Terahertz components and systems market
Global Terahertz Components and Systems Market, By Components (Terahertz Sources, Terahertz Detectors), Systems (Systems based on spectroscopy, Terahertz Radar, Terahertz Sensing), Application (Industrial Process Management, Research Laboratory, Medical Imaging, Nondestructive Testing), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
- Sep 2017
- CMI596
- 189 Pages
- Excel & Pdf
- Semiconductors
Terahertz Components and Systems Market: Providing Continuous Process Management and Quality Control
The terahertz regime is compressed between infrared and microwaves, bridging the gap between optics and electronics. Electromagnetic waves with frequencies range between 100 GHz and 10 THz is primarily refers to as terahertz technology. Growing application of terahertz technology for material and equipment inspection, medical imaging, industrial process control management and research laboratories is anticipated to accelerate the growth of the terahertz components and systems market across different regions globally. X ray scanners, security systems, luggage scanners and complex medical imaging systems are some of the key application area of terahertz technologies. With the increasing research activities, the application of terahertz systems are expanding to space aircrafts and aerospace systems. Rising penetration for terahertz technology in nondestructive testing for different materials is also fueling the market for terahertz components and systems market globally. Terahertz imaging is one of the major nondestructive evaluation method which is primarily used for the dielectric materials inspection as well as quality control in the biomedical, pharmaceutical, security, aerospace and materials characterization industries. Moreover, active imaging methods are used for medical imaging as it is biologically safe and it is used for detecting skin cancer which is also one of the major driving factor for the market.
The global terahertz components and systems market was valued at US$ 96.3 million in 2017 and is expected to witness a CAGR of 27.9% during the forecast period (2017 – 2025).
Figure 1. Global Terahertz Components and Systems Market Attractiveness, By Region
Source: Coherent Market Insights Analysis (2017)
Increasing application of terahertz technology in nondestructive testing for biomedical and pharmaceutical materials drives the growth of terahertz components and systems market
Increasing application of terahertz technology for characterization and thickness mapping of ceramic, dielectric and composite materials is one of the major driving factor for the market. Terahertz technology primarily characterizes micro-structure variation in dielectric materials without causing any damage. Growing prevalence of chronic dieses like cancer and other skin related problems demand advanced technology based devices for better and quick detection for fast recovery. This in turn is boosting the application of terahertz radiations in different high end medical devices globally. The growing government initiatives towards security in high alert zones like airports, railway stations and metro stations along with growing concern towards homeland security is also anticipated to drive the global market over the forecast period. The available terahertz devices are expensive and bulky which may hinder the growth of the market in near future. However, with the increasing research activities in this field is working on innovating flexible and cost effective terahertz devices. Moreover, developments in terms of system robustness, cost efficiency and measuring speed have to be implemented to make terahertz systems more competitive.
Advanced terahertz technology for quality control and process management is a prominent factor to fuel the terahertz components and systems market
T-rays or terahertz radiations shows potential application in the food industry for quality control process. Owing to its sensitivity towards water, so terahertz radiations are suitable for moisture detection. Increasing technological advancement in the food industry along with growing concern towards food quality is boosting the market for terahertz components and systems globally. Moreover, solar industry and homeland security are some of the prime application areas of terahertz technology which is anticipated to have positive impact on the market over the forecast period. Terahertz technology also have potential applications in archeological and historical studies as it can primarily characterizes the metal, stone, paints and any material without causing any damage. Terahertz systems have potential applications for chemical recognition. Furthermore, terahertz technology also have applications in advanced telecommunications which is having a positive impact on the market for terahertz components and systems over the forecast period.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Components
- Market Snippet By Systems
- Market Snippet By Application
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Epidemiology/Prevalence/Incidence
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Global Terahertz Components and Systems Market, By Components, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 – 2025
- Segment Trends
- Terahertz Sources
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Terahertz Detectors
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Global Terahertz Components and Systems Market, By Systems, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 – 2025
- Systems based on spectroscopy
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Time Domain Spectroscopy
- Frequency Domain Spectroscopy
- Imaging by Scanning
- Terahertz Radar
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Terahertz Sensing
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Global Terahertz Components and Systems Market, By Application, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 – 2025
- Industrial Process Management
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Research Laboratory
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Medical Imaging
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Nondestructive Testing
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Global Terahertz Components and Systems Market, By Regions, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, For Regions, 2015 - 2025
- North America
- By Country
- U.S.
- Canada
- By Segment
- Market Size and Forecast, By Components, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Systems, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Europe
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Segment
- Market Size and Forecast, By Components, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Systems, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Components, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Systems, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Latin America
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Components, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Systems, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Middle East
- By Country
- GCC
- Israel
- Rest Of Middle East
- By Segment
- Market Size and Forecast, By Components, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Systems, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Africa
- By Country
- South Africa
- Central Africa
- North Africa
- By Segment
- Market Size and Forecast, By Components, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Systems, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Competitive Landscape
- Company Profiles
- Advantest Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Applied Research
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Photonics Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Digital Barriers PLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- EMCORE Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Bruker Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Teraview
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- NEC Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Menlo Systems GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Microtech Instruments Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Advantest Corporation
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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