Global Terahertz (THz) Technology Market Insights and Forecast to 2028

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).
Market Analysis and Insights: Global Terahertz (THz) Technology Market
The global Terahertz (THz) Technology market size is projected to reach US$ 2753.4 million by 2028, from US$ 571 million in 2021, at a CAGR of 24.9% during 2022-2028.
At present, there are many manufacturing companies in the world. The main market participants are: Brainware Terahertz Information, Advantest Corporation, Hübner GmbH & Co. KG, Daheng New Epoch Technology, Toptica Photonics AG, Luna Innovations Incorporated, TeraView and so on. Terahertz (THz) Technology is widely used in Laboratory Research, Medical & Healthcare, Transportation & Public Security and Industrial Non-Destructive Testing (NDT). According to the report data, 18.52% of the market demand for Terahertz (THz) Technology in the field of Laboratory Research in 2019.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Terahertz (THz) Technology market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Terahertz (THz) Technology market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Terahertz (THz) Technology market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Terahertz (THz) Technology market.
Global Terahertz (THz) Technology Scope and Market Size
Terahertz (THz) Technology market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Terahertz (THz) Technology market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Terahertz Imaging
Terahertz Spectroscopy
Terahertz Communication Systems
Segment by Application
Laboratory Research
Medical and Healthcare
Military and Homeland Security
Industrial Non-Destructive Testing (NDT)
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA