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Terahertz Technology Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Terahertz Technology Market by Types (Terahertz Communication System [Outdoor/Indoor Wireless Communication, Tactical/Military Communication, and Satellite Communication], Terahertz Spectroscopy Systems, and Terahertz Imaging Systems), Components (Terahertz Detectors and Terahertz Sources), Applications (Semiconductor, Communication System Applications, Industrial, Food & Agriculture, Defense & Security, Medical & Healthcare, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

Report ID: EP-4435
Author: Growth Market Reports

Rating: 4.8
Total Reviews: 3

No. Of Pages: 198
Format:

Pub. Date: Upcoming
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Report Description

The terahertz technology market size was valued at USD 0.5 billion in 2021 and is projected to reach USD 1.9 billion by 2030, expanding at a CAGR of around 14% during the forecast period, 2022 – 2030. The growth of the market is attributed to increasing deployment of terahertz system in semiconductor sector.

Terahertz waves are non-ionizing and can transfer through plastic, cardboard, skin, paper, and clothing, as well as ceramics and wood making them safe to use. They are also capable of penetrating fog and clouds, but not metal, concrete, or water. Terahertz waves exist somewhere between the optical and microwave spectrums, and they cannot be produced efficiently by scaling down optical sources like lasers or scaling up typical microwave sources like klystrons. Terahertz technology is used to identify explosives and drugs disguised in plastic pipes, as well as to recognize the unexpected flow of substances.

Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for small, energy-efficient transceivers is projected to drive the market during the forecast period.
Increasing complexity of the network is expected to hinder the market growth.
Fiber hacking has been a huge concern for the optical network community, which is estimated to hamper the market growth.
Development of telecom infrastructure in developing nations is anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the global terahertz technology market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Terahertz Technology Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2022 – 2030
Segmentation	Types (Terahertz Communication System, Terahertz Spectroscopy Systems, and Terahertz Imaging Systems), Components (Terahertz Detectors and Terahertz Sources), and Applications (Semiconductor, Communication System Applications [Outdoor/Indoor Wireless Communication, Tactical/Military Communication, and Satellite Communication], Industrial, Food & Agriculture, Defense & Security, Medical & Healthcare, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	TeraVil Ltd.; QMC Instruments Ltd.; Gentec Electro-Optics; Terasense Group Inc.; Menlo Systems; HÜBNER GmbH & Co. KG; TOPTICA Photonics AG; TeraView Limited.; Luna Innovations; and ADVANTEST CORPORATION.

Market Segment Insights

The terahertz imaging systems segment accounted for a major market share in 2021

Based on types, the market is market is segregated into terahertz communication system, terahertz spectroscopy systems, and terahertz imaging systems. The terahertz imaging systems segment accounted for a major market share in 2021. Terahertz imaging is a scanning method that penetrates dense materials by using extremely high-frequency radiation. They can penetrate and clouds fog, as well as ceramics, plastics, brick, wood, cardboard, paper, and clothing. As a result, terahertz imaging is rapidly being used in medical and healthcare applications.

The terahertz detectors segment accounted for a major market share

On the basis of components, the market is bifurcated into terahertz detectors and terahertz sources. The terahertz detectors segment accounted for a major market share. Terahertz radiation is found in the electromagnetic spectrum between microwaves and far infrared. Terahertz radiations are frequently used in whole body scanning devices for security applications at airports and other public areas.

The communication system applications segment is expected to expand at a robust CAGR during the forecast period

In terms of applications, the market is fragmented into semiconductor, communication system applications, industrial, food & agriculture, defense & security, medical & healthcare, and others. The communication system applications segment is further segregated into outdoor/indoor wireless communication, tactical/military communication, and satellite communication. The communication system applications segment is expected to expand at a robust CAGR during the forecast period. Satellite communications are driving up demand for terahertz communications systems, and market players are putting a lot of emphasis on organic growth to expand their terahertz communication portfolio.

Asia Pacific is anticipated to dominate

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. Growth of the market in the region is attributed to China's economic expansion, as the country intends to modernize its economic infrastructure and expand its number of industries. In addition, Chinese scientists are concentrating on inventing new terahertz-based technologies.

Segments

The global terahertz technology market has been segmented on the basis of

Types

Terahertz Communication System
- Outdoor/Indoor Wireless Communication
- Tactical/Military Communication
- Satellite Communication
Terahertz Spectroscopy Systems
Terahertz Imaging Systems

Components

Terahertz Detectors
Terahertz Sources

Applications

Semiconductor
Communication System Applications
Industrial
Food & Agriculture
Defense & Security
Medical & Healthcare
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

TeraVil Ltd.
QMC Instruments Ltd.
Gentec Electro-Optics
Terasense Group Inc.
Menlo Systems
HÜBNER GmbH & Co. KG
TOPTICA Photonics AG
TeraView Limited.
Luna Innovations
ADVANTEST CORPORATION

Competitive Landscape

Key players competing in the terahertz technology market include TeraVil Ltd.; QMC Instruments Ltd.; Gentec Electro-Optics; Terasense Group Inc.; Menlo Systems; HÜBNER GmbH & Co. KG; TOPTICA Photonics AG; TeraView Limited.; Luna Innovations; and ADVANTEST CORPORATION. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,

In November 2021, R&D Altanova, Inc. was acquired by ADVANTEST CORPORATION, with this acquisition R&D Altanova's manufacturing and engineering capabilities, client base, and first-rate experts’ team will help ADVANTEST expand its semiconductor test equipment business.
In October 2021, VALO Innovations GmbH, a developer and producer of ultrafast fiber laser systems, was acquired by HÜBNER Photonics.

Terahertz Technology Market by Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Terahertz Technology Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Terahertz Technology Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Terahertz Technology Market - Supply Chain
  4.5. Global Terahertz Technology Market Forecast
     4.5.1. Terahertz Technology Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Terahertz Technology Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Terahertz Technology Market Absolute $ Opportunity
5. Global Terahertz Technology Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Terahertz Technology Market Size and Volume Forecast by Types
     5.3.1. Terahertz Communication System
     5.3.2. Terahertz Spectroscopy Systems
     5.3.3. Terahertz Imaging Systems
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Terahertz Technology Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Terahertz Technology Market Size and Volume Forecast by Applications
     6.3.1. Semiconductor
     6.3.2. Communication System Applications
     6.3.3. Industrial
     6.3.4. Food & Agriculture
     6.3.5. Defense & Security
     6.3.6. Medical & Healthcare
     6.3.7. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Terahertz Technology Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Terahertz Technology Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Terahertz Technology Demand Share Forecast, 2019-2026
8. North America Terahertz Technology Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Terahertz Technology Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Terahertz Technology Market Size and Volume Forecast by Types
     8.4.1. Terahertz Communication System
     8.4.2. Terahertz Spectroscopy Systems
     8.4.3. Terahertz Imaging Systems
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Terahertz Technology Market Size and Volume Forecast by Applications
     8.7.1. Semiconductor
     8.7.2. Communication System Applications
     8.7.3. Industrial
     8.7.4. Food & Agriculture
     8.7.5. Defense & Security
     8.7.6. Medical & Healthcare
     8.7.7. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Terahertz Technology Demand Share Forecast, 2019-2026
9. Latin America Terahertz Technology Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Terahertz Technology Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Terahertz Technology Market Size and Volume Forecast by Types
     9.4.1. Terahertz Communication System
     9.4.2. Terahertz Spectroscopy Systems
     9.4.3. Terahertz Imaging Systems
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Terahertz Technology Market Size and Volume Forecast by Applications
     9.7.1. Semiconductor
     9.7.2. Communication System Applications
     9.7.3. Industrial
     9.7.4. Food & Agriculture
     9.7.5. Defense & Security
     9.7.6. Medical & Healthcare
     9.7.7. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Terahertz Technology Demand Share Forecast, 2019-2026
10. Europe Terahertz Technology Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Terahertz Technology Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Terahertz Technology Market Size and Volume Forecast by Types
     10.4.1. Terahertz Communication System
     10.4.2. Terahertz Spectroscopy Systems
     10.4.3. Terahertz Imaging Systems
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Terahertz Technology Market Size and Volume Forecast by Applications
     10.7.1. Semiconductor
     10.7.2. Communication System Applications
     10.7.3. Industrial
     10.7.4. Food & Agriculture
     10.7.5. Defense & Security
     10.7.6. Medical & Healthcare
     10.7.7. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Terahertz Technology Demand Share Forecast, 2019-2026
11. Asia Pacific Terahertz Technology Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Terahertz Technology Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Terahertz Technology Market Size and Volume Forecast by Types
     11.4.1. Terahertz Communication System
     11.4.2. Terahertz Spectroscopy Systems
     11.4.3. Terahertz Imaging Systems
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Terahertz Technology Market Size and Volume Forecast by Applications
     11.7.1. Semiconductor
     11.7.2. Communication System Applications
     11.7.3. Industrial
     11.7.4. Food & Agriculture
     11.7.5. Defense & Security
     11.7.6. Medical & Healthcare
     11.7.7. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Terahertz Technology Demand Share Forecast, 2019-2026
12. Middle East & Africa Terahertz Technology Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Terahertz Technology Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Terahertz Technology Market Size and Volume Forecast by Types
     12.4.1. Terahertz Communication System
     12.4.2. Terahertz Spectroscopy Systems
     12.4.3. Terahertz Imaging Systems
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Terahertz Technology Market Size and Volume Forecast by Applications
     12.7.1. Semiconductor
     12.7.2. Communication System Applications
     12.7.3. Industrial
     12.7.4. Food & Agriculture
     12.7.5. Defense & Security
     12.7.6. Medical & Healthcare
     12.7.7. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Terahertz Technology Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Terahertz Technology Market: Market Share Analysis
  13.2. Terahertz Technology Distributors and Customers
  13.3. Terahertz Technology Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. TeraVil Ltd.
     13.4.2. QMC Instruments Ltd.
     13.4.3. Gentec Electro-Optics
     13.4.4. Terasense Group Inc.
     13.4.5. Menlo Systems
     13.4.6. HÜBNER GmbH & Co. KG
     13.4.7. TOPTICA Photonics AG
     13.4.8. TeraView Limited.

Segments

The global terahertz technology market has been segmented on the basis of

Types

Terahertz Communication System
- Outdoor/Indoor Wireless Communication
- Tactical/Military Communication
- Satellite Communication
Terahertz Spectroscopy Systems
Terahertz Imaging Systems

Components

Terahertz Detectors
Terahertz Sources

Applications

Semiconductor
Communication System Applications
Industrial
Food & Agriculture
Defense & Security
Medical & Healthcare
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

TeraVil Ltd.
QMC Instruments Ltd.
Gentec Electro-Optics
Terasense Group Inc.
Menlo Systems
HÜBNER GmbH & Co. KG
TOPTICA Photonics AG
TeraView Limited.
Luna Innovations
ADVANTEST CORPORATION

Compitive Landscape

In November 2021, R&D Altanova, Inc. was acquired by ADVANTEST CORPORATION, with this acquisition R&D Altanova's manufacturing and engineering capabilities, client base, and first-rate experts’ team will help ADVANTEST expand its semiconductor test equipment business.
In October 2021, VALO Innovations GmbH, a developer and producer of ultrafast fiber laser systems, was acquired by HÜBNER Photonics.

Methodology

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