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Terahertz (THz) frequency range (0.1 THz 3 THz) is the last span within the whole electromagnetic wave spectrum, At the same time it is well known that this frequency range has incredibly fascinating prospects for many applications. THz radiation exhibits three unique properties, which stimulate development of the whole terahertz industry. The major advantage of terahertz waves (of sub-terahertz frequency range 0.1 THz 0.3 THz) is that many materials which block visible and IR spectra, appear to be transparent in the terahertz region. The terahertz range is a part of the electromagnetic spectrum between microwaves and infrared with a frequency of one billion oscillations per second. The so-called terahertz gap was an issue for many years as there were no practical radiation sources for this part of the spectrum until well into the 1990s. Due to its special properties, terahertz radiation has become an important technology of the future: it can be used to detect concealed explosives or drugs and it can identify which substances are flowing through a plastic pipe. It is capable of monitoring the thickness of a layer in a non-destructive manner and visualizing material flaws in ceramics or plastics. Due to its low energy characteristics, terahertz radiation is non-hazardous for humans and animals. There is practically no limit to the areas in which it can be used. Terahertz (THz) technology are mainly used in Laboratory Research, Medical & Healthcare, Transportation & Public Security and Industrial Non-Destructive Testing (NDT).
This report contains market size and forecasts of Terahertz (THz) Technology in Global, including the following market information:
Global Terahertz (THz) Technology Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Terahertz (THz) Technology market was valued at 587.5 million in 2021 and is projected to reach US$ 2623 million by 2028, at a CAGR of 23.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Terahertz Imaging Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Terahertz (THz) Technology include Brainware Terahertz Information, Advantest Corporation, Hübner GmbH & Co. KG, Daheng New Epoch Technology, Toptica Photonics AG, Luna Innovations Incorporated, TeraView, Bruker and Terasense Group Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Terahertz (THz) Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Terahertz (THz) Technology Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Terahertz (THz) Technology Market Segment Percentages, by Type, 2021 (%)
– Terahertz Imaging
– Terahertz Spectroscopy
– Terahertz Communication Systems
Global Terahertz (THz) Technology Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Terahertz (THz) Technology Market Segment Percentages, by Application, 2021 (%)
– Laboratory Research
– Medical and Healthcare
– Military and Homeland Security
– Industrial Non-Destructive Testing (NDT)
Global Terahertz (THz) Technology Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Terahertz (THz) Technology Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Terahertz (THz) Technology revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Terahertz (THz) Technology revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Brainware Terahertz Information
– Advantest Corporation
– Hübner GmbH & Co. KG
– Daheng New Epoch Technology
– Toptica Photonics AG
– Luna Innovations Incorporated
– TeraView
– Bruker
– Terasense Group Inc.
– Menlo Systems GmbH
– EKSPLA
– Microtech Instrument Inc
– Insight Product Co.
– Traycer
– BATOP GmbH
– Asqella
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