Asia Pacific Terahertz Technology Market Segments and Growth by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia Pacific Terahertz Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Terahertz Sources and Terahertz Detectors), Type (Terahertz Imaging System, Terahertz Spectroscopy System, and Terahertz Communication System), and Application (Medical and Healthcare, Defense and Security, Food and Agriculture, Industrial, Semiconductor, and Others)

Report Date : Nov 2021
Report Code : TIPRE00013327

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 123

Page Updated: Nov 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Asia Pacific terahertz technology market is expected to grow from US$ 83.09 million in 2021 to US$ 512.02 million by 2028; it is estimated to grow at a CAGR of 29.7% from 2021 to 2028.

The terahertz ranges in the electromagnetic spectrum ranges between the microwaves and infrared spectrum, which comprises of the frequency of one million oscillations per second. Due to terahertz technology's exceptional properties, the terahertz radiation plays a crucial technology to be adopted in the future. This technology is usually used to detect hidden explosives, drugs as well as can recognize which substances are flowing from the plastic pipe. The terahertz technology is proficient enough to monitor the layer thickness with visualizing material flaws in ceramics or plastic in a non-destructive manner. Owing to its low energy characteristics, the terahertz radiation is non-hazardous for animals as well as humans. The terahertz technology is usually integrated with scanners based on active and passive methods. In a passive method, the scanning is constrained to the natural terahertz radiation, which is emitted through the human body. Similarly, the active method integrates an additional artificial radiation source through terahertz radiation. Thus, the system uses the discrepancy in the wavelength from the backscatter to recreate an image.

In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of business activities, including terahertz technology development activities. Due to the COVID-19 outbreak, the terahertz technology product & solution manufacturing and procurement activities have seen a sharp decline with multiple projects on hold and the unavailability of laborers due to movement restrictions in various countries. Furthermore, due to the corporate tax cuts and the decrease in the overall economic strength in India, the cutoff of the Chinese manufacturers can be advantageous for India's economic growth. The governments of this region are taking drastic measures to reduce the effects of the COVID-19 outbreak by announcing lockdowns, travel and trade bans. All these measures are expected to have a negative impact on the demand for terahertz technology in this region.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific terahertz technology market. The semiconductor is one of the prominent industries in all types of industries. With the growing industrial sector, self-driving vehicles, and consumer electronics, the production of semiconductors is also booming at an exponential rate. With increasing semiconductor production, the adoption of advanced technologies such as terahertz also holds a significant position. Semiconductor packaging inspection; non-destructive fault isolation of packaging systems, fault isolation & defect detection for the microelectronics; wireless communication; semiconductor chips used in communications and mobile computing; transmitters & receivers; and wiring quality of semiconductor packages including wafer-level packages, Flip Chip BGA, and 2.5D/3D ICs are some of the application areas where terahertz is utilized. Also, the application of the terahertz system in semiconductor manufacturing is becoming appealing to composite materials, solar cells, dielectric film, and polymer films. The semiconductor industry using terahertz provides a large potential market for growth; this technology and system is ideal to evaluate epitaxial wafers and interconnects in the packaged chips.
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Asia Pacific Terahertz Technology Market Segmentation

Asia Pacific Terahertz Technology Market – By Component
- Terahertz Sources
- Terahertz Detectors
Asia Pacific Terahertz Technology Market – By Type
- Terahertz Imaging Systems
- Terahertz Spectroscopy System
- Terahertz Communication System
Asia Pacific Terahertz Technology Market – By Application
- Medical and Healthcare
- Defense and Security
- Food and Agriculture
- Industrial
- Semiconductor
- Others
Asia Pacific Terahertz Technology Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific

Asia Pacific Terahertz Technology Report Scope

Report Attribute	Details
Market size in 2021	US$ 83.09 Million
Market Size by 2028	US$ 512.02 Million
Global CAGR (2021 - 2028)	29.7%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Component Terahertz Sources and Terahertz Detectors By Type Terahertz Imaging System Terahertz Spectroscopy System Terahertz Communication System By Application Medical and Healthcare Defense and Security Food and Agriculture Industrial Semiconductor
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Terasense Group Inc. Teraview Limited Advantest Corporation Toptica Photonics AG Luna Innovations Inc. H

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia Pacific Terahertz Technology Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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