectroscopy (IR spectroscopy) is a spectroscopy that combines the infrared region of the electromagnetic spectrum, which is air with a bigger wavelength and decreased amplitude than visible light.

Market Drivers

  •          Administrative guidelines for analytical manufacturing technology in the pharmaceutical industry is contributing to the growth of the market
  •          Raise in the use of food fingerprinting techniques is boosting the growth of the market
  •          Enhanced R&D development in life sciences is propelling the growth of the market
  •          Constant technological advances in IR spectroscopy is driving the growth of the market

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Market Restraints

  •          A technological limitation of IR spectroscopy is restricting the growth of the market
  •          Accessibility of used IR spectroscopy devices in the market is hampering the growth of the market
  •          High price of the equipment is hindering the growth of the market

 

Market Analysis: Global Terahertz and Infrared Spectroscopy Market

Global terahertz and infrared spectroscopy market is registering a healthy CAGR of 21.8% in the forecast period of 2019-2026. This rise in the market can be attributed to administrative guidelines for analytical manufacturing technology and raised use of food fingerprinting techniques.

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Segmentation: Global Terahertz and Infrared Spectroscopy Market

By Application

  •          Semiconductors
  •          Homeland Security
  •          Non-Destructive Testing
  •          Research & Development Biomedical

By Spectrum

  •          Near-Infrared Radiation (NIR)
  •          Mid-Infrared Radiation (MIR)
  •          Far-Infrared Radiation (FIR)

By Technology

  •          Benchtop
  •          Microscopy
  •          Portable & Handheld
  •          Hyphenated

By Application   

  •          Pharmaceuticals & Biotechnology
  •          Industrial Chemistry
  •          Food & Beverage Testing
  •          Environmental Testing
  •          Other Application

Key Developments in the Market:

In September 2018, SEA Vision introduced its near infrared hyperspectral view (NIR) scheme, HarleNIR. Depending on its Harlequin blister control system, HarleNIR is a fresh generation blister test technology that passes beyond noticeable testing and provide chemical analysis of drug products. HarleNIR can check the full shipment on the production line in a fully operational manner, remove human error and speed up sample release time. With this start business, test techniques can be improved.

In May 2018, IRsweep launched the second generation Mid-IR frequency comb spectrometer at Analytica. The benchtop unit is 60 cm long and not as large as the first room-saving model. The mid-IR spectrometer IRisF1 Dual-Combdisplays interchangeable transmitters, microsecond moment accuracy and multi-color performance. The application in which elevated time accuracy, visibility or throughput is required, such as evaluation and tracking of rapid responses in biological samples and chemical composition.

Competitive Analysis:

Global terahertz and infrared spectroscopy market  is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of terahertz and infrared spectroscopy market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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ganesha
Joined: October 29th, 2019
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