Technology industry

The global terahertz technology industry is expected to

Dublin, Nov. 04, 2021 (GLOBE NEWSWIRE) — The “Terahertz Technology Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component, Type & Application, and Geography” report has been added to from ResearchAndMarkets.com offer.

Terahertz Technology Market is expected 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.

APAC is expected to register an impressive CAGR of 29.7% in the terahertz technology market during the period 2021-2028. In developing countries like China and India, the health, food and agriculture sectors are growing at an impressive rate due to growing disposable incomes, increasing urbanization, strong population growth, supportive government policies and flourishing public-private partnerships. These factors are expected to provide ample growth opportunities for players in the APAC terahertz technology market over the forecast period. With increasing investments in the development of the agricultural industry, the terahertz technology market in other developing regions such as the Middle East, Africa and South America is also expected to grow at a steady pace in during the forecast period.

Based on components, the terahertz detector segment held the largest share of the global terahertz technology market. Terahertz radiation lies between the microwaves and the far infrared bands of the electromagnetic spectrum. These radiations are capable of penetrating plastics, clothing and wood; it is non-ionizing radiation, which makes it safe for humans and animals, unlike x-rays which can be harmful. Terahertz radiation is widely used in body scanners at airports and other public places for security applications as well as in medical applications for the initial detection of cancer cells. Terahertz radiation falls in the frequency range of 0.1 to 10 THz, corresponding to wavelengths of 3 mm to 30 μm.

The emergence and rapid spread of COVID-19 has crippled both developed and developing countries. A continuous increase in the number of infected patients threatens several industries around the world. Since the majority of the countries impose lockdown measures, whenever necessary, the temporary shutdown of manufacturing facilities leads to a negative trend in the terahertz technology market. Major market players are limiting their investments in high-tech solutions and instead using a fair percentage of their budget to combat the impact of COVID-19 on their businesses. The semiconductor and automotive industries are among the main victims of the pandemic. The food and agricultural industries require a significant number of human labour; however, these industries have not been able to function optimally as this disease spreads through public gatherings. The negative trend in these industries constrained the growth of the terahertz technology market in 2020.

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Main topics covered:

1. Introduction

2. Main Takeaways

3. Research methodology

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 advice
4.5 Premium Previews

5. Terahertz Technology Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Terahertz Technology from Defense, Homeland Security and Medical Sectors
5.1.2 Growing Use of Terahertz System in Semiconductor Industry
5.2 Market Constraints
5.2.1 Lack of awareness and unavailability of qualified professionals
5.3 Market Opportunities
5.3.1 Terahertz Technology Processing Applications in Food Industry
5.4 Future trends
5.4.1 Use of Terahertz technology for satellite communication
5.5 Impact analysis of drivers and constraints

6. Terahertz Technology Market – Global Analysis
6.1 Global Terahertz Technology Market Overview
6.2 Terahertz Technology Market – Global Revenue and Forecast to 2028 (USD 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 & 2028)
7.3 Terahertz sources
7.3.1 Preview
7.3.2 Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
7.4 Terahertz detectors
7.4.1 Preview
7.4.2 Terahertz Detectors: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)

8. Terahertz Technology Market – By Type
8.1 Overview
8.2 Terahertz Technology Market, by Type (2020 & 2028)
8.3 Terahertz imaging systems
8.3.1 Overview
8.3.2 Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
8.4 Terahertz spectroscopy systems
8.4.1 Preview
8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
8.5 Terahertz communication systems
8.5.1 Overview
8.5.2 Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)

9. Terahertz Technology Market – By Application
9.1 Overview
9.2 Terahertz Technology Market, by Application (2020 & 2028)
9.3 Medical and healthcare
9.3.1 Preview
9.3.2 Medical & Healthcare: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
9.4 Defense and security
9.4.1 Preview
9.4.2 Defense & Security: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
9.5 Food and Agriculture
9.5.1 Preview
9.5.2 Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
9.6 Industrial
9.6.1 Presentation
9.6.2 Industrial: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
9.7 Semiconductor
9.7.1 Presentation
9.7.2 Semiconductor: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)
9.8 Other applications
9.8.1 Preview
9.8.2 Other Applications: Terahertz Technology Market – Revenue and Forecast to 2028 (USD Million)

10. Terahertz Technology Market – Geographical Analysis

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. Business Profiles
13.1 Terasense Group Inc.
13.1.1 Key Facts
13.1.2 Description of the activity
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 Description of the activity
13.2.3 Products and services
13.2.4 Financial overview
13.2.5 SWOT Analysis
13.2.6 Main developments
13.3 Avantest Corporation
13.3.1 Key Facts
13.3.2 Description of the activity
13.3.3 Products and services
13.3.4 Financial overview
13.3.5 SWOT Analysis
13.3.6 Main developments
13.4 Toptica Photonics AG
13.4.1 Key Facts
13.4.2 Description of activity
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 Description of activity
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HUBNER GmbH & Co. KG
13.6.1 Key Facts
13.6.2 Description of activity
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 Description of activity
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 Description of activity
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 Description of activity
13.9.3 Products and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Major Developments
13.10 Microtech Instruments Inc.
13.10.1 Key Facts
13.10.2 Description of activity
13.10.3 Products and services
13.10.4 Financial overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

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