Terahertz Technologies Market to Reflect Impressive Growth Rate of 30.47% by 2023 | Global Key Players – Advantest, Traycer Diagnostic Systems, Terasense Group, Microtech Instrument, Menlo Systems GmbH, Digital Barriers

Marketprognosis.com Publish a New Market Research Report On “Global Terahertz Technologies Market - Segmented By Technology, End Users (Healthcare, Defense And Security, Industrial), And Geography - Growth, Trends, And Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Terahertz Technologies Market:

The Global Terahertz Technologies Market was estimated at USD 154.28 Million in 2017. This market is expected to reach USD 761.1 Million by the end of 2023, at a CAGR of 30.47% during the forecast period (2018 - 2023).

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Terahertz technology is an emerging field, with unique advantages that can considerably propel the growth of the terahertz technology market over the forecast period. The advantages of terahertz radiation, such as being intrinsically non-invasive, safe, and non-destructive, have increased its application range beyond data transfer and security, to deal with applications related to healthcare and pharmaceuticals. Other emerging applications in molecular spectroscopy, plasma diagnostics, space sciences, and others, have created huge opportunities for expansion in the field of terahertz technology.

Terahertz has major advantages over other conventional technologies, because, unlike standard metal-only detectors, it is sensitive to the presence of explosives and does not emit ionizing radiation, which is safer than X-rays. It is also used to detect airborne chemical warfare agents and toxic industrial chemicals. Millimeter wave technologies and X-rays need dedicated operators to feed analysis data into the software, whereas terahertz fingerprint technology can be automatically fed into the software, eliminating the need for operator interpretation of multifaceted images as well as the major privacy concerns with regard to both X-Ray and millimeter wave technologies.

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North America is the major segment in terahertz technologies market because of the increasing homeland security issues, investment in defense, and growing R&D. Also, stringent government regulations regarding safety, new power generation projects in the United States, and the significantly growing automotive and aerospace industries drive the market for Terahertz technologies in this region. With growing population and increasing health-related concerns among the individuals the industry is expected to see growth over the next few years. The country also spends heavily in the healthcare industry, which can be observed from the healthcare expenditure per capita (USD 8,608) of the country. According to the national cancer institute, in 2016, 1,685,210 new cancer cases were estimated to be diagnosed, and 595,690 people were expected to die from the disease. The national expenditure for cancer in the United States is expected to reach nearly USD 156 billion by 2020. Terahertz technology, which plays a crucial role in the medical diagnostics of the oncology applications, is expected to observe huge adoption rates.

Major Key Players:

1 Advantest Corporation

2 Traycer Diagnostic Systems Inc.

3 Terasense Group Inc.

4 Microtech Instrument Inc.

5 Menlo Systems GmbH

6 Gentec Electro-optics Inc.

7 Luna Innovations Inc.

8 Digital Barriers PLC and More…………………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Terahertz Technologies Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Market Insights

4 Market Dynamics

5 Technology Snapshot

6 Global Terahertz Technologies Market - Segmentation by Technology

7 Global Terahertz Technologies Market - Segmentation by End-user Verticals

8 Global Terahertz Technologies Market - Segmentation by Geography

9 Competitive Intelligence - Company Profiles

10 Investment Analysis

11 Future of Terahertz Technologies Market

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