Terahertz & Infrared Spectroscopy Market by Spectrum and Application Global Forecasts to 2020
PUNE, India, March 31, 2016 /PRNewswire/ --
Infrared spectroscopy market will hit $1.25 billion in 2020 while terahertz spectroscopy market is set to be worth $52.5 million in 2020 at a CAGR of 21.30% and the semiconductor segment is expected to account for the largest share of the THz spectroscopy market by application.
Complete report on global terahertz and infrared spectroscopy market spread across 163 pages, profiling 10 companies and supported with 73 tables and 47 figures is now available at http://www.reportsnreports.com/reports/512110-terahertz-and-infrared-spectroscopy-market-by-spectrum-near-mid-far-infrared-by-technology-benchtop-portable-handheld-by-application-semiconductors-homeland-security-pharmaceutical-biotechnology-industrial-chemistry-global-forecasts-to-2020.html .
Over the years, the market has witnessed various technological advancements that have expanded the application horizons of terahertz and infrared spectroscopy. Some of these applications are drug discovery and development, metabolomics, and diagnostics. However, the high cost of instruments is hindering market growth.
In 2015, the semiconductor segment is expected to account for the largest share of the global terahertz spectroscopy market, by application, while the pharmaceutical and biotechnology segment is expected to account for the largest share of the infrared spectroscopy market, by application.
In 2015, North America is expected to account for the largest share of the global terahertz and infrared spectroscopy market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the terahertz and infrared spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region. The high growth in this region can be attributed to government support, increased funding, and collaborations with established market players.
Competition is high in the global infrared spectroscopy market, as there are many big and small firms with similar product offerings. These companies adopt various strategies (collaboration, acquisition, new product launches, and expansion) to increase their market shares and establish a strong foothold in the global market.
Major players in the terahertz spectroscopy market include TeraView, Ltd. (U.S.), Menlo Systems GmbH (Germany), Toptica Photonix AG (Germany), Advanced Photonix, Inc. (U.S.), and Advantest Corporation (Japan). Order a copy of Terahertz and Infrared Spectroscopy Market by Spectrum (Near/Mid /Far-Infrared), by Technology (Benchtop/Portable & Handheld), by Application (Semiconductors/Homeland Security/Pharmaceutical & Biotechnology/Industrial Chemistry) - Global Forecasts to 2020 research report available at http://www.reportsnreports.com/purchase.aspx?name=512110 .
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help to firms garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
On a related note, another research on Next-Generation Sequencing (NGS) Market Global Forecasts to 2021 says, the global NGS market is expected to reach USD 10,371.1 million by 2021 from USD 4,031.7 million in 2016, at a CAGR of 20.8% between 2016 and 2021. North America is expected to hold the largest share of the global NGS market in 2016. Market growth is majorly driven by the technological advancements in NGS products, increasing applications of NGS, entry of new market players, increasing partnerships & collaborations among market players.
Companies like Illumina, Inc. Thermo Fisher Scientific Inc., Pacific Biosciences of California Inc., Roche Holding AG, QIAGEN N. V., BGI, Macrogen Inc., Eurofins Scientific, and Oxford Nanopore Technologies, Ltd. have been profiled in this 208 pages research report available at http://www.reportsnreports.com/reports/508000-next-generation-sequencing-ngs-market-by-platforms-hiseq-miseq-hiseq-x-ten-x-five-nextseq500-ion-proton-pgm-ions5-pacbio-sequel-services-targeted-sequencing-de-novo-application-diagnostic-drug-discovery-global-forecasts-to-2021.html .
Explore more reports on the biotechnology market at http://www.reportsnreports.com/market-research/biotechnology/.
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