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PUBLISHER: IMARC | PRODUCT CODE: 1390641
PUBLISHER: IMARC | PRODUCT CODE: 1390641
Terahertz Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global terahertz technologies market size reached US$ 548.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,032.2 Million by 2028, exhibiting a growth rate (CAGR) of 24.40% during 2022-2028.
Terahertz (THz) technologies are based on electromagnetic radiation, which lies in the spectrum between infrared radiation (IR) and microwaves. They can penetrate clothing, paper, wood, plastic, ceramics, cardboard, masonry, enclosures, and other opaque materials without causing any damage. They yield high-resolution images and help transfer vast amounts of data quickly. Moreover, their low-energy levels make them non-destructive, non-invasive, and intrinsically safe for humans, animals, and plants compared to X-rays and near-infrared radiation (NIR). As a result, they find extensive applications in the pharmaceutical industry wherein they are utilized to perform non-destructive, internal, chemical analysis of tablets, capsules, and other dosage forms.
Terahertz Technologies Market Trends:
Expanding applications of THz radiation in different sectors across the globe represents one of the major factors contributing to market growth. For instance, it is widely employed in the food and beverage (F&B) sector to conduct non-destructive analysis (NDT) of sealed packages. In addition, stringent regulations adopted by governments of several countries about public safety and product quality is influencing the market positively. Apart from this, the growing awareness about the advantages of early diagnosis is encouraging the adoption of THz tomography to screen tooth decay and cancer at early stages. It is also used to visualize wounds under gypsum or bandage layers. Moreover, due to the rising public security concerns, it is gaining traction at airports for remote screening of people and luggage. It also assists in building a new generation of high-frequency wireless telecommunication systems that allow high-speed information transmission between electronic devices. Furthermore, the increasing number of investments to create affordable, convenient, and compact THz technologies-based devices is anticipated to provide a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global terahertz technologies market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component and end use industry.
Breakup by Type:
Terahertz Imaging Systems
Active System
Passive System
Terahertz Spectroscopy Systems
Time Domain
Frequency Domain
Terahertz Communication Systems
Breakup by Component:
Terahertz Sources
Terahertz Detectors
Breakup by End Use Industry:
Healthcare and Medical
Defense and Security
Telecommunications
Food and Agriculture
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advantest Corporation, Bakman Technologies LLC, Batop GmbH, Gentec Electro-Optics Inc., HUBNER GmbH & Co KG, Luna Innovations Inc., Menlo Systems GmbH, Teraprobes Inc, Terasense Group Inc., TeraView Limited and TOPTICA Photonics AG.
Key Questions Answered in This Report:
- How has the global terahertz technologies market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global terahertz technologies market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global terahertz technologies market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A4447
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Terahertz Technologies Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Terahertz Imaging Systems
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Active System
- 6.1.2.2 Passive System
- 6.1.3 Market Forecast
- 6.2 Terahertz Spectroscopy Systems
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Time Domain
- 6.2.2.2 Frequency Domain
- 6.2.3 Market Forecast
- 6.3 Terahertz Communication Systems
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Component
- 7.1 Terahertz Sources
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Terahertz Detectors
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Healthcare and Medical
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Defense and Security
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Telecommunications
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Food and Agriculture
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Advantest Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Bakman Technologies LLC
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Batop GmbH
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Gentec Electro-Optics Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 HUBNER GmbH & Co KG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Luna Innovations Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Menlo Systems GmbH
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Teraprobes Inc
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Terasense Group Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 TeraView Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 TOPTICA Photonics AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Advantest Corporation
Product Code: SR112023A4447
List of Figures
- Figure 1: Global: Terahertz Technologies Market: Major Drivers and Challenges
- Figure 2: Global: Terahertz Technologies Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Terahertz Technologies Market: Breakup by Type (in %), 2022
- Figure 5: Global: Terahertz Technologies Market: Breakup by Component (in %), 2022
- Figure 6: Global: Terahertz Technologies Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Terahertz Technologies Market: Breakup by Region (in %), 2022
- Figure 8: Global: Terahertz Technologies (Terahertz Imaging Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Terahertz Technologies (Terahertz Imaging Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Terahertz Technologies (Terahertz Spectroscopy Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Terahertz Technologies (Terahertz Spectroscopy Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Terahertz Technologies (Terahertz Communication Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Terahertz Technologies (Terahertz Communication Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Terahertz Technologies (Terahertz Sources) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Terahertz Technologies (Terahertz Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Terahertz Technologies (Terahertz Detectors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Terahertz Technologies (Terahertz Detectors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Terahertz Technologies (Healthcare and Medical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Terahertz Technologies (Healthcare and Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Terahertz Technologies (Defense and Security) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Terahertz Technologies (Defense and Security) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Terahertz Technologies (Telecommunications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Terahertz Technologies (Telecommunications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Terahertz Technologies (Food and Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Terahertz Technologies (Food and Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Terahertz Technologies (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Terahertz Technologies (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Terahertz Technologies Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Terahertz Technologies Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Terahertz Technologies Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Terahertz Technologies Industry: SWOT Analysis
- Figure 78: Global: Terahertz Technologies Industry: Value Chain Analysis
- Figure 79: Global: Terahertz Technologies Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Terahertz Technologies Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Terahertz Technologies Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Terahertz Technologies Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 4: Global: Terahertz Technologies Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Terahertz Technologies Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Terahertz Technologies Market: Competitive Structure
- Table 7: Global: Terahertz Technologies Market: Key Players
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