Spectroscopy IR Detector Market worth 224.5 Million USD by 2022
The overall market is estimated to be worth USD 224.5 Million by 2022, growing at a CAGR of 6.9% between 2016 and 2022.
(EMAILWIRE.COM, March 22, 2017 ) According to the MarketsandMarkets report "Spectroscopy IR Detector Market by Detector Technology (DTGS, MCT, InGaAs), Spectrum Sensitivity (NIR, Mid IR, and Far IR), Cooling Requirement (Cooled and Uncooled), Product Type (Benchtop, Portable, Hyphenated) - Global Forecast to 2022", the overall market is estimated to be worth USD 224.5 Million by 2022, growing at a CAGR of 6.9% between 2016 and 2022, whereas the unit shipment of IR detector is expected to grow at a CAGR of 7.7% between 2016 and 2022.
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The major factors driving the growth of the IR detector market for IR spectroscopy include upgradation of IR spectroscopy devices by replacing with new IR detector modules and the growing shipment of IR spectroscopy devices in various industries.
"The benchtop IR spectroscopy device segment held the largest share of the IR detector market in 2015"
The benchtop IR spectroscopy device segment held the largest share of the IR detector market in 2015, while the market for portable IR spectroscopy device is expected to grow at a significant rate between 2016 and 2022. In the current scenario, benchtop IR spectroscopy plays a key role in a number of industries such as pharmaceutical, biological, chemicals, food & beverages, and others. The increasing shipment of benchtop and portable IR spectroscopy devices is driving the growth of the IR detector market.
"Mid IR detector plays a key role in the IR detector market"
The IR detector market for IR spectroscopy has been segmented on the basis of spectrum sensitivity into NIR, Mid IR, and Far IR. Of all these, mid IR is expected to hold the largest market share during the forcast period owing to the wide range of applications of mid IR spectroscopy in the research and industrial sector. Along with this, the market for NIR spectroscopy devices is expected to grow at a significant rate during the forecast period, which would, in turn, drive the growth of NIR detector market in the near future.
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"APAC region would grow at a significant rate during the forecast period"
The market in APAC is expected to grow at a significant rate in the IR detector market for IR spectroscopy in the near future because of factors such as the presence of a large number of IR detector and IR spectroscopy device manufacturing companies in the region. For instance, in April 2016, Hamamatsu Photonics K.K. (Japan) announced its plans to establish a new optosemiconductor manufacturing unit in Japan by February 2017. Similarly, Thermo Fisher Scientific Inc. (U.S.) has expanded its business by establishing an innovation center in China; it has invested around USD 9.5 million for R&D in this center. Also, DANI Instruments SpA (Italy) has signed a distribution agreement with Labindia Instruments Pvt. Ltd. (India).
The key companies operating in the IR detector market include Hamamatsu Photonics K.K. (Japan), Excelitas Technologies Corp. (U.S.), LASER Components GmbH (Germany), UTC Aerospace Systems (U.S.), Newport Corporation (U.S.), and others.
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MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. For more information, please visit www.marketsandmarkets.com
PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=142905081
The major factors driving the growth of the IR detector market for IR spectroscopy include upgradation of IR spectroscopy devices by replacing with new IR detector modules and the growing shipment of IR spectroscopy devices in various industries.
"The benchtop IR spectroscopy device segment held the largest share of the IR detector market in 2015"
The benchtop IR spectroscopy device segment held the largest share of the IR detector market in 2015, while the market for portable IR spectroscopy device is expected to grow at a significant rate between 2016 and 2022. In the current scenario, benchtop IR spectroscopy plays a key role in a number of industries such as pharmaceutical, biological, chemicals, food & beverages, and others. The increasing shipment of benchtop and portable IR spectroscopy devices is driving the growth of the IR detector market.
"Mid IR detector plays a key role in the IR detector market"
The IR detector market for IR spectroscopy has been segmented on the basis of spectrum sensitivity into NIR, Mid IR, and Far IR. Of all these, mid IR is expected to hold the largest market share during the forcast period owing to the wide range of applications of mid IR spectroscopy in the research and industrial sector. Along with this, the market for NIR spectroscopy devices is expected to grow at a significant rate during the forecast period, which would, in turn, drive the growth of NIR detector market in the near future.
For Sample pages of report: http://www.marketsandmarkets.com/requestsample.asp?id=142905081
"APAC region would grow at a significant rate during the forecast period"
The market in APAC is expected to grow at a significant rate in the IR detector market for IR spectroscopy in the near future because of factors such as the presence of a large number of IR detector and IR spectroscopy device manufacturing companies in the region. For instance, in April 2016, Hamamatsu Photonics K.K. (Japan) announced its plans to establish a new optosemiconductor manufacturing unit in Japan by February 2017. Similarly, Thermo Fisher Scientific Inc. (U.S.) has expanded its business by establishing an innovation center in China; it has invested around USD 9.5 million for R&D in this center. Also, DANI Instruments SpA (Italy) has signed a distribution agreement with Labindia Instruments Pvt. Ltd. (India).
The key companies operating in the IR detector market include Hamamatsu Photonics K.K. (Japan), Excelitas Technologies Corp. (U.S.), LASER Components GmbH (Germany), UTC Aerospace Systems (U.S.), Newport Corporation (U.S.), and others.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. For more information, please visit www.marketsandmarkets.com
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results