Global Terahertz Components and Systems Market | Industry Growth, Competitive Analysis and Future Prospects

The terahertz regime is compressed between infrared and microwaves, bridging the gap between optics and electronics. Electromagnetic waves with frequencies range between 100 GHz and 10 THz is primarily refers to as terahertz technology. Growing application of terahertz technology for material and equipment inspection, medical imaging, industrial process control management and research laboratories is anticipated to accelerate the growth of the terahertz components and systems market across different regions globally. X ray scanners, security systems, luggage scanners and complex medical imaging systems are some of the key application area of terahertz technologies. With the increasing research activities, the application of terahertz systems are expanding to space aircrafts and aerospace systems.

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Increasing application of terahertz technology in nondestructive testing for biomedical and pharmaceutical materials drives the growth of terahertz components and systems market:

Increasing application of terahertz technology for characterization and thickness mapping of ceramic, dielectric and composite materials is one of the major driving factor for the market. Terahertz technology primarily characterizes micro-structure variation in dielectric materials without causing any damage. Growing prevalence of chronic dieses like cancer and other skin related problems demand advanced technology based devices for better and quick detection for fast recovery.

The growing government initiatives towards security in high alert zones like airports, railway stations and metro stations along with growing concern towards homeland security is also anticipated to drive the global market over the forecast period. The available terahertz devices are expensive and bulky which may hinder the growth of the market in near future.

Increasing technological advancement in the food industry along with growing concern towards food quality is boosting the market for terahertz components and systems globally. Moreover, solar industry and homeland security are some of the prime application areas of terahertz technology which is anticipated to have positive impact on the market over the forecast period.

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