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Europe Terahertz Technology Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Component, Type, and Application

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    Report

  • 134 Pages
  • August 2023
  • Region: Europe
  • The Insight Partners
  • ID: 5147228
UP TO OFF until Mar 31st 2024
The Europe terahertz technology market is expected to grow from US$ 172.10 million in 2023 to US$ 901.05 million by 2030; it is estimated to grow at a CAGR of 26.7% from 2023 to 2030.

Expansion of the 6G technology

Terahertz waves have a much higher frequency than current wireless communication bands, which can support much higher data rates. Terahertz waves can support data rates of up to 100 Gbps, much faster than current wireless communication standards. Terahertz technology could be used in 5G and 6G telecommunications. In the UK, due to rising demand of high-speed networks, the manufacturer and the research organization are developing terahertz technology suitable for 6G connections. For instance, in April 2023, Keysight Technologies, Inc, in collaboration with the National Physical Laboratory (NPL) and the University of Surrey, made the first 6G connection at speeds greater than 100 gigabits per second (Gbps) over sub-terahertz (THz) frequencies. The 6G connection is used for future use cases such as AR (augmented reality) and autonomous vehicles. These future use cases have required a speed from 100 Gbps to 1 terabit per second (Tbps). Sub-THz frequencies are being explored to achieve the extremely high data rates and low latency required for these innovative use cases. Additionally, in March 2022, High-speed data communication and high-precision sensor technology open up new possibilities for future wireless services. Huawei 6G Research Team Developed and Demonstrated Integrated Sensing and Communication Using Terahertz (ISAC-THz) Prototype. Using wireless electromagnetic waves, the prototype can detect and generate images of trapped objects with millimeter resolution and communicate at extremely high speeds of 240 Gbit/s, opening up new service possibilities new for 6G systems.

Europe Terahertz Technology Market Overview

Europe includes developed economies, including the US, Canada, and Mexico. The technological advancements across Europe have created a highly competitive market. Europe witness several technological developments from economically robust countries. The regional companies are regularly enhancing the overall business processes to fulfill the customers' demand for high-quality products and services at its best. Europe is expected to be a strong player in the global economy, as the largest market for technology-based solutions, particularly in developing and implementing new technologies.

The demand for this technology is the largest in the region due to terahertz being a new technology and Europe being one of the earliest adopters. Increasing US helicopter and commercial aircraft production is also expected to drive the terahertz technology market in that region. The United States' huge aerospace industry exports over 60 percent of all aerospace manufacturing. Various research institutes in the region, such as the Jet Propulsion Laboratory, are also expected to contribute to market growth by working on the application and implementation of terahertz technology.

Europe Terahertz Technology Market Revenue and Forecast to 2030 (US$ Million)

Europe Terahertz Technology Market Segmentation

The Europe terahertz technology market is segmented based on component, type, application, and country. Based on component, the Europe terahertz technology market is bifurcated into terahertz sources and terahertz detectors. The terahertz detectors segment held a larger market share in 2023.

Based on type, the Europe terahertz technology market is segmented into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. The terahertz imaging systems segment held the largest market share in 2023.

Based on application, the Europe terahertz technology market is segmented into medical & healthcare, defense & security, food & agriculture, industrial, semiconductor, and others. The medical & healthcare segment held the largest market share in 2023.

Based on country, the Europe terahertz technology market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe terahertz technology market share in 2023.

Advanced Photonix Inc.; Advantest Corporation; HÜBNER GmbH & Co. KG; Luna Innovations Inc.; Menlo Systems GmbH; NTT Electric Co.; Terasense Group Inc.; Teraview limited.; and Toptica Photonics AG are the leading companies operating in the Europe terahertz technology market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe terahertz technology market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe terahertz technology market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe terahertz technology market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Terahertz Technology Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
5. Europe Terahertz Technology Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand of Terahertz Technology from the Defense, Homeland Security, and Medical Sectors
5.1.2 Growing use of terahertz system in semiconductor industry
5.2 Market Restraints
5.2.1 Lack of Awareness and Unavailability of Skilled Professionals
5.3 Market Opportunities
5.3.1 Processing Applications of Terahertz Technology in the Food Industry
5.3.2 Expansion of the 6G technology
5.4 Future Trends
5.4.1 Use of Terahertz Technology for Satellite Communication
5.5 Impact Analysis of Drivers and Restraints
6. Terahertz Technology Market - Europe Analysis
6.1 Terahertz Technology Market Europe Overview
6.2 Terahertz Technology Market - Europe Revenue and Forecast to 2030 (US$ Million)
7. Europe Terahertz Technology Market Analysis - By Component
7.1 Overview
7.2 Terahertz Technology Market, By Component (2022 and 2030)
7.3 Terahertz Sources
7.3.1 Overview
7.3.2 Terahertz Sources: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
8. Europe Terahertz Technology Market - By Type
8.1 Overview
8.2 Terahertz Technology Market, by Type (2022 and 2030)
8.3 Terahertz Imaging Systems
8.3.1 Overview
8.3.2 Terahertz Imaging Systems: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Terahertz Communication Systems
8.4.1 Overview
8.4.2 Terahertz Communication Systems: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Terahertz Technology Market - By Application
9.1 Overview
9.2 Terahertz Technology Market, by Application (2022 and 2030)
9.3 Medical and Healthcare
9.3.1 Overview
9.3.2 Medical and Healthcare: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Defense and Security
9.4.1 Overview
9.4.2 Defense and Security: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Food and Agriculture
9.5.1 Overview
9.5.2 Food and Agriculture: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Semiconductor
9.7.1 Overview
9.7.2 Semiconductor: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
9.8 Other Applications
9.8.1 Overview
9.8.2 Other Applications: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10. Europe Terahertz Technology Market - by Country Analysis
10.1 Europe: Terahertz Technology Market
10.1.1 Europe: Terahertz Technology Market- by Key Country
10.1.1.1 Germany: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Germany: Terahertz Technology Market- by Component
10.1.1.1.2 Germany: Terahertz Technology Market- By Type
10.1.1.1.3 Germany: Terahertz Technology Market- By Application
10.1.1.2 France: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 France: Terahertz Technology Market- by Component
10.1.1.2.2 France: Terahertz Technology Market- By Type
10.1.1.2.3 France: Terahertz Technology Market- By Application
10.1.1.3 Italy: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Italy: Terahertz Technology Market- by Component
10.1.1.3.2 Italy: Terahertz Technology Market- By Type
10.1.1.3.3 Italy: Terahertz Technology Market- By Application
10.1.1.4 UK: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 UK: Terahertz Technology Market- by Component
10.1.1.4.2 UK: Terahertz Technology Market- By Type
10.1.1.4.3 UK: Terahertz Technology Market- By Application
10.1.1.5 Russia: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Russia: Terahertz Technology Market- by Component
10.1.1.5.2 Russia: Terahertz Technology Market- By Type
10.1.1.5.3 Russia: Terahertz Technology Market- By Application
10.1.1.6 Rest of Europe: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Rest of Europe: Terahertz Technology Market- by Component
10.1.1.6.2 Rest of Europe: Terahertz Technology Market- By Type
10.1.1.6.3 Rest of Europe: Terahertz Technology Market- By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Terasense Group Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 TeraView Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Advantest Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Toptica Photonics AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Luna Innovations Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HÜBNER GmbH & Co KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Menlo Systems GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Advanced Photonix Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 NTT Electronics Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. Europe Terahertz Technology Market - Revenue, and Forecast to 2030 (US$ Million)
Table 2. Europe: Terahertz Technology Market- By Key Country - Revenue and Forecast to 2030 (US$ Million)
Table 3. Germany: Terahertz Technology Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 4. Germany: Terahertz Technology Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 5. Germany: Terahertz Technology Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 6. France: Terahertz Technology Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 7. France: Terahertz Technology Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 8. France: Terahertz Technology Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 9. Italy: Terahertz Technology Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 10. Italy: Terahertz Technology Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 11. Italy: Terahertz Technology Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 12. UK: Terahertz Technology Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 13. UK: Terahertz Technology Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 14. UK: Terahertz Technology Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 15. Russia: Terahertz Technology Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 16. Russia: Terahertz Technology Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 17. Russia: Terahertz Technology Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Europe: Terahertz Technology Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Europe: Terahertz Technology Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 20. Rest of Europe: Terahertz Technology Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 21. List of Abbreviation
List of Figures
Figure 1. Europe Terahertz Technology Market Segmentation
Figure 2. Europe Terahertz Technology Market Segmentation - By Country
Figure 3. Europe Terahertz Technology Market Overview
Figure 4. Terahertz Detectors Segment Held the Largest Market Share in 2022
Figure 5. Terahertz Imaging Systems Segment Held the Largest Market Share in 2022
Figure 6. Medical and Healthcare Segment Held the Largest Market Share in 2022
Figure 7. Rest of Europe was the Largest Revenue Contributor in 2022
Figure 8. Europe - PEST Analysis
Figure 9. Europe Terahertz Technology Market- Ecosystem Analysis
Figure 10. Europe Expert Opinion
Figure 11. Europe Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Europe Terahertz Technology Market Revenue Share, by Component (2022 and 2030)
Figure 14. Terahertz Detectors: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Europe Terahertz Technology Market Revenue Share, by Type (2022 and 2030)
Figure 16. Terahertz Spectroscopy Systems: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Terahertz Communication Systems: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Europe Terahertz Technology Market Revenue Share, by Application (2022 and 2030)
Figure 19. Medical and Healthcare: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Defense and Security: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Food and Agriculture: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Industrial: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. Semiconductor: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. Other Applications: Europe Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Europe: Terahertz Technology Market, By Key Country - Revenue (2022) (US$ Million)
Figure 26. Europe: Terahertz Technology Market Revenue Share, By Key Country (2022 and 2030)
Figure 27. Germany: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 28. France: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Italy: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 30. UK: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 31. Russia: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
Figure 32. Rest of Europe: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advanced Photonix Inc.
  • Advantest Corporation
  • HÜBNER GmbH & Co. KG
  • Luna Innovations Inc.
  • Menlo Systems GmbH
  • NTT Electric Co.
  • Terasense Group Inc.
  • Teraview limited.
  • Toptica Photonics AG

Table Information