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Asia Pacific Terahertz Technology Market

2021

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)

Publication Month: Nov 2021 | Report Code: TIPRE00013327 | No. of Pages: 123 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Asia Pacific Terahertz Technology Market to Grow at a CAGR of 29.7% to reach US$ 512.02 million by 2028 Million from 2021 to 2028

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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

TABLE OF CONTENTS

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. Asia Pacific Terahertz Technology Market Landscape

4.1 Market Overview

4.2 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 Incrementing Demand for Terahertz Technology from Various Sectors

5.1.2 Rise in the Usage of Terahertz System in Semiconductor Industry

5.2 Market Restraints

5.2.1 Lack of Awareness Together with Shortage of Skilled Professionals

5.3 Market Opportunities

5.3.1 Implementation of Terahertz Technology in Processing Applications in the Food Industry

5.4 Future Trends

5.4.1 Incorporation of Terahertz Technology for Satellite Communication

5.5 Impact Analysis of Drivers and Restraints

6. Terahertz Technology Market – Asia Pacific Analysis

6.1 Terahertz Technology Market Asia Pacific Overview

6.2 Terahertz Technology Market – Asia Pacific Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Terahertz Technology Market Analysis – By Component

7.1 Overview

7.2 Terahertz Technology Market, By Component (2020 and 2028)

7.3 Terahertz Sources

7.3.1 Overview

7.3.2 Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Terahertz Detectors

7.4.1 Overview

7.4.2 Terahertz Detectors: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Terahertz Technology Market – By Type

8.1 Overview

8.2 Terahertz Technology Market, by Type (2020 and 2028)

8.3 Terahertz Imaging Systems

8.3.1 Overview

8.3.2 Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Terahertz Spectroscopy Systems

8.4.1 Overview

8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Terahertz Communication Systems

8.5.1 Overview

8.5.2 Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Terahertz Technology Market – By Application

9.1 Overview

9.2 Terahertz Technology Market, by Application (2020 and 2028)

9.3 Medical and Healthcare

9.3.1 Overview

9.3.2 Medical and Healthcare: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Defense and Security

9.4.1 Overview

9.4.2 Defense and Security: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Food and Agriculture

9.5.1 Overview

9.5.2 Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Industrial

9.6.1 Overview

9.6.2 Industrial: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Semiconductor

9.7.1 Overview

9.7.2 Semiconductor: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Other

9.8.1 Overview

9.8.2 Others: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Terahertz Technology Market – Country Analysis

10.1 Asia Pacific: Terahertz Technology Market

10.1.1 Asia Pacific: Terahertz Technology Market- by Key Country

10.1.1.1 Australia: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Terahertz Technology Market- by Component

10.1.1.1.2 Australia: Terahertz Technology Market- By Type

10.1.1.1.3 Australia: Terahertz Technology Market- By Application

10.1.1.2 China: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Terahertz Technology Market- by Component

10.1.1.2.2 China: Terahertz Technology Market- By Type

10.1.1.2.3 China: Terahertz Technology Market- By Application

10.1.1.3 India: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Terahertz Technology Market- by Component

10.1.1.3.2 India: Terahertz Technology Market- By Type

10.1.1.3.3 India: Terahertz Technology Market- By Application

10.1.1.4 Japan: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Terahertz Technology Market- by Component

10.1.1.4.2 Japan: Terahertz Technology Market- By Type

10.1.1.4.3 Japan: Terahertz Technology Market- By Application

10.1.1.5 South Korea: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Terahertz Technology Market- by Component

10.1.1.5.2 South Korea: Terahertz Technology Market- By Type

10.1.1.5.3 South Korea: Terahertz Technology Market- By Application

10.1.1.6 Rest of APAC: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Terahertz Technology Market- by Component

10.1.1.6.2 Rest of APAC: Terahertz Technology Market- By Type

10.1.1.6.3 Rest of APAC: Terahertz Technology Market- By Application

11. Asia Pacific Terahertz Technology Market- COVID-19 Impact Analysis

11.1 Overview

11.2 Asia-Pacific

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

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 limited

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 Corporation

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 HÜBNER 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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. Asia Pacific Terahertz Technology Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. Australia: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 5. China: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8. India: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 11. Japan: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 14. South Korea: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of APAC: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of APAC: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of APAC: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 20. List of Abbreviation

LIST OF FIGURES

Figure 1. Terahertz Technology Market Segmentation

Figure 2. Terahertz Technology Market Segmentation – By Country

Figure 3. Asia Pacific Terahertz Technology Market Overview

Figure 4. Terahertz Detectors Segment Held the Largest Market Share in 2020

Figure 5. Terahertz Imaging Systems Segment Held the Largest Market Share in 2020

Figure 6. Medical and Healthcare Segment Held the Largest Market Share in 2020

Figure 7. China was the Largest Revenue Contributor in 2020

Figure 8. Asia-Pacific – PEST Analysis

Figure 9. Terahertz Technology Market– Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. Terahertz Technology Market Impact Analysis of Drivers and Restraints

Figure 12. Asia Pacific Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Terahertz Technology Market Revenue Share, by Component (2020 and 2028)

Figure 14. Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Terahertz Detectors Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Terahertz Technology Market Revenue Share, by Type (2020 and 2028)

Figure 17. Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Terahertz Technology Market Revenue Share, by Application (2020 and 2028)

Figure 21. Medical and Healthcare: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Defense and Security: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Industrial: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Semiconductor: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Others: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Asia Pacific: Terahertz Technology Market, by Key Country – Revenue (2020) (USD Million)

Figure 28. Asia Pacific: Terahertz Technology Market Revenue Share, By Key Country (2020 and 2028)

Figure 29. Australia: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. China: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. India: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Japan: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. South Korea: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Rest of APAC: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

  1. Terasense Group Inc.
  2. Teraview Limited
  3. Advantest Corporation
  4. Toptica Photonics AG
  5. Luna Innovations Inc.
  6. HÜBNER GmbH & Co. KG
  7. Menlo Systems GmbH
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the
  • APAC Terahertz Technology market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Terahertz Technology market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the terahertz technology market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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