Terahertz Technology Market Forecast to 2028 - Global Analysis by Component, Type, and Application

List of Tables

The terahertz technology market was valued at US$ 461.9 million in 2022 and is expected to reach US$ 3,003.1 million by 2030; it is expected to grow at a CAGR of 26.4% during the forecast period.

APAC is anticipated to be the fastest-growing region with an impressive CAGR of 27.7% during 2022-2030. APAC region consist of various developing economies such as China, India, and several southeast countries as well as developed economies such as Japan and South Korea. In developing nations such China and India, the medical and healthcare as well as food & agriculture industry is rising at an impressive pace owing to the rising disposable incomes, increasing urbanization, high population growth, supportive government policies, and growing number of public private partnerships. All these factors are anticipated offer ample growth opportunities for terahertz technology market players in the APAC region. Owing to the increasing investments in agriculture industry development, other developing regions such as Middle East, Africa, and South America are also expected to grow at a steady pace over the forecast period of 2023 to 2030. During the forecast period of 2022 to 2030, the growth outlook of terahertz technology in all the major geographic regions estimated to be quite positive. However, due to ongoing COVID-19 outbreak, all the major countries in regions such as Europe, Asia Pacific, and North America had imposed strict restrictions on business activities and movement of goods and people. All these factors are anticipated to affect both supply and demand of terahertz technology, thus affecting the revenue growth of the global terahertz technology market especially in the year 2020. It is expected that the market growth will stabilize in 2021 and terahertz technology market will see positive growth to 2030.

Based on component, the terahertz detectors segment held the largest share in the global terahertz technology market. Terahertz radiation falls between the microwaves and the far infrared bands of the electromagnetic spectrum. These radiations are capable of penetrating plastics, clothes, and wood; they are non-ionizing radiations, which makes them safe for humans and animals, unlike X-rays that can be harmful. Terahertz radiations are widely utilized in full body scanning machines at airports and other public places for security applications as well as in medical applications for initial cancer cell detection. Terahertz radiation falls in the frequency range of 0.1-10 THz, corresponding to wavelengths from 3 mm to 30 μm.

The 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 an overview and forecast for the terahertz technology market with respect to all the segments. 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 of this process include industry experts 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 terahertz technology market. Acal BFi UK Ltd; Advanced Photonix, Inc.; Advantest Corporation; HUBNER GmbH & Co. KG; Luna Innovations, Inc.; Menlo Systems GmbH; Microtech Instrument, Inc. Terasense Group, Inc.; Teraview limited; and Toptica Photonics AG are among key players operating in the terahertz technology market.

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Product Code: TIPTE100001364

1. Introduction

1.1 Study Scope
1.2 The Insight Partners 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. Terahertz Technology Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America - PEST Analysis
- 4.2.2 Europe - PEST Analysis
- 4.2.3 Asia-Pacific - PEST Analysis
- 4.2.4 Middle East and Africa - PEST Analysis
- 4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights

5. 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 - Global Analysis

6.1 Terahertz Technology Market Global Overview
6.2 Terahertz Technology Market - Global Revenue and Forecast to 2030 (US$ Million)
6.3 Market Positioning - Five Key Players

7. 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)
7.4 Terahertz Detectors
- 7.4.1 Overview
- 7.4.2 Terahertz Detectors: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)

8. 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 Spectroscopy Systems
- 8.4.1 Overview
- 8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Terahertz Communication Systems
- 8.5.1 Overview
- 8.5.2 Terahertz Communication Systems: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)

9. 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. Terahertz Technology Market - Geographic Analysis

10.1 Overview
10.2 North America: Terahertz Technology Market
- 10.2.1 North America: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
- 10.2.2 North America: Terahertz Technology Market- by Component
- 10.2.3 North America: Terahertz Technology Market- By Type
- 10.2.4 North America: Terahertz Technology Market- By Application
- 10.2.5 North America: Terahertz Technology Market- by Key Country
  - 10.2.5.1 US: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.2.5.1.1 US: Terahertz Technology Market- by Component
    - 10.2.5.1.2 US: Terahertz Technology Market- By Type
    - 10.2.5.1.3 US: Terahertz Technology Market- By Application
  - 10.2.5.2 Canada: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.2.5.2.1 Canada: Terahertz Technology Market- by Component
    - 10.2.5.2.2 Canada: Terahertz Technology Market- By Type
    - 10.2.5.2.3 Canada: Terahertz Technology Market- By Application
  - 10.2.5.3 Mexico: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.2.5.3.1 Mexico: Terahertz Technology Market- by Component
    - 10.2.5.3.2 Mexico: Terahertz Technology Market- By Type
    - 10.2.5.3.3 Mexico: Terahertz Technology Market- By Application
10.3 Europe: Terahertz Technology Market
- 10.3.1 Europe: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
- 10.3.2 Europe: Terahertz Technology Market- by Component
- 10.3.3 Europe: Terahertz Technology Market- By Type
- 10.3.4 Europe: Terahertz Technology Market- By Application
- 10.3.5 Europe: Terahertz Technology Market- by Key Country
  - 10.3.5.1 Germany: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.5.1.1 Germany: Terahertz Technology Market- by Component
    - 10.3.5.1.2 Germany: Terahertz Technology Market- By Type
    - 10.3.5.1.3 Germany: Terahertz Technology Market- By Application
  - 10.3.5.2 France: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.5.2.1 France: Terahertz Technology Market- by Component
    - 10.3.5.2.2 France: Terahertz Technology Market- By Type
    - 10.3.5.2.3 France: Terahertz Technology Market- By Application
  - 10.3.5.3 Italy: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.5.3.1 Italy: Terahertz Technology Market- by Component
    - 10.3.5.3.2 Italy: Terahertz Technology Market- By Type
    - 10.3.5.3.3 Italy: Terahertz Technology Market- By Application
  - 10.3.5.4 UK: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.5.4.1 UK: Terahertz Technology Market- by Component
    - 10.3.5.4.2 UK: Terahertz Technology Market- By Type
    - 10.3.5.4.3 UK: Terahertz Technology Market- By Application
  - 10.3.5.5 Russia: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.5.5.1 Russia: Terahertz Technology Market- by Component
    - 10.3.5.5.2 Russia: Terahertz Technology Market- By Type
    - 10.3.5.5.3 Russia: Terahertz Technology Market- By Application
  - 10.3.5.6 Rest of Europe: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Terahertz Technology Market- by Component
    - 10.3.5.6.2 Rest of Europe: Terahertz Technology Market- By Type
    - 10.3.5.6.3 Rest of Europe: Terahertz Technology Market- By Application
10.4 APAC: Terahertz Technology Market
- 10.4.1 APAC: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
- 10.4.2 APAC: Terahertz Technology Market- by Component
- 10.4.3 APAC: Terahertz Technology Market- By Type
- 10.4.4 APAC: Terahertz Technology Market- By Application
- 10.4.5 APAC: Terahertz Technology Market- by Key Country
  - 10.4.5.1 Australia: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.5.1.1 Australia: Terahertz Technology Market- by Component
    - 10.4.5.1.2 Australia: Terahertz Technology Market- By Type
    - 10.4.5.1.3 Australia: Terahertz Technology Market- By Application
  - 10.4.5.2 China: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.5.2.1 China: Terahertz Technology Market- by Component
    - 10.4.5.2.2 China: Terahertz Technology Market- By Type
    - 10.4.5.2.3 China: Terahertz Technology Market- By Application
  - 10.4.5.3 India: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.5.3.1 India: Terahertz Technology Market- by Component
    - 10.4.5.3.2 India: Terahertz Technology Market- By Type
    - 10.4.5.3.3 India: Terahertz Technology Market- By Application
  - 10.4.5.4 Japan: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.5.4.1 Japan: Terahertz Technology Market- by Component
    - 10.4.5.4.2 Japan: Terahertz Technology Market- By Type
    - 10.4.5.4.3 Japan: Terahertz Technology Market- By Application
  - 10.4.5.5 South Korea: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.5.5.1 South Korea: Terahertz Technology Market- by Component
    - 10.4.5.5.2 South Korea: Terahertz Technology Market- By Type
    - 10.4.5.5.3 South Korea: Terahertz Technology Market- By Application
  - 10.4.5.6 Rest of APAC: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.5.6.1 Rest of APAC: Terahertz Technology Market- by Component
    - 10.4.5.6.2 Rest of APAC: Terahertz Technology Market- By Type
    - 10.4.5.6.3 Rest of APAC: Terahertz Technology Market- By Application
10.5 MEA: Terahertz Technology Market
- 10.5.1 MEA: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
- 10.5.2 MEA: Terahertz Technology Market- by Component
- 10.5.3 MEA: Terahertz Technology Market- By Type
- 10.5.4 MEA: Terahertz Technology Market- By Application
- 10.5.5 MEA: Terahertz Technology Market- by Key Country
  - 10.5.5.1 South Africa: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.5.1.1 South Africa: Terahertz Technology Market- by Component
    - 10.5.5.1.2 South Africa: Terahertz Technology Market- By Type
    - 10.5.5.1.3 South Africa: Terahertz Technology Market- By Application
  - 10.5.5.2 Saudi Arabia: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.5.2.1 Saudi Arabia: Terahertz Technology Market- by Component
    - 10.5.5.2.2 Saudi Arabia: Terahertz Technology Market- By Type
    - 10.5.5.2.3 Saudi Arabia: Terahertz Technology Market- By Application
  - 10.5.5.3 UAE: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.5.3.1 UAE: Terahertz Technology Market- by Component
    - 10.5.5.3.2 UAE: Terahertz Technology Market- By Type
    - 10.5.5.3.3 UAE: Terahertz Technology Market- By Application
  - 10.5.5.4 Rest of MEA: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Terahertz Technology Market- by Component
    - 10.5.5.4.2 Rest of MEA: Terahertz Technology Market- By Type
    - 10.5.5.4.3 Rest of MEA: Terahertz Technology Market- By Application
10.6 SAM: Terahertz Technology Market
- 10.6.1 SAM: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
- 10.6.2 SAM: Terahertz Technology Market- by Component
- 10.6.3 SAM: Terahertz Technology Market- By Type
- 10.6.4 SAM: Terahertz Technology Market- By Application
- 10.6.5 SAM: Terahertz Technology Market- by Key Country
  - 10.6.5.1 Brazil: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.6.5.1.1 Brazil: Terahertz Technology Market- by Component
    - 10.6.5.1.2 Brazil: Terahertz Technology Market- By Type
    - 10.6.5.1.3 Brazil: Terahertz Technology Market- By Application
  - 10.6.5.2 Argentina: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.6.5.2.1 Argentina: Terahertz Technology Market- by Component
    - 10.6.5.2.2 Argentina: Terahertz Technology Market- By Type
    - 10.6.5.2.3 Argentina: Terahertz Technology Market- By Application
  - 10.6.5.3 Rest of SAM: Terahertz Technology Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.6.5.3.1 Rest of SAM: Terahertz Technology Market- by Component
    - 10.6.5.3.2 Rest of SAM: Terahertz Technology Market- By Type
    - 10.6.5.3.3 Rest of SAM: Terahertz Technology Market- By Application

11. Terahertz Technology Market- COVID-19 Impact Analysis

11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

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 Ltd
- 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 Corp
- 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 HUBNER 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 Advanced Photonix Inc
- 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 Microtech Instrument 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 NTT Electronics Corp
- 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 Insight Partners
14.2 Word Index