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Terahertz Technology Market

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    Report

  • 118 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724197
The global terahertz technology market size is expected to reach USD 1,790 million by 2030, according to a new study. The report “Terahertz Technology Market Share, Size, Trends, Industry Analysis Report, By Type (Terahertz Imaging, Terahertz Spectroscopy, and Terahertz Communication Systems); By Application; By Component; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A surge in the adoption of terahertz (THz) systems in the research activities of laboratories and increasing significance of terahertz technology in satellite computing and food processing industry, coupled with growing usage of cameras, scanners, and other devices based on this technology in medical, homeland security, and aerospace industry are significant factors projected to drive the growth of the global market over the course of projected period.

Moreover, growing concerns regarding security systems across several industries have resulted in a dire need for technology-driven solutions coupled with the growing requirements for high-speed data transfer facilities across the globe, which is likely to propel the industry growth significantly over the coming years.

For instance, in September 2022, LG Electronics successfully tested 6G THz technology in Germany- at a frequency range of 155 to 175 GHz with a distance of up to 320 meters outdoors. The company said it is a significant step towards commercializing 6G THz in urban areas.

The number of applications of THz systems in the healthcare industry is significantly increasing, such as spectroscopy, biomedical imaging, and detection of various chronic and related diseases, fueling the adoption of the technology in the sector. Additionally, the capabilities of terahertz radiations of visualizing the contents of sealed packages and providing a detailed and clear analysis of the internal structure of objects with the development of advanced applications around the world are likely to have a positive impact on the demand of the global market.

Terahertz Technology Market Report Highlights

  • Terahertz imaging segment accounted for the highest global share due to wide utilization of this system in several applications, including biomedical, security, and aerospace.
  • Medical & healthcare segment held a significant revue share in 2021 owing to a rapid increase in adoption in this sector because of its ability to provide high-quality imaging results that help better diagnose chronic disorders.
  • North America is projected to emerge as the fastest-growing region over the anticipated period because of heavy investment in the defense sector, increasing R&D activities, and several stringent regulations.
  • The global players include QMC instruments, Advantest Corporation, HUBNER GmbH, and TeraVil.

The publisher has segmented the terahertz technology market report based on type, application, component, and region:

Terahertz Technology, Type Outlook (Revenue - USD Million, 2018 - 2030)

  • Terahertz Imaging
  • Terahertz Spectroscopy
  • Terahertz Communication Systems

Terahertz Technology, Application Outlook (Revenue - USD Million, 2018 - 2030)

  • Medical & Healthcare
  • Defense & Security
  • Industrial
  • Semiconductor
  • Others

Terahertz Technology, Component Outlook (Revenue - USD Million, 2018 - 2030)

  • Terahertz Sources
  • Terahertz Detectors

Terahertz Technology, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Terahertz Technology Market

What is the estimated value of the Terahertz Technology Market?

The Terahertz Technology Market was estimated to be valued at $601.5 million in 2022.

What is the growth rate of the Terahertz Technology Market?

The growth rate of the Terahertz Technology Market is 14.6%, with an estimated value of $1790 million by 2030.

What is the forecasted size of the Terahertz Technology Market?

The Terahertz Technology Market is estimated to be worth $1790 million by 2030.

Who are the key companies in the Terahertz Technology Market?

Key companies in the Terahertz Technology Market include Advantest Corporation, HUBNER GmbH & Co. KG, Terasense Group Inc., QMC Instruments Ltd., Menlo Systems, TeraVil Ltd., Gentec, Electro Optics and TOPTICA Photonics AG.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Terahertz Technology Market Insights
4.1. Terahertz Technology - Industry Snapshot
4.2. Terahertz Technology Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing adoption of terahertz systems in semiconductor industry
4.2.1.2. Increasing demand for 6G communication
4.2.2. Restraints and Challenges
4.2.2.1. Unavailability of skilled personnel
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Terahertz Technology Market Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Terahertz Technology Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
5.3. Terahertz Imaging
5.3.1. Global Terahertz Technology Market, by Terahertz Imaging, by Region, 2018 - 2030 (USD Million)
5.4. Terahertz Spectroscopy
5.4.1. Global Terahertz Technology Market, by Terahertz Spectroscopy, by Region, 2018 - 2030 (USD Million)
5.5. Terahertz Communication Systems
5.5.1. Global Terahertz Technology Market, by Terahertz Communication Systems, by Region, 2018 - 2030 (USD Million)

6. Global Terahertz Technology Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
6.3. Medical & Healthcare
6.3.1. Global Terahertz Technology Market, by Medical & Healthcare, by Region, 2018 - 2030 (USD Million)
6.4. Defense & Security
6.4.1. Global Terahertz Technology Market, by Defense & Security, by Region, 2018 - 2030 (USD Million)
6.5. Industrial
6.5.1. Global Terahertz Technology Market, by Industrial, by Region, 2018 - 2030 (USD Million)
6.6. Semiconductor
6.6.1. Global Terahertz Technology Market, by Semiconductor, by Region, 2018 - 2030 (USD Million)
6.7. Others
6.7.1. Global Terahertz Technology Market, by Others, by Region, 2018 - 2030 (USD Million)

7. Global Terahertz Technology Market, by Component
7.1. Key Findings
7.2. Introduction
7.2.1. Global Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
7.3. Terahertz Sources
7.3.1. Global Terahertz Technology Market, by Terahertz Sources, by Region, 2018 - 2030 (USD Million)
7.4. Terahertz
7.4.1. Global Terahertz Technology Market, by Terahertz, by Region, 2018 - 2030 (USD Million)
7.5. Detectors
7.5.1. Global Terahertz Technology Market, by Detectors, by Region, 2018 - 2030 (USD Million)

8. Global Terahertz Technology Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Terahertz Technology Market Assessment, By Geography, 2018 - 2030 (USD Million)
8.3. Terahertz Technology Market - North America
8.3.1. North America: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.3.2. North America: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.3.3. North America: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.3.4. Terahertz Technology Market - U.S.
8.3.4.1. U.S.: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.3.4.2. U.S.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.3.4.3. U.S.: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.3.5. Terahertz Technology Market - Canada
8.3.5.1. Canada: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.3.5.2. Canada.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.3.5.3. Canada: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4. Terahertz Technology Market - Europe
8.4.1. Europe: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.2. Europe.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.3. Europe: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.4. Terahertz Technology Market - UK
8.4.4.1. UK: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.4.2. UK.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.4.3. UK: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.5. Terahertz Technology Market - France
8.4.5.1. France: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.5.2. France.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.5.3. France: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.6. Terahertz Technology Market - Germany
8.4.6.1. Germany: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.6.2. Germany.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.6.3. Germany: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.7. Terahertz Technology Market - Italy
8.4.7.1. Italy: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.7.2. Italy.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.7.3. Italy: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.8. Terahertz Technology Market - Spain
8.4.8.1. Spain: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.8.2. Spain.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.8.3. Spain: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.9. Terahertz Technology Market - Netherlands
8.4.9.1. Netherlands: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.9.2. Netherlands.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.9.3. Netherlands: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.4.10. Terahertz Technology Market - Russia
8.4.10.1. Russia: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.4.10.2. Russia.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.4.10.3. Russia: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5. Terahertz Technology Market - Asia Pacific
8.5.1. Asia Pacific: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.2. Asia Pacific.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.3. Asia Pacific: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5.4. Terahertz Technology Market - China
8.5.4.1. China: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.4.2. China.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.4.3. China: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5.5. Terahertz Technology Market - India
8.5.5.1. India: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.5.2. India.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.5.3. India: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5.6. Terahertz Technology Market - Malaysia
8.5.6.1. Malaysia: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.6.2. Malaysia.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.6.3. Malaysia: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5.7. Terahertz Technology Market - Japan
8.5.7.1. Japan: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.7.2. Japan.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.7.3. Japan: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5.8. Terahertz Technology Market - Indonesia
8.5.8.1. Indonesia: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.8.2. Indonesia.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.8.3. Indonesia: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.5.9. Terahertz Technology Market - South Korea
8.5.9.1. South Korea: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.5.9.2. South Korea.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.5.9.3. South Korea: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.6. Terahertz Technology Market - Middle East & Africa
8.6.1. Middle East & Africa: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.6.2. Middle East & Africa.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.6.3. Middle East & Africa: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.6.4. Terahertz Technology Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.6.4.2. Saudi Arabia.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.6.4.3. Saudi Arabia: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.6.5. Terahertz Technology Market - UAE
8.6.5.1. UAE: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.6.5.2. UAE.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.6.5.3. UAE: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.6.6. Terahertz Technology Market - Israel
8.6.6.1. Israel: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.6.6.2. Israel.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.6.6.3. Israel: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.6.7. Terahertz Technology Market - South Africa
8.6.7.1. South Africa: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.6.7.2. South Africa.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.6.7.3. South Africa: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.7. Terahertz Technology Market - Latin America
8.7.1. Latin America: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.7.2. Latin America.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.7.3. Latin America: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.7.4. Terahertz Technology Market - Mexico
8.7.4.1. Mexico: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.7.4.2. Mexico.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.7.4.3. Mexico: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.7.5. Terahertz Technology Market - Brazil
8.7.5.1. Brazil: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.7.5.2. Brazil.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.7.5.3. Brazil: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)
8.7.6. Terahertz Technology Market - Argentina
8.7.6.1. Argentina: Terahertz Technology Market, by Type, 2018 - 2030 (USD Million)
8.7.6.2. Argentina.: Terahertz Technology Market, by Component, 2018 - 2030 (USD Million)
8.7.6.3. Argentina: Terahertz Technology Market, by Application, 2018 - 2030 (USD Million)

9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles
10.1. Advantest Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. HUBNER
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Terasense Group
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. QMC Instruments
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Menlo Systems
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. TeraVil
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Gentec-Electro Optics
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. TeraView
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. TOPTICA Photonics
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Luna Innovations
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Batop GmbH
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Microtech Instrument
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Rainbow Photonics
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Phase Sensitive Innovations
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Bakman Technologies
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development

Companies Mentioned

  • Advantest Corporation
  • HUBNER GmbH & Co. KG
  • Terasense Group Inc.
  • QMC Instruments Ltd.
  • Menlo Systems
  • TeraVil Ltd.
  • Gentec-Electro Optics
  • TeraView Ltd.
  • TOPTICA Photonics AG
  • Luna Innovations
  • Batop GmbH
  • Microtech Instrument Inc.
  • Rainbow Photonics
  • Phase Sensitive Innovations Inc.
  • Bakman Technologies.