Product Code: SR112024A4447
The global terahertz technologies market size reached US$ 682.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,072.2 Million by 2032, exhibiting a growth rate (CAGR) of 20.9% during 2024-2032.
Terahertz (THz) technologies are based on electromagnetic radiation, which lies in the spectrum between infrared radiation (IR) and microwaves. They can penetrate clothing, paper, wood, plastic, ceramics, cardboard, masonry, enclosures, and other opaque materials without causing any damage. They yield high-resolution images and help transfer vast amounts of data quickly. Moreover, their low-energy levels make them non-destructive, non-invasive, and intrinsically safe for humans, animals, and plants compared to X-rays and near-infrared radiation (NIR). As a result, they find extensive applications in the pharmaceutical industry wherein they are utilized to perform non-destructive, internal, chemical analysis of tablets, capsules, and other dosage forms.
Terahertz Technologies Market Trends:
Expanding applications of THz radiation in different sectors across the globe represents one of the major factors contributing to market growth. For instance, it is widely employed in the food and beverage (F&B) sector to conduct non-destructive analysis (NDT) of sealed packages. In addition, stringent regulations adopted by governments of several countries about public safety and product quality is influencing the market positively. Apart from this, the growing awareness about the advantages of early diagnosis is encouraging the adoption of THz tomography to screen tooth decay and cancer at early stages. It is also used to visualize wounds under gypsum or bandage layers. Moreover, due to the rising public security concerns, it is gaining traction at airports for remote screening of people and luggage. It also assists in building a new generation of high-frequency wireless telecommunication systems that allow high-speed information transmission between electronic devices. Furthermore, the increasing number of investments to create affordable, convenient, and compact THz technologies-based devices is anticipated to provide a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global terahertz technologies market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, component and end use industry.
Breakup by Type:
- Terahertz Imaging Systems
- Active System
- Passive System
- Terahertz Spectroscopy Systems
- Time Domain
- Frequency Domain
- Terahertz Communication Systems
Breakup by Component:
- Terahertz Sources
- Terahertz Detectors
Breakup by End Use Industry:
- Healthcare and Medical
- Defense and Security
- Telecommunications
- Food and Agriculture
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advantest Corporation, Bakman Technologies LLC, Batop GmbH, Gentec Electro-Optics Inc., HUBNER GmbH & Co KG, Luna Innovations Inc., Menlo Systems GmbH, Teraprobes Inc, Terasense Group Inc., TeraView Limited and TOPTICA Photonics AG.
Key Questions Answered in This Report:
- How has the global terahertz technologies market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global terahertz technologies market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global terahertz technologies market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Terahertz Technologies Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Terahertz Imaging Systems
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Active System
- 6.1.2.2 Passive System
- 6.1.3 Market Forecast
- 6.2 Terahertz Spectroscopy Systems
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Time Domain
- 6.2.2.2 Frequency Domain
- 6.2.3 Market Forecast
- 6.3 Terahertz Communication Systems
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Component
- 7.1 Terahertz Sources
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Terahertz Detectors
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Healthcare and Medical
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Defense and Security
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Telecommunications
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Food and Agriculture
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Advantest Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Bakman Technologies LLC
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Batop GmbH
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Gentec Electro-Optics Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 HUBNER GmbH & Co KG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Luna Innovations Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Menlo Systems GmbH
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Teraprobes Inc
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Terasense Group Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 TeraView Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 TOPTICA Photonics AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio