Market Overview:
The global terahertz radiation system market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for terahertz radiation systems in medical equipment, biological research, agricultural research, military and industry applications. The other type segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the growing demand for terahertz radiation systems in computing devices and communications devices applications.
Product Definition:
A terahertz radiation system is a device that emits and detects terahertz radiation. Terahertz radiation is electromagnetic radiation with a frequency in the range of 100 gigahertz (GHz) to 10 trillion hertz (THz). It occupies the band of frequencies between microwaves and infrared light. Terahertz radiation has many potential applications, including medical imaging, security screening, and non-destructive testing.
Imaging Devices:
Imaging devices are the part of Terahertz Radiation (THz) system.
The global imaging devices market size was valued at USD 1,849.7 million in 2016.
Spectroscopes:
A spectroscopes is an instrument used for analyzing the composition of matter, atomic and molecular structures, energy levels, and transfer of light. It's primary application is in the field of chemistry but it has many other applications in various fields such as biotechnology & medical sciences. Spectroscopy can be used to study liquids & gases as well as solid materials.
Application Insights:
The application segment is bifurcated into medical equipment, biological research, agricultural research, military, industry and others. The medical equipment segment dominated the global market in 2017 owing to the growing adoption of terahertz radiation for diagnostic imaging as well as treatment procedures. Moreover, increasing applications of T2RS in various healthcare devices such as Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound and X-ray are expected to drive growth over the forecast period.
Biological research is anticipated to be one of the fastest-growing segments during the study period owing to rising government funding initiatives for life sciences that support R&D activities at universities and institutes across countries worldwide. For instance; Research Councils UK provides funding worth approximately USD 9 billion every year for academic institutions participating in knowledge transfer activities related to agriculture & food science & technology and medicine & health within six years from 2014 - 2020 throughout Europe region including Germany.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major players such as Hewlett Packard Enterprise, Cisco Systems, and Lockheed Martin Corporation. Moreover, these companies are also focusing on developing advanced devices for terahertz radiation that will expand its usage across a broad range of applications. For instance, Hewlett Packard has developed a compact T2-R imaging system with sub-millimeter resolution that is suitable for industrial inspection and security surveillance applications at TeraHertz (TZ) band frequencies.
Asia Pacific is expected to grow at an exponential rate owing to increasing government funding in emerging economies such as China and India for research activities usingtera hertz radiation systemsfor various applications including medical diagnosis or cancer treatment or agricultural research & development (R&D).
Growth Factors:
- Increasing demand for terahertz radiation systems from the security and defense sectors as they can be used for detection of explosives and other threats
- Growing use of terahertz radiation systems in medical imaging and diagnostics
- Increasing research and development activities for the application of terahertz radiation systems in new areas such as food inspection, quality control, etc.
- Rising demand for miniaturized terahertz radiation systems with higher performance characteristics
- Technological advancements that are making it possible to develop low-cost, compact, and user-friendly terahertz radiation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Terahertz Radiation System Market Research Report
By Type
Imaging Devices, Spectroscopes, Communications Devices, Computing Devices, Other
By Application
Medical Equipment, Biological Research, Agricultural Research, Military, Industry
By Companies
TeraView, Advanced Photonix, BATOP, TeraSense, Bruker, Bruker, NEC, TeTechS, Microtech Instruments, Agiltron, Digital Barriers, Emcore, Gentec-EO, LongWave, Canon, Insight Product Co., Fraunhofer, Teledyne, Teraphysics, QMC Instruments, Northrop Grumman, Tochigi Nikon, Toptica, UTC Aerospace Systems, Verisante, Menlo Systems
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Terahertz Radiation System Market Report Segments:
The global Terahertz Radiation System market is segmented on the basis of:
Types
Imaging Devices, Spectroscopes, Communications Devices, Computing Devices, Other
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:
- TeraView
- Advanced Photonix
- BATOP
- TeraSense
- Bruker
- Bruker
- NEC
- TeTechS
- Microtech Instruments
- Agiltron
- Digital Barriers
- Emcore
- Gentec-EO
- LongWave
- Canon
- Insight Product Co.
- Fraunhofer
- Teledyne
- Teraphysics
- QMC Instruments
- Northrop Grumman
- Tochigi Nikon
- Toptica
- UTC Aerospace Systems
- Verisante
- Menlo Systems
Highlights of The Terahertz Radiation System 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:
- Imaging Devices
- Spectroscopes
- Communications Devices
- Computing Devices
- Other
- 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 Terahertz Radiation System 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?
A terahertz radiation system is a type of radiation that has a frequency higher than the microwave and infrared ranges of the electromagnetic spectrum. Terahertz radiation can be used to transmit images, data, and other signals through walls and other barriers.
Some of the key players operating in the terahertz radiation system market are TeraView, Advanced Photonix, BATOP, TeraSense, Bruker, Bruker, NEC, TeTechS, Microtech Instruments, Agiltron, Digital Barriers, Emcore, Gentec-EO, LongWave, Canon, Insight Product Co., Fraunhofer, Teledyne, Teraphysics, QMC Instruments, Northrop Grumman, Tochigi Nikon, Toptica, UTC Aerospace Systems, Verisante, Menlo Systems.
The terahertz radiation system market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Terahertz Radiation System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Terahertz Radiation System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Terahertz Radiation System Market - Supply Chain
4.5. Global Terahertz Radiation System Market Forecast
4.5.1. Terahertz Radiation System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Terahertz Radiation System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Terahertz Radiation System Market Absolute $ Opportunity
5. Global Terahertz Radiation System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Terahertz Radiation System Market Size and Volume Forecast by Type
5.3.1. Imaging Devices
5.3.2. Spectroscopes
5.3.3. Communications Devices
5.3.4. Computing Devices
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Terahertz Radiation System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Terahertz Radiation System Market Size and Volume Forecast by Application
6.3.1. Medical Equipment
6.3.2. Biological Research
6.3.3. Agricultural Research
6.3.4. Military
6.3.5. Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Terahertz Radiation System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Terahertz Radiation System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Terahertz Radiation System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Terahertz Radiation System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Terahertz Radiation System Demand Share Forecast, 2019-2026
9. North America Terahertz Radiation System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Terahertz Radiation System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Terahertz Radiation System Market Size and Volume Forecast by Application
9.4.1. Medical Equipment
9.4.2. Biological Research
9.4.3. Agricultural Research
9.4.4. Military
9.4.5. Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Terahertz Radiation System Market Size and Volume Forecast by Type
9.7.1. Imaging Devices
9.7.2. Spectroscopes
9.7.3. Communications Devices
9.7.4. Computing Devices
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Terahertz Radiation System Demand Share Forecast, 2019-2026
10. Latin America Terahertz Radiation System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Terahertz Radiation System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Terahertz Radiation System Market Size and Volume Forecast by Application
10.4.1. Medical Equipment
10.4.2. Biological Research
10.4.3. Agricultural Research
10.4.4. Military
10.4.5. Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Terahertz Radiation System Market Size and Volume Forecast by Type
10.7.1. Imaging Devices
10.7.2. Spectroscopes
10.7.3. Communications Devices
10.7.4. Computing Devices
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Terahertz Radiation System Demand Share Forecast, 2019-2026
11. Europe Terahertz Radiation System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Terahertz Radiation System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Terahertz Radiation System Market Size and Volume Forecast by Application
11.4.1. Medical Equipment
11.4.2. Biological Research
11.4.3. Agricultural Research
11.4.4. Military
11.4.5. Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Terahertz Radiation System Market Size and Volume Forecast by Type
11.7.1. Imaging Devices
117.2. Spectroscopes
11.7.3. Communications Devices
11.7.4. Computing Devices
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Terahertz Radiation System Demand Share, 2019-2026
12. Asia Pacific Terahertz Radiation System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Terahertz Radiation System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Terahertz Radiation System Market Size and Volume Forecast by Application
12.4.1. Medical Equipment
12.4.2. Biological Research
12.4.3. Agricultural Research
12.4.4. Military
12.4.5. Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Terahertz Radiation System Market Size and Volume Forecast by Type
12.7.1. Imaging Devices
12.7.2. Spectroscopes
12.7.3. Communications Devices
12.7.4. Computing Devices
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Terahertz Radiation System Demand Share, 2019-2026
13. Middle East & Africa Terahertz Radiation System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Terahertz Radiation System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Terahertz Radiation System Market Size and Volume Forecast by Application
13.4.1. Medical Equipment
13.4.2. Biological Research
13.4.3. Agricultural Research
13.4.4. Military
13.4.5. Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Terahertz Radiation System Market Size and Volume Forecast by Type
13.7.1. Imaging Devices
13.7.2. Spectroscopes
13.7.3. Communications Devices
13.7.4. Computing Devices
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Terahertz Radiation System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Terahertz Radiation System Market: Market Share Analysis
14.2. Terahertz Radiation System Distributors and Customers
14.3. Terahertz Radiation System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TeraView
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Advanced Photonix
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BATOP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TeraSense
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bruker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bruker
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NEC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TeTechS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Microtech Instruments
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Agiltron
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Digital Barriers
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Emcore
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Gentec-EO
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LongWave
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Canon
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Insight Product Co.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Fraunhofer
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Teledyne
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Teraphysics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. QMC Instruments
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
