Global Terahertz and Infrared Spectroscopy Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Spectrum;

Near-Infrared Radiation (NIR), Mid-Infrared Radiation (MIR), and Far-Infrared Radiation (FIR)

By Technology;

Benchtop, Microscopy, Portable & Handheld, and Hyphenated

By Application;

Semiconductors, Homeland Security, Non-Destructive Testing & Research, and Development (Biomedical)

By End User;

Pharmaceuticals & Biotechnology, Industrial Chemistry, Food & Beverage Testing, Environmental Testing, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America – Report Timeline (2025–4 – 2031)
Report ID: Rn506330922 Published Date: May, 2025 Updated Date: June, 2025

Terahertz and Infrared Spectroscopy Market Overview

Terahertz and Infrared Spectroscopy Market (USD Million)

Terahertz and Infrared Spectroscopy Market was valued at USD 1,132.61 million in the year 2024. The size of this market is expected to increase to USD 4,129.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 20.3%.


Global Terahertz and Infrared Spectroscopy Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 20.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)20.3 %
Market Size (2024)USD 1,132.61 Million
Market Size (2031)USD 4,129.89 Million
Market ConcentrationLow
Report Pages354
1,132.61
2024
4,129.89
2031

Major Players

  • Teraview Ltd
  • Menlo Systems GmbH
  • Advantest Corporation
  • Advanced Photonix, Inc.
  • Toptica Photonix AG
  • Thermo Fisher Scientific, Inc.
  • Bruker Corporation
  • PerkinElmer, Inc.
  • Shimadzu Corporation
  • Agilent Technologies

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Terahertz and Infrared Spectroscopy Market

Fragmented - Highly competitive market without dominant players


The terahertz and infrared spectroscopy market is expanding steadily, driven by the need for non-invasive and accurate testing techniques. These technologies enable in-depth analysis without altering or damaging the sample, which is especially critical in sensitive environments. Approximately 55% of current industrial processes involving material inspection now utilize these spectroscopic methods, showcasing a clear shift toward safe and precise diagnostics.

Rising Use in Pharmaceutical and Life Sciences
The application of terahertz and infrared spectroscopy is rapidly increasing in pharmaceutical development and biomedical research. These methods now contribute to about 48% of usage across the market, reflecting their effectiveness in structural analysis, quality assurance, and disease detection. Their ability to provide non-contact, molecular-level insights makes them essential in healthcare innovation.

Technology-Driven Market Expansion
Recent strides in instrument design and functionality are fueling market adoption. Around 42% of the latest developments focus on creating compact, automated, and high-resolution systems, allowing broader implementation across research and industrial domains. These innovations are improving efficiency, reducing analysis time, and enhancing accessibility for users across multiple sectors.

Heightened Focus on Sensitivity and Accuracy
The demand for ultra-sensitive detection systems continues to rise as industries require more reliable and detailed spectral data. More than 50% of research in this field is now dedicated to improving analytical precision and signal clarity. These advancements are particularly vital in applications such as forensic science, chemical analysis, and environmental monitoring, where detecting minute quantities is crucial.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Spectrum
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Terahertz and Infrared Spectroscopy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Non-Destructive Testing (NDT)
        3. Increased Demand for Security Screening
        4. Growing Pharmaceutical and Biotechnology Industries
      2. Restraints
        1. Limited Sensitivity and Resolution in Some Applications
        2. Complexity of Data Analysis and Interpretation
        3. Regulatory Hurdles and Compliance Challenges
      3. Opportunities
        1. Advancements in Detector Technology
        2. Integration with Artificial Intelligence and Machine Learning
        3. Development of Compact and Portable Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Terahertz and Infrared Spectroscopy Market, By Spectrum, 2021 - 2031 (USD Million)
      1. Near-Infrared Radiation (NIR)
      2. Mid-Infrared Radiation (MIR)
      3. Far-Infrared Radiation (FIR)
    2. Terahertz and Infrared Spectroscopy Market, By Technology, 2021 - 2031 (USD Million)
      1. Benchtop
      2. Microscopy
      3. Portable & Handheld
      4. Hyphenated
    3. Terahertz and Infrared Spectroscopy Market, By Application, 2021 - 2031 (USD Million)
      1. Semiconductors
      2. Homeland Security
      3. Non-Destructive Testing
      4. Research & Development (Biomedical)
    4. Terahertz and Infrared Spectroscopy Market, By End User, 2021 - 2031 (USD Million)
      1. Pharmaceuticals & Biotechnology
      2. Industrial Chemistry
      3. Food & Beverage Testing
      4. Environmental Testing
      5. Other Applications
    5. Terahertz and Infrared Spectroscopy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Teraview Ltd
      2. Menlo Systems GmbH
      3. Advantest Corporation
      4. Advanced Photonix, Inc.
      5. Toptica Photonix AG
      6. Thermo Fisher Scientific, Inc.
      7. Bruker Corporation
      8. PerkinElmer, Inc.
      9. Shimadzu Corporation
      10. Agilent Technologies
  7. Analyst Views
  8. Future Outlook of the Market