Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.2 Billion | USD 4.3 Billion | 21.09% | 2021 |
FrequentlyAsked Questions
The growing concern for safe food is correlated to the rising awareness in consumer groups about food safety, and the presence of multiple options in the market thus propelling competition. The global market growth is also expected to be driven by the increasing manufacturing of semiconductors that are used in electric circuits because of the ability of THz spectroscopy to quantify while detecting charge carriers. With technological advancements, some of the THz spectrometers can rapidly isolate semiconductor packages without destruction within a few hours.
As per Zion Market Research, the global terahertz and infrared spectroscopy market was valued at over $1.2 Billion in 2021 and is projected to reach $.4.3 Billion by 2028 while growing at a CAGR of 21.09% during the forecast period.
The global terahertz and infrared spectroscopy market are expected to be dominated by Asia-Pacific in the coming years because of government policies to attract foreign investors along with the presence of skilled labor and the availability of sufficient space to set up manufacturing units. The regional growth is projected to be propelled by various strategic mergers, acquisitions, and tie-ups across industries which is aided by the presence of extreme growth potential in regions like China, India, Taiwan, and Singapore.
The global terahertz and infrared spectroscopy market is dominated by players like Shimadzu Corporation, BATOP GmbH, Microtech Instruments, BaySpec, Teledyne Princeton Instruments, Spectra Analysis Instruments, PerkinElmer, EKSPLA, HÜBNER GmbH, Thermo Fisher Scientific, Agilent Technologies, Bruker Corporation, Bruker Corporation, and Menlo Systems GmbH.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed