China Terahertz Technology Market is expected to reach US$ 318.13 Million by 2031

PRESS RELEASE BY The Insight Partners 31 May 2024

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According to our latest study on “China Terahertz Technology Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Application, Type, and Country,” The China terahertz technology market size was valued at US$ 76.55 million in 2023 and is expected to reach US$ 318.13 million by 2031; it is estimated to record a CAGR of 19.5% from 2023 to 2031. The report includes growth prospects owing to the current China terahertz technology market trends and their foreseeable impact during the forecast period.

Terahertz is a frequency range that includes microwave and infrared radiation. It has been observed as a possible option for attaining high data transfer and low latency in the impending 6G communication technology. It is expected to have maximum speeds up to 100 times faster than 5G. High-frequency terahertz waves have an extensive number of applications, including next-generation medical imaging and communication. It has an extremely high frequency. Increasing applications in a variety of end-user industries, including medical, military, security, and semiconductor, are expected to drive market expansion. For example, in medical imaging, terahertz technology can be an attractive option for X-ray exams because the waves can travel through most non-conductive materials without damaging any tissue.

China Terahertz Technology Market – by Country

China Terahertz Technology Market Forecast and Scope by 2031

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China Terahertz Technology Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Terahertz Detectors and Terahertz Sources), Application (Medical and Healthcare, Defense and Security, Food and Agriculture, Industrial, Semiconductor, and Others), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication Systems), and Country

Source: The Insight Partners Analysis

Growing research and development activities in China for terahertz technology are projected to shape market expansion during the forecast period. For example, in September 2023, the South China Morning Post (SCMP) announced that China had tested the world's first submarine-detecting terahertz device using next-generation communication technology. Researchers from China's National University of Defense Technology have published their findings in the Chinese-language peer-reviewed journal Radars. Furthermore, Asia Times stated that experts from the Chinese Academy of Sciences Fujian Institute of Research on the Structure of Matter have created a very sensitive submarine detection system capable of detecting even the weakest evidence of modern submarines from great distances. Furthermore, China has lately achieved considerable advances in submarine detection technology, which has posed important operational and strategic consequences. Thus, all these factors are expected to drive the China terahertz technology market growth during the forecast period.

China Terahertz Technology Market Report Segmentation and Scope:

The “China Terahertz Technology Market Analysis” has been carried out by considering the following segments: component, application, type, and country. Based on component, the market is bifurcated into terahertz sources and terahertz detectors. By type, the market is divided into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication systems. Based on application, the market is segmented into medical and healthcare, defense and security, food and agriculture, industrial, semiconductor, and others.

Terahertz (THz) technology has emerged as a groundbreaking innovation in the field of medical applications. This advanced technology operates in the electromagnetic spectrum between microwave and infrared light, offering a wide range of possibilities for medical diagnostics and imaging. With its nonionizing nature and ability to penetrate various materials, Terahertz technology presents immense potential to revolutionize healthcare practices, making it a promising investment for businesses in the medical field. Terahertz technology holds significant advantages over existing medical imaging techniques. Its ability to detect and analyze molecular vibrations enables noninvasive and high-resolution imaging, making it ideal for early disease detection, tumor identification, and wound assessment. Additionally, its nonionizing nature eliminates the risks associated with traditional radiation-based techniques, ensuring patient safety and reducing healthcare costs.

Terahertz technology has tremendous potential in defense and security applications, notably for screening persons and items for hidden weapons, explosives, and other contraband. Terahertz radiation can penetrate a wide range of garments and materials, allowing security officers to discover hidden things without requiring personal contact or intrusive inspections. THz machines offer a significant advantage over X-ray machines and millimeter waves (these tubular devices are frequently spotted in airport screening corridors immediately following metal detectors). The waves also cause molecular and electrical movements in numerous materials, reflecting off some, traveling through others, and being absorbed by the rest. These traits have been used in laboratory demonstrations to detect explosives, uncover hidden weapons, inspect space shuttle tiles for faults, and screen for skin cancer and dental rot.

Quenda Terahertz Technology Co., Ltd.; Nuctech Company Ltd; Advanced Photonics; Advantest Corporation; Luna Innovations Inc.; Menlo Systems; Canon Inc.; Horiba; Terasense Group; and Toptica Group are among the prominent players profiled in the China terahertz technology market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The China terahertz technology market forecast can help stakeholders plan their growth strategies.

China Terahertz Technology Market Recent Developments:

Companies in the market highly adopt inorganic and organic strategies such as mergers and acquisitions. As per the company press releases, below are a few recent key developments:

  • In 2023, Luna Innovations Incorporated, a global leader in advanced fiber optic and THz-based technology, announced that it had won a large, new purchase order for its THz sensing solution for application in automotive electric vehicle (EV) battery production. In efforts to keep pace with the growing demand for these solutions, Luna is also announcing the completion of the transfer of production of THz solutions to its Atlanta, Georgia facility, where it expects to achieve four times greater capacity.
  • In 2023, Toptica was a promising technological solution to enable the highest data rates in developing new frequencies up to the terahertz (THz) range for developing a 6G network. The 6G will enable new application scenarios in various industry verticals, such as medical technology and everyday life.
  • In 2021, Luna created a dual-channel Terahertz device to determine the thickness (without calibration) of a highly conductive (metal) layer, in keeping with its position as a thought leader for innovative sensing design techniques. The advancement of the two-channel Terahertz illustrates yet another capacity of Luna's revolutionary Terahertz sensors, bringing Terahertz sensors to a hitherto untapped business niche.

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