+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Terahertz Market (2021 - 2026)

  • ID: 3920039
  • Report
  • January 2021
  • Region: Global
  • 84 pages
  • IndustryARC
The market for Terahertz is forecast to reach $1,382.66 million by 2025, growing at a CAGR of 27.44% from 2020 to 2025. Terahertz (THz) represents the portion of the electromagnetic radiation between the microwave and the infrared region. It is within the frequency range of 0.1–10 THz, corresponding to wavelengths of radiation from 3000 to 30 µm. This technology is poised to be fast growing in the coming years owing to its properties such as high chemical sensitivity and non-ionizing property.

Report Coverage


The report Terahertz Market: Forecast (2020-2025) covers an in-depth analysis of the following segments of the Terahertz market.

By Sources: Natural, Artificial, Others


By Sensor Type: Schottky barrier diode, Golay cell, Micro bolometer, Pyroelectric detector, Broadband antennas, High electron mobility transistor, Superconductive hot-spot air-bridge bolometer

By System Type: System based on spectroscopy, Systems based imaging, Terahertz radar, Terahertz sensing, Emerging systems, antennas

By Devices: Portable Terahertz imaging, Cameras, Terahertz detectors, Generators, Terahertz sources, Spectroscopes, Communication devices, Computing devices, Others

By Application: Industrial NDT, Defense & Homeland security, Food and beverage, Biomedical, Telecommunications, Banking & Financial Security, Others

By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • Americas is set to be the dominant region for Terahertz market owing to the high adoption of terahertz technology in defence sector.
  • Industrial NDT is analysed to be dominant segment in the terahertz market owing to the wide spread applications of terahertz technology in the non-destructive testing equipment.
  • Increasing demand from the security is analysed to be the key driver for the terahertz market.

Sensor Type - Segment Analysis


Micro Bolometer is analysed to grow at highest rate during the forecast period. Micro bolometers are used as detector in thermal cameras. Micro bolometers detects the terahertz radiation and changes the electrical resistance. The development of terahertz imaging systems based on narrow band micro bolometers sensors and novel diffractive lens are successfully applied for spectroscopic microscopy applications. The narrow band micro bolometer sensors (NBMS) is a sensitive terahertz frequency selective sensor which is widely used nowadays for the development of compact all electronic systems for multispectral terahertz measurements. The terahertz using micro bolometers for sensing applications are the most suitable detectors for terahertz imaging and spectroscopic applications.

Application- Segment Analysis


Industrial NDT segment is the major segment by application for the Terahertz market. This is owing to the properties that this technology has that improve various industrial operations. Terahertz imaging is widely used in aircraft, spacecraft non-destructive testing applications. In aircrafts, exterior is coated with specialty chemicals that are particularly difficult to measure. Terahertz pulses can be used to measure coating thickness once the coating gets dried. Adoption of portable terahertz scanners in aircrafts in providing the necessary information to assemble the airframe in order to ensure that parts are properly aligned is set to drive the terahertz market. In 2019, Teratonics, a French based deep tech start-up with a proprietary technology for contactless non-destructive testing (NDT) and imaging had received a seed investment from Socomore Ventures. Growing funding activities for terahertz systems in NDT applications is set to provide opportunities for the market.

Geography - Segment Analysis


Americas dominated the terahertz market in 2019 majorly attributed to the Adoption of this technology, in initial stages. Also, there is high production and export of terahertz devices from this region for defence sector, further contributing to its dominance. However, Asia-Pacific region is estimated to be the fastest growing region and will witness a CAGR of 30.34% during the forecast period 2020-2025. Large amount of investments as well as the research are being performed in these countries are resulting in the rapid growth of terahertz technology in this region for the coming years. Due to the large presence of manufacturing companies in China, a moderate growth rate is expected in the terahertz technology market. China Unicom has begun research into Terahertz communication, one of the main 6 G technologies. The company, in collaboration with 20 other companies and research organizations, has formed a research organisation, the Millimeter Wave Terahertz Joint Innovation Centre. The research collaboration will create several demonstration projects and establish a dozen or more standards, helping to expand the terahertz market.

Drivers: Terahertz Market


Huge Increase in Demand for Security System


The Security concerns have been a major issue so, the number of security application has been increasing that are driving the growth of terahertz market. The government and private enterprises has invested a large amount of money owing to growing terrorist activity. Security checks and surveillance have been the areas of concern in airports and other security critical places where there is a risk of terrorist attack. So, these factors are driving the growth of market. Increasing adoption of terahertz technology in industries such as aerospace and defence and homeland security and increasing investment in R&D activities are some of the factors that are contributing the growth of market.

Increasing Demand for Terahertz Technology in Medical Sector


Increasing application of high-end terahertz devices in biology and medical science sectors and also high demand in research laboratory and process control monitoring processes are some factors driving the growth of market. Terahertz has shown a great potential in biomedical research owing to its unique features such as non-invasive and label-free identification of living cells and medical imaging. Terahertz technology is widely used for blood cell detection, cancer cell characterization, bacterial identification, and biological tissue discrimination that are increasing the growth of terahertz market.

Challenges: Terahertz Market


High Cost of Terahertz Technology


High cost of terahertz technology and lack of awareness regarding terahertz technology can result into slow adoption rate and concerns regarding accuracy and reliability issues are some factors that are restraining the growth of market. According to National Institute of Information and Communications Technology, the cost of terahertz technology is high and is estimated to increase about $100,000 owing to use of laser and other costly technologies. So, limited penetration of terahertz technology, scattering effect, limited sensitivity and low limit detection are some factors that are challenging the growth of market.

Market Landscape


Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Terahertz market. Terahertz market is expected to be dominated by major companies such as Advanced Photonix, Inc., Menlo Systems GmbH, Microtech Instruments, Inc., QMC Instruments Ltd., TeraView Limited, Toptica Photonics AG, Digital Barriers PLC, Advantest Corporation, Acal PLC, TeraSense Inc. among others.

Acquisitions/Technology Launches

  • In June 2018, TeraMetrix has launched New Products for the Non-Destructive Testing Market at ECNDT.
  • In February 2019, Advantest Corporation completes the acquisition of semiconductor level test business from Astronics Corporation.


This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
1. Terahertz Market - Overview
1.1. Definitions and Scope

2. Terahertz Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. Terahertz Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis

4. Terahertz Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes

5. Terahertz Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share

6. Terahertz Market - By Sources (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Introduction
6.3.2. Natural
6.3.2.1. Black body radiation
6.3.3. Artificial
6.3.3.1. Gyrotron
6.3.3.2. Backward wave oscillators(BWO)
6.3.3.3. Far infrared laser(fir laser)
6.3.3.4. Quantum cascade laser
6.3.3.5. Free electron laser(Fel)
6.3.3.6. Synchrotron light sources
6.3.3.7. Photo-mixing sources
6.3.3.8. Others
6.3.3.8.1. Photoconductive
6.3.3.8.2. Surface field
6.3.3.8.3. Photo-dember
6.3.3.8.4. Optical rectification emitters

7. Terahertz Market - By Terahertz sensors (Market Size -$Million / $Billion)
7.1. Schottky barrier diode
7.2. Golay cell
7.3. Microbolometer
7.4. Pyroelectric detector
7.5. Broadband antennas
7.6. High electron mobility transistor(HEMT)
7.7. Superconductive hot-spot air-bridge bolometer

8. Terahertz Market - By system type (Market Size -$Million / $Billion)
8.1. Systems based on spectroscopy
8.1.1. Time domain spectroscopy
8.1.2. Frequency domain spectroscopy
8.2. Systems based on imaging
8.2.1. Imaging by canning
8.2.2. Incoherent imaging
8.3. Terahertz radar
8.4. Terahertz sensing
8.5. Emerging systems
8.6. Antennas

9. Terahertz Market - By Applications (Market Size -$Million / $Billion)
9.1. Industrial NDT
9.1.1. Chemical composition analysis and molecular structure
9.1.2. Composites QA/QC & Maintenance
9.1.3. Pharmaceutical products QC
9.1.4. Control of semiconductors
9.1.5. Thickness measurements
9.1.6. others
9.2. Defense and homeland security
9.2.1. Explosives and harmful materials point sensing
9.2.2. Bio/chemical agents detection
9.2.3. Weapons detection
9.2.3.1. People scanning and imaging
9.2.3.2. Baggage and package imaging
9.2.4. Mail scanning
9.3. Food and beverages
9.4. Biomedical
9.4.1. Oncology
9.4.2. Dentistry
9.4.3. Dermatology
9.4.4. Biosensors
9.4.5. Medical imaging
9.5. Telecommunications
9.5.1. High-speed outside communication
9.5.2. Broadband indoor communication
9.6. Banking and financial security
9.6.1. Authentication of important documents
9.6.2. Detect counterfeit money
9.7. Others
9.7.1. Atmospheric chemistry
9.7.2. Laboratory research applications
9.7.3. Astrophysics and radio-astronomy

10. Terahertz Market - By Devices (Market Size -$Million / $Billion)
10.1. Portable terahertz imaging systems
10.2. Cameras
10.3. Terahertz detectors
10.4. Generators
10.5. Terahertz sources
10.6. Spectroscopes
10.7. Communication devices
10.8. Computing devices
10.9. Other sensors
10.10. others

11. Terahertz - By Geography (Market Size -$Million / $Billion)
11.1. Terahertz Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada
11.2.5.3. Mexico
11.2.5.4. Rest of North America
11.3. Terahertz - South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size
11.4.5.1. Brazil
11.4.5.2. Venezuela
11.4.5.3. Argentina
11.4.5.4. Ecuador
11.4.5.5. Peru
11.4.5.6. Colombia
11.4.5.7. Costa Rica
11.4.5.8. Rest of South America
11.5. Terahertz - Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product type and Application Market Size
11.6.5.1. U.K
11.6.5.2. Germany
11.6.5.3. Italy
11.6.5.4. France
11.6.5.5. Netherlands
11.6.5.6. Belgium
11.6.5.7. Spain
11.6.5.8. Denmark
11.6.5.9. Rest of Europe
11.7. Terahertz - APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment - Product type and Application Market Size
11.8.5.1. China
11.8.5.2. Australia
11.8.5.3. Japan
11.8.5.4. South Korea
11.8.5.5. India
11.8.5.6. Taiwan
11.8.5.7. Malaysia

12. Terahertz Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships

13. Terahertz Market Company Analysis
13.1. Market Share, Company Revenue, Products, M&A, Developments
13.2. Qualcomm Technologies, Inc.
13.3. Advanced Photonix, Inc.
13.4. Toptica Photonics AG
13.5. Menlo Systems GmbH
13.6. QMC Instruments Ltd.
13.7. Company 6
13.8. Company 7
13.9. Company 8
13.10. Company 9
13.11. Company 10 and more
*Financials would be provided on a best efforts basis for private companies

14. Terahertz Market -Appendix
14.1. Abbreviations
14.2. Sources
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll