Market Overview:
The global terahertz sources market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for terahertz radiation in laboratory research, medical and healthcare, military and homeland security, and industrial non-destructive testing (NDT) applications. In terms of type, the less than 300 GHz segment is expected to account for a larger share of the global terahertz sources market during the forecast period. This can be attributed to the growing demand for low-frequency terahertz radiation in various applications.
Product Definition:
A Terahertz source is a device that emits or transmits terahertz radiation. Terahertz radiation is electromagnetic radiation with a frequency of between 0.3 THz and 300 GHz, corresponding to wavelengths from 1 mm to 100 µm. It has many potential applications in science and technology, including medical imaging, security screening, telecommunications and spectroscopy.
Less than 300 GHz:
It is the frequency range which is between 300 GHz and 3 x 10^6 MHz. It covers a large part of the microwave band, but not quite low enough to be a millimeter wave.
Above 300 GHz:
The frequency range from 300 GHz to 3 THz is called Terahertz (THz) band. The main application of this frequency band is in the tera-scale length scale and below. It covers a large range of frequencies, which are higher than infrared but lower than microwave region. The applications include gas phase molecular Beamsplitter technology, nonlinear optics, time-domain reflectometry (TDHR), spectroscopy probe techniques and others.
Application Insights:
The laboratory research segment dominated the global terahertz sources market in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing R&D activities on advanced technologies for imaging, spectroscopy, and other applications at terahertz frequencies. For instance, researchers at China¢â‚¬â„¢s Tsinghua University have developed a new method that allows them to generate high-resolution images of biological tissue using THz radiation. Such technological advancements are anticipated to boost product demand in future.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of universities and research institutes engaged in extensive Terahertz (THz) based research. In addition, increasing government funding for innovative technologies is also expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for high-quality products from various end-use industries such as electronics, medical and healthcare, military and homeland security etc. Furthermore, growing investments by prominent players are likely boost regional product demand in near future. For instance, China Electronics Technology Group Corporation (CETC) has announced plans for constructing a new factory that will produce terahertz wave devices with superior quality at lower costs within Chinese borders thus driving industry expansion across Asia Pacific region during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for terahertz sources in security and defense applications
- Growing demand for terahertz sources in medical imaging and diagnostics
- Rising use of terahertz sources in research and development activities
- Increasing adoption of terahertz sources in manufacturing processes
- Growing popularity of portable and handheld terahertz sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Terahertz Sources Market Research Report
By Type
Less than 300 GHz, Above 300 GHz
By Application
Laboratory Research, Medical and Healthcare, Military and Homeland Security, Industrial Non-Destructive Testing (NDT)
By Companies
TeraSense, Avesta, Photon Lines, Microtech Instruments, Sintec Optronics, SciTech, Optilab LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Terahertz Sources Market Report Segments:
The global Terahertz Sources market is segmented on the basis of:
Types
Less than 300 GHz, Above 300 GHz
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratory Research, Medical and Healthcare, Military and Homeland Security, Industrial Non-Destructive Testing (NDT)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TeraSense
- Avesta
- Photon Lines
- Microtech Instruments
- Sintec Optronics
- SciTech
- Optilab LLC
Highlights of The Terahertz Sources Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 300 GHz
- Above 300 GHz
- By Application:
- Laboratory Research
- Medical and Healthcare
- Military and Homeland Security
- Industrial Non-Destructive Testing (NDT)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Terahertz Sources Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Terahertz sources are devices that emit or radiate in the terahertz range of frequencies. These devices can be used for a variety of purposes, such as telecommunications, sensing, and imaging.
Some of the major players in the terahertz sources market are TeraSense, Avesta, Photon Lines, Microtech Instruments, Sintec Optronics, SciTech, Optilab LLC.
The terahertz sources market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Terahertz Sources Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Terahertz Sources Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Terahertz Sources Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Terahertz Sources Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Terahertz Sources Market Size & Forecast, 2020-2028 4.5.1 Terahertz Sources Market Size and Y-o-Y Growth 4.5.2 Terahertz Sources Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Less than 300 GHz
5.2.2 Above 300 GHz
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Laboratory Research
6.2.2 Medical and Healthcare
6.2.3 Military and Homeland Security
6.2.4 Industrial Non-Destructive Testing (NDT)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Terahertz Sources Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Terahertz Sources Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Less than 300 GHz
9.6.2 Above 300 GHz
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Laboratory Research
9.10.2 Medical and Healthcare
9.10.3 Military and Homeland Security
9.10.4 Industrial Non-Destructive Testing (NDT)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Less than 300 GHz
10.6.2 Above 300 GHz
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Laboratory Research
10.10.2 Medical and Healthcare
10.10.3 Military and Homeland Security
10.10.4 Industrial Non-Destructive Testing (NDT)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Less than 300 GHz
11.6.2 Above 300 GHz
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Laboratory Research
11.10.2 Medical and Healthcare
11.10.3 Military and Homeland Security
11.10.4 Industrial Non-Destructive Testing (NDT)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Less than 300 GHz
12.6.2 Above 300 GHz
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Laboratory Research
12.10.2 Medical and Healthcare
12.10.3 Military and Homeland Security
12.10.4 Industrial Non-Destructive Testing (NDT)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Less than 300 GHz
13.6.2 Above 300 GHz
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Laboratory Research
13.10.2 Medical and Healthcare
13.10.3 Military and Homeland Security
13.10.4 Industrial Non-Destructive Testing (NDT)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Terahertz Sources Market: Competitive Dashboard
14.2 Global Terahertz Sources Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TeraSense
14.3.2 Avesta
14.3.3 Photon Lines
14.3.4 Microtech Instruments
14.3.5 Sintec Optronics
14.3.6 SciTech
14.3.7 Optilab LLC