Market Overview:
The global ultrafast terahertz sensors market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for ultrafast terahertz sensors in medical equipment, biological research, agricultural research, military and industry applications. The photonic sensing segment is expected to dominate the global ultrafast terahertz sensors market during the forecast period owing to its advantages such as high sensitivity and low noise levels. However, the electronic sensing segment is projected to grow at a higher CAGR than the photonic sensing segment during the forecast period due its advantages such as low power consumption and compact size. North America accounted for majority of share in terms of revenue in 2017 and is expected to maintain its dominance duringthe forecast period dueto growing demand from medical equipment application segments.
Product Definition:
An ultrafast terahertz sensor is a device that can detect and measure the intensity of terahertz radiation. Terahertz radiation has a wavelength that is between microwaves and infrared light, making it an ideal tool for imaging and detecting hidden objects. Ultrafast terahertz sensors are important for applications such as security screening, medical diagnostics, and material analysis.
Photonic Sensing:
Photonic sensing is a technology that utilizes the interaction of light and matter to detect or sense physical parameters such as temperature, pressure, chemical composition, motion or vibration. Photonic sensing has wide applications in areas such as security systems (lights and lasers), biometric identification systems ( facial recognition), medical diagnosis & imaging (ultrafast MRI)and non-destructive testing(X-ray).
Electronic Sensing:
Electronic sensing is a technology that uses electronic devices to measure physical parameters. Ultrafast terahertz sensors make use of this principle for measuring the temperature of an object with high accuracy and precision. These sensors are used in various applications such as medical, security, automotive and industrial among others. The increasing demand for automation in these fields has led to the growing adoption of ultrafast terahertz (THz) sensors market over the last decade.
Application Insights:
The application segment is segregated into six parts including medical equipment, biological research, agricultural research, military & aerospace applications, industry and others. The medical equipment segment held the largest market share in 2017 due to the growing demand for ultrafast terahertz sensors as they can detect cancer cells and other diseases at an early stage. Furthermore, these devices are used in a variety of healthcare applications such as endoscopy and cardiology.
Ultrafast terahertz technology has numerous potential uses in military & aerospace applications owing to its ability to penetrate through walls and see through materials such as wood or metal. It can also be used for non-invasive inspection of tanks and armored vehicles which will enhance soldier safety during training or combat missions by providing critical information about enemy positions or stored weapons systems that cannot be seen using conventional imaging technologies.
Regional Analysis:
North America dominated the global ultrafast terahertz sensors market in 2017. The region is expected to maintain its position during the forecast period. North America has a well-established research community working on advanced materials, devices and systems at both fundamental and applied levels. Moreover, there are several universities teaching courses related to Terahertz Technology that offers ample opportunities for industry players to train their personnel.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to increasing government funding for basic research in emerging economies of India and China along with Japan’s leading role as an educational hub for advanced technologies such as this one also contributes significantly towards regional growth rate estimates.
Growth Factors:
- Increasing demand for ultrafast terahertz sensors in security and defense applications
- Rising demand for ultrafast terahertz sensors from the medical sector
- Growing adoption of ultrafast terahertz sensors in the semiconductor industry
- Increasing use of ultrafast terahertz sensors in research and development activities
- Proliferation of portable devices that require high-speed sensing capabilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrafast Terahertz Sensors Market Research Report
By Type
Photonic Sensing, Electronic Sensing
By Application
Medical Equipment, Biological Research, Agricultural Research, Military, Industry
By Companies
Advantest Corporation, Hübner GmbH & Co. KG, Daheng New Epoch Technology, Toptica Photonics AG, Luna Innovations Incorporated, TeraView, Bruker, Terasense Group Inc., Menlo Systems GmbH, EKSPLA, Mesurex
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Ultrafast Terahertz Sensors Market Report Segments:
The global Ultrafast Terahertz Sensors market is segmented on the basis of:
Types
Photonic Sensing, Electronic Sensing
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
Medical Equipment, Biological Research, Agricultural Research, Military, Industry
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:
- Advantest Corporation
- Hübner GmbH & Co. KG
- Daheng New Epoch Technology
- Toptica Photonics AG
- Luna Innovations Incorporated
- TeraView
- Bruker
- Terasense Group Inc.
- Menlo Systems GmbH
- EKSPLA
- Mesurex
Highlights of The Ultrafast Terahertz Sensors 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:
- Photonic Sensing
- Electronic Sensing
- By Application:
- Medical Equipment
- Biological Research
- Agricultural Research
- Military
- Industry
- 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 Ultrafast Terahertz Sensors 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?
Ultrafast terahertz sensors are devices that can detect and measure very small changes in temperature or pressure. They are used in a variety of applications, such as security systems, medical diagnostics, and chemical analysis.
Some of the major players in the ultrafast terahertz sensors market are Advantest Corporation, H¼bner GmbH & Co. KG, Daheng New Epoch Technology, Toptica Photonics AG, Luna Innovations Incorporated, TeraView, Bruker, Terasense Group Inc., Menlo Systems GmbH, EKSPLA, Mesurex.
The ultrafast terahertz sensors market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultrafast Terahertz Sensors 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 Ultrafast Terahertz Sensors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ultrafast Terahertz Sensors 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 Ultrafast Terahertz Sensors 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 Ultrafast Terahertz Sensors Market Size & Forecast, 2020-2028 4.5.1 Ultrafast Terahertz Sensors Market Size and Y-o-Y Growth 4.5.2 Ultrafast Terahertz Sensors 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 Photonic Sensing
5.2.2 Electronic Sensing
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 Medical Equipment
6.2.2 Biological Research
6.2.3 Agricultural Research
6.2.4 Military
6.2.5 Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultrafast Terahertz Sensors 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 Ultrafast Terahertz Sensors 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 Photonic Sensing
9.6.2 Electronic Sensing
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 Medical Equipment
9.10.2 Biological Research
9.10.3 Agricultural Research
9.10.4 Military
9.10.5 Industry
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 Photonic Sensing
10.6.2 Electronic Sensing
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 Medical Equipment
10.10.2 Biological Research
10.10.3 Agricultural Research
10.10.4 Military
10.10.5 Industry
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 Photonic Sensing
11.6.2 Electronic Sensing
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 Medical Equipment
11.10.2 Biological Research
11.10.3 Agricultural Research
11.10.4 Military
11.10.5 Industry
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 Photonic Sensing
12.6.2 Electronic Sensing
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 Medical Equipment
12.10.2 Biological Research
12.10.3 Agricultural Research
12.10.4 Military
12.10.5 Industry
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 Photonic Sensing
13.6.2 Electronic Sensing
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 Medical Equipment
13.10.2 Biological Research
13.10.3 Agricultural Research
13.10.4 Military
13.10.5 Industry
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 Ultrafast Terahertz Sensors Market: Competitive Dashboard
14.2 Global Ultrafast Terahertz Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advantest Corporation
14.3.2 Hübner GmbH & Co. KG
14.3.3 Daheng New Epoch Technology
14.3.4 Toptica Photonics AG
14.3.5 Luna Innovations Incorporated
14.3.6 TeraView
14.3.7 Bruker
14.3.8 Terasense Group Inc.
14.3.9 Menlo Systems GmbH
14.3.10 EKSPLA
14.3.11 Mesurex