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Europe Terahertz Technology Market

2021

Europe 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: TIPRE00013326 | No. of Pages: 129 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Europe Terahertz Technology Market to Grow at a CAGR of 28.6% to reach US$ 543.96 million by 2028 Million from 2021 to 2028

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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.
terahertz technology market

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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

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. Europe Terahertz Technology Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Ecosystem Analysis

4.3 Expert Opinion

4.4 Premium Insights

5. Terahertz Technology Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 An Upsurge in Demand for Terahertz Technology from the Defense, Homeland Security, and Medical Sectors

5.1.2 Growing Application Base of Terahertz System in Semiconductor Industry

5.2 Market Restraints

5.2.1 Lack of Awareness Together with the Absence of Skilled Professionals

5.3 Market Opportunities

5.3.1 Rapid Use of Terahertz Technology in Processing Applications in the Food Industry

5.4 Future Trends

5.4.1 Utilization of Terahertz Technology in Satellite Communication

5.5 Impact Analysis of Drivers and Restraints

6. Terahertz Technology Market – Europe Analysis

6.1 Terahertz Technology Market Europe Overview

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

7. Europe 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. Europe 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. Europe 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 Others

9.8.1 Overview

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

10. Europe Terahertz Technology Market – Country Analysis

10.1 Europe: Terahertz Technology Market

10.1.1 Europe: Terahertz Technology Market- by Key Country

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

10.1.1.1.1 Germany: Terahertz Technology Market- by Component

10.1.1.1.2 Germany: Terahertz Technology Market- By Type

10.1.1.1.3 Germany: Terahertz Technology Market- By Application

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

10.1.1.2.1 France: Terahertz Technology Market- by Component

10.1.1.2.2 France: Terahertz Technology Market- By Type

10.1.1.2.3 France: Terahertz Technology Market- By Application

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

10.1.1.3.1 Italy: Terahertz Technology Market- by Component

10.1.1.3.2 Italy: Terahertz Technology Market- By Type

10.1.1.3.3 Italy: Terahertz Technology Market- By Application

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

10.1.1.4.1 UK: Terahertz Technology Market- by Component

10.1.1.4.2 UK: Terahertz Technology Market- By Type

10.1.1.4.3 UK: Terahertz Technology Market- By Application

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

10.1.1.5.1 Russia: Terahertz Technology Market- by Component

10.1.1.5.2 Russia: Terahertz Technology Market- By Type

10.1.1.5.3 Russia: Terahertz Technology Market- By Application

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

10.1.1.6.1 Rest of Europe: Terahertz Technology Market- by Component

10.1.1.6.2 Rest of Europe: Terahertz Technology Market- By Type

10.1.1.6.3 Rest of Europe: Terahertz Technology Market- By Application

11. Europe Terahertz Technology Market- COVID-19 Impact Analysis

11.1 Overview

11.2 Europe

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

13.8 Acal BFi Limited

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Advanced Photonix Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 19. Rest of Europe: 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. Europe 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. Rest of Europe was the Largest Revenue Contributor in 2020

Figure 8. Europe – 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. Europe Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

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

Figure 14. erahertz 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. Europe: Terahertz Technology Market, by Key Country – Revenue (2020) (USD Million)

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

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

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

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

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

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

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

Figure 35. Impact of COVID-19 Pandemic in Europe 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
  8. Acal BFi Limited
  9. Advanced Photonix Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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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