Terahertz Technologies Market Size, Growth, Trends | Report 2022-2030
The global terahertz technologies market was surpassed at USD 0.51 billion in 2021 and is expected to hit around USD 1.78 billion by 2030, growing at a CAGR of 1.78% from 2022 to 2030.
The discipline of non-destructive, contact-free testing has a lot of potential for terahertz (THz) spectroscopy, particularly THz imaging. Due to its precision and accuracy, terahertz technology aids in real-time confirmation of the removal of all cancer tissues simultaneously, reducing the number of surgeries and facilitating earlier and more precise diagnosis. Furthermore, the ability to generate high-quality spectroscopic imaging by terahertz radiation has made the diagnosis of many chronic and associated disorders much easier. The initial stage in making considerable advances toward establishing the technology in the healthcare business has been the substitution of conventional x-rays and infrared rays with terahertz rays, which is driving market expansion in the forecast period. THz imaging can perform 3D analysis on tablets, such as determining coating integrity and thickness, detecting and identifying localized chemical or physical structures within a core, such as cracks or chemical agglomeration, and interrogating embedded layers for delamination and integrity.
Terahertz imaging system consists of a camera, scanners, sources, and detectors. The terahertz scanners scan images at 5000 frames per second. The two main parts of this system are the camera and the terahertz sources/generator. The cameras have high pixel resolution ranging from 256 to 4096 pixels. It operates on frequencies from 0.05 THz to 0.7 THz. The sources needed to power this detective device are known as Terahertz sources that generate power from 100 GHz to 600 GHz. Lastly, the terahertz detector is meant to identify captured images by the scanners. They are also used for the characterization, calibration, and tuning of impulse sub-THz sources.
This technique is widely used in the medical and pharmaceutical fields.This technique is harmless for living organisms as the radiation is highly scattered and not energetic enough to break chemical bonds. These unique properties of T-rays make them eligible for use in various medical applications, some of which hold enormous promise, like a non-invasive technique for early detection of cancer, ex-vivo spectroscopy, dental care, etc. Other application includes the testing of tablets, blister packaging, quality control of pills, in-stock items, or diaper production. Other application industries include food, automotive, security, science, and ceramics.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 0.51 billion |
| Revenue Forecast by 2030 | USD 1.78 billion |
| Growth rate from 2022 to 2030 | CAGR of 1.78% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Product, Application, Type, Region |
| Companies Covered |
TeraView Limited, Toptica Photonics AG, HÜBNER GmbH & Co. KG, Advantest Corporation, Batop GmbH, Terasense Group Inc., Microtech Instrument Inc., Menlo Systems GmbH, Gentec Electro-optics Inc. and Bakman Technologies |
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Terahertz Technologies Market
5.1. COVID-19 Landscape: Terahertz Technologies Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Terahertz Technologies Market, By Product
8.1. Terahertz Technologies Market, by Product, 2022-2030
8.1.1 Scanner
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Detector
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Terahertz Technologies Market, By Application
9.1. Terahertz Technologies Market, by Application, 2022-2030
9.1.1. Medical
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Pharmaceuticals And Cosmeceuticals Industry
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Terahertz Technologies Market, By Type
10.1. Terahertz Technologies Market, by Type, 2022-2030
10.1.1. Terahertz Imaging
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Terahertz Spectroscopy
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Terahertz Technologies Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.3. Market Revenue and Forecast, by Type (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Type (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Type (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.3. Market Revenue and Forecast, by Type (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Type (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Type (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Type (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Type (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.3. Market Revenue and Forecast, by Type (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Type (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Type (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Type (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Type (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.3. Market Revenue and Forecast, by Type (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Type (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Type (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Type (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Type (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.3. Market Revenue and Forecast, by Type (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Type (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Type (2017-2030)
Chapter 12. Company Profiles
12.1. TeraView Limited
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Toptica Photonics AG
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. HÜBNER GmbH & Co. KG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Advantest Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Batop GmbH
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Terasense Group Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Microtech Instrument Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Menlo Systems GmbH
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Gentec Electro-optics Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Bakman Technologies
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers