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
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
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- 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
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