Infrared and Terahertz Spectroscopy Market worth $1.3 billion by 2025 - Exclusive Report by MarketsandMarkets
"Infrared and Terahertz Spectroscopy Market
by Instrument Type (Benchtop Instruments, Microscopy Instruments, Portable Instruments, Hyphenated Instruments), Spectrum, Application - Global Forecast to 2025", published by MarketsandMarkets, the market is expected to reach USD 1.3 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 5.2% during the forecast period. The key factors driving the growth of this market are the stringent regulations in the pharmaceutical industry, increasing food safety concerns & technological advancements.
Browse in-depth TOC on
111 - Tables
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248742550
The terahertz spectroscopy market is expected to reach USD 45 million by 2025 from USD 30 million in 2020, at a CAGR of 8.3% during the forecast period. Growth in the market can primarily be attributed to factors such as increasing applications of terahertz spectroscopy as a screening technique in homeland security, the growing semiconductor industry, and technological advancements.