Terahertz Technology Market Analysis By Industry Size, Share, Revenue Growth and Demand Forecast To 2031

The global terahertz technology market is anticipated to grow at a considerable CAGR of 15.9% during the forecast period. The terahertz wave is an electromagnetic wave with a spectrum ranging between microwave and infrared. It has the advantages of low energy, non-invasive, high resolution, and penetration. Based on these advantages, terahertz is relatively safe for bimolecular and it has been applied in terahertz imaging. These high-frequency radio waves have many unique properties, such as the ability to pass through certain solid materials without the health effects of X-rays. They also enable higher-speed communications or vision systems that help see through foggy and dusty environments. For instance, in November 2020, China launched a satellite for an experiment on (6G) the sixth-generation mobile communication technology in space that uses high-frequency terahertz waves to achieve data-transmission speeds faster than 5G. Terahertz communication is envisioned as a promising wireless technology for 6G, which requires above 100 gigabits per second data rates, and 1-millisecond latency, among other performance metrics. The very large bandwidth available at THz frequencies can alleviate the spectrum scarcity problem while enabling terabytes-per-second transmission speed - over 10 times faster than 5G mobile networks.

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Further, the growing R&D and launches of new and innovative products and devices based on terahertz technology are driving the global terahertz technology market. For instance, in November 2021, Advantest Corp. introduced a high-frequency resolution option for its TAS7400TS terahertz optical sampling analysis system. The new option Features ease of operation and provides a measurement method for high-frequency characteristic evaluation of radio wave absorbers and base materials, which are indispensable for beyond 5G/ 6G next-generation communications technology and millimeter-wave radar technology used in ADAS (advanced driver assistance systems).

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Market Coverage

Segment Covered-
o By Technology

o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including Advantest Corporation, Luna Innovations Incorporated, TeraView Limited, TOPTICA Photonics AG, HÜBNER GmbH & Co. KG, and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Terahertz Technology Market Report Segment

By Technology

Terahertz Imaging Systems (Active System, Passive System)
Terahertz Spectroscopy Systems (Time Domain, Frequency Domain)
Communication Systems

By End-User

Medical & Healthcare
Defense and Security
Automotive and Aerospace
Semi-conductor and Electronic
Telecommunications
Others

Global Terahertz Technology Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East & Africa

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