The Infrared And Terahertz Spectroscopy Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Infrared And Terahertz Spectroscopy Market?
The market size of the infrared and terahertz spectroscopy has been experiencing significant growth recently. Rising from $1.33 billion in 2024, it is projected to reach $1.44 billion in 2025 with a compound annual growth rate (CAGR) of 8.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Infrared And Terahertz Spectroscopy Industry?
The Infrared & Terahertz Spectroscopy market is projected to reach $1.97 billion in 2029, with a CAGR of 8.1%.
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What are the Key Growth Drivers Fueling the Infrared And Terahertz Spectroscopy Market?
The key drivers in the infrared and terahertz spectroscopy market are:
•Continued government funding supporting scientific research
•The growing use of spectroscopy for the conservation of cultural heritage
•Increased demand for spectroscopy within the cosmetics industry
•Growing popularity and use of portable and handheld spectrometers.
Global Market Segmentation: Identifying Major Infrared And Terahertz Spectroscopy Industry Segments
The infrared and terahertz spectroscopy market covered in this report is segmented –
1) By Type: Near-Infrared Radiation, Mid-Infrared Radiation, Far-Infrared Radiation
2) By Technology: Benchtop, Microscopy, Portable And Handheld, Hyphenated
3) By Application: Semiconductors, Homeland Security, Non-Destructive Testing, Research And Development Biomedical
4) By End User: Pharmaceuticals And Biotechnology, Industrial Chemistry, Food And Beverage Testing, Environmental Testing, Other End-Users
Subsegments:
1) By Near-Infrared Radiation: Fourier Transform Near-Infrared (FT-NIR) Spectroscopy, Dispersive Near-Infrared (DNIR) Spectroscopy
2) By Mid-Infrared Radiation: Fourier Transform Mid-Infrared (FT-MIR) Spectroscopy, Tunable Diode Laser (TDL) Spectroscopy
3) By Far-Infrared Radiation: Terahertz Spectroscopy, Time-Domain Terahertz Spectroscopy, Frequency-Domain Terahertz Spectroscopy
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What are the emerging Trends Shaping the Future of the Infrared And Terahertz Spectroscopy Market?
The key trends in the infrared and terahertz spectroscopy market are:
•Technological advancements are playing a pivotal role in the future of the infrared & terahertz spectroscopy market.
•The integration of AI and machine learning is a significant, emerging trend in the industry.
•Incorporation of Internet of Things (IoT) with spectroscopy systems is shaping the future of the market.
•The creation of hybrid spectroscopy systems is an upcoming trend in the sector.
Who Are the Top Competitors & Leading Players in the Infrared And Terahertz Spectroscopy Market?
Major players in the infrared and terahertz spectroscopy market are:
• Hamamatsu Photonics K.K.
• Thermo Fisher Scientific Inc.
• Boston Electronics Corporation
• Agilent Technologies Inc.
• Advantest Corporation
• PerkinElmer Holdings Inc.
• Shimadzu Corporation
• Bruker Corporation
• Horiba Ltd.
• HÜBNER GmbH & Co. KG
• Novanta Inc.
• TOPTICA Photonics AG
• Luna Innovations Inc.
• JASCO Corporation
• Menlo Systems GmbH
• TeraView Limited
• Spectra Quest Lab Inc.
• TERASENSE GROUP INC.
• QMC Instruments Ltd.
• Applied Research & Photonics Inc.
• Zomega Terahertz Corporation
• Blue Sky Spectroscopy Inc.
• Science Tech Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the infrared and terahertz spectroscopy market in 2024
