Terahertz spectroscopy senses and controls characteristics of matter
with electromagnetic waves that ranges between several terahertz to a
few hundred gigahertz. Terahertz technology is an emerging technology
that finds application in semiconductor, security solutions and
testing and inspection among others. In addition, terahertz
spectrometer technology finds application in gas detection technology
solution. Therefore, terahertz spectrometer technology delivers a
powerful method in controlling and resolving individual solution and
complex physics of a system with strong electron–electron
interactions between many-body states. By avoiding the use of a
mechanical delay line for temporal scanning the terahertz
spectrometer system enables high-resolution and high speed data
acquisition. Furthermore, in nondestructive testing industry
terahertz spectrometer are primarily used to evaluate the properties
of material component, without causing damage. The global Terahertz
Spectrometer market is anticipated to witness stable growth during
the forecast period from 2017 to 2025.
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Terahertz Spectrometer market has been segmented on the basis of
application and geography. On the basis of application Terahertz
Spectrometer market is fragmented into polymers, semiconductor,
ceramics and glasses, organic molecules, gas spectroscopy, conductive
films, liquid crystals, composites, oil & gas and non-
destructive testing among others. In polymer industries, terahertz
spectrometer are used to evaluate the properties of polymerization,
differentiating polymorphs, measuring hygroscopicity and measuring
electrical conductivity and launch of technologically advanced
polymer terahertz spectrometer products contribute to the growth of
the global Terahertz Spectrometer market. Moreover, across the globe,
major semiconductor key players include NXP Semiconductor, On
semiconductor and Panasonic Corporation among others are focusing on
terahertz spectrometer for inspection of electrical failures in
semiconductor devices. Thus, increasing usage of terahertz
spectrometer in semiconductor industry serves as opportunity for the
growth of terahertz spectrometer manufacturers across the globe
during the forecast period. Furthermore, in glasses and ceramics
industries, terahertz spectrometer scanners are primarily used to
evaluate the characterization and relationship with material
properties. This in turn acts as an opportunity factor for Terahertz
Spectrometer market during the forecast period.
Moreover, in oil and gas industries terahertz spectrometer is used to
detect characterizing oil property, identifying oil adhesives and
observing degradation and contamination. Such beneficial properties
are expected to fuel the demand of Terahertz Spectrometer market in
coming years. On the flip side, higher cost of NDT equipment followed
by lack of skilled and qualified personnel is the key factor
restraining the global Terahertz Spectrometer market growth.
Geographically, Terahertz Spectrometer market is segmented into North
America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin
America. Terahertz Spectrometer market is majorly driven by North
America region. Asia Pacific is likely to be the significantly
attractive market for terahertz spectrometer manufacturers owing to
large-scale industrial development in this region. In addition,
growing focus on research and development activities in
telecommunication and aerospace technology is also acting as a
driving factor in the growth of Europe, North America and Asia
Pacific Terahertz Spectrometer market. Asia Pacific is predicted to
witness the most promising market in the coming years owing to
increasing number of consumer goods and automotive manufacturers. In
addition, significant growth of semiconductor industry is also
expected to create a better opportunity for terahertz spectrometer
manufacturers across the globe. Moreover, rapid developments
activities taking place in the field of oil and gas industry in Asia
Pacific region is also expected to drive the demand of Terahertz
Spectrometer market in the forecast years.
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Global Terahertz Spectrometer market is majorly driven by key players
in the market. Some of the key players in the Terahertz Spectrometer
Market are Bruker (The U.S), Sciencetech Inc. (Canada), TOPTICA
Photonics AG (Germany), EKSPLA (The U.K), Laser Quantum (The U.K),
Ondax (Canada), Menlo Systems GmbH (Germany), Thermo Fisher
Scientific, Inc.(The U.S), Perkinelmer, Inc. (The U.S) and Agilent
Technologies, Inc.(The U.S) among others.
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