Terahertz Technology Market
Terahertz Technology Market Size, Share & Trends Analysis Report by Technology (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Communication Systems), and by End-User (Medical & Healthcare, Defense and Security, Automotive and Aerospace, Semi-conductor and Electronics, Telecommunications and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Terahertz technology market is anticipated to grow at a significant CAGR of 15.9% during the forecast period. The terahertz wave is an electromagnetic wave with a spectrum ranging between microwave and infrared. It has the advantages of low energy, non-invasive, high resolution, and penetration. The technology is utilized for various applications such as gas detection, space probes, imagers and telescopes, superconductive sensors, spectroscopy of fluids, range finding, automotive radar, dust-immune communications, board-to-board wireless communication, skin cancer detection, ceramic crack detection, pathogen identification. Further advancements in research and development for developing new ways to utilize terahertz technology are anticipated to fuel the demand for terahertz technology for the forecast period. For instance, in May 2022, a team of scientists at the Cavendish Laboratory discovered a new effect in two-dimensional conductive systems that promises improved performance of terahertz detectors. Terahertz frequencies, which lie between microwave and infrared on the spectrum of electromagnetic radiation, could enable faster, safer, and more effective imaging technologies, as well as much higher speed wireless telecommunications. A lack of effective real-world devices has hampered these developments, but this breakthrough brings us one step closer to these advanced technologies.
Segmental Outlook
The global terahertz technology market is segmented based on the technology and end-user. Based on the technology, the market is segmented into terahertz imaging systems, terahertz spectroscopy systems, and communication systems. Based on the end-user, the market is sub-segmented into medical & healthcare, defense and security, automotive and aerospace, semi-conductor and electronic and telecommunications, and others. Among technology, terahertz imaging systems accounted for a significant market share in the global terahertz technology market. The technology has various advantages such as low energy, non-invasive, high resolution, and penetration which makes it relatively safe for biomedical application and is thus has been applied in terahertz imaging systems.
Among the end-user, the electronic and telecommunications sub-segment is anticipated to register significant growth during the forecast period. The growing demand for wireless communication technology and R&D to utilize terahertz technology for wireless communication are some of the primary factors driving the growth of the electronic and telecommunications segment in the market. For instance, in June 2022, Scientists from a project coordinated by Technische Universität Braunschweig in Germany and Waseda University in Japan succeeded in developing a bidirectional THz radio link that can be connected as a "backhaul" to the data network of mobile radio providers. This link achieved by the Horizon Europe-funded new windowThoR project, can realize high data rates and thus play an important role in the network infrastructure of the future.
Regional Outlooks
The global terahertz technology market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).
Global Terahertz Technology Market Growth, by Region 2022-2028
The Asia-Pacific Regionis Expected to Hold aSignificant Share in the Global Terahertz Technology Market
Among all the regions, the Asia-Pacific region is anticipated to hold a significant share for the forecast period. The regional growth is majorly attributed due to the growing economic development in countries such as China, India, and others. The region encompasses a large population forming a vast customer base that attracts key players to expand in the region. Further, the development of end-use industries having terahertz technology applications such as aerospace, semiconductor and electronics, telecommunications, and others are anticipated to fuel the demand for terahertz technology in the region for the forecast period. For instance, in October 2021, Menlo Systems announced the opening of Menlo Systems Quantum Laser Technology Co., Ltd. subsidiary company in China, Shanghai This expansion is expected to strengthen the company’s position in the photonics market in China.
Market Players Outlook
The major companies serving the global terahertz technology market include Advantest Corporation, Luna Innovations Incorporated, TeraView Limited, TOPTICA Photonics AG, HÜBNER GmbH & Co. KG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2022, Advantest Corp.acquired CREA - Collaudi Elettronici Automatizzati S.r.l. The acquisition will support both companies to implement integrated business activities in an evolving semiconductor Value Chain.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global terahertz technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. ByRegion
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Advantest Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Bruker Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Luna Innovations Incorporated
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Terahertz Technology Market by Technology
4.1.1. Terahertz Imaging Systems
4.1.2. Terahertz Spectroscopy Systems
4.1.3. Communication Systems
4.2. Global Terahertz TechnologyMarket by End-User
4.2.1. Medical & Healthcare
4.2.2. Defense and Security
4.2.3. Automotive and Aerospace
4.2.4. Semi-conductor and Electronic
4.2.5. Telecommunications
4.2.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bakman Technologies LLC
6.2. Batop GmbH
6.3. Bridge12 Technologies, Inc.
6.4. Del Mar Photonics, Inc.
6.5. Gentec Electro-optics Inc.
6.6. HÜBNER GmbH & Co. KG
6.7. Insight Product Co.
6.8. Lytid SAS
6.9. Menlo Systems GmbH
6.10. Merchant logo
6.11. Microtech Instrument Inc.
6.12. QMC Instruments Ltd.
6.13. Quantum Design Inc.
6.14. RaySecur Inc.
6.15. Sciencetech Inc.
6.16. Spectral Sciences Inc.
6.17. Terasense Group Inc.
6.18. TeraView Ltd.
6.19. Teravil Ltd.
6.20. Thorlabs, Inc.
6.21. TOPTICA Photonics AG
6.22. TYDEX, LLC
6.23. Virginia Diodes, Inc.
1. GLOBAL TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL TERAHERTZ IMAGING SYSTEMS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL TERAHERTZ SPECTROSCOPY SYSTEMS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL TERAHERTZ TECHNOLOGY FOR COMMUNICATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
6. GLOBAL TERAHERTZ TECHNOLOGY FOR MEDICAL & HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL TERAHERTZ TECHNOLOGY FOR DEFENSE AND SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL TERAHERTZ TECHNOLOGY FOR AUTOMOTIVE AND AEROSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL TERAHERTZ TECHNOLOGY FOR SEMI-CONDUCTOR AND ELECTRONIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL TERAHERTZ TECHNOLOGY FOR TELECOMMUNICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL TERAHERTZ TECHNOLOGY FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16. EUROPEAN TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
18. EUROPEAN TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
22. REST OF THE WORLD TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD TERAHERTZ TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL TERAHERTZ TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
2. GLOBAL TERAHERTZ IMAGING SYSTEMS TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL TERAHERTZ SPECTROSCOPY SYSTEMS TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL TERAHERTZ TECHNOLOGY FOR COMMUNICATION SYSTEMS TECHNOLOGY MARKET SHARE REGION, 2021 VS 2028 (%)
5. GLOBAL TERAHERTZ TECHNOLOGY MARKET SHARE BY END-USER, 2021 VS 2028 (%)
6. GLOBAL TERAHERTZ TECHNOLOGY FOR MEDICAL & HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL TERAHERTZ TECHNOLOGY FOR DEFENSE AND SECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL TERAHERTZ TECHNOLOGY FOR AUTOMOTIVE AND AEROSPACE MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL TERAHERTZ TECHNOLOGY FOR SEMI-CONDUCTOR AND ELECTRONIC MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL TERAHERTZ TECHNOLOGY FOR TELECOMMUNICATIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL TERAHERTZ TECHNOLOGY FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL TERAHERTZ TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
15. UK TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD TERAHERTZ TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
