Over the past two decades, terahertz technology has been witnessing significant advancements on the scientific front. Terahertz technology is an emerging field which has potentials to improve applications ranging from passenger scanning at airports to huge digital data transfers. Terahertz radiation is located between the frequency bands of microwaves and infrared radiation, and are capable of easily penetrating into various materials, including biological tissue.
The energy carried by terahertz radiation is low enough to pose no risk to any object under investigation. Technological advancements have enabled terahertz frequency band accessible for imaging systems. Many manufacturers are currently focused on developing new devices that can send and receive radiation of terahertz frequency range.
Terahertz technology has found various application in various fields such as spectroscopy, imaging and communication systems, over the years. Additionally, the growing application of terahertz technology in a number of industries for quality check and process control monitoring is expected to enable terahertz components and systems to register a remarkable rise in the coming years.
Increasing adoption of terahertz technology in industries such as aerospace and defence and homeland security across regions is thereby driving the market for terahertz technology over the forecast period. In addition, some of the prominent drivers for terahertz technology market are factors such as increasing investments in R&D activities, growing penetration of terahertz technology in biology and medical science sectors and increasing applications of high end terahertz devices in research laboratory and process control monitoring processes.
On the other hand, factors such as lack of awareness of terahertz technology can result into slow adoption rate and concerns regarding accuracy and reliability issues may act as a major restraint for the terahertz technology market.
Terahertz technology market can be segmented on the basis of component, application, vertical and regions. On the basis of component the terahertz technology market can be segmented into terahertz sources, terahertz detectors and others.
On the basis of system, the terahertz technology market can be segmented as terahertz imaging, terahertz spectroscopy, terahertz communication systems and others. Whereas the application segment in the terahertz technology market may include industrial, defence & security, biomedical, wireless communication and others.
Terahertz technology market is dominated by the North America region. North America dominance is attributed to rising adoption of process control in various industries as well as high investments in R&D activities pertaining to terahertz technology by key players based in the region.
On the other hand, Asia Pacific Excl. Japan, and Japan is expected to grow at a significantly as compared to the other region in the terahertz technology market and will see a good growth rate in the future. Asia Pacific Excl. Japan is expected to great opportunities terahertz technology market due to the wide presence of manufacturing companies in developing countries, such as China, and India. Eastern Europe, Latin America and MEA is expected to see a moderate growth rate in the terahertz technology market.
Among the prominent players involved in terahertz technology market, companies such as Advantest Corp, TeraView, EMCORE Corp and Terasense Group, Inc., among others are focusing on organic as well as inorganic strategies to strengthen their position in the terahertz technology market. For instance, in December 2016, Terasense Group, Inc. launched terahertz wave-sources based on ‘IMPATT’ technology for imaging scanners. On the other hand, in 2015, TeraView launched a continuous wave terahertz system ‘CW Spectra 400’ along with fibre fed external devices.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Full Research Suite comprises of:
Market outlook & trends analysis
Interviews & case studies
Strategic recommendations
Vendor profiles & capabilities analysis
5-year forecasts
8 regions and 60+ country-level data splits
Market segment data splits
12 months of continuous data updates
DELIVERED AS:
PDF EXCEL ONLINE
Medical Terahertz Technology Market Trends - Growth & Forecast 2025 to 2035
4K Technology Market Size and Share Forecast Outlook 2025 to 2035
5G technology market Analysis by Technology Type, Application, Vertical, and Region – Growth, trends and forecast from 2025 to 2035
8K Technology Market
Nanotechnology Photocatalysis Surface Coating Industry Analysis in AMEA Size and Share Forecast Outlook 2025 to 2035
Nanotechnology Packaging Market Size and Share Forecast Outlook 2025 to 2035
Key Players & Market Share in GDS Technology Market
GDS Technology Market Insights - Growth & Forecast 2025 to 2035
Nanotechnology for food packaging Market
Food Technology Market Size and Share Forecast Outlook 2025 to 2035
Smart-Technology Anti-Wrinkle Peptides Market Size and Share Forecast Outlook 2025 to 2035
Laser Technology Market Size and Share Forecast Outlook 2025 to 2035
Green Technology And Sustainability Market Size and Share Forecast Outlook 2025 to 2035
Camera Technology Market Analysis – Trends & Forecast 2025 to 2035
Battery Technology Market Size and Share Forecast Outlook 2025 to 2035
Airline Technology Integration Market Size and Share Forecast Outlook 2025 to 2035
Food Biotechnology Market Size and Share Forecast Outlook 2025 to 2035
IO-Link technology Market Size and Share Forecast Outlook 2025 to 2035
Scaffold Technology Market Size and Share Forecast Outlook 2025 to 2035
Ablation Technology Market Size, Share, and Forecast Outlook 2025 to 2035
Terahertz Technology Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Chat With
MaRIA
