Press release
Global Terahertz (THz) Technology Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like TeraView,Bruker,EKSPLA,Inc.
This report focuses on the key global Terahertz (THz) Technology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Terahertz (THz) Technology with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Terahertz (THz) frequency range (0.1 THz — 3 THz) is the last span within the whole electromagnetic wave spectrum, At the same time it is well known that this frequency range has incredibly fascinating prospects for many applications. THz radiation exhibits three unique properties, which stimulate development of the whole terahertz industry. The major advantage of terahertz waves (of sub-terahertz frequency range 0.1 THz — 0.3 THz) is that many materials which block visible and IR spectra, appear to be transparent in the terahertz region. The terahertz range is a part of the electromagnetic spectrum between microwaves and infrared with a frequency of one billion oscillations per second. The so-called terahertz gap was an issue for many years as there were no practical radiation sources for this part of the spectrum until well into the 1990s. Due to its special properties, terahertz radiation has become an important technology of the future: it can be used to detect concealed explosives or drugs and it can identify which substances are flowing through a plastic pipe. It is capable of monitoring the thickness of a layer in a nondestructive manner and visualizing material flaws in ceramics or plastics. Due to its low energy characteristics, terahertz radiation is non-hazardous for humans and animals.
Terahertz (THz) Technology is widely used in Laboratory Research, Medical & Healthcare, Military and Homeland Security and Industrial Non-Destructive Testing (NDT). According to the report data, 53.11% of the market demand for Terahertz (THz) Technology in the field of Laboratory Research in 2018.
Terahertz (THz) Technology is divided into Terahertz Imaging, Terahertz Spectroscopy and Terahertz Communication Systems. Terahertz Imaging plays an important role in terahertz technology, with a market share approaching 64.85% in 2018.
In short, the Terahertz (THz) Technology industry will continue to be a relatively fast-growing industry in the coming years. There are many opportunities for sales of terahertz imaging inspections, and more companies will enter the industry, especially in developing countries.
According to this study, over the next five years the Terahertz (THz) Technology market will register a 25.2% CAGR in terms of revenue, the global market size will reach US$ 932 million by 2024, from US$ 302.9 million in 2019. In particular, this report presents the global revenue market share of key companies in Terahertz (THz) Technology business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Brainware Terahertz Information
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
Microtech Instrument Inc
Insight Product
Traycer
BATOP GmbH
Asqella
Market Segment by Type, covers
Terahertz Imaging
Terahertz Spectroscopy
Market Segment by Applications, can be divided into
Laboratory Research
Medical & Healthcare
Military and Homeland Security
Industrial Non-Destructive Testing (NDT)
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Related Information:
North America Terahertz (THz) Technology Market Growth 2019-2024
United States Terahertz (THz) Technology Market Growth 2019-2024
Asia-Pacific Terahertz (THz) Technology Market Growth 2019-2024
Europe Terahertz (THz) Technology Market Growth 2019-2024
EMEA Terahertz (THz) Technology Market Growth 2019-2024
Global Terahertz (THz) Technology Market Growth 2019-2024
China Terahertz (THz) Technology Market Growth 2019-2024
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