Terahertz technologies market
Terahertz Technologies Market, By type of Technology (Terahertz Imaging Systems (Active System, Passive System), Terahertz Spectroscopy Systems (Time Domain, Frequency Domain), Communication Systems), By the End-user (Healthcare, Defense and Security, Telecommunications, Industrial, Food and Agriculture, Laboratories, Other End Users), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Jul 2022
- CMI5070
- 175 Pages
- Excel & Pdf
- Smart Technologies
Terahertz technology is a part of the electromagnetic spectrum. These waves are visible between the infrared and microwave ranges. Their high-frequency nature enables them to enter more materials than microwaves, and they offer better spatial resolution than infrared.
Market Statistics:
The global terahertz technologies market was valued at US$ 421.5 Mn in 2021 and is forecast to reach a value of US$ 2827.3 Mn by 2030 at a CAGR of 23.7% between 2022 and 2030.
Figure 1: Global Terahertz Technologies Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030
Market Drivers:
Driver 1:
The ability to render high-quality spectroscopy imaging through terahertz radiation and the diagnosis of certain chronic diseases has been done at ease. This is anticipated to boost the growth of the global terahertz technologies market. As per NHC, around 157 million people globally suffer from different chronic diseases.
Driver 2:
The replacement of the conventional x-rays and infrared rays with terahertz rays has been the main step in making huge inroads towards creating the technology in the healthcare industry, which is anticipated to boost the growth of the global terahertz technologies market.
Figure 2: Global Terahertz Technologies Market Share (%), By Region, 2021
Market Restraints:
Restraint 1:
The use of ICs and IoT devices makes the network more complex. Similarly, for network monitoring and control, drop modules, variable optical attenuators, and tap power monitors are required to be fixed in a single compact unit which is not available in terahertz technologies is expected to hamper the growth of global terahertz technologies market.
Restraint 2:
The lack of awareness about the terahertz technologies, especially in the developing regions is a factor anticipated to hinder the growth of the global terahertz technologies market.
Terahertz Technologies Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 421.5 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 23.7% | 2030 Value Projection: | US$ 2827.3 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Menlo Systems GmbH, Luna Innovations, TOPTICA Photonics AG, Advantest Corporation, Bakman Technologies LLC, Teravil Ltd, Terasense Group Inc., Gentec Electro-optics Inc., HÜBNER GmbH & Co. KG, Microtech Instruments, Inc., TeraView Limited and Batop GmbH. |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Opportunities
Opportunity 1:
The expansion of telecommunication infrastructure will have a substantial effect on developing countries in a positive way. Which is anticipated to boost the growth of the global terahertz technologies market. With the advent of IoT, AI, and Big Data, there is an increasing demand for smart devices and other connected applications which is expected to propel the growth of global terahertz technologies market.
Opportunity 2:
The interconnected technologies in telecommunication sectors play an important role in capturing, translating, and transferring data into meaningful information, which is important for the reinforcement of urban infrastructure. This is expected to boost the growth of the global terahertz technologies market.
Key Trends/Takeaways:
Trend 1:
Metal detection and X-ray bag scanning are time-consuming procedures; it becomes very difficult in public transportation hubs with frequent movements. Hence, there is a need for technological solutions which can perform security checks even at a distance from the possible source. Terahertz technology enables the scanning of a large number of people without the need of stopping them for security check. This is expected to boost the growth of global terahertz technologies market.
Trend 2:
With the rising need for security in recent times, the capability to identify threats such as hidden weapons and body-worn explosives is a strong operational requirement. Due to the growing emphasis on imaging concealed explosives, terahertz technology for security and defense-related applications recently experienced rising interest. Which is expected act as a trend for the growth of global terahertz technologies market.
Competitive Landscape:
Key players operating in the global terahertz technologies market are Menlo Systems GmbH, Luna Innovations, TOPTICA Photonics AG, Advantest Corporation, Bakman Technologies LLC, Teravil Ltd, Terasense Group Inc., Gentec Electro-optics Inc., HÜBNER GmbH & Co. KG, Microtech Instruments, Inc., TeraView Limited and Batop GmbH.
Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Terahertz Technologies, By Type
- Market Terahertz Technologies, By End-user
- Market Terahertz Technologies, By Geography
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Capacity of visualizing the contents of the sealed packets
- Huge expenditure in adoption of terahertz technology
- The ability to conduct partial and full scanning and other security screenings
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Global Terahertz Technologies Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Global Terahertz Technologies Market, By type of Technology, 2017 - 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Terahertz Imaging System
- Introduction
- Market Size and Forecast , and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Active System
- Passive System
- Terahertz Spectroscopy System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Time Domain
- Frequency Domain
- Communication Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Introduction
- Global Terahertz Technologies Market, By End-Users, 2017 - 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 - 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth , 2017-2030,(US$ Mn)
- Defense and Security
- Introduction
- Market Size and Forecast and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Telecommunications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Food and Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Other end users
- Introduction
- Market Size and Forecast, and Y-o-Y Growth , 2017-2030,(US$ Mn)
- Introduction
- Global Terahertz Technologies Market, By Region, 2017 - 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 - 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Rest of the World
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Introduction
- Competitive Landscape:
- Luna Innovations
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Teravil Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- TeraView Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- TOPTICA Photonics AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- HÜBNER GmbH & Co. KG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Advantest Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Batop GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Terasense Group Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Microtech Instruments, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Menlo Systems GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Gentec Electro-optics Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bakman Technologies LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Luna Innovations
- Section:
- Research Methodology
- About Us
*Browse 24 market data tables and 28 figures on "TERAHERTZ TECHNOLOGIES MARKET” - Global forecast to 2030
Detailed Segmentation:
- Global Terahertz Technologies Market, By Type of Technology:
-
- Terahertz Imaging Systems
- Active System
- Passive System
- Terahertz Spectroscopy Systems
- Time Domain
- Frequency Domain
- Communication Systems
- Terahertz Imaging Systems
- Global Terahertz Technologies Market, By End User:
-
- Healthcare
- Defense and Security
- Telecommunications
- Industrial
- Food and Agriculture
- Laboratories
- Other End Users
- Global Terahertz Technologies Market, By Geography:
-
- North America
- Europe
- Asia-Pacific
- Rest of the World