Terahertz (THz) Technology Market size was 309.6 million US$
Posted by Deeksha on June 19th, 2019
Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Terahertz (THz) Technology Market” Size, Status and Forecast 2019-2025 provides an in-depth analysis of the Terahertz (THz) Technology Market with the forecast of market size and growth. The analysis includes addressable market, market by volume, and market share by business type and by segment (external and in-house).The research study examines the Terahertz (THz) Technology Market on the basis of a number of criteria, such as the product type, application, and its geographical presence.
The whole supply chain of Terahertz (THz) Technology Market has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Terahertz (THz) Technology Market together with the recent developments have been given here to provide an exhaustive picture of this market.
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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 nondestructive manner and visualizing material flaws in ceramics or plastics. Due to its low energy characteristics, terahertz radiation is non-hazardous for humans and animals.
Terahertz (THz) Technology is widely used in Laboratory Research, Medical & Healthcare, Military and Homeland Security and Industrial Non-Destructive Testing (NDT). According to the report data, 53.11% of the market demand for Terahertz (THz) Technology in the field of Laboratory Research in 2018.
Terahertz (THz) Technology is divided into Terahertz Imaging, Terahertz Spectroscopy and Terahertz Communication Systems. Terahertz Imaging plays an important role in terahertz technology, with a market share approaching 64.85% in 2018.
In short, the Terahertz (THz) Technology industry will continue to be a relatively fast-growing industry in the coming years. There are many opportunities for sales of terahertz imaging inspections, and more companies will enter the industry, especially in developing countries.
In 2018, the global Terahertz (THz) Technology market size was 309.6 million US$ and it is expected to reach 1419.4 million US$ by the end of 2025, with a CAGR of 24.3% during 2019-2025.
This report focuses on the global Terahertz (THz) Technology status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Terahertz (THz) Technology development in United States, Europe and China.
The key players covered in this study
Brainware Terahertz Information
Hbner GmbH & Co. KG
Daheng New Epoch Technology
Toptica Photonics AG
Luna Innovations Incorporated
Terasense Group Inc.
Menlo Systems GmbH
Microtech Instrument Inc
Market segment by Type, the product can be split into
Terahertz Communication Systems
Market segment by Application, split into
Medical & Healthcare
Military and Homeland Security
Industrial Non-Destructive Testing (NDT)
Market segment by Regions/Countries, this report covers
Central & South America
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Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Terahertz (THz) Technology Market Size Growth Rate by Type (2014-2025)
1.4.2 Terahertz Imaging
1.4.3 Terahertz Spectroscopy
1.4.4 Terahertz Communication Systems
1.5 Market by Application
1.5.1 Global Terahertz (THz) Technology Market Share by Application (2014-2025)
1.5.2 Laboratory Research
1.5.3 Medical & Healthcare
1.5.4 Military and Homeland Security
1.5.5 Industrial Non-Destructive Testing (NDT)
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Terahertz (THz) Technology Market Size
2.2 Terahertz (THz) Technology Growth Trends by Regions
2.2.1 Terahertz (THz) Technology Market Size by Regions (2014-2025)
2.2.2 Terahertz (THz) Technology Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
3 Market Share by Key Players
3.1 Terahertz (THz) Technology Market Size by by Players
3.1.1 Global Terahertz (THz) Technology Revenue by by Players (2014-2019)
3.1.2 Global Terahertz (THz) Technology Revenue Market Share by by Players (2014-2019)
3.1.3 Global Terahertz (THz) Technology Market Concentration Ratio (CR5 and HHI)
3.2 Terahertz (THz) Technology Key Players Head office and Area Served
3.3 Key Players Terahertz (THz) Technology Product/Solution/Service
3.4 Date of Enter into Terahertz (THz) Technology Market
3.5 Mergers & Acquisitions, Expansion Plans