Global Terahertz Technology Market Report By Type (Terahertz Imaging, Terahertz Spectroscopy, Terahertz Communication Systems), By Application (Healthcare, Food & Agriculture, Defense & Security, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

July 2021
Report Formats:
Global Terahertz Technology Market Overview
The key drivers impacting the terahertz technology market are the growing applications of terahertz technology in various medical, automotive, and aerospace, and defense applications. For instance, Terahertz radiation can penetrate fabrics and plastics, so it is utilized in surveillance, such as security screening, to expose hidden weapons on a person distantly. The medical sector is used in medical imaging as terahertz radiation is not ionizing radiation, and its low photon energies do not injure living tissues and DNA. Some frequencies of terahertz radiation can penetrate several millimeters of tissue with fatty tissue and reflect. Moreover, an increase in demand from the homeland security, defense, and medical sectors contributes to terahertz technology market demand in the later years. 
According to Value Market Research, the global terahertz technology market size was valued at about USD 281.2 million in 2020 and is estimated to grow at a CAGR of around 32% during the forecast period 2021 to 2027.

The growing investment by governments and private enterprises due to growing terrorist activity worldwide will likely augment the need for terahertz technology in the forecast period. However, the slow adoption rate of terahertz technology due to the lack of awareness hampers the market in the long run. In addition, the high cost of R&D impedes market growth. Nevertheless, the market trends, such as processing applications of terahertz technology in the food industry and the rising use of terahertz technology for satellite communication and computing, might provide huge opportunities to the market's leading players.
The terahertz technology market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to raise their market share globally. The key players in the report are Terasense, Advantest Corporation, Digital Barriers Plc, Menlo Systems GmbH, Teraview, Advanced Photonix Inc., Microtech Instrument Inc., Traycer,  Acal Plc, Gentec Electro-Optics, and Toptica Photonics AG.

Global Terahertz Technology Market Share

In this research report, the terahertz technology market is segmented by type, application, and region.
Analysis by Type:
By type, the report is segmented into terahertz imaging, terahertz spectroscopy, and terahertz communication systems. The Terahertz imaging segment dominates with the highest market share in the forecast period. It is because the low photon energy of terahertz electromagnetic waves makes them harmless and non-ionizing even after excessive exposure to them contributes to the growth of Terahertz imaging in the forecast period.

Analysis by Application: 
By End-user application, the report is divided into Healthcare, food & agriculture, defense & security, and others. The defense & security segment dominates the end-use segment with a market share in 2020. It is due to the growing innovations and better imaging capabilities and rising investment by security organizations in upgraded devices for enhanced performance. Moreover, the rising utilization of plastic and new chemical & biological weapons by criminals creates the need to use terahertz devices, contributing to the high market demand from the defense sector.

Analysis by Region:  
In the regional outlook of the global terahertz technology market, the North America region dominates with the largest market share in 2020. It is due to the growing number of government regulations favoring the adoption of terahertz technology in the region. Moreover, the high implementation of advanced technology and rise in the production of helicopters and commercial aircraft in the United States contribute to the tremendous market growth across North America.
Market Segmentation covered in the Report:
By Type
  • Terahertz imaging
  • Terahertz spectroscopy
  • Terahertz communication systems
By Application
  • Healthcare
  • Food & Agriculture
  • Defense & Security
  • Others
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
       2.1. Highlights of Market
       2.2. Global Market Snapshot
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Region
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Terahertz Imaging Market by Regions
       6.6 Terahertz Spectroscopy Market by Regions
       6.5 Terahertz Communication Systems Market by Regions
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Healthcare Market by Regions
       7.5 Food & Agriculture Market by Regions
       7.6 Defense & Security Market by Regions
       7.7 Others Market by Regions
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
       9.1. Terahertz Technology Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Terasense
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Advantest Corporation
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Digital Barriers Plc
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Menlo Systems GmbH
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Teraview
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Advanced Photonix Inc.
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Microtech Instrument Inc.
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Traycer
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Acal Plc
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Gentec Electro-Optics
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Toptica Photonics AG
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Terahertz Imaging Market by Geography (USD MN)
  •  Terahertz Spectroscopy Market by Geography (USD MN)
  •  Terahertz Communication Systems Market by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Healthcare Market by Geography (USD MN)
  •  Food & Agriculture Market by Geography (USD MN)
  •  Defense & Security Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Terahertz Technology Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  Research Scope of Terahertz Technology Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Terahertz Technology Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Terahertz Imaging Market by Geography (USD MN)
  •  Terahertz Spectroscopy Market by Geography (USD MN)
  •  Terahertz Communication Systems Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Healthcare Market by Geography (USD MN)
  •  Food & Agriculture Market by Geography (USD MN)
  •  Defense & Security Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC

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