The global infrared & terahertz spectroscopy market is expected to grow with a CAGR of 5.1% from 2023 to 2028

According to a market report by Lucintel, the future of the infrared & terahertz spectroscopy market looks promising with opportunities in the pharmaceutical & biotechnology, industrial chemistry, food & beverage testing, and environmental testing end use industries. The global infrared & terahertz spectroscopy market is expected to reach an estimated $1.5 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are increasing strict regulations in the pharmaceutical industry, rise in food safety concerns across the globe, and growing investments by government in infrared spectroscopy technologies.

In this market, benchtop instruments, microscopy instruments, portable instruments, and hyphenated instruments are the major type segments. Lucintel forecasts that benchtop instruments will remain the largest type segment over the forecast period as these instruments are compact, less sensitive, affordable, and ensure faster analysis time along with improved workflow and fewer maintenance requirements.
Within this market, pharmaceuticals & biotechnology will remain the largest end use segment over the forecast period due to stringent regulations in the pharmaceutical industry and increasing usage of spectroscopy as a powerful tool for advanced the chemical and physical characterization of active pharmaceutical ingredients (APIs).

APAC is expected to witness the highest growth during the forecast period due to increasing adoption of technologically advanced products, growing food safety concerns, and strategic expansions by key players in the region.
Bruker Corporation, Agilent Technologies, Shimadzu Corporation, PerkinElmer, Thermo Fisher Scientific, Teledyne Princeton Instruments, JASCO, TeraView, Microtech Instruments, and Ekspla are the major suppliers in the global infrared & terahertz spectroscopy market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global infrared & terahertz spectroscopy market by type, spectrum, application, end use, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Infrared & Terahertz Spectroscopy Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global infrared & terahertz spectroscopy market by type, spectrum, application, end use, and region, as follows:
 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
 

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
 

Q.1. What are some of the most promising, high-growth opportunities for the infrared & terahertz spectroscopy market by type (benchtop instruments, microscopy instruments, portable instruments, and hyphenated instruments), spectrum (mid-infrared radiation, near-infrared radiation, and far-infrared radiation), application (research & development biomedical, semiconductors, homeland security, and non-destructive testing), end use (pharmaceuticals & biotechnology, industrial chemistry, food & beverage testing, and environmental testing), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?