Terahertz Technology Market

Terahertz Technology Market by Type (Terahertz Imaging, Terahertz Spectroscopy, Terahertz Communication Systems), Application (Laboratory Research, Medical & Healthcare, Satellite Communication), and Geography (2022-2027)

Report Code: SE 4268 May, 2022, by marketsandmarkets.com

[247 Pages Report] The global terahertz technology market was valued at USD 0.6 billion in 2022 and is projected to reach USD 1.2 billion by 2027, registering a CAGR of 14.7% during the forecast period. The adoption of terahertz systems in the semiconductor industry are among the factors driving the growth of the terahertz technology market.

Terahertz Technology Market

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Market Dynamics:

Driver: Rise in demand for compact and energy efficient transceiver

The manufacturers of optical transceivers are concentrating more on R&D for serving different applications in the metro network, data center interconnect, long haul applications, and others, which require optical transceivers to be compatible with the complex network. Optical transceiver OEMs such as Fujitsu Optical Components (Japan) and Broadcom (US) are companies offering transceivers that are compact and consume little power. This trend is expected to increase the market growth of small and compact optical modules due to their high range of data connectivity at a faster speed. Hence, it can be said that, due to the reduced package size, accelerated deployment in the datacom and telecom applications and dependency on the already decided standards (IEEE), the strategy of cost leadership and continuous development of smaller and more energy-efficient modules provide large growth potential for the optical transceiver in optical communication and networking equipment market

Restraint: Increased network complexity

The existence of multiple protocols and platforms and consistent requirements for compact networks have resulted in the growing use of connectivity ICs. Also, hardware and software both play a key role in emerging technology-based products, such as the Internet of Things (IoT) devices, which are deployed in optical communication networks. However, the use of ICs and IoT devices makes the network more complex. Similarly, for network monitoring and control, drop modules, variable optical attenuators, and tap power monitors are required to be fixed in a single compact unit. In addition, the increasing connectivity speed and a growing number of high-bandwidth connections over fixed and wireless networks have also resulted in increased complexity of the network. All these factors are generating need for more compact form factors to enable compatibility and increase space inside the network. Current network infrastructure is fragmented, focused more on domain-specific growth than consumer-centric joint approach. The companies need to adopt more innovative and network-oriented approach to minimize the network complexity, which acts as a restraining factor for the growth of the optical communication and networking equipment market.

Opportunity: Expansion of telecom infrastructure in developing economies

The expansion of telecommunication infrastructure will have a substantial effect on developing countries in a positive way. With the advent of IoT, AI, and Big Data, there is an increasing demand for smart devices and other connected applications. The interconnected technologies across telecommunication sectors play an important role in capturing, translating, and transferring data into meaningful information, which is crucial for the reinforcement of urban infrastructure. The backbone for this kind of infrastructural development is a high-speed fiber optics network, which can transfer enormous amounts of data, at high speed, from one end to another. The implementation of the 5G network and 6G network requires high-bandwidth oriented https://www.marketsandmarkets.com/Market-Reports/military-fiber-optic-cable-market-235960805.htmlfiber optical cables integrated with optical transceivers for secured and reliable data transfers. Therefore, the expansion of optical communication infrastructure across developing nations will drive the optical communication and networking equipment market in the future.

Challenge: Vulnerability of optical networks to hacking

Fiber optic technology-based storage and communication systems were deemed to be safer than the conventional copper cable-based systems as hacking into data within a fiber optic-based system required extremely sophisticated technology, which used to be only available to government agencies. However, in recent times, inexpensive hardware and software have started emerging. Hardware equipment such as optical/electrical converters transfer the converted signal via the Ethernet connection. Moreover, hacking is possible using sniffer software. With the advancement in technology, fiber hack is becoming commonplace, and the belief that the fiber-optic cable networks are secure is proving to be wrong. With these technologies, data theft is becoming easily possible for hackers, and it is not even getting detected. Fiber hack has been a major challenge for the optical network community and might lead to serious ramifications if not checked at the right time.

By type, terahertz imaging segment held the largest share of terahertz technology market in 2021

In 2021, terahertz imaging segment accounted for the largest share of the terahertz technology market. Terahertz imaging is a scanning technique that uses extremely high-frequency waves to penetrate dense surfaces. They can pass through clothing, paper, cardboard, wood, masonry, plastics, and ceramics and penetrate fog and clouds. Due to this, terahertz imaging is increasingly being used in application areas such as medical & healthcare.

Terahertz communication systems segment is expected to grow with the highest CAGR during the forecast period.

Satellite communications surge the demand for terahertz communications systems, and the market players are highly focusing on their organic growth to strengthen their terahertz communication portfolio. For instance, in September 2021, ADVANTEST CORPORATION launched a high-frequency resolution option for its TAS7400TS terahertz optical sampling analysis system. The system enables materials characterization for beyond 5G/6G next-generation communications technology and millimeter-wave radar technology. Therefore, these factors are expected to create lucrative opportunities for the growth of terahertz communication system manufacturers in the near future.

In 2027, Asia Pacific is projected to hold the largest share of the overall terahertz technology market

Terahertz Technology Market  by Region

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The terahertz technology market in Asia Pacific is expected to grow at the highest CAGR ~16.6% during the forecast period, while China in the Asia Pacific region accounted for the largest share of the terahertz technology market in 2021; a similar trend is seen during the forecast period. This growth can be attributed to the expansion of the Chinese economy, as China plans to modernize its economic infrastructure and increase the number of industries. Along with this, Chinese scientists are focusing on developing new technologies based on terahertz technology. For instance, in January 2022, Chinese scientists developed 6G technology for hypersonic weapons communication and tracking to solve the blackout problems that occur at five times the speed of sound or faster. The laser device can generate continuous electromagnetic waves in the terahertz band that could be used for next-generation communications.

Key Market Players

ADVANTEST CORPORATION (Japan), Luna Innovations (US), TeraView Limited. (UK), TOPTICA Photonics AG (Germany), HÜBNER GmbH & Co. KG (Germany), Menlo Systems (Germany), Terasense Group Inc. (US), Gentec Electro-Optics (Canada), QMC Instruments Ltd. (UK), and TeraVil Ltd. (Lithuania) are some of the key players in the terahertz technology market.

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Scope of the Report

Report Metric

Detail

Market Size Availability for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Forecast Units

Value (USD)

Segments Covered

By type, application, and region

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

ADVANTEST CORPORATION (Japan), Luna Innovations (US), TeraView Limited. (UK), TOPTICA Photonics AG (Germany), HÜBNER GmbH & Co. KG (Germany), Menlo Systems (Germany), Terasense Group Inc. (US), Gentec Electro-Optics (Canada), QMC Instruments Ltd. (UK), and TeraVil Ltd. (Lithuania) are some of the key players in the terahertz technology market.
A total of 25 players are covered.

This research report categorizes the terahertz technology market based on type, application, and region

Terahertz Technology Market:

Based on Type:

  • Terahertz Imaging
    • Active Terahertz Imaging Systems
    • Passive Terahertz Imaging Systems
  • Terahertz Spectroscopy
    • Terahertz Time Domain Spectroscopy
    • Terahertz Frequency Domain Spectroscopy
  • Terahertz Communication Systems
    • Antennas
    • Emitters
    • Modulators

Based on Application:

  • Terahertz Imaging & Spectroscopy Applications
    • Laboratory Research
      • Material Characterization
      • Biochemistry
      • Plasma Diagnostics
    • Medical & Healthcare
      • Oncology
      • Dentistry
      • Dermatology
      • Tomography
    • Military and Homeland Security
      • Passenger Screening
      • Landmine and Improvised Explosive Device Detection
    • Industrial Non-Destructive Testing (NDT)
      • Aerospace
      • Semiconductor and Electronics
      • Pharmaceutical
  • Terahertz Communication System Applications
    • Satellite Communication
    • Tactical/Military Communication
    • Outdoor/Indoor Wireless Communication

Based on Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the world
    • South America
    • Middle East & Africa

Recent Developments

  • In February 2022, Menlo Systems launched YLMO Mid-IR — YLMO Mid-IR is a compact, powerful, and tunable mid-IR fiber laser for broadband spectroscopy applications as well as time-resolved measurements. The device offers broadband spectroscopy applications and time-resolved measurements.
  • In November 2021, ADVANTEST CORPORATION acquired R&D Altanova, Inc., a supplier of consumable test interface boards, substrates, and interconnects for high-end applications. With this acquisition, R&D Altanova's engineering and manufacturing capabilities, customer base, and first-rate technical team will support the expansion of ADVANTEST’s semiconductor test equipment business.
  • In October 2021, HÜBNER Photonics acquired VALO Innovations GmbH, a developer and manufacturer of ultrafast fiber laser systems. VALO Innovations' proprietary fiber laser technology provides short pulse performance for bioimaging, spectroscopy, and micro-machining applications. With this acquisition, HÜBNER will strengthen its product portfolio.
  • In October 2021, Menlo Systems announced the opening of a subsidiary in China, Shanghai Menlo Systems Quantum Laser Technology Co., Ltd. This expansion is expected to strengthen the company’s position in the photonics market in China.
  • In July 2021, ADVANTEST CORPORATION rebranded its subsidiary in India, w2bi Mobile Technologies Pvt. Ltd. (WMTI), to Advantest India Private Limited (AIN), a wholly owned subsidiary of Advantest America, Inc. under the corporate mantle. The name change will allow ADVANTEST to promote its brand and naming convention across subsidiaries and across the world.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 TERAHERTZ TECHNOLOGY MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA
           FIGURE 2 TERAHERTZ TECHNOLOGY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 FACTOR ANALYSIS
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF TERAHERTZ TECHNOLOGY
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN TERAHERTZ TECHNOLOGY MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR TERAHERTZ TECHNOLOGY IN DIFFERENT REGIONS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for obtaining market share using bottom-up analysis (demand side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for obtaining market share using top-down analysis (supply side)
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.5.1 ASSUMPTIONS
           2.5.2 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 51)
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 9 GROWTH PROJECTIONS OF TERAHERTZ TECHNOLOGY MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
           FIGURE 10 TERAHERTZ IMAGING SEGMENT TO HOLD LARGEST SHARE OF TERAHERTZ TECHNOLOGY MARKET BY 2027
           FIGURE 11 SATELLITE COMMUNICATIONS APPLICATION TO WITNESS LARGEST SHARE OF TERAHERTZ TECHNOLOGY MARKET FOR TERAHERTZ COMMUNICATION SYSTEMS DURING FORECAST PERIOD
           FIGURE 12 LABORATORY RESEARCH SEGMENT OF TERAHERTZ IMAGING AND SPECTROSCOPY APPLICATIONS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 13 NORTH AMERICA TO LEAD TERAHERTZ TECHNOLOGY MARKET FROM 2022 TO 2027

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN TERAHERTZ TECHNOLOGY MARKET
           FIGURE 14 GROWING ADOPTION OF TERAHERTZ SYSTEMS IN SEMICONDUCTOR INDUSTRY TO FUEL GROWTH OF TERAHERTZ TECHNOLOGY MARKET DURING FORECAST PERIOD
    4.2 TERAHERTZ TECHNOLOGY MARKET, BY TYPE
           FIGURE 15 TERAHERTZ IMAGING SEGMENT TO HOLD LARGEST SHARE OF TERAHERTZ TECHNOLOGY MARKET FROM 2022 TO 2027
    4.3 TERAHERTZ TECHNOLOGY MARKET, BY TERAHERTZ COMMUNICATION SYSTEMS
           FIGURE 16 SATELLITE COMMUNICATIONS TO WITNESS LARGEST SHARE OF TERAHERTZ TECHNOLOGY MARKET FOR TERAHERTZ COMMUNICATIONS SYSTEMS BY 2022
    4.4 TERAHERTZ TECHNOLOGY MARKET, BY REGION
           FIGURE 17 NORTH AMERICA TO HOLD LARGEST SHARE OF TERAHERTZ TECHNOLOGY MARKET IN 2027
    4.5 TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY
           FIGURE 18 INDIA TO RECORD HIGHEST CAGR IN OVERALL TERAHERTZ TECHNOLOGY MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 TERAHERTZ TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Stringent government regulations for public safety and homeland security
                    5.2.1.2 Rising demand for terahertz technology in medical sector
                    5.2.1.3 Growing adoption of terahertz systems in semiconductor industry
                               FIGURE 20 SEMICONDUCTOR INDUSTRY GROWTH, 2017–2022
                               FIGURE 21 TERAHERTZ TECHNOLOGY MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Unavailability of skilled personnel
                               FIGURE 22 TERAHERTZ TECHNOLOGY MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for 6G communication
                    5.2.3.2 Technological advancements in NDT and inspection techniques
                               FIGURE 23 TERAHERTZ TECHNOLOGY MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Limited manufacturing activities and supply chain disruptions caused by COVID-19
                    5.2.4.2 Reluctance to adopt new and high-cost terahertz technology
                               FIGURE 24 TERAHERTZ TECHNOLOGY MARKET CHALLENGES AND THEIR IMPACT
    5.3 SUPPLY CHAIN ANALYSIS
           FIGURE 25 SUPPLY CHAIN OF TERAHERTZ TECHNOLOGY MARKET
    5.4 TRENDS/DISRUPTIONS IMPACTING BUSINESSES OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN TERAHERTZ TECHNOLOGY MARKET
                    FIGURE 26 REVENUE SHIFT IN TERAHERTZ TECHNOLOGY MARKET
    5.5 TERAHERTZ TECHNOLOGY ECOSYSTEM
           FIGURE 27 ECOSYSTEM OF TERAHERTZ TECHNOLOGY
           TABLE 1 LIST OF TERAHERTZ TECHNOLOGY MANUFACTURERS AND SUPPLIERS
    5.6 TECHNOLOGY ANALYSIS
           5.6.1 COMPLEMENTARY TECHNOLOGY
                    5.6.1.1 Infrared technology
                    5.6.1.2 Cooled IR imaging
                    5.6.1.3 Uncooled IR imaging
    5.7 PORTER’S FIVE FORCES ANALYSIS
           TABLE 2 TERAHERTZ TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 28 PORTER’S FIVE FORCES ANALYSIS
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF SUPPLIERS
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 KEY STAKEHOLDERS & BUYING CRITERIA
           5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 29 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.8.2 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 4 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.9 CASE STUDY
           5.9.1 SCALING UP NEW MAIL SECURITY PROGRAM
           5.9.2 QUANTITATIVE ANALYSIS OF WATER CONTENT AND DISTRIBUTION IN PLANTS USING TERAHERTZ IMAGING.
           5.9.3 HIGH-RESOLUTION, REAL-TIME TERAHERTZ IMAGING WITH TERACASCADE 1000
    5.10 AVERAGE SELLING PRICE ANALYSIS
           5.10.1 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TERAHERTZ TECHNOLOGY, BY TYPE
                    TABLE 5 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TERAHERTZ TECHNOLOGY, BY TYPE (USD)
           5.10.2 AVERAGE SELLING PRICE TREND
                    TABLE 6 AVERAGE SELLING PRICES OF TERAHERTZ TECHNOLOGY, BY TYPE (USD)
                    FIGURE 31 AVERAGE PRICE: TERAHERTZ TECHNOLOGY MARKET, BY TYPE
    5.11 TRADE ANALYSIS
           5.11.1 IMPORT SCENARIO
                    TABLE 7 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    TABLE 8 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS, 2012–2022
                    FIGURE 32 NUMBER OF PATENTS GRANTED FOR TERAHERTZ TECHNOLOGY MARKET, 2012–2021
                    FIGURE 33 REGIONAL ANALYSIS OF PATENTS GRANTED FOR TERAHERTZ TECHNOLOGY MARKET, 2021
                    TABLE 9 LIST OF FEW PATENTS IN TERAHERTZ TECHNOLOGY MARKET, 2020–2021
    5.13 KEY CONFERENCES & EVENTS, 2022–2023
                    TABLE 10 TERAHERTZ TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.14 TARIFFS AND REGULATIONS
                    TABLE 11 CODES AND STANDARDS RELATED TO TERAHERTZ TECHNOLOGY

6 TERAHERTZ TECHNOLOGY MARKET, BY TYPE (Page No. - 86)
    6.1 INTRODUCTION
           FIGURE 34 TERAHERTZ TECHNOLOGY MARKET, BY TYPE
           FIGURE 35 TERAHERTZ COMMUNICATION SYSTEMS TO RECORD HIGHEST CAGR IN TERAHERTZ TECHNOLOGY MARKET DURING FORECAST PERIOD
           TABLE 12 TERAHERTZ TECHNOLOGY MARKET, 2018–2021
           TABLE 13 TERAHERTZ TECHNOLOGY MARKET, 2022–2027
           TABLE 14 TERAHERTZ TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 15 TERAHERTZ TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
    6.2 TERAHERTZ IMAGING
           6.2.1 TERAHERTZ IMAGING USES EXTREMELY HIGH-FREQUENCY WAVES TO PENETRATE DENSE SURFACES
                    6.2.1.1 Active terahertz imaging systems
                    6.2.1.2 Passive terahertz imaging systems
    6.3 TERAHERTZ SPECTROSCOPY
           6.3.1 TERAHERTZ SPECTROSCOPY IS NON-DESTRUCTIVE, NON-CONTACT, AND NON-INVASIVE TECHNOLOGY
                    6.3.1.1 Terahertz time-domain spectroscopy
                    6.3.1.2 Terahertz frequency-domain spectroscopy
    6.4 TERAHERTZ COMMUNICATION SYSTEMS
           6.4.1 TERAHERTZ COMMUNICATION IS ENVISIONED AS KEY WIRELESS TECHNOLOGY
                    6.4.1.1 Antennas
                    6.4.1.2 Emitters
                    6.4.1.3 Modulators

7 TERAHERTZ TECHNOLOGY, BY APPLICATION (Page No. - 94)
    7.1 INTRODUCTION
           FIGURE 36 TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION
    7.2 TERAHERTZ IMAGING & SPECTROSCOPY APPLICATIONS
           FIGURE 37 LABORATORY RESEARCH TO WITNESS HIGHEST CAGR IN TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET DURING FORECAST PERIOD
           TABLE 16 TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 17 TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           7.2.1 LABORATORY RESEARCH
                    7.2.1.1 Terahertz technology is useful in experiments conducted for variety of purposes
                    7.2.1.2 Material characterization
                    7.2.1.3 Biochemistry
                    7.2.1.4 Plasma diagnostics
                               TABLE 18 LABORATORY RESEARCH: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 19 LABORATORY RESEARCH: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 20 LABORATORY RESEARCH IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 21 LABORATORY RESEARCH IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 22 LABORATORY RESEARCH IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 23 LABORATORY RESEARCH IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 24 LABORATORY RESEARCH IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 25 LABORATORY RESEARCH IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 26 LABORATORY RESEARCH IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 27 LABORATORY RESEARCH IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           7.2.2 MEDICAL & HEALTHCARE
                    7.2.2.1 Unique features make terahertz imaging attractive for medical applications
                    7.2.2.2 Oncology
                    7.2.2.3 Dentistry
                    7.2.2.4 Dermatology
                    7.2.2.5 Tomography
                               TABLE 28 MEDICAL & HEALTHCARE: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 29 MEDICAL & HEALTHCARE: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 30 MEDICAL & HEALTHCARE APPLICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 31 MEDICAL & HEALTHCARE APPLICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 32 MEDICAL & HEALTHCARE APPLICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 33 MEDICAL & HEALTHCARE APPLICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 34 MEDICAL & HEALTHCARE APPLICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 35 MEDICAL & HEALTHCARE APPLICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 36 MEDICAL & HEALTHCARE APPLICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 37 MEDICAL & HEALTHCARE APPLICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           7.2.3 MILITARY & HOMELAND SECURITY
                    7.2.3.1 Terahertz waves find applications in airport passenger and baggage screening
                    7.2.3.2 Passenger screening
                    7.2.3.3 Landmine and improvised explosive device detection
                               TABLE 38 MILITARY & HOMELAND SECURITY: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 39 MILITARY & HOMELAND SECURITY: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 40 MILITARY & HOMELAND SECURITY IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 41 MILITARY & HOMELAND SECURITY IN NORTH AMERICA: TERAHERTZ TECHNOLOGY, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 42 MILITARY & HOMELAND SECURITY IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 43 MILITARY & HOMELAND SECURITY IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 44 MILITARY & HOMELAND SECURITY IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 45 MILITARY & HOMELAND SECURITY IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 46 MILITARY & HOMELAND SECURITY IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 47 MILITARY & HOMELAND SECURITY IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           7.2.4 INDUSTRIAL NON-DESTRUCTIVE TESTING (NDT)
                    7.2.4.1 Imaging and spectroscopic capabilities of terahertz technology make it suitable for investigating material integrity
                    7.2.4.2 Aerospace
                    7.2.4.3 Semiconductor and electronics
                    7.2.4.4 Pharmaceuticals
                               TABLE 48 INDUSTRIAL NDT: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 49 INDUSTRIAL NDT: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 50 INDUSTRIAL NDT IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 51 INDUSTRIAL NDT IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 52 INDUSTRIAL NDT IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 53 INDUSTRIAL NDT IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 54 INDUSTRIAL NDT IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 55 INDUSTRIAL NDT IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 56 INDUSTRIAL NDT IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 57 INDUSTRIAL NDT IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 TERAHERTZ COMMUNICATION SYSTEM APPLICATIONS
           FIGURE 38 SATELLITE COMMUNICATIONS TO WITNESS HIGHEST CAGR IN TERAHERTZ TECHNOLOGY MARKET DURING FORECAST PERIOD
           TABLE 58 TERAHERTZ TECHNOLOGY COMMUNICATION SYSTEMS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 59 TERAHERTZ TECHNOLOGY COMMUNICATION SYSTEMS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           7.3.1 SATELLITE COMMUNICATIONS
                    7.3.1.1 Use of terahertz technology facilitates users with larger bandwidth
                               TABLE 60 SATELLITE COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 61 SATELLITE COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 62 SATELLITE COMMUNICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 63 SATELLITE COMMUNICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 64 SATELLITE COMMUNICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 65 SATELLITE COMMUNICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 66 SATELLITE COMMUNICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 67 SATELLITE COMMUNICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 68 SATELLITE COMMUNICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 69 SATELLITE COMMUNICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           7.3.2 TACTICAL/MILITARY COMMUNICATIONS
                    7.3.2.1 Terahertz properties such as high frequency and short wavelength are suitable for military communication applications
                               TABLE 70 TACTICAL/MILITARY COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 71 TACTICAL/MILITARY COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 72 TACTICAL/MILITARY COMMUNICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 73 TACTICAL/MILITARY COMMUNICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 74 TACTICAL/MILITARY COMMUNICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 75 TACTICAL/MILITARY COMMUNICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 76 TACTICAL/MILITARY COMMUNICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 77 TACTICAL/MILITARY COMMUNICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 78 TACTICAL/MILITARY COMMUNICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 79 TACTICAL/MILITARY COMMUNICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           7.3.3 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS
                    7.3.3.1 Terahertz waves can be used for short-distance outdoor/indoor wireless communication applications
                               TABLE 80 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 81 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 82 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 83 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 84 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 85 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 86 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                               TABLE 87 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                               TABLE 88 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 89 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)

8 TERAHERTZ TECHNOLOGY: SOURCES AND DETECTORS (Page No. - 127)
    8.1 INTRODUCTION
    8.2 THZ SOURCES
           8.2.1 QUANTUM-CASCADE LASER (QCL)
                    FIGURE 39 STATE TRANSITION OF ELECTRON IN CONVENTIONAL SEMICONDUCTOR LASERS
                    FIGURE 40 QUANTUM-CASCADE ELECTRON TRANSITION STRUCTURE
           8.2.2 FREQUENCY MULTIPLIER
           8.2.3 GLOBAR
           8.2.4 PHOTOCONDUCTIVE ANTENNA (PCA)
                    FIGURE 41 WORKING PRINCIPLE OF PHOTOCONDUCTIVE ANTENNA (PCA)
           8.2.5 STIMULATED TERAHERTZ AMPLIFIED RADIATION (STAR)
    8.3 DETECTORS
           8.3.1 SCHOTTKY DIODE
           8.3.2 HIGH ELECTRON MOBILI TY TRANSISTOR (HEMT)
           8.3.3 NANOWIRE
           8.3.4 PYROELECTRIC DETECTOR
           8.3.5 GOLAY CELL
                    FIGURE 42 GOLAY CELL CONSTRUCTION
           8.3.6 BOLOMETER AND SUPERCONDUCTIVE HOT-SPOT AIR-BRIDGE BOLOMETER (SHAB)

9 GEOGRAPHIC ANALYSIS (Page No. - 134)
    9.1 INTRODUCTION
           FIGURE 43 REGIONAL SPLIT OF TERAHERTZ TECHNOLOGY MARKET
           FIGURE 44 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 90 TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 91 TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 45 NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET SNAPSHOT
           TABLE 92 NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 93 NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           FIGURE 46 LABORATORY RESEARCH TO LEAD TERAHERTZ TECHNOLOGY MARKET FOR IMAGING AND SPECTROSCOPY IN NORTH AMERICA DURING FORECAST PERIOD
           TABLE 94 IMAGING AND SPECTROSCOPY IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 95 IMAGING AND SPECTROSCOPY IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 96 COMMUNICATION SYSTEMS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 97 COMMUNICATION SYSTEMS IN NORTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 US is home to many global terahertz technology manufacturers
                               TABLE 98 IMAGING AND SPECTROSCOPY IN US: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 99 IMAGING AND SPECTROSCOPY IN US: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 100 COMMUNICATION SYSTEMS IN US: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 101 COMMUNICATION SYSTEMS IN US: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.2 CANADA
                    9.2.2.1 Provides higher contrast in clinical diagnostics
                               TABLE 102 IMAGING AND SPECTROSCOPY IN CANADA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 103 IMAGING AND SPECTROSCOPY IN CANADA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 104 COMMUNICATION SYSTEMS IN CANADA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 105 COMMUNICATION SYSTEMS IN CANADA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.3 MEXICO
                    9.2.3.1 Terahertz technology can be used for excavation and restoration purposes
                               TABLE 106 IMAGING AND SPECTROSCOPY IN MEXICO: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 107 IMAGING AND SPECTROSCOPY IN MEXICO: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 108 COMMUNICATION SYSTEMS IN MEXICO: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 109 COMMUNICATION SYSTEMS IN MEXICO: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.3 EUROPE
           FIGURE 47 EUROPE: TERAHERTZ TECHNOLOGY MARKET SNAPSHOT
           TABLE 110 EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 111 EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           FIGURE 48 LABORATORY RESEARCH TO LEAD TERAHERTZ TECHNOLOGY MARKET IN EUROPE DURING FORECAST PERIOD
           TABLE 112 IMAGING AND SPECTROSCOPY IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 113 IMAGING AND SPECTROSCOPY IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 114 COMMUNICATION SYSTEMS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 115 COMMUNICATION SYSTEMS IN EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Terahertz technology market in UK propelled by adoption of organic and inorganic growth strategies
                               TABLE 116 IMAGING AND SPECTROSCOPY IN UK: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 117 IMAGING AND SPECTROSCOPY IN UK: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 118 COMMUNICATION SYSTEMS IN UK: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 119 COMMUNICATION SYSTEMS IN UK: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.2 GERMANY
                    9.3.2.1 Germany holds largest share of terahertz technology market in Europe
                               TABLE 120 IMAGING AND SPECTROSCOPY IN GERMANY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 121 IMAGING AND SPECTROSCOPY IN GERMANY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 122 COMMUNICATION SYSTEMS IN GERMANY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 123 COMMUNICATION SYSTEMS IN GERMANY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.3 FRANCE
                    9.3.3.1 France employs terahertz technology for detecting hidden objects
                               TABLE 124 IMAGING AND SPECTROSCOPY IN FRANCE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 125 IMAGING AND SPECTROSCOPY IN FRANCE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 126 COMMUNICATION SYSTEMS IN FRANCE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 127 COMMUNICATION SYSTEMS IN FRANCE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Consumer applications of terahertz technology-based products began with industrial growth
                               TABLE 128 IMAGING AND SPECTROSCOPY IN ITALY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 129 IMAGING AND SPECTROSCOPY IN ITALY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 130 COMMUNICATION SYSTEMS IN ITALY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 131 COMMUNICATION SYSTEMS IN ITALY: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.5 SPAIN
                    9.3.5.1 Researchers at universities are working toward adoption of terahertz technology
                               TABLE 132 IMAGING AND SPECTROSCOPY IN SPAIN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 133 IMAGING AND SPECTROSCOPY IN SPAIN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 134 COMMUNICATION SYSTEMS IN SPAIN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 135 COMMUNICATION SYSTEMS IN SPAIN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.6 REST OF EUROPE
                    9.3.6.1 Growth in medical and healthcare applications to propel terahertz technology market
                               TABLE 136 IMAGING AND SPECTROSCOPY IN REST OF EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 137 IMAGING AND SPECTROSCOPY IN REST OF EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 138 COMMUNICATION SYSTEMS IN REST OF EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 139 COMMUNICATION SYSTEMS IN REST OF EUROPE: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.4 ASIA PACIFIC
           FIGURE 49 ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET SNAPSHOT
           TABLE 140 ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 141 ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           FIGURE 50 LABORATORY RESEARCH TO LEAD TERAHERTZ TECHNOLOGY MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
           TABLE 142 IMAGING AND SPECTROSCOPY IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 143 IMAGING AND SPECTROSCOPY IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 144 COMMUNICATION SYSTEMS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 145 COMMUNICATION SYSTEMS IN ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.1 JAPAN
                    9.4.1.1 Introduction of game-changing devices and technologies in field of terahertz technology driving market
                               TABLE 146 IMAGING AND SPECTROSCOPY IN JAPAN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 147 IMAGING AND SPECTROSCOPY IN JAPAN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 148 COMMUNICATION SYSTEMS IN JAPAN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 149 COMMUNICATION SYSTEMS IN JAPAN: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.2 CHINA
                    9.4.2.1 Growing adoption of terahertz technology in semiconductor industry
                               TABLE 150 IMAGING AND SPECTROSCOPY IN CHINA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 151 IMAGING AND SPECTROSCOPY IN CHINA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 152 COMMUNICATION SYSTEMS IN CHINA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 153 COMMUNICATION SYSTEMS IN CHINA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 Several startups are developing terahertz technology-based products in India
                               TABLE 154 IMAGING AND SPECTROSCOPY IN INDIA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 155 IMAGING AND SPECTROSCOPY IN INDIA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 156 COMMUNICATION SYSTEMS IN INDIA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 157 COMMUNICATION SYSTEMS IN INDIA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.4 SOUTH KOREA
                    9.4.4.1 South Korea presents huge opportunities for terahertz technology market
                               TABLE 158 IMAGING AND SPECTROSCOPY IN SOUTH KOREA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 159 IMAGING AND SPECTROSCOPY IN SOUTH KOREA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 160 COMMUNICATION SYSTEMS IN SOUTH KOREA, TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 161 COMMUNICATION SYSTEMS IN SOUTH KOREA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.5 REST OF ASIA PACIFIC
                    TABLE 162 IMAGING AND SPECTROSCOPY IN REST OF ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 163 IMAGING AND SPECTROSCOPY IN REST OF ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 164 COMMUNICATION SYSTEMS IN REST OF ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 165 COMMUNICATION SYSTEMS IN REST OF ASIA PACIFIC: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.5 REST OF THE WORLD (ROW)
           TABLE 166 ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 167 ROW: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           FIGURE 51 LABORATORY RESEARCH TO LEAD TERAHERTZ TECHNOLOGY MARKET IN ROW DURING FORECAST PERIOD
           TABLE 168 IMAGING AND SPECTROSCOPY IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 169 IMAGING AND SPECTROSCOPY IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 170 COMMUNICATION SYSTEMS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 171 COMMUNICATION SYSTEMS IN ROW: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.1 MIDDLE EAST & AFRICA (MEA)
                    9.5.1.1 R&D activities have proven to be a boon for Middle East & Africa
                               TABLE 172 IMAGING AND SPECTROSCOPY IN MIDDLE EAST & AFRICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 173 IMAGING AND SPECTROSCOPY IN MIDDLE EAST & AFRICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 174 COMMUNICATION SYSTEMS IN MIDDLE EAST & AFRICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 175 COMMUNICATION SYSTEMS IN MIDDLE EAST & AFRICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.2 SOUTH AMERICA
                    9.5.2.1 Terahertz technology market in South America is growing slowly
                               TABLE 176 IMAGING AND SPECTROSCOPY IN SOUTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 177 IMAGING AND SPECTROSCOPY IN SOUTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 178 COMMUNICATION SYSTEMS IN SOUTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 179 COMMUNICATION SYSTEMS IN SOUTH AMERICA: TERAHERTZ TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.6 COVID-19 IMPACT ON TERAHERTZ TECHNOLOGY MARKET IN VARIOUS REGIONS
           9.6.1 MOST IMPACTED REGION: NORTH AMERICA
                    FIGURE 52 PRE- AND POST-COVID SCENARIO OF TERAHERTZ TECHNOLOGY MARKET IN NORTH AMERICA
           9.6.2 LEAST IMPACTED REGION: ASIA PACIFIC
                    FIGURE 53 PRE- AND POST-COVID SCENARIO OF TERAHERTZ TECHNOLOGY MARKET IN ASIA PACIFIC

10 COMPETITIVE LANDSCAPE (Page No. - 178)
     10.1 OVERVIEW
     10.2 MARKET EVALUATION FRAMEWORK
               TABLE 180 OVERVIEW OF STRATEGIES DEPLOYED BY KEY TERAHERTZ TECHNOLOGY MANUFACTURING COMPANIES
             10.2.1 PRODUCT PORTFOLIO
             10.2.2 REGIONAL FOCUS
             10.2.3 MANUFACTURING FOOTPRINT
             10.2.4 ORGANIC/INORGANIC STRATEGIES
     10.3 MARKET SHARE ANALYSIS, 2021
               TABLE 181 TERAHERTZ TECHNOLOGY MARKET: MARKET SHARE ANALYSIS (2021)
     10.4 5-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 54 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN TERAHERTZ TECHNOLOGY MARKET, 2017–2021
     10.5 COMPANY EVALUATION QUADRANT
             10.5.1 STAR
             10.5.2 EMERGING LEADER
             10.5.3 PERVASIVE
             10.5.4 PARTICIPANT
                       FIGURE 55 TERAHERTZ TECHNOLOGY MARKET: COMPANY EVALUATION QUADRANT, 2021
     10.6 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX
               TABLE 182 TERAHERTZ TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
               TABLE 183 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) IN TERAHERTZ TECHNOLOGY MARKET
               TABLE 184 TERAHERTZ TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (TYPE FOOTPRINT)
               TABLE 185 TERAHERTZ TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (APPLICATION FOOTPRINT)
               TABLE 186 TERAHERTZ TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (REGION FOOTPRINT)
             10.6.1 PROGRESSIVE COMPANY
             10.6.2 RESPONSIVE COMPANY
             10.6.3 DYNAMIC COMPANY
             10.6.4 STARTING BLOCK
                       FIGURE 56 STARTUP/SME EVALUATION MATRIX
     10.7 COMPANY FOOTPRINT
               TABLE 187 COMPANY FOOTPRINT
               TABLE 188 COMPANY TYPE FOOTPRINT
               TABLE 189 COMPANY APPLICATION FOOTPRINT
               TABLE 190 COMPANY REGION FOOTPRINT
     10.8 COMPETITIVE SITUATIONS AND TRENDS
             10.8.1 PRODUCT LAUNCHES
                       TABLE 191 PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2022
             10.8.2 DEALS
                       TABLE 192 DEALS, JANUARY 2019–FEBRUARY 2022
             10.8.3 OTHERS
                       TABLE 193 OTHERS, JANUARY 2019–FEBRUARY 2022

11 COMPANY PROFILES (Page No. - 199)
     11.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
             11.1.1 ADVANTEST CORPORATION
                       TABLE 194 ADVANTEST CORPORATION: BUSINESS OVERVIEW
                       FIGURE 57 ADVANTEST CORPORATION: COMPANY SNAPSHOT
                       TABLE 195 ADVANTEST CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 196 ADVANTEST CORPORATION: PRODUCT LAUNCHES
                       TABLE 197 ADVANTEST CORPORATION: DEALS
                       TABLE 198 ADVANTEST CORPORATION: OTHERS
             11.1.2 LUNA INNOVATIONS
                       TABLE 199 LUNA INNOVATIONS: BUSINESS OVERVIEW
                       FIGURE 58 LUNA INNOVATIONS: COMPANY SNAPSHOT
                       TABLE 200 LUNA INNOVATIONS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 201 LUNA INNOVATIONS: DEALS
             11.1.3 TERAVIEW LIMITED.
                       TABLE 202 TERAVIEW LIMITED.: BUSINESS OVERVIEW
                       TABLE 203 TERAVIEW LIMITED.: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 204 TERAVIEW LIMITED.: PRODUCT LAUNCHES
                       TABLE 205 TERAVIEW LIMITED.: DEALS
             11.1.4 TOPTICA PHOTONICS AG
                       TABLE 206 TOPTICA PHOTONICS AG: BUSINESS OVERVIEW
                       TABLE 207 TOPTICA PHOTONICS AG: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 208 TOPTICA PHOTONICS AG: PRODUCT LAUNCHES
             11.1.5 HÜBNER GMBH & CO. KG
                       TABLE 209 HÜBNER GMBH & CO. KG: BUSINESS OVERVIEW
                       TABLE 210 HÜBNER GMBH & CO. KG: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 211 HÜBNER GMBH & CO. KG: PRODUCT LAUNCHES
                       TABLE 212 HÜBNER GMBH & CO. KG: DEALS
                       TABLE 213 HÜBNER GMBH & CO. KG: OTHERS
             11.1.6 MENLO SYSTEMS
                       TABLE 214 MENLO SYSTEMS: BUSINESS OVERVIEW
                       TABLE 215 MENLO SYSTEMS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 216 MENLO SYSTEMS: PRODUCT LAUNCHES
                       TABLE 217 MENLO SYSTEMS: DEALS
                       TABLE 218 MENLO SYSTEMS: OTHERS
             11.1.7 TERASENSE GROUP INC.
                       TABLE 219 TERASENSE GROUP INC.: BUSINESS OVERVIEW
                       TABLE 220 TERASENSE GROUP INC.: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 221 TERASENSE GROUP INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 222 TERASENSE GROUP INC.: DEALS
                       TABLE 223 TERASENSE GROUP INC.: OTHERS
             11.1.8 GENTEC ELECTRO-OPTICS
                       TABLE 224 GENTEC ELECTRO-OPTICS: BUSINESS OVERVIEW
                       TABLE 225 GENTEC ELECTRO-OPTICS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 226 GENTEC ELECTRO-OPTICS: OTHERS
             11.1.9 QMC INSTRUMENTS LTD.
                       TABLE 227 QMC INSTRUMENTS LTD.: BUSINESS OVERVIEW
                       TABLE 228 QMC INSTRUMENTS LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
             11.1.10 TERAVIL LTD
                       TABLE 229 TERAVIL LTD: BUSINESS OVERVIEW
                       TABLE 230 TERAVIL LTD: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
* (Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS
             11.2.1 VIRGINIA DIODES, INC.
             11.2.2 MICROTECH INSTRUMENTS, INC.
             11.2.3 TRAYCER SYSTEMS, INC.
             11.2.4 DEL MAR PHOTONICS, INC.
             11.2.5 INSIGHT PRODUCT CO.
             11.2.6 BATOP GMBH
             11.2.7 LYTID SAS
             11.2.8 TYDEX
             11.2.9 QUANTUM DESIGN INC.
             11.2.10 RAYSECUR, INC.
             11.2.11 SPECTRAL SCIENCES, INC.
             11.2.12 BRIDGE12 TECHNOLOGIES, INC.
             11.2.13 BRUKER
             11.2.14 SCIENCETECH INC.
             11.2.15 THORLABS, INC.

12 APPENDIX (Page No. - 242)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the terahertz technology market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering terahertz technologies have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the terahertz technology market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of terahertz technology to identify key players based on their products and prevailing industry trends in the terahertz technology market by type, application, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the terahertz technology market through secondary research. Several primary interviews have been conducted with the key opinion leaders from demand and supply sides across four main regions—North America, Europe, Asia Pacific, and Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side respondents, while approximately 75% have been conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephonic interviews

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Terahertz Technology Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the terahertz technology market.

  • Identifying the number of terahertz technology shipped at the global level
  • Identifying average selling prices of terahertz technology shipped globally
  • Conducting multiple discussion sessions with key opinion leaders to understand different terahertz technology and their deployment in multiple products and applications; analysing the break-up of the work conducted by each key company
  • Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEO), directors, and operation managers, and then finally, with the domain experts of MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases of the company- and region-specific developments undertaken in the terahertz technology market

Terahertz Technology Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

The top-down approach has been used to estimate and validate the total size of the terahertz technology market.

  • Focusing initially on the top-line investments and expenditures made in the terahertz technology ecosystem, splitting further into product, technology, application, and listing key developments in key market areas
  • Identifying all major players offering a variety of terahertz technology products and technology, which has been verified through secondary research and a brief discussion with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications for which all identified players offer terahertz technology to estimate and arrive at the percentage splits for all key segments
  • Discussing these splits with industry experts to validate the information and identify key growth domains across all major segments
  • Breaking down the total market based on verified splits and key growth domains across all segments

Terahertz Technology Market  Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the terahertz technology market.

Report Objectives

  • To describe and forecast the overall terahertz technology market, by type and application, in terms of value
  • To provide the size for the overall terahertz technology market in terms of volume
  • To describe operational frequencies of the terahertz technology market
  • To describe and forecast the market for four key regions: North America, Europe, Asia Pacific, and the Rest of the World, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the supply chain of the terahertz technology ecosystem, along with the average selling prices of device type
  • To strategically analyze the ecosystem, Porter’s five forces, tariffs and regulations, patent landscape, trade landscape, and case studies pertaining to the market under study
  • To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
  • To analyze competitive developments such as partnerships, expansion, investments, and acquisitions in the market
  • To strategically profile the key players in the market and comprehensively analyze their market ranking and core competencies2

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Terahertz Technology Market Size,  Share & Growth Report
Report Code
SE 4268
Published ON
May, 2022
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