Far-Infrared Spectroscopy Market Trends & Forecast to 2023- Industry Analysis by Regions, Type and Applications

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The worldwide Far-Infrared Spectroscopy Market is expected to be valued at $ +1billion by 2023, growing at a CAGR of +6% dominated by portable spectroscopes which is expected to gain maximum traction while North America accounted for the largest share of global IR spectroscopy market.

The Global Infrared (IR) Spectroscopy Market is segmented by product type , spectrum, applications, and by geography. The new market report contains data for historic years 2017 & 2018, the base year of calculation is 2018 and the forecast period is 2018 to 2023. Infrared spectroscopy is the study of interaction of infrared light with matter, which can be used to identify unknown materials, examine the quality of a sample, and determine the amount of components in a mixture.

Far-Infrared spectroscopy Market is witnessing significant technological advancements. In June 2018, Changchun Institute of Applied Chemistry based in China developed a new technique for AFM-IR (Atomic Force Microscope IR). The new technique will be able to provide quantitative analysis of chemical concentrations of polymer nanodomains of rubber particles. Further, new technological developments and applications of Near Infrared Spectroscopy (NIR) technology are expected to give a push to market growth in the coming years. Rising adoption of NIR Spectroscopy in brain research to explore the cognitive and linguistic abilities of young infants and neonates is anticipated to present huge market growth opportunity over the forecast period. Further, increasing adoption of Near Infrared Spectroscopy (NIR) in various agriculture applications such as seed quality detection is expected to have a positive impact on the market over the forecast period.

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The Far-Infrared Spectroscopy Market is divided into food and beverages, pharma and biotech, environmental testing, agriculture, petrochemicals and others. With several applications of market in pharma and biotech, this industry is likely to hold significant market share over the forecast period. By geography, the market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Huge government and private players’ spending on research and development in North America is likely to boost the regional IR spectroscopy market over the forecast period. Further, stringent drug development regulations in the region, especially in the U.S. are expected to drive the North America market.

Some of the major players operating in the Global Far-Infrared Spectroscopy Market are The ABB Group, Teraview Ltd, Teledyne Technologies Inc., Agilent Technologies, Bayspec, Inc., Horiba, Ltd., Spectra Analysis Instruments Inc., Avantes, Bruker Corporation, Carl Zeiss Spectroscopy GmbH, Galaxy Scientific, Gasera, Ibsen Photonics, EMD Millipore Corporation, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific, Viavi Foss, Jasco, Inc. and, Princeton Instruments (PI) among others.

What Reports Provides:

           Full in-depth analysis of the parent market

           Important changes in market dynamics

           Segmentation details of the market

           Former, on-going, and projected market analysis in terms of volume and value

           Assessment of niche industry developments

           Market share analysis

           Key strategies of major players

           Emerging segments and regional markets

           Testimonials to companies in order to fortify their foothold in the market.

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