PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1629141
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1629141
Terahertz Technology Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
The global terahertz (THz) technology market is projected to grow from $1,213.3 million in 2024 to $2,272.7 million by 2030, registering a compound annual growth rate (CAGR) of 11.0%. This growth is driven by increasing adoption in communication systems, medical imaging, and defense applications. Advancements in THz devices and systems are enhancing their usability in non-destructive testing, security checks, and material analysis. Furthermore, the rising focus on research and development, along with government initiatives supporting technological innovation, is fueling market expansion.
Key Insights
The use of THz technology in communication systems is growing rapidly, offering higher bandwidth and faster data transmission, which is critical for next-generation networks.
In the medical field, THz imaging is providing non-invasive diagnostic tools, particularly in cancer detection and advanced medical imaging techniques.
THz technology is increasingly adopted in the defense sector for security checks and detecting concealed weapons, owing to its ability to penetrate non-metallic materials safely.
Non-destructive testing (NDT) is a key application area, where THz technology is used for inspecting materials and structures without causing damage, ensuring quality control.
Research laboratories are utilizing high-end THz devices for advancements in spectroscopy and imaging, expanding its industrial and academic applications.
The aerospace and defense sectors are significant adopters of THz technology, particularly for security screening and communication systems.
The COVID-19 pandemic accelerated the use of THz imaging in healthcare systems, with applications such as THz-based detection of viral infections gaining traction.
Government initiatives and funding are supporting research and development in THz technology, driving innovation and market growth.
Continuous advancements in compact and efficient THz sources and detectors are broadening the scope of applications and improving system performance.
The market is characterized by a competitive and fragmented landscape, with numerous players focusing on innovation to meet growing industry demands.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by component
- 1.4.3. Market size breakdown, by end use
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2019-2030)
- 6.3. Market Revenue, by Component (2019-2030)
- 6.4. Market Revenue, by End Use (2019-2030)
- 6.5. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2019-2030)
- 7.3. Market Revenue, by Component (2019-2030)
- 7.4. Market Revenue, by End Use (2019-2030)
- 7.5. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2019-2030)
- 8.3. Market Revenue, by Component (2019-2030)
- 8.4. Market Revenue, by End Use (2019-2030)
- 8.5. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2019-2030)
- 9.3. Market Revenue, by Component (2019-2030)
- 9.4. Market Revenue, by End Use (2019-2030)
- 9.5. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2019-2030)
- 10.3. Market Revenue, by Component (2019-2030)
- 10.4. Market Revenue, by End Use (2019-2030)
- 10.5. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2019-2030)
- 11.3. Market Revenue, by Component (2019-2030)
- 11.4. Market Revenue, by End Use (2019-2030)
- 11.5. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2019-2030)
- 12.3. Market Revenue, by Component (2019-2030)
- 12.4. Market Revenue, by End Use (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2019-2030)
- 13.3. Market Revenue, by Component (2019-2030)
- 13.4. Market Revenue, by End Use (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2019-2030)
- 14.3. Market Revenue, by Component (2019-2030)
- 14.4. Market Revenue, by End Use (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2019-2030)
- 15.3. Market Revenue, by Component (2019-2030)
- 15.4. Market Revenue, by End Use (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2019-2030)
- 16.3. Market Revenue, by Component (2019-2030)
- 16.4. Market Revenue, by End Use (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2019-2030)
- 17.3. Market Revenue, by Component (2019-2030)
- 17.4. Market Revenue, by End Use (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2019-2030)
- 18.3. Market Revenue, by Component (2019-2030)
- 18.4. Market Revenue, by End Use (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2019-2030)
- 19.3. Market Revenue, by Component (2019-2030)
- 19.4. Market Revenue, by End Use (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2019-2030)
- 20.3. Market Revenue, by Component (2019-2030)
- 20.4. Market Revenue, by End Use (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2019-2030)
- 21.3. Market Revenue, by Component (2019-2030)
- 21.4. Market Revenue, by End Use (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2019-2030)
- 22.3. Market Revenue, by Component (2019-2030)
- 22.4. Market Revenue, by End Use (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2019-2030)
- 23.3. Market Revenue, by Component (2019-2030)
- 23.4. Market Revenue, by End Use (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2019-2030)
- 24.3. Market Revenue, by Component (2019-2030)
- 24.4. Market Revenue, by End Use (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2019-2030)
- 25.3. Market Revenue, by Component (2019-2030)
- 25.4. Market Revenue, by End Use (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2019-2030)
- 26.3. Market Revenue, by Component (2019-2030)
- 26.4. Market Revenue, by End Use (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2019-2030)
- 27.3. Market Revenue, by Component (2019-2030)
- 27.4. Market Revenue, by End Use (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2019-2030)
- 28.3. Market Revenue, by Component (2019-2030)
- 28.4. Market Revenue, by End Use (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Advantest Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Batop GmbH
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. TeraSense Group
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. HUBNER GmbH & Co. KG
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. TeraView
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. TeraVil Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. QMC Instruments Ltd.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Gentec Electro-Optics
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Menlo Systems GmbH
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
