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

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    Report

  • 75 Pages
  • October 2020
  • The Insight Partners
  • ID: 5204866
UP TO OFF until Jun 30th 2023
Terahertz detectors to Dominate SAM terahertz technology market during 2019-2027

According to a new market research study on “SAM Terahertz Technology market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Component, Type, Application” is expected to reach US$35.47 million by 2027 from US$6.14 million in 2019. The market is estimated to grow at a CAGR of 24.7% from 2020 to 2027. The report provides trends prevailing in the SAM terahertz technology market along with the drivers and restraints pertaining to the market growth. Terahertz Technology from the Defense, Homeland Security, and Medical Sectors have seen a huge surge in demand and this is the major factor driving the growth of the SAM terahertz technology market. However, issues associated with shortfall of skilled professionals and inadequate awareness restricts the growth of SAM terahertz technology market.

The market for terahertz technology market is segmented into by Component, Technology, Application and Country. Based on component, the market is segmented into terahertz sources and terahertz detectors. In 2019, the terahertz detectors held the largest share of SAM terahertz technology market. Based on type, terahertz technology market is divided into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. Terahertz communication system is expected to the fastest growing segment over the forecast period. On the basis of application the market is segmented into medical & healthcare, defense and security, food & agriculture, industrial and other. Medical & Healthcare segment held the largest share in 2019 for the SAM terahertz technology market. Furthermore COVID-19 pandemic is affecting various industries. In SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes. The presence of various developing nations makes SAM as one of the major market for the growth of terahertz technology market over the forecast period of 2020 to 2027. However, the sharp decline in manufacturing, healthcare and medical, defense, and food and agriculture activities in this region due to COVID-19 lockdown measures is expected to directly impact the growth of terahertz technology market in the coming quarters. In addition to this, the supply chain disruptions and non-availability of raw materials will also aggravate the problems of various industries operating in this region. Hence, the decline in business operations and product development activities is expected to directly affect the growth rate of terahertz technology market in this region for the next three to four quarters.

Advantest Corporation; Luna Innovations Inc.; Microtech Instrument Inc.; Terasense Group Inc. and Teraview limited are among the leading companies in the SAM terahertz technology market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, TeraSense Group Inc. announced its new powerful 0.8W and 1.8W waves sources at 94GHz, which is a IMPATT-based generator with its output power between .08 W to 1.8 W.

The report segments the SAM Terahertz Technology market as follows:

SAM Terahertz Technology market - By Component
  • Terahertz Sources
  • Terahertz Detectors

SAM Terahertz Technology market - By Type
  • Imaging Systems
  • Terahertz Spectroscopy Systems
  • Terahertz Communication System

SAM Terahertz Technology market - By Application
  • Medical & Healthcare
  • Defence and Security
  • Food & Agriculture
  • Industrial
  • Other

SAM Terahertz Technology market - By Country
  • Brazil
  • Argentina
  • Rest of SAM

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM market trends and outlook coupled with the factors driving the SAM 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. SAM Terahertz Technology Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Terahertz Technology Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Terahertz Technology from the Defence, Homeland Security, and Medical Sectors have seen a huge surge in demand
5.2 Market Restraints
5.2.1 Shortfall of Skilled Professionals and Inadequate Awareness
5.3 Market Opportunities
5.3.1 Food Industry To Avail Processing Application of Terahertz Technology
5.4 Future Trends
5.4.1 Satellite Communication adopting Terahertz Technology
5.5 Impact Analysis of Drivers and Restraints
6. Terahertz Technology Market - SAM Analysis
6.1 SAM Terahertz Technology Market Overview
6.2 SAM Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Key Players
7. SAM Terahertz Technology Market Analysis - By Component
7.1 Overview
7.2 SAM 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. SAM Terahertz Technology Market Analysis - By Type
8.1 Overview
8.2 SAM 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. SAM Terahertz Technology Market Analysis - By Application
9.1 Overview
9.2 SAM 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. Sam Terahertz Technology Market - Country Analysis
10.1 Overview
10.1.1 SAM: Terahertz Technology Market, by Key Country
10.1.1.1 Brazil: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Brazil: Terahertz Technology Market, by Component
10.1.1.1.2 Brazil: Terahertz Technology Market, by Type
10.1.1.1.3 Brazil: Terahertz Technology Market, by Application
10.1.1.2 Argentina: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Argentina: Terahertz Technology Market, by Component
10.1.1.2.2 Argentina: Terahertz Technology Market, by Type
10.1.1.2.3 Argentina: Terahertz Technology Market, by Application
10.1.1.3 Rest of SAM: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Rest of SAM: Terahertz Technology Market, by Component
10.1.1.3.2 Rest of SAM: Terahertz Technology Market, by Type
10.1.1.3.3 Rest of SAM: Terahertz Technology Market, by Application
11. SAM Terahertz Technology Market- COVID-19 Impact Analysis
11.1 SAM
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 Luna Innovations Inc.
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 Microtech Instrument 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
14. Appendix
14.1 About the Publisher
14.2 Glossary of Terms
List of Tables
Table 1. SAM Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
Table 2. SAM Terahertz Technology Market, by Country - Revenue and Forecast to 2027 (USD Million)
Table 3. Brazil: Terahertz Technology Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Terahertz Technology Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil: Terahertz Technology Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina: Terahertz Technology Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina: Terahertz Technology Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 8. Argentina: Terahertz Technology Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM: Terahertz Technology Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM: Terahertz Technology Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of SAM: Terahertz Technology Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 12. Glossary of Term: Terahertz Technology Market
List of Figures
Figure 1. SAM Terahertz Technology Market Segmentation
Figure 2. SAM Terahertz Technology Market Segmentation - By Country
Figure 3. SAM Terahertz Technology Market Overview
Figure 4. Terahertz Detector Segment Dominated the Market
Figure 5. Defense & Security Segment to be a Fastest Growing Application
Figure 6. Rest of SAM to Show Great Traction During Forecast Period
Figure 7. SAM Terahertz Technology Market, Industry Landscape
Figure 8. SAM Terahertz Technology Market, Country Analysis
Figure 9. SAM- PEST Analysis
Figure 10. SAM Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. SAM Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 13. SAM Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
Figure 14. SAM Terahertz Technology Market Revenue Share, by Component (2019 and 2027)
Figure 15. SAM Terahertz Sources: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 16. SAM Terahertz Detectors: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 17. SAM Terahertz Technology Market Revenue Share, by Type (2019 and 2027)
Figure 18. SAM Terahertz Imaging Systems: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 19. SAM Terahertz Spectroscopy Systems: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 20. SAM Terahertz Communication System: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 21. SAM Terahertz Technology Market Revenue Share, by Application (2019 and 2027)
Figure 22. SAM Medical & Healthcare: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 23. SAM Defense & Security: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 24. SAM Food & Agriculture: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 25. SAM Industrial: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 26. SAM Others: Terahertz Technology Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 27. SAM: Terahertz Technology Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. Brazil: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
Figure 29. Argentina: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
Figure 30. Rest of SAM: Terahertz Technology Market - Revenue and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in SAM Country Markets

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Advantest Corporation
  • Luna Innovations Inc.
  • Microtech Instrument Inc.
  • Terasense Group Inc.
  • Teraview limited