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North America Terahertz Technology Market

2021

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)

Publication Month: Nov 2021 | Report Code: TIPRE00013325 | No. of Pages: 117 | Category: Electronics and Semiconductor | Status: Published

Market Insights

North America Terahertz Technology Market to Grow at a CAGR of 27.6% to reach US$ 636.48 million by 2028 Million from 2021 to 2028

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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.

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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

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. North America 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 Rising Demand of Terahertz Technology from the Defense, Homeland Security, and Medical Sectors

5.1.2 Growing Use of Terahertz System in Semiconductor Industry

5.2 Market Restraints

5.2.1 Lack of Awareness and Unavailability of Skilled Professionals

5.3 Market Opportunities

5.3.1 Processing Applications of Terahertz Technology in the Food Industry

5.4 Future Trends

5.4.1 Use of Terahertz Technology for Satellite Communication

5.5 Impact Analysis of Drivers and Restraints

6. Terahertz Technology Market – North America Analysis

6.1 Terahertz Technology Market Overview

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

7. North America 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. North America 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. North America 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. North America Terahertz Technology Market – Country Analysis

10.1 North America: Terahertz Technology Market

10.1.1 North America: Terahertz Technology Market- by Key Country

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

10.1.1.1.1 US: Terahertz Technology Market- by Component

10.1.1.1.2 US: Terahertz Technology Market- By Type

10.1.1.1.3 US: Terahertz Technology Market- By Application

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

10.1.1.2.1 Canada: Terahertz Technology Market- by Component

10.1.1.2.2 Canada: Terahertz Technology Market- By Type

10.1.1.2.3 Canada: Terahertz Technology Market- By Application

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

10.1.1.3.1 Mexico: Terahertz Technology Market- by Component

10.1.1.3.2 Mexico: Terahertz Technology Market- By Type

10.1.1.3.3 Mexico: Terahertz Technology Market- By Application

11. North America Terahertz Technology Market- COVID-19 Impact Analysis

11.1 Overview

11.2 North America

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 Advanced Photonix Inc.

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 Microtech Instrument 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. North America Terahertz Technology Market – Revenue, and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. Terahertz Technology Market Segmentation

Figure 2. Terahertz Technology Market Segmentation – By Country

Figure 3. North America 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. US was the Largest Revenue Contributor in 2020

Figure 8. North America – 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. North America 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. North America: Terahertz Technology Market, by Key Country – Revenue (2020) (USD Million)

Figure 28. North America: Terahertz Technology Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Figure 32. Impact of COVID-19 Pandemic in North American 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. Advanced Photonix Inc.
  9. Microtech Instrument Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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