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Europe Terahertz Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Type, and Application

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    Report

  • 95 Pages
  • August 2020
  • Region: Europe
  • The Insight Partners
  • ID: 5147228
UP TO OFF until Jun 30th 2023
The terahertz technology market in Europe is expected to grow from US$ 58.9 million in 2019 to US$ 422.8 million by 2027; it is estimated to grow at a CAGR of 28.1%from 2020 to 2027.

The use of ionizing radiations (X-rays) is critical in quality control and nondestructive testing because of its detrimental effect on biological agents. In the food industry, food manufacturers and packagers can use terahertz food scanners instead of using X-ray machines to check abnormalities; for example, it can detect the misplacement or inadequate placement of candy bars in carton by a pick-and-place robotic arm. The THz imagers face no problem seeing through cardboard or PE packaging; metal foil rather would create even better contrast in THz images. Detecting insects and other foreign objects in food are a severe cause of concern to consumers, food producers, and retailers. Unwrapping a chocolate bar could reveal an unpleasant surprise, like an insect, pieces of metal or glass, or clots of dirt. This can not only kill the appetite of the consumers but also cause severe consequences such as broken teeth or food poisoning. On top of that, in several countries, producers or retailers may end up being sued, potentially leading to fines and lawsuits worth millions of dollars. A few tests have specifically been designed for the food industry to demonstrate the ability to identify foreign objects (e.g., insects, pieces of plastics, metal, stones, or soil) inside of some food products, which is providing growth potential for the terahertz technology market. Due to COVID-19 outbreak, Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region. Businesses in the region are facing severe financial difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. The region is a major manufacturing and industrial hub for sectors such as healthcare equipment, and defense & security among others. Hence, due to business lockdowns, travel bans, and supply chain disruptions, the region is anticipated to see an economic slowdown in 2020 and most likely in 2021 also. The coronavirus continues affecting medical and healthcare and defense manufacturing in Europe. The manufacturing of this technology is reduced their schedule by about 60% to 95%. Pertaining to the fact that the majority of the countries have been experiencing a continuous rise in infected patients, the manufacturing facilities are encountering workforce scarcity. This is leading to lesser production, which is hindering the businesses of terahertz technology manufacturing.

The terahertz detectors segment led the terahertz technology market based on component in 2019. Terahertz radiation falls between the microwaves and far infrared portion of the electromagnetic spectrum. These radiations have the capability to penetrate through plastics, clothing, and wood, among other materials; their non-ionizing behavior makes them safer for individuals, compared to X-rays that can be harmful. Terahertz radiations are widely utilized in full body scan machines installed at airports and other public places for security purposes. These machines are also used in medical applications for initial cancer cell detection.

The overall Europe terahertz technology market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe terahertz technology market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants that typically take part in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe terahertz technology market. Terasense Group Inc., Teraview limited, Advantest Corporation, Toptica Photonics AG, Luna Innovations Inc., HÜBNER GmbH & Co. KG, Menlo Systems GmbH, AcalBFi Limited, Advanced Photonix Inc., and Microtech Instrument Inc. are among a the key players operating in the market in Europe.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Terahertz Technology Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing demand in Defense, Homeland Security, and Medical Sectors for Terahertz Technology
5.2 Market Restraints
5.2.1 Lack of Technical Expertise and Unavailability of Skilled Professionals
5.3 Market Opportunities
5.3.1 Use of Terahertz Technology in Food Industry
5.4 Future Trends
5.4.1 Significance use of Terahertz Technology for Wireless Communication
5.5 Impact Analysis of Drivers and Restraints
6. Europe Terahertz Technology Market - Country Analysis
6.1 Europe Terahertz Technology Market Overview
6.2 Europe Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Europe Market Positioning - Five Key Players
7. Europe Terahertz Technology Market Analysis - By Component
7.1 Overview
7.2 Europe Terahertz Technology Market, By Component (2019 and 2027)
7.3 Terahertz Sources
7.3.1 Overview
7.3.2 Terahertz Sources: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
7.4 Terahertz Detectors
7.4.1 Overview
7.4.2 Terahertz Detectors: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
8. Europe Terahertz Technology Market Analysis - By Type
8.1 Overview
8.2 Europe Terahertz Technology Market, By Type (2019 and 2027)
8.3 Terahertz Imaging Systems
8.3.1 Overview
8.3.2 Terahertz Imaging Systems: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
8.4 Terahertz Spectroscopy Systems
8.4.1 Overview
8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
8.5 Terahertz Communication System
8.5.1 Overview
8.5.2 Terahertz Communication System: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
9. Europe Terahertz Technology Market Analysis - By Application
9.1 Overview
9.2 Europe Terahertz Technology Market, By Application (2019 and 2027)
9.3 Medical & Healthcare
9.3.1 Overview
9.3.2 Medical & Healthcare: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
9.4 Defense & Security
9.4.1 Overview
9.4.2 Defense & Security: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
9.5 Food & Agriculture
9.5.1 Overview
9.5.2 Food & Agriculture: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
10. Europe Terahertz Technology Market - Country Analysis
10.1 Overview
10.1.1 Europe: Terahertz Technology Market, by Key Country
10.1.1.1 France: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 France: Terahertz Technology Market, by Component
10.1.1.1.2 France: Terahertz Technology Market, by Type
10.1.1.1.3 France: Terahertz Technology Market, by Application
10.1.1.2 Germany: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Germany: Terahertz Technology Market, by Component
10.1.1.2.2 Germany: Terahertz Technology Market, by Type
10.1.1.2.3 Germany: Terahertz Technology Market, by Application
10.1.1.3 Italy: Terahertz Technology Market - Revenue and Forecast to 2027 (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 2027 (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 2027 (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 2027 (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. Europe Terahertz Technology Market - COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Terahertz Technology Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. COMPANY PROFILES
13.1 Terasense Group Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Teraview limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Advantest Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Toptica Photonics AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Luna Innovations Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HÜBNER GmbH & Co. KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Menlo Systems GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 AcalBFi Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Advanced Photonix Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Microtech Instrument Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Glossary of Terms
List of Tables
Table 1. Europe Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe Terahertz Technology Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 3. France: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 4. France: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. France: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Germany: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 7. Germany: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Germany: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. UK: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 US$ Million)
Table 20. Rest of Europe: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 21. Glossary of Term: Terahertz Technology Market
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 Detector Segment Dominated the Market, by Component
Figure 5. Defense & Security Segment to be a Fastest Growing Segment, by Application
Figure 6. Rest of Europe to Show Great Traction During Forecast Period, by Country
Figure 7. Terahertz Technology Market, Industry Landscape
Figure 8. Europe Terahertz Technology Market, Country Analysis
Figure 9. Europe- PEST Analysis
Figure 10. Europe Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Europe Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 13. Europe Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe Terahertz Technology Market Revenue Share, by Component (2019 and 2027)
Figure 15. Europe Terahertz Sources: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Europe Terahertz Detectors: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Europe Terahertz Technology Market Revenue Share, by Type (2019 and 2027)
Figure 18. Europe Terahertz Imaging Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Europe Terahertz Communication System: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Europe Terahertz Technology Market Revenue Share, by Application (2019 and 2027)
Figure 22. Europe Medical & Healthcare: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Europe Defense & Security: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Europe Food & Agriculture: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Europe Industrial: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Europe Others: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Europe: Terahertz Technology Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. France: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Germany: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Italy: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. UK: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Russia: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Rest of Europe: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Terasense Group Inc.
  • Teraview limited
  • Advantest Corporation
  • Toptica Photonics AG
  • Luna Innovations Inc.
  • HÜBNER GmbH & Co. KG
  • Menlo Systems GmbH
  • AcalBFi Limited
  • Advanced Photonix Inc.
  • Microtech Instrument Inc.