Europe Terahertz Technology Market Developments and Forecast by 2028

The Europe terahertz technology market is expected to grow from US$ 93.29 million in 2021 to US$ 543.96 million by 2028; it is estimated to grow at a CAGR of 28.6% from 2021 to 2028. The use of ionizing radiation (X-rays) is critical for quality control and nondestructive testing because of its detrimental effect on biological agents. It is here that Terahertz imaging technology is beneficial, and there are many examples of the valuable application of THz imaging in the food industry. Instead of using X-ray machines, food manufacturers and packagers can use terahertz food scanners to check, for example, whether a pick-and-place robotic arm has placed all candy bars inside the carton. The THz imagers have no problem seeing through cardboard or PE packaging — individual chocolate bars can be wrapped in any material, even metal-containing foil that is impervious to the THz rays. Metal foil in the THz images would create even better contrast. Also, reports of insects and other foreign objects found in food are a severe cause of concern to consumers, food producers, as well as retailers alike. Unwrapping a chocolate bar could reveal an unpleasant surprise, like an insect, pieces of metal or glass, or clots of dirt. This can kill not only the appetite of the consumer but also cause a broken tooth or poisoning. On top of that, a producer or retailer in some countries may end up being sued, potentially leading to fines and lawsuits worth millions of dollars. The market players have made some tests specifically for the food industry to demonstrate the ability to identify foreign objects (e.g., insects, pieces of plastics, metal, stones, or soil) inside of some food products. For example, TeraSense Group's THz imaging systems can easily detect a common housefly via multiple polyethylene bags, even if the total thickness of such PET coating exceeds 20 mm. Also, TeraSense imaging systems reveal carcinogenic mycotoxin fungus contaminating peanuts, corn, hazelnuts, and other grain crops and oil plants.

European countries represent a major market for terahertz technology owing to the presence of military & defense manufacturing companies in the region. The lockdown imposed due to the COVID-19 pandemic affected the aircraft manufacturing and development, thereby impacting the terahertz technology market growth in this region. In addition, the disruptions in raw materials and component supply further aggravated the problems faced by terahertz technology manufacturers in this region. All these factors have directly impacted the terahertz technology market growth in the European countries.

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 Europe terahertz technology market. THz technology applies to various domains that provide unprecedented capabilities for many research fields. ICTs also have a strong potential to benefit from THz technology in wireless communication, high-speed data processing, and satellite communications. Satellites are widely used for a wide variety of communication applications. In the past few years, there has been growing interest in the field of satellite networks, which allows for an entirely new class of navigation, communication, and remote sensing missions. Consequently, innovative methodologies are needed to satisfy the increasing demand for high-speed wireless connection. Terahertz band communication is conceived as the key technology in meeting the need for high data rates. Wireless terabit per second links is expected to become a reality very soon due to the broad availability of bandwidth at the terahertz band. Terahertz wave has many characteristics, such as wide frequency band, high speed, small scattering, high penetrability, good directionality, high safety, and so on. It is another frequency band of communication between microwave communication and laser communication. Besides, recent advances in terahertz technology, such as electronic approach III-V semiconductor technologies and optical Quantum Cascade Lasers, allow frequency generation from 0.34 THz to 1 THz with power from 1 mW to 10 mW. Thus, the use of terahertz technology for satellite communication is one of the significant trends affecting the market growth during the forecast period.
 

Europe Terahertz Technology Market Segmentation

• Europe Terahertz Technology Market – By Component
  • Terahertz Sources
  • Terahertz Detectors
• Europe Terahertz Technology Market – By Type
  • Terahertz Imaging Systems
  • Terahertz Spectroscopy System
  • Terahertz Communication System
• Europe Terahertz Technology Market – By Application
  • Medical and Healthcare
  • Defense and Security
  • Food and Agriculture
  • Industrial
  • Semiconductor
  • Others
• Europe Terahertz Technology Market – By Country
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Terahertz Technology Report Scope