North America Terahertz Technology Market Drivers and Forecasts by 2028

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

North America 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 : TIPRE00013325

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 117

Page Updated: Nov 2021

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

The North America terahertz technology market is expected to grow from US$ 115.51 million in 2021 to US$ 636.48 million by 2028; it is estimated to grow at a CAGR of 27.6% 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 North America, US reported a huge number of COVID-19 cases, which led to the discontinuation of several business, including terahertz technology development activities. The huge increase in the number of confirmed cases and rising reported deaths in the country is affecting both supply and demand of terahertz technology due to supply chain disruptions across the region. The halt in manufacturing activities of products and solutions associated with various industries across the US, Canada and Mexico are impacting the demand of terahertz technology. Hence, the ongoing COVID-19 crisis and critical situation in the region is going to impact the terahertz technology market growth of North America region in a negative manner for the next few quarters.

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 North America 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.

25488-img1

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Terahertz Technology Market Segmentation

North America Terahertz Technology Market – By Component
- Terahertz Sources
- Terahertz Detectors
North America Terahertz Technology Market – By Type
- Terahertz Imaging Systems
- Terahertz Spectroscopy System
- Terahertz Communication System
North America Terahertz Technology Market – By Application
- Medical and Healthcare
- Defense and Security
- Food and Agriculture
- Industrial
- Semiconductor
- Others
North America Terahertz Technology Market – By Country
- US
- Canada
- Mexico

North America Terahertz Technology Report Scope

Report Attribute	Details
Market size in 2021	US$ 115.51 Million
Market Size by 2028	US$ 636.48 Million
Global CAGR (2021 - 2028)	27.6%
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	North America US Canada Mexico
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 North America 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

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy