[Research Report] The terahertz technology market was valued at US$ 461.9 million in 2022 and is expected to reach US$ 3,003.1 million by 2030; it is expected to grow at a CAGR of 26.4% from 2023 to 2030.
Terahertz Technology Market - Analyst Perspective:
With the growing technological advancement across various industries, the demand for the implementation of terahertz technology across military & defense, as well as the medical & healthcare sector, is also boosting. The focus of the manufacturers on the development of THz sources, transmission, or reflection, as well as detector technologies, is growing due to the increasing exploration of the “THz gap,” which lies between photonics and electronics. This technology is constantly being utilized in various applications such as chemistry, biomedicine, materials science, security screening, and communication. The exclusive properties of THz radiation are well-suited for medical and healthcare applications, particularly that can stimulate low-frequency molecular vibrations, which include van der Waals or other non-bonded interactions and hydrogen bonds.
Terahertz Technology Market Overview:
The terahertz ranges in the electromagnetic spectrum ranges between the microwaves and infrared spectrum, which comprises a frequency of one million oscillations per second. Due to terahertz technology's exceptional properties, terahertz radiation can be adopted in the coming years as it is a crucial technology. This technology is usually used to detect hidden explosives and 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 by visualizing material flaws in ceramics or plastic in a nondestructive manner. Owing to its low energy characteristics, the terahertz radiation is nonhazardous 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.
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Terahertz Technology Market: Strategic Insights
Market Size Value in US$ 461.9 million in 2022 Market Size Value by US$ 3,003.1 million by 2030 Growth rate CAGR of 26.4% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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Terahertz Technology Market: Strategic Insights
| Market Size Value in | US$ 461.9 million in 2022 |
| Market Size Value by | US$ 3,003.1 million by 2030 |
| Growth rate | CAGR of 26.4% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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Terahertz Technology Market Driver:
Growing use of terahertz system in semiconductor industry
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.
The terahertz waves can be used to non-destructively inspect semiconductor wafers for defects, such as cracks, voids, and impurities. This can help to improve the yield of semiconductor manufacturing processes. In October 2022, das-Nano joined AESEMI to optimize the Spanish semiconductor sector. das-Nano has developed the first terahertz-based system named Onyx. It is designed to provide non-destructive, contactless, full-area inspection of 2D materials, thin films, surfaces, and multilayer coatings, from sub-millimeter to m2 level, providing information on a range of electrical parameters in a single measurement and improving the industrialization of research materials, such as graphene and other 2D materials. Such types of applications are driving the adoption of terahertz technology in the semiconductor industry.
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Segmental Analysis:
The market for terahertz technology is segmented into component, type, application, and geography. Based on component, the terahertz technology market is segmented into terahertz sources and terahertz detectors. Based on type, the terahertz technology market is divided into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. Based on application, the terahertz technology market is segmented into medical and healthcare, defense and security, food & agriculture, industrial and other. Geographically, the terahertz technology market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).
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Regional Analysis:
The terahertz technology market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. Presently, North America held the largest share of global terahertz technology market owing to growing number of government regulations favoring the terahertz technology in the region. In 2022, the region contributed ~36% to the overall terahertz technology market. In terms of market share, Europe and APAC held the second and third position respectively in 2022. Europe is crucial market for the future growth of terahertz technology market over the forecast period. The region is characterized with the presence of well-developed nations such as Germany, the UK, and France which drives the adoption of advanced safety solutions based on terahertz technology. In addition to this, the presence of a large number of terahertz technology manufacturers in this region is further contributing to the increased penetration of terahertz technology in this region.
Key Player Analysis:
NTT Electric Co., 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 the key players that were profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global terahertz technology market and its ecosystem.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the terahertz technology market. A few recent key market developments are listed below:
- In 2023, Das-Nano technology was chosen by the Volkswagen Group to measure the layer thickness of its car body coverings. The automobile industry is highly competitive, necessitating the most stringent in-line quality control methods. However, the existing globally utilized quality control methods for measuring automobile body coating thickness have significant shortcomings that have been rectified with modern technology.
- In 2022, Advantest Corporation announced that its TAS7500 terahertz spectroscopic imaging system received a Laser Industry Award for Excellent Product at the Laser Society of Japan's 14th Industry Awards.
- In Nov-2021, A collaborative team of scientists from Vienna University of Technology (TU Wien) in Austria, the Institute of Solid State Physics in Russia, and Terasense Group, Inc. in the United States continued their R&D efforts aimed at developing THz Phase waveplates to support the ability to control and shaping terahertz beams.
- In May-2022, TeraView is thrilled to announce the release of the EOTPR 4500, a purpose-built integrated circuit package inspection machine. The auto prober technology developed by EOTPR 4500 will address the demands of the most modern IC packaging technology by accommodating substrate sizes of up to 150mmx150mm while enhancing probe tip positioning precision to +/- 0.5 m. Using the new auto prober, customers can probe very large chip-let devices with landing contact sizes of less than 5 m, such as copper pillars and TSV tips.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global terahertz technology market was estimated to be USD 461.9 million in 2022 and is expected to grow at a CAGR of 26.4%, during the forecast period 2023 - 2030.
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.
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 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 incremental growth, expected to be recorded for the terahertz technology market during the forecast period, is US$ 2,420.20 million.
The terahertz technology market is expected to reach US$ 3,003.1 million by 2030.
The global terahertz technology market was dominated by the terahertz imaging systems segment with market share of more than 78% in 2022. 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 2022, 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.
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
5.3.2 Expansion of the 6G technology
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 2030 (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 (2022 and 2030)
7.3 Terahertz Sources
7.3.1 Overview
7.3.2 Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Terahertz Detectors
7.4.1 Overview
7.4.2 Terahertz Detectors: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
8. Terahertz Technology Market – By Type
8.1 Overview
8.2 Terahertz Technology Market, by Type (2022 and 2030)
8.3 Terahertz Imaging Systems
8.3.1 Overview
8.3.2 Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Terahertz Spectroscopy Systems
8.4.1 Overview
8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Terahertz Communication Systems
8.5.1 Overview
8.5.2 Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9. Terahertz Technology Market – By Application
9.1 Overview
9.2 Terahertz Technology Market, by Application (2022 and 2030)
9.3 Medical and Healthcare
9.3.1 Overview
9.3.2 Medical and Healthcare: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Defense and Security
9.4.1 Overview
9.4.2 Defense and Security: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Food and Agriculture
9.5.1 Overview
9.5.2 Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Semiconductor
9.7.1 Overview
9.7.2 Semiconductor: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Other Applications
9.8.1 Overview
9.8.2 Other Applications: Terahertz Technology Market – Revenue and Forecast to 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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 2030 (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
12.3 Product Development
12.4 Mergers & Acquisitions
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 Ltd
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 Corp
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
13.10 NTT Electronics Corp
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Terahertz Technology Market – Revenue, and Forecast to 2030 (US$ Million)
Table 2. North America: Terahertz Technology Market- by Component – Revenue and Forecast to 2030 (US$ Million)
Table 3. North America: Terahertz Technology Market- By Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America: Terahertz Technology Market- By Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. North America: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 6. US: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 7. US: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 8. US: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 9. Canada: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 10. Canada: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 11. Canada: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 12. Mexico: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 13. Mexico: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 14. Mexico: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 15. Europe: Terahertz Technology Market- by Component – Revenue and Forecast to 2030 (US$ Million)
Table 16. Europe: Terahertz Technology Market- By Type – Revenue and Forecast to 2030 (US$ Million)
Table 17. Europe: Terahertz Technology Market- By Application – Revenue and Forecast to 2030 (US$ Million)
Table 18. Europe: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 19. Germany: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 20. Germany: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 21. Germany: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 22. France: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 23. France: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 24. France: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 25. Italy: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 26. Italy: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 27. Italy: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 28. UK: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 29. UK: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 30. UK: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 31. Russia: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 32. Russia: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 33. Russia: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 34. Rest of Europe: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 35. Rest of Europe: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 36. Rest of Europe: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 37. APAC: Terahertz Technology Market- by Component – Revenue and Forecast to 2030 (US$ Million)
Table 38. APAC: Terahertz Technology Market- By Type – Revenue and Forecast to 2030 (US$ Million)
Table 39. APAC: Terahertz Technology Market- By Application – Revenue and Forecast to 2030 (US$ Million)
Table 40. APAC: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 41. Australia: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 42. Australia: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 43. Australia: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 44. China: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 45. China: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 46. China: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 47. India: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 48. India: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 49. India: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 50. Japan: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 51. Japan: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 52. Japan: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 53. South Korea: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 54. South Korea: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 55. South Korea: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 56. Rest of APAC: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 57. Rest of APAC: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 58. Rest of APAC: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 59. MEA: Terahertz Technology Market- by Component– Revenue and Forecast to 2030 (US$ Million)
Table 60. MEA: Terahertz Technology Market- By Type – Revenue and Forecast to 2030 (US$ Million)
Table 61. MEA: Terahertz Technology Market- By Application – Revenue and Forecast to 2030 (US$ Million)
Table 62. MEA: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 63. South Africa: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 64. South Africa: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 65. South Africa: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 66. Saudi Arabia: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 67. Saudi Arabia: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 68. Saudi Arabia: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 69. UAE: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 70. UAE: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 71. UAE: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 72. Rest of MEA: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 73. Rest of MEA: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 74. Rest of MEA: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 75. SAM: Terahertz Technology Market- by Component – Revenue and Forecast to 2030 (US$ Million)
Table 76. SAM: Terahertz Technology Market- By Type – Revenue and Forecast to 2030 (US$ Million)
Table 77. SAM: Terahertz Technology Market- By Application – Revenue and Forecast to 2030 (US$ Million)
Table 78. SAM: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 79. Brazil: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 80. Brazil: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 81. Brazil: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 82. Argentina: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 83. Argentina: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 84. Argentina: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 85. Rest of SAM: Terahertz Technology Market- by Component–Revenue and Forecast to 2030 (US$ Million)
Table 86. Rest of SAM: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 87. Rest of SAM: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 88. 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 2022
Figure 5. Terahertz Imaging Systems Segment Held the Largest Market Share in 2022
Figure 6. Medical and Healthcare Segment Held the Largest Market Share in 2022
Figure 7. North America was the Largest Revenue Contributor in 2022
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 2030 (US$ Million)
Figure 18. Terahertz Technology Market Revenue Share, by Component (2022 and 2030)
Figure 19. Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Terahertz Detectors Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Terahertz Technology Market Revenue Share, by Type (2022 and 2030)
Figure 22. Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Terahertz Technology Market Revenue Share, by Application (2022 and 2030)
Figure 26. Medical and Healthcare: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Defense and Security: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Industrial: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Semiconductor: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Other Applications: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Terahertz Technology Market Revenue Share, By Region (2022 and 2030)
Figure 33. North America: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 34. North America: Terahertz Technology Market Revenue Share, by Component (2022 and 2030)
Figure 35. North America: Terahertz Technology Market Revenue Share, By Type (2022 and 2030)
Figure 36. North America: Terahertz Technology Market Revenue Share, By Application (2022 and 2030)
Figure 37. North America: Terahertz Technology Market Revenue Share, by Key Country (2022 and 2030)
Figure 38. US: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 39. Canada: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 40. Mexico: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 41. Europe: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 42. Europe: Terahertz Technology Market Revenue Share, By Component (2022 and 2030)
Figure 43. Europe: Terahertz Technology Market Revenue Share, By Type (2022 and 2030)
Figure 44. Europe: Terahertz Technology Market Revenue Share, By Application (2022 and 2030)
Figure 45. Europe: Terahertz Technology Market Revenue Share, By Key Country (2022 and 2030)
Figure 46. Germany: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 47. France: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 48. Italy: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 49. UK: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 50. Russia: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 51. Rest of Europe: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 52. APAC: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 53. APAC: Terahertz Technology Market Revenue Share, By Component (2022 and 2030)
Figure 54. APAC: Terahertz Technology Market Revenue Share, By Type (2022 and 2030)
Figure 55. APAC: Terahertz Technology Market Revenue Share, By Application (2022 and 2030)
Figure 56. APAC: Terahertz Technology Market Revenue Share, By Key Country (2022 and 2030)
Figure 57. Australia: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 58. China: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 59. India: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 60. Japan: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 61. South Korea: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 62. Rest of APAC: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 63. MEA: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 64. MEA: Terahertz Technology Market Revenue Share, By Component (2022 and 2030)
Figure 65. MEA: Terahertz Technology Market Revenue Share, By Type (2022 and 2030)
Figure 66. MEA: Terahertz Technology Market Revenue Share, By Application (2022 and 2030)
Figure 67. MEA: Terahertz Technology Market Revenue Share, By Key Country (2022 and 2030)
Figure 68. South Africa: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 69. Saudi Arabia: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 70. UAE: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 71. Rest of MEA: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 72. SAM: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 73. SAM: Terahertz Technology Market Revenue Share, By Component (2022 and 2030)
Figure 74. SAM: Terahertz Technology Market Revenue Share, By Type (2022 and 2030)
Figure 75. SAM: Terahertz Technology Market Revenue Share, By Application (2022 and 2030)
Figure 76. SAM: Terahertz Technology Market Revenue Share, By Key Country (2022 and 2030)
Figure 77. Brazil: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 78. Argentina: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 79. Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2030 (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
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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