Global Terahertz Technologies Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 223
- CATEGORY
- Information Technology
In 2021, the market for Terahertz Technologies worldwide was worth $0.70 billion US dollars. AMR Group projects that the market will reach US$ 1.8 billion by 2031, growing at a CAGR of 15 percent between 2022 and 2031.
Industry Overview
Terahertz technologies refer to the use of electromagnetic waves with frequencies in the terahertz (THz) range, which corresponds to wavelengths between approximately 0.1 and 1 millimeters. This frequency range lies between the microwave and infrared regions of the electromagnetic spectrum. Terahertz technologies have numerous applications in science, medicine, security, and communications. For example, terahertz radiation can be used for imaging and sensing applications, as it can penetrate many materials, such as plastics, textiles, and paper, while being absorbed by water and metals. This makes it useful for detecting hidden objects, such as weapons or drugs, as well as for imaging biological tissues, such as skin and teeth.
Other applications of terahertz technologies include high-speed wireless communications, spectroscopy, and material characterization. Terahertz radiation can also be used for non-destructive testing and quality control in manufacturing processes. However, the use of terahertz technologies also presents some challenges, such as the need for specialized equipment to generate and detect terahertz radiation and the potential health risks associated with exposure to high-intensity terahertz radiation.
Market Dynamics
The market dynamics for terahertz technologies are influenced by a range of factors, including technological advancements, government regulations, industry partnerships and collaborations, and consumer demand. Some of the key drivers and challenges of the terahertz market include:
Drivers:
Advancements in terahertz technologies: The development of new terahertz technologies is driving market growth, as these innovations offer new capabilities and applications for users.
Increasing demand for non-destructive testing: The demand for non-destructive testing methods is increasing across industries, and terahertz technologies offer an effective solution for this need.
Growth in the security industry: The use of terahertz technologies for security and screening applications, such as at airports or other public areas, is driving market growth.
Growing adoption of terahertz spectroscopy: Terahertz spectroscopy is increasingly being used in the pharmaceutical, biotech, and healthcare industries for analysis and quality control purposes.
Challenges:
High cost of terahertz technologies: The high cost of terahertz technologies is a significant challenge, particularly for smaller companies and start-ups.
Limited awareness of terahertz technologies: Many potential customers and end-users may not be aware of the benefits of terahertz technologies, which can limit adoption rates.
Regulatory challenges: Terahertz technologies may be subject to strict government regulations related to safety and health, which can limit market growth.
Competition from alternative technologies: Other technologies, such as X-rays or ultrasound, may offer similar capabilities to terahertz technologies, which can create competition and limit market share. Overall, the terahertz market is expected to continue to grow in the coming years, driven by advancements in technology and increasing demand for non-destructive testing, security, and spectroscopy applications.
COVID Impact
The COVID-19 pandemic has had both positive and negative impacts on the terahertz technology market.
Positive impacts:
Increased demand for security and screening technologies: Terahertz technologies have been used in some countries for fever screening at airports and other public places to detect people with high body temperatures, which is a symptom of COVID-19 infection.
Demand for non-contact temperature sensing: Terahertz technologies can be used for contactless temperature sensing, which has become a priority during the pandemic to avoid transmission of the virus.
Potential for remote sensing: The pandemic has increased the need for remote sensing technologies to reduce the risk of infection, and terahertz technologies offer the potential for remote sensing applications.
Negative impacts:
Disruptions in supply chain and manufacturing: The pandemic has caused significant disruptions in the global supply chain and manufacturing industry, which has affected the production and availability of terahertz technologies.
Reduced R&D spending: The pandemic has led to a reduction in R&D spending for many companies, which can slow down the development of new terahertz technologies.
Reduction in customer demand: Many potential customers for terahertz technologies, such as those in the automotive or aerospace industries, have experienced a decline in demand due to the pandemic, which can affect market growth. Overall, the COVID-19 pandemic has had both positive and negative impacts on the terahertz technology market. While there have been some opportunities for growth, the pandemic has also presented significant challenges for the industry.
Regional Trend
The terahertz technology market can be analyzed regionally to understand the demand and growth trends in different parts of the world. Here are some key regional insights:
North America: North America is expected to be a major market for terahertz technologies due to the presence of key market players and high R&D investments in the region. The US is expected to lead the market in this region due to a large number of terahertz technology companies and research institutions.
Europe: Europe is also a significant market for terahertz technologies due to increasing demand for non-destructive testing, material characterization, and security applications. The UK, Germany, and France are expected to be the major markets in Europe due to the presence of key market players and increasing investments in research and development.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the terahertz technology market due to increasing investments in R&D, particularly in countries like China, Japan, and South Korea. The region is also home to a large number of manufacturing facilities and is expected to witness high demand for terahertz technologies for quality control and inspection applications.
Middle East and Africa: The terahertz technology market in the Middle East and Africa is expected to witness growth due to increasing investments in security applications, particularly in countries like Saudi Arabia and the UAE.
Latin America: The terahertz technology market in Latin America is expected to witness moderate growth due to increasing demand for non-destructive testing and quality control applications. Brazil and Mexico are expected to be the major markets in the region due to increasing investments in R&D and the presence of key market players.
Competitive Landscape
The terahertz technology market is highly competitive, with a large number of players operating in the market. Here are some of the key players in the market:
TeraView Ltd.: TeraView is a UK-based company that offers terahertz spectroscopy and imaging solutions for a range of applications, including non-destructive testing, quality control, and research.
Luna Innovations: Luna Innovations is a US-based company that offers terahertz technology solutions for a range of applications, including material characterization, security, and quality control.
Menlo Systems: Menlo Systems is a German company that offers terahertz technology solutions for a range of applications, including spectroscopy, imaging, and sensing.
Advantest Corporation: Advantest Corporation is a Japanese company that offers terahertz technology solutions for a range of applications, including semiconductor testing, material characterization, and quality control.
Bruker Corporation: Bruker Corporation is a US-based company that offers terahertz technology solutions for a range of applications, including pharmaceuticals, semiconductors, and security.
Toptica Photonics AG: Toptica Photonics is a German company that offers terahertz technology solutions for a range of applications, including spectroscopy, imaging, and sensing.
Batop GmbH: Batop is a German company that offers terahertz technology solutions for a range of applications, including security, industrial inspection, and material characterization.
Teraview Technology Limited: Teraview Technology is a UK-based company that offers terahertz technology solutions for a range of applications, including security, biomedical imaging, and pharmaceuticals.
Advanet Inc.: Advanet is a Japanese company that offers terahertz technology solutions for a range of applications, including material characterization, security, and quality control.
NEC Corporation: NEC Corporation is a Japanese company that offers terahertz technology solutions for a range of applications, including security, healthcare, and material characterization. These companies are constantly innovating and investing in R&D to develop new and advanced terahertz technology solutions to cater to the growing demand from various industries.
Market Segmentation
The terahertz technology market can be segmented based on several factors, including application, component, and region. Here are some of the key market segments:
By application:
Non-destructive testing
Quality control and inspection
Material characterization
Spectroscopy and imaging
Security and surveillance
Communication
By component:
Sources
Detectors
Systems
Others (accessories, software, etc.)
By region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
The non-destructive testing segment is expected to hold the largest share of the terahertz technology market, driven by increasing demand for non-invasive and non-destructive testing solutions across industries. The material characterization segment is also expected to witness significant growth due to increasing demand for terahertz spectroscopy and imaging solutions for material analysis. In terms of components, the systems segment is expected to hold the largest share of the market, driven by increasing demand for terahertz systems for various applications such as non-destructive testing and quality control.
Key Points:
Define, describe and forecast Terahertz Technologies product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Terahertz Technologies Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Terahertz Technologies
1.3 Terahertz Technologies Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Terahertz Technologies
1.4.2 Applications of Terahertz Technologies
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Gentec Electro-optics Inc. Market Performance Analysis
3.1.1 Gentec Electro-optics Inc. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Gentec Electro-optics Inc. Sales, Value, Price, Gross Margin 2016-2021
3.2 Microtech Instrument Inc. Market Performance Analysis
3.2.1 Microtech Instrument Inc. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Microtech Instrument Inc. Sales, Value, Price, Gross Margin 2016-2021
3.3 Advantest Corporation Market Performance Analysis
3.3.1 Advantest Corporation Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Advantest Corporation Sales, Value, Price, Gross Margin 2016-2021
3.4 TOPTICA Photonics AG Market Performance Analysis
3.4.1 TOPTICA Photonics AG Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 TOPTICA Photonics AG Sales, Value, Price, Gross Margin 2016-2021
3.5 TeraView Limited Market Performance Analysis
3.5.1 TeraView Limited Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 TeraView Limited Sales, Value, Price, Gross Margin 2016-2021
3.6 Traycer Diagnostics Systems Inc. Market Performance Analysis
3.6.1 Traycer Diagnostics Systems Inc. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Traycer Diagnostics Systems Inc. Sales, Value, Price, Gross Margin 2016-2021
3.7 Luna Innovations Market Performance Analysis
3.7.1 Luna Innovations Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Luna Innovations Sales, Value, Price, Gross Margin 2016-2021
3.8 HÃœBNER GmbH & Co. KG Market Performance Analysis
3.8.1 HÃœBNER GmbH & Co. KG Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 HÃœBNER GmbH & Co. KG Sales, Value, Price, Gross Margin 2016-2021
3.9 Terasense Group Inc. Market Performance Analysis
3.9.1 Terasense Group Inc. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Terasense Group Inc. Sales, Value, Price, Gross Margin 2016-2021
3.10 Bakman Technologies Market Performance Analysis
3.10.1 Bakman Technologies Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Bakman Technologies Sales, Value, Price, Gross Margin 2016-2021
3.11 Menlo Systems GmbH Market Performance Analysis
3.11.1 Menlo Systems GmbH Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Menlo Systems GmbH Sales, Value, Price, Gross Margin 2016-2021
3.12 Digital Barriers PLC Market Performance Analysis
3.12.1 Digital Barriers PLC Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Digital Barriers PLC Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Terahertz Technologies Production and Value by Type
4.1.1 Global Terahertz Technologies Production by Type 2016-2021
4.1.2 Global Terahertz Technologies Market Value by Type 2016-2021
4.2 Global Terahertz Technologies Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Terahertz Imaging Systems Market Production, Value and Growth Rate
4.2.2 Terahertz Spectroscopy Systems Market Production, Value and Growth Rate
4.2.3 Communication Systems Market Production, Value and Growth Rate
4.3 Global Terahertz Technologies Production and Value Forecast by Type
4.3.1 Global Terahertz Technologies Production Forecast by Type 2021-2026
4.3.2 Global Terahertz Technologies Market Value Forecast by Type 2021-2026
4.4 Global Terahertz Technologies Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Terahertz Imaging Systems Market Production, Value and Growth Rate Forecast
4.4.2 Terahertz Spectroscopy Systems Market Production, Value and Growth Rate Forecast
4.4.3 Communication Systems Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Terahertz Technologies Consumption and Value by Application
5.1.1 Global Terahertz Technologies Consumption by Application 2016-2021
5.1.2 Global Terahertz Technologies Market Value by Application 2016-2021
5.2 Global Terahertz Technologies Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Healthcare Market Consumption, Value and Growth Rate
5.2.2 Defense and Security Market Consumption, Value and Growth Rate
5.2.3 Telecommunications Market Consumption, Value and Growth Rate
5.2.4 Industrial Market Consumption, Value and Growth Rate
5.2.5 Food and Agriculture Market Consumption, Value and Growth Rate
5.2.6 Laboratories Market Consumption, Value and Growth Rate
5.2.7 Others Market Consumption, Value and Growth Rate
5.3 Global Terahertz Technologies Consumption and Value Forecast by Application
5.3.1 Global Terahertz Technologies Consumption Forecast by Application 2021-2026
5.3.2 Global Terahertz Technologies Market Value Forecast by Application 2021-2026
5.4 Global Terahertz Technologies Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Healthcare Market Consumption, Value and Growth Rate Forecast
5.4.2 Defense and Security Market Consumption, Value and Growth Rate Forecast
5.4.3 Telecommunications Market Consumption, Value and Growth Rate Forecast
5.4.4 Industrial Market Consumption, Value and Growth Rate Forecast
5.4.5 Food and Agriculture Market Consumption, Value and Growth Rate Forecast
5.4.6 Laboratories Market Consumption, Value and Growth Rate Forecast
5.4.7 Others Market Consumption, Value and Growth Rate Forecast
6 Global Terahertz Technologies by Region, Historical Data and Market Forecasts
6.1 Global Terahertz Technologies Sales by Region 2016-2021
6.2 Global Terahertz Technologies Market Value by Region 2016-2021
6.3 Global Terahertz Technologies Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Terahertz Technologies Sales Forecast by Region 2021-2026
6.5 Global Terahertz Technologies Market Value Forecast by Region 2021-2026
6.6 Global Terahertz Technologies Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Terahertz Technologies Value and Market Growth 2016-2021
7.2 United State Terahertz Technologies Sales and Market Growth 2016-2021
7.3 United State Terahertz Technologies Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Terahertz Technologies Value and Market Growth 2016-2021
8.2 Canada Terahertz Technologies Sales and Market Growth 2016-2021
8.3 Canada Terahertz Technologies Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Terahertz Technologies Value and Market Growth 2016-2021
9.2 Germany Terahertz Technologies Sales and Market Growth 2016-2021
9.3 Germany Terahertz Technologies Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Terahertz Technologies Value and Market Growth 2016-2021
10.2 UK Terahertz Technologies Sales and Market Growth 2016-2021
10.3 UK Terahertz Technologies Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Terahertz Technologies Value and Market Growth 2016-2021
11.2 France Terahertz Technologies Sales and Market Growth 2016-2021
11.3 France Terahertz Technologies Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Terahertz Technologies Value and Market Growth 2016-2021
12.2 Italy Terahertz Technologies Sales and Market Growth 2016-2021
12.3 Italy Terahertz Technologies Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Terahertz Technologies Value and Market Growth 2016-2021
13.2 Spain Terahertz Technologies Sales and Market Growth 2016-2021
13.3 Spain Terahertz Technologies Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Terahertz Technologies Value and Market Growth 2016-2021
14.2 Russia Terahertz Technologies Sales and Market Growth 2016-2021
14.3 Russia Terahertz Technologies Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Terahertz Technologies Value and Market Growth 2016-2021
15.2 China Terahertz Technologies Sales and Market Growth 2016-2021
15.3 China Terahertz Technologies Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Terahertz Technologies Value and Market Growth 2016-2021
16.2 Japan Terahertz Technologies Sales and Market Growth 2016-2021
16.3 Japan Terahertz Technologies Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Terahertz Technologies Value and Market Growth 2016-2021
17.2 South Korea Terahertz Technologies Sales and Market Growth 2016-2021
17.3 South Korea Terahertz Technologies Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Terahertz Technologies Value and Market Growth 2016-2021
18.2 Australia Terahertz Technologies Sales and Market Growth 2016-2021
18.3 Australia Terahertz Technologies Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Terahertz Technologies Value and Market Growth 2016-2021
19.2 Thailand Terahertz Technologies Sales and Market Growth 2016-2021
19.3 Thailand Terahertz Technologies Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Terahertz Technologies Value and Market Growth 2016-2021
20.2 Brazil Terahertz Technologies Sales and Market Growth 2016-2021
20.3 Brazil Terahertz Technologies Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Terahertz Technologies Value and Market Growth 2016-2021
21.2 Argentina Terahertz Technologies Sales and Market Growth 2016-2021
21.3 Argentina Terahertz Technologies Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Terahertz Technologies Value and Market Growth 2016-2021
22.2 Chile Terahertz Technologies Sales and Market Growth 2016-2021
22.3 Chile Terahertz Technologies Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Terahertz Technologies Value and Market Growth 2016-2021
23.2 South Africa Terahertz Technologies Sales and Market Growth 2016-2021
23.3 South Africa Terahertz Technologies Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Terahertz Technologies Value and Market Growth 2016-2021
24.2 Egypt Terahertz Technologies Sales and Market Growth 2016-2021
24.3 Egypt Terahertz Technologies Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Terahertz Technologies Value and Market Growth 2016-2021
25.2 UAE Terahertz Technologies Sales and Market Growth 2016-2021
25.3 UAE Terahertz Technologies Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Terahertz Technologies Value and Market Growth 2016-2021
26.2 Saudi Arabia Terahertz Technologies Sales and Market Growth 2016-2021
26.3 Saudi Arabia Terahertz Technologies Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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