Terahertz Technology Market to Grow at a CAGR of 28.3% to reach US$ 1,841.7 Million from 2020 to 2028

    Terahertz Technology Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Terahertz Sources, Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication System), and Application ( Medical and Healthcare, Defense and Security, Food and Agriculture, Industrial, Semiconductor, and Others), and Geography

    Publication Month: Sep 2021 | Report Code: TIPTE100001364 | No. of Pages: 163 | Category: Electronics and Semiconductor | Status: Published

    The terahertz technology market is projected to reach US$ 1,841.7 million by 2028 from US$ 321.0 million in 2021; it is expected to grow at a CAGR of 28.3% from 2021 to 2028.

    The terahertz range fall between the microwaves and infrared bandwidths in the electromagnetic spectrum, and it comprises the frequency of one million oscillations per second. The Terahertz technology is employed to detect hidden explosives and drugs as well as to recognize the unexpected flow of substances from plastic pipes. Terahertz technology is capable of nondestructively monitoring layer thickness and seeing material defects in ceramics and plastics. The terahertz radiations are not harmful to animals and humans. The terahertz technology is usually integrated with scanners based on active and passive methods. In the passive method, the scanning ability is usually limited to natural terahertz radiations, which are emitted through the human body. However, the active method utilizes artificial radiations from an additional source along with the terahertz radiations. Thus, the active terahertz system utilizes the difference in the wavelength from the backscatter to recreate an image.


    Strategic Insights

    The terahertz technology is most commonly used in terahertz spectroscopy, which is used predominantly in biomedical research owing to its exclusive features, including label-free and non-invasive identification, and medical imaging of living cells. Significant advantages of this technology play a vital role in blood cell detection, bacterial identification, cancer cell characterization, and biological tissue discrimination. The ongoing COVID-19 outbreak is anticipated to affect the global economy negatively, thus disrupting the business activities and company revenues in the terahertz technology industry as well. Business lockdowns, travel bans, event cancellations, and supply chain disruptions in various countries are affecting the growth of the global terahertz technology market. The terahertz technology market is segmented on the basis of component, type, application, and geography. Based on component, the market is segmented into terahertz sources and terahertz detectors. The terahertz detector segment held the largest market share in 2020. Based on type, the market is segmented into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. The terahertz communication system is expected to register the highest CAGR in the terahertz technology market during the forecast period. Based on application, the terahertz technology market is segmented into medical and healthcare, defense and security, food and agriculture, industrial, and others. The medical and healthcare segment held the largest market share in 2020, and it is further projected to continue its dominance during the forecast period.

    Impact of COVID-19 Pandemic on Terahertz Technology Market

    The emergence and rapid spread of COVID-19 has paralyzed both developed and developing countries. A continuous surge in the count of infected patients is threatening several industries across the world. Since the majority of countries are imposing lockdown measures, whenever required, the temporary shutdown of manufacturing facilities is resulting in a negative trend in the terahertz technology market. Key market players are restricting their investments on high-tech solutions and are rather utilizing a fair percentage of their budget for combating the impact of COVID-19 on their businesses. The semiconductor and automotive industries are among major victims of the pandemic. The food and agriculture industries requires a significant number of human labors; however, these industries couldn’t work to their optimum as this disease spreads through public gatherings. The negative trend in these industries restrained the terahertz technology market growth in 2020.

    Lucrative Regions for Terahertz Technology Market

    Lucrative Regions for Terahertz Technology Market

    Get more information on this report :


    Market Insights
    Rising Demand for Terahertz Technology from Defense, Homeland Security, and Medical Sectors Drives Market Growth

    With growing technological advancements, the demand for the implementation of terahertz technology across the military & defense and healthcare sectors is also rising. Due to a rise in the study of the "THz gap," which sits between photonics and electronics, manufacturers are increasingly focusing on the development of THz sources, transmission or reflection, and detection technologies. This technology is being used in applications such as chemistry, biomedicine, material science, security screening, and communications. The exclusive properties of THz radiations are well-suited for healthcare applications; these radiations can stimulate low-frequency molecular vibrations, which includes van der Waals or other non-bonded interaction and hydrogen bonds. The propagation of THz radiation from biomolecule, which produces spectral vibrational signature along the THz range, is one of the essential features of terahertz technology. Similarly, the THz imaging enables the detection of tissues as well as distinction between pathological and normal tissues. Thus, terahertz technology has a wider range of applications in the healthcare sector. The THz frequency range lies on the margin of the electronic world, where microwave, as well as radio radiations, are easily generated from the photonic world and electron-based devices, where the applications of optical techniques are easy. Handheld scanners incorporated with the terahertz technology are increasingly being deployed at airports and other public spaces for security screening. Furthermore, the rising terrorist activities, as well as other criminal activities, is driving government investments across several countries to establish enhanced security infrastructure. Thus, it is anticipated to bolster the demand for terahertz technology during the forecast period.

    Component-Based Market Insights

    Based on component, the global terahertz technology market is segmented into terahertz sources and terahertz detectors. Presently, several companies are operating in the market, offering different terahertz technology components for various industries. For instance, the components that are commonly available for terahertz technology include terahertz sources and terahertz detectors that are developed to generate, detect, and manipulate coherent terahertz signals.

    Type-Based Market Insights

    Based on type, the global terahertz technology market is broadly segmented into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication systems. The major characteristics of THz frequencies include high transmission through fabrics, plastics, and paper materials; a strong sensitivity toward polar liquids that are much attenuating; and spectroscopic responses to different materials. These characteristics have made the THz region an ideal region of the spectrum for numerous new applications such as remote identification of explosive substances with spectroscopic response of the crystalline compounds in C4, imaging of the skin cancers beneath the skin owing to increased water content in tumor cells, and nondestructive imaging of items covered in packaging.

    Application-Based Market Insights

    Terahertz radiations offer numerous opportunities for imaging and sensing. Many envisioned THz applications are based on the fact that specific vibrations, rotations, and liberation of molecules and molecular aggregates occur in this frequency range. Moreover, there is a high interest in the THz imaging technology among several industrial clients, researchers, and original equipment manufacturers (OEMs). The unremitting developments in the technology owing to focused research carried out in several universities around the world generate more opportunities for the acceptance of terahertz technology in several new applications, including food quality inspection, security screening, and medical diagnostics. Thus, the market, by application, is segmented into medical and healthcare, defense and security, food and agriculture, industrial, and others. The others segment is further broken down as automotive industry, astrophysics, and ceramic industry.

    Product development is the commonly adopted strategy by companies to expand their product portfolio. Acal BFi UK Ltd; Advanced Photonix, Inc.; Advantest Corporation; HÜBNER GmbH & Co. KG; Luna Innovations, Inc.; Menlo Systems GmbH; Microtech Instrument, Inc.; Terasense Group, Inc.; Teraview limited; and Toptica Photonics AG are among key players implementing strategies to enlarge the customer base and gain significant share in the terahertz technology market, which, in turn, permits them to maintain their brand name globally. A few of the recent key developments are as follows:

    • In 2020, TeraSense announced its new powerful 0.8W and 1.8W waves sources at 94 GHz, which are IMPATT-based generators with output power ranging from 0.08 W to 1.8 W.
    • In 2020, Toptica announced TeraFETs enabled with TeraScan, the next-generation terahertz detectors that enhance its performance.
    • In 2018, Luna Innovations announced its merger with Advanced Photonix, Inc. to form new division named as "PicoMetrix." This new division comprises terahertz products, and fiber optic testing and sensing products suite of Luna Innovations.

    Terahertz Technology Market Segmentation:

    Terahertz Technology Market – by Component


    • Terahertz Sources
    • Terahertz Detectors

    Terahertz Technology Market – by Type

    • Terahertz Imaging Systems
    • Terahertz Spectroscopy Systems
    • Terahertz Communication System

    Terahertz Technology Market – by Application

    • Medical and Healthcare
    • Defense and Security
    • Food and Agriculture
    • Industrial
    • Semiconductor
    • Others

    Terahertz Technology Market – by Geography

    • North America

      • U.S.
      • Canada
      • Mexico
    • Europe

      • France
      • Germany
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)

      • Australia
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Middle East & Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)

      • Brazil
      • Argentina
      • Rest of SAM

    Terahertz Technology Market – Company Profiles

    • Acal BFi UK Ltd
    • Advanced Photonix Inc.
    • Advantest Corporation
    • HÜBNER GmbH & Co. KG
    • Luna Innovations Inc.
    • Menlo Systems GmbH
    • Microtech Instrument Inc.
    • Terasense Group Inc.
    • Teraview limited
    • Toptica Photonics AG
    • Das-Nano SL

    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. Terahertz Technology Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America – PEST Analysis

    4.2.2 Europe – PEST Analysis

    4.2.3 Asia-Pacific – PEST Analysis

    4.2.4 Middle East and Africa – PEST Analysis

    4.2.5 South America – PEST Analysis

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    4.5 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 – Global Analysis

    6.1 Terahertz Technology Market Global Overview

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

    6.3 Market Positioning – Five Key Players

    7. 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. 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. 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 Other Applications

    9.8.1 Overview

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

    10. Terahertz Technology Market – Geographic Analysis

    10.1 Overview

    10.2 North America: Terahertz Technology Market

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

    10.2.2 North America: Terahertz Technology Market- by Component

    10.2.3 North America: Terahertz Technology Market- By Type

    10.2.4 North America: Terahertz Technology Market- By Application

    10.2.5 North America: Terahertz Technology Market- by Key Country

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

    10.2.5.1.1 US: Terahertz Technology Market- by Component

    10.2.5.1.2 US: Terahertz Technology Market- By Type

    10.2.5.1.3 US: Terahertz Technology Market- By Application

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

    10.2.5.2.1 Canada: Terahertz Technology Market- by Component

    10.2.5.2.2 Canada: Terahertz Technology Market- By Type

    10.2.5.2.3 Canada: Terahertz Technology Market- By Application

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

    10.2.5.3.1 Mexico: Terahertz Technology Market- by Component

    10.2.5.3.2 Mexico: Terahertz Technology Market- By Type

    10.2.5.3.3 Mexico: Terahertz Technology Market- By Application

    10.3 Europe: Terahertz Technology Market

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

    10.3.2 Europe: Terahertz Technology Market- by Component

    10.3.3 Europe: Terahertz Technology Market- By Type

    10.3.4 Europe: Terahertz Technology Market- By Application

    10.3.5 Europe: Terahertz Technology Market- by Key Country

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

    10.3.5.1.1 Germany: Terahertz Technology Market- by Component

    10.3.5.1.2 Germany: Terahertz Technology Market- By Type

    10.3.5.1.3 Germany: Terahertz Technology Market- By Application

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

    10.3.5.2.1 France: Terahertz Technology Market- by Component

    10.3.5.2.2 France: Terahertz Technology Market- By Type

    10.3.5.2.3 France: Terahertz Technology Market- By Application

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

    10.3.5.3.1 Italy: Terahertz Technology Market- by Component

    10.3.5.3.2 Italy: Terahertz Technology Market- By Type

    10.3.5.3.3 Italy: Terahertz Technology Market- By Application

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

    10.3.5.4.1 UK: Terahertz Technology Market- by Component

    10.3.5.4.2 UK: Terahertz Technology Market- By Type

    10.3.5.4.3 UK: Terahertz Technology Market- By Application

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

    10.3.5.5.1 Russia: Terahertz Technology Market- by Component

    10.3.5.5.2 Russia: Terahertz Technology Market- By Type

    10.3.5.5.3 Russia: Terahertz Technology Market- By Application

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

    10.3.5.6.1 Rest of Europe: Terahertz Technology Market- by Component

    10.3.5.6.2 Rest of Europe: Terahertz Technology Market- By Type

    10.3.5.6.3 Rest of Europe: Terahertz Technology Market- By Application

    10.4 APAC: Terahertz Technology Market

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

    10.4.2 APAC: Terahertz Technology Market- by Component

    10.4.3 APAC: Terahertz Technology Market- By Type

    10.4.4 APAC: Terahertz Technology Market- By Application

    10.4.5 APAC: Terahertz Technology Market- by Key Country

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

    10.4.5.1.1 Australia: Terahertz Technology Market- by Component

    10.4.5.1.2 Australia: Terahertz Technology Market- By Type

    10.4.5.1.3 Australia: Terahertz Technology Market- By Application

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

    10.4.5.2.1 China: Terahertz Technology Market- by Component

    10.4.5.2.2 China: Terahertz Technology Market- By Type

    10.4.5.2.3 China: Terahertz Technology Market- By Application

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

    10.4.5.3.1 India: Terahertz Technology Market- by Component

    10.4.5.3.2 India: Terahertz Technology Market- By Type

    10.4.5.3.3 India: Terahertz Technology Market- By Application

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

    10.4.5.4.1 Japan: Terahertz Technology Market- by Component

    10.4.5.4.2 Japan: Terahertz Technology Market- By Type

    10.4.5.4.3 Japan: Terahertz Technology Market- By Application

    10.4.5.5 South Korea: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.5.1 South Korea: Terahertz Technology Market- by Component

    10.4.5.5.2 South Korea: Terahertz Technology Market- By Type

    10.4.5.5.3 South Korea: Terahertz Technology Market- By Application

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

    10.4.5.6.1 Rest of APAC: Terahertz Technology Market- by Component

    10.4.5.6.2 Rest of APAC: Terahertz Technology Market- By Type

    10.4.5.6.3 Rest of APAC: Terahertz Technology Market- By Application

    10.5 MEA: Terahertz Technology Market

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

    10.5.2 MEA: Terahertz Technology Market- by Component

    10.5.3 MEA: Terahertz Technology Market- By Type

    10.5.4 MEA: Terahertz Technology Market- By Application

    10.5.5 MEA: Terahertz Technology Market- by Key Country

    10.5.5.1 South Africa: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.1.1 South Africa: Terahertz Technology Market- by Component

    10.5.5.1.2 South Africa: Terahertz Technology Market- By Type

    10.5.5.1.3 South Africa: Terahertz Technology Market- By Application

    10.5.5.2 Saudi Arabia: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.2.1 Saudi Arabia: Terahertz Technology Market- by Component

    10.5.5.2.2 Saudi Arabia: Terahertz Technology Market- By Type

    10.5.5.2.3 Saudi Arabia: Terahertz Technology Market- By Application

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

    10.5.5.3.1 UAE: Terahertz Technology Market- by Component

    10.5.5.3.2 UAE: Terahertz Technology Market- By Type

    10.5.5.3.3 UAE: Terahertz Technology Market- By Application

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

    10.5.5.4.1 Rest of MEA: Terahertz Technology Market- by Component

    10.5.5.4.2 Rest of MEA: Terahertz Technology Market- By Type

    10.5.5.4.3 Rest of MEA: Terahertz Technology Market- By Application

    10.6 SAM: Terahertz Technology Market

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

    10.6.2 SAM: Terahertz Technology Market- by Component

    10.6.3 SAM: Terahertz Technology Market- By Type

    10.6.4 SAM: Terahertz Technology Market- By Application

    10.6.5 SAM: Terahertz Technology Market- by Key Country

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

    10.6.5.1.1 Brazil: Terahertz Technology Market- by Component

    10.6.5.1.2 Brazil: Terahertz Technology Market- By Type

    10.6.5.1.3 Brazil: Terahertz Technology Market- By Application

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

    10.6.5.2.1 Argentina: Terahertz Technology Market- by Component

    10.6.5.2.2 Argentina: Terahertz Technology Market- By Type

    10.6.5.2.3 Argentina: Terahertz Technology Market- By Application

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

    10.6.5.3.1 Rest of SAM: Terahertz Technology Market- by Component

    10.6.5.3.2 Rest of SAM: Terahertz Technology Market- By Type

    10.6.5.3.3 Rest of SAM: Terahertz Technology Market- By Application

    11. Terahertz Technology Market- COVID-19 Impact Analysis

    11.1 Overview

    11.2 North America

    11.3 Europe

    11.4 Asia-Pacific

    11.5 Middle East and Africa

    11.6 South 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 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

    13.10 Microtech Instrument Inc.

    13.10.1 Key Facts

    13.10.2 Business Description

    13.10.3 Products and Services

    13.10.4 Financial Overview

    13.10.5 SWOT Analysis

    13.10.6 Key Developments

    13.11 das-Nano SL

    13.11.1 Key Facts

    13.11.2 Business Description

    13.11.3 Products and Services

    13.11.4 Financial Overview

    13.11.5 SWOT Analysis

    13.11.6 Key Developments

    14. Appendix

    14.1 About The Insight Partners

    14.2 Word Index


    LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Table 19. Germany: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 20. France: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 21. France: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 22. France: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 23. Italy: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 24. Italy: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 25. Italy: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 26. UK: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 27. UK: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 28. UK: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 29. Russia: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 30. Russia: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 31. Russia: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 32. Rest of Europe: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 33. Rest of Europe: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

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

    Table 35. APAC: Terahertz Technology Market- by Component – Revenue and Forecast to 2028 (US$ Million)

    Table 36. APAC: Terahertz Technology Market- By Type – Revenue and Forecast to 2028 (US$ Million)

    Table 37. APAC: Terahertz Technology Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 38. Australia: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 39. Australia: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 40. Australia: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 41. China: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 42. China: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 43. China: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 44. India: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 45. India: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 46. India: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 47. Japan: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 48. Japan: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 49. Japan: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 50. South Korea: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 51. South Korea: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 52. South Korea: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 53. Rest of APAC: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 54. Rest of APAC: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 55. Rest of APAC: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 56. MEA: Terahertz Technology Market- by Component– Revenue and Forecast to 2028 (US$ Million)

    Table 57. MEA: Terahertz Technology Market- By Type – Revenue and Forecast to 2028 (US$ Million)

    Table 58. MEA: Terahertz Technology Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 59. South Africa: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 60. South Africa: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 61. South Africa: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 62. Saudi Arabia: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 63. Saudi Arabia: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 64. Saudi Arabia: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 65. UAE: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 66. UAE: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 67. UAE: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 68. Rest of MEA: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 69. Rest of MEA: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 70. Rest of MEA: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 71. SAM: Terahertz Technology Market- by Component – Revenue and Forecast to 2028 (US$ Million)

    Table 72. SAM: Terahertz Technology Market- By Type – Revenue and Forecast to 2028 (US$ Million)

    Table 73. SAM: Terahertz Technology Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 74. Brazil: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 75. Brazil: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 76. Brazil: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 77. Argentina: Terahertz Technology Market- by Component –Revenue and Forecast to 2028 (US$ Million)

    Table 78. Argentina: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 79. Argentina: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 80. Rest of SAM: Terahertz Technology Market- by Component–Revenue and Forecast to 2028 (US$ Million)

    Table 81. Rest of SAM: Terahertz Technology Market- By Type –Revenue and Forecast to 2028 (US$ Million)

    Table 82. Rest of SAM: Terahertz Technology Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 83. List of Abbreviation


    LIST OF FIGURES

    Figure 1. Terahertz Technology Market Segmentation

    Figure 2. Terahertz Technology Market Segmentation – By Geography

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

    Figure 8. North America – PEST Analysis

    Figure 9. Europe – PEST Analysis

    Figure 10. Asia-Pacific – PEST Analysis

    Figure 11. Middle East and Africa – PEST Analysis

    Figure 12. South America – PEST Analysis

    Figure 13. Terahertz Technology Market– Ecosystem Analysis

    Figure 14. Expert Opinion

    Figure 15. Terahertz Technology Market Impact Analysis of Drivers and Restraints

    Figure 16. Geographic Overview of Terahertz Technology Market

    Figure 17. Global Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 18. Terahertz Technology Market Revenue Share, by Component (2020 and 2028)

    Figure 19. Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 20. Terahertz Detectors Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 21. Terahertz Technology Market Revenue Share, by Type (2020 and 2028)

    Figure 22. Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 23. Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 24. Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. Terahertz Technology Market Revenue Share, by Application (2020 and 2028)

    Figure 26. Medical and Healthcare: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 27. Defense and Security: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 28. Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

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

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

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

    Figure 32. Terahertz Technology Market Revenue Share, By Region (2020 and 2028)

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

    Figure 34. North America: Terahertz Technology Market Revenue Share, by Component (2020 and 2028)

    Figure 35. North America: Terahertz Technology Market Revenue Share, By Type (2020 and 2028)

    Figure 36. North America: Terahertz Technology Market Revenue Share, By Application (2020 and 2028)

    Figure 37. North America: Terahertz Technology Market Revenue Share, by Key Country (2020 and 2028)

    Figure 38. US: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 39. Canada: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 40. Mexico: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 41. Europe: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 42. Europe: Terahertz Technology Market Revenue Share, By Component (2020 and 2028)

    Figure 43. Europe: Terahertz Technology Market Revenue Share, By Type (2020 and 2028)

    Figure 44. Europe: Terahertz Technology Market Revenue Share, By Application (2020 and 2028)

    Figure 45. Europe: Terahertz Technology Market Revenue Share, By Key Country (2020 and 2028)

    Figure 46. Germany: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 47. France: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 48. Italy: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 49. UK: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 50. Russia: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 51. Rest of Europe: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 52. APAC: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 53. APAC: Terahertz Technology Market Revenue Share, By Component (2020 and 2028)

    Figure 54. APAC: Terahertz Technology Market Revenue Share, By Type (2020 and 2028)

    Figure 55. APAC: Terahertz Technology Market Revenue Share, By Application (2020 and 2028)

    Figure 56. APAC: Terahertz Technology Market Revenue Share, By Key Country (2020 and 2028)

    Figure 57. Australia: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 58. China: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 59. India: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 60. Japan: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 61. South Korea: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 62. Rest of APAC: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 63. MEA: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 64. MEA: Terahertz Technology Market Revenue Share, By Component (2020 and 2028)

    Figure 65. MEA: Terahertz Technology Market Revenue Share, By Type (2020 and 2028)

    Figure 66. MEA: Terahertz Technology Market Revenue Share, By Application (2020 and 2028)

    Figure 67. MEA: Terahertz Technology Market Revenue Share, By Key Country (2020 and 2028)

    Figure 68. South Africa: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 69. Saudi Arabia: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 70. UAE: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 71. Rest of MEA: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 72. SAM: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 73. SAM: Terahertz Technology Market Revenue Share, By Component (2020 and 2028)

    Figure 74. SAM: Terahertz Technology Market Revenue Share, By Type (2020 and 2028)

    Figure 75. SAM: Terahertz Technology Market Revenue Share, By Application (2020 and 2028)

    Figure 76. SAM: Terahertz Technology Market Revenue Share, By Key Country (2020 and 2028)

    Figure 77. Brazil: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 78. Argentina: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 79. Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 80. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 82. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 83. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 84. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - Terahertz Technology Market

    1. Acal BFi UK Ltd
    2. Advanced Photonix Inc.
    3. Advantest Corporation
    4. HÜBNER GmbH & Co. KG
    5. Luna Innovations Inc.
    6. Menlo Systems GmbH
    7. Microtech Instrument Inc.
    8. Terasense Group Inc.
    9. Teraview limited
    10. Toptica Photonics AG
    11. Das-Nano SL

    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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
    TIPTE100001364
    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Get the Latest COVID-19 Analysis on this market



    Frequently Asked Questions

    Rising demand of terahertz technology from the defense, homeland security, and medical sectors and growing use of terahertz system in semiconductor industry are responsible to drive the penetration of terahertz technology and its different systems. This will in turn continue to drive the market growth.
    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. The increased use of terahertz technology in the food industry is thus one of the significant opportunities for the growth of terahertz technology during the forecast period.
    The global terahertz technology market was dominated by the terahertz imaging systems segment with market share of more than 65% in 2020. The terahertz imaging systems are widely used in medical and healthcare sector for various applications such as, enhanced detection of cancer, and offer sharper imaging, and molecular fingerprinting.
    In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. Asia Pacific is a prospective market for terahertz technology market players.
    The major companies in terahertz technology includes Advantest Corporation, Luna Innovations Inc., Menlo Systems GmbH, Terasense Group Inc., and Toptica Photonics AG. The listing of key players is derived by considering multiple factors such as overall revenue, segment revenue, brand image, current terahertz technology product & service portfolio, geographic reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other market-related activities.
    The major application of terahertz technology includes medical and healthcare, defense and security, food and agriculture, industrial, semiconductor, others. The medical & healthcare segment led the terahertz technology market globally with a market share of 39.2% in the year 2020.

    Pricing
    • $3000
    • $4550
    • $6550
    • $8550

        GET FREE SAMPLE PDF

    Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

        Inquire for Discount   Speak to Analyst