Terahertz Radiation Systems: Technologies and Global Markets

Report Code: IAS029A

Publish Date: Nov 2008

Publisher: BCC Publishing

Category: Instrumentation and Sensors

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Report Highlights

  • The global market for THz radiation devices and systems was worth an estimated $77.2 million in 2008. This is expected to decrease slightly to $63.2 million in 2013, but then to increase to $521.4 million in 2018, for a compound annual growth rate (CAGR) of 52.5%.
  • Imaging systems generated an estimated $71.8 million in 2008. This is expected to decrease in 2013 and reach $206.7 million in 2018, for a CAGR of 37.2%.
  • Spectroscopy systems were worth an estimated $5.4 million in 2008. This should increase to $7.7 million in 2013, for a CAGR of 7.4%.

INTRODUCTION

STUDY BACKGROUND
 
Over the last 100 years, physicists and engineers have progressively learned to exploit new areas of the electromagnetic spectrum. Starting with visible light, they have developed technologies for generating and detecting radiation at both higher and lower frequencies.
 
Sandwiched between the optical on the short wavelength side and radio on the long wavelength extreme, the terahertz (THz) frequency range (also called the far infrared or sub-millimeter-wave region) has been the least explored and developed portion of the electromagnetic spectrum. The potential usefulness of THz radiation, with its ability to penetrate a wide range of non-conducting materials, has been known for a long time. The first images generated using THz radiation date from as far back as the 1960s.
 
However, practical applications of THz radiation have been longer in coming, due to the so-called “terahertz gap.” The terahertz gap refers to the technologies needed to generate, channel, and detect THz radiation subject to real-world constraints such as size, cost, and operating temperatures. Recent developments in THz ration sources, detectors, and waveguides have started to close the terahertz gap, opening up a range of potential applications in transportation security, medical imaging, non-destructive testing, and other fields. 
 
STUDY GOALS AND OBJECTIVES
 
The overall goals of this report include assessing the technological process that has been made towards bridging the terahertz gap and assessing the commercial potential of THz radiation devices over the next 5 to 10 years. Specific objectives include: 
  • Identifying the THz applications that are most likely to achieve significant commercial sales by 2018.
  • Assessing any remaining barriers to their commercialization, and develop quantitative estimates of potential sales.
  • Analyzing promising THz applications in the context of user needs and competing technologies.
  • Developing quantitative market projections through 2018.
  • Identifying companies that are well positioned to profit from these trends.
INTENDED AUDIENCE
 
This report is intended especially for marketing executives, entrepreneurs, investors, venture capitalists and other readers with a need to know where the emerging market for THz radiation devices is headed over the next 10 years. Although the report is organized around specific technologies, it is largely non-technical in nature and coverage. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase, and at what price. 
 
The report has not been written specifically for scientists and technologists. However, the report’s findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications should interest them as well.
 
SCOPE OF REPORT
 
The report addresses the emerging global market for THz radiation devices, including the classes of devices listed below. 
  • Imaging devices
  • Spectroscopes
  • Other sensors
  • Communications devices
  • Computing devices
The study format includes the following major elements: 
  • Executive summary
  • Definitions
  • General properties of THz radiation
  • Historical milestones in the development of THz radiation devices
  • Emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2018
  • Detailed market estimates and projections for each technology and application during the period 2007 to 2013
  • General assessment of expected market trends in the longer term (2014 to 2018)
  • Industry structure
  • Patent analysis
INFORMATION SOURCES AND METHODOLOGY
 
Projecting the market for emerging technologies, whose commercial potential has not yet been proven, is a challenging task. This is nowhere truer than the THz radiation field, which may help to explain why many analysts focus on supply-side technology assessments. 
 
However, BCC’s objective in this report is to provide not just a technology assessment, but also an initial commercial assessment of the potential commercial market for THz devices. To accomplish this objective, BCC used a multiphase approach to identify the technologies with the greatest commercial potential and quantify the related markets.
 
In the first phase of the analysis, BCC identified a long list of THz technologies and applications, including those that are still under development. In the second phase, BCC eliminated those applications that appear to have little likelihood of making it into commercial use in the next 5 to 10 years, through a literature review and interviews with industry sources. The result of phase two was a short list of THz technologies with the greatest commercial potential over the time period covered by this report.
 
The third phase focused on quantifying the potential market for each short-listed THz technology, by application, and identifying the main prerequisites for commercial success. Phase three actually had two phases: 1) development of near to mid-term (2008 to 2013) projections and 2) development of longer-term (2014 to 2018) projections. 
 
The development of such long-term projections is a departure from the usual BCC report format, necessitated by the long time frame for commercialization of many of the technologies analyzed in this report. Obviously, the projections for the out-years beyond 2014 are more tentative than the projections for 2008 to 2013. 
 
The specific assumptions and approach BCC used to develop the projections (both near/mid-term and long term) for each THz technology and application are documented in detail under the various segments addressed. This way, readers can see how the market estimates were developed and, if they so desire, test the impact on the final numbers of changing the underlying assumptions.
 
One of the approaches used by BCC deserves special mention here. Particularly in the case of THz applications that are still under development, BCC used the sales performance of non-THz application that share some of the same functions or other characteristics with the respective THz applications as a benchmark for assessing the latter’s sales potential.
 
ANALYST CREDENTIALS
 
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel, LLC. He is the author of a number of other BCC Research market opportunity reports on emerging technologies, including the following: Metamaterials: Technologies and Global Markets; Smart and Interactive Textiles; Superconductors: Technologies and Global Markets; Enabling Technologies for High-Performance Computing; Printed Electronics: The Global Market; and Nanotechnology: A Realistic Market Assessment.
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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Terahertz Radiation Systems: Technologies and Global Markets150Free
Chapter- 1: INTRODUCTION5Free
Chapter- 2: EXECUTIVE SUMMARY3Free
Chapter- 3: OVERVIEW26Free
Chapter- 4: THZ IMAGING SYSTEMS: TECHNOLOGIES, APPLICATIONS, AND MARKETS, 2007–201829Free
Chapter- 5: TERAHERTZ SPECTROSCOPES: TECHNOLOGIES, APPLICATIONS, AND MARKETS, 2007–20187Free
Chapter- 6: TERAHERTZ SENSORS: TECHNOLOGIES, APPLICATIONS, AND MARKETS, 2007–201810Free
Chapter- 7: TERAHERTZ COMMUNICATION SYSTEMS: TECHNOLOGIES, APPLICATIONS, AND MARKETS, 2007–201813Free
Chapter- 8: TERAHERTZ COMPUTING: TECHNOLOGIES, APPLICATIONS, AND MARKETS, 2007–20183Free
Chapter- 9: INDUSTRY STRUCTURE6Free
Chapter- 10: GOVERNMENT-SPONSORED THZ RESEARCH PROGRAMS11Free
Chapter- 11: PATENT ANALYSIS8Free
Chapter- 12: APPENDIX A: COMPANY PROFILES19Free
Chapter- 13: APPENDIX B: THZ RESEARCH PROGRAMS10Free

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This is an Excel-only version of the report.

Report Includes

    Total Number of Tables in this Report: 39

  • Summary Table: GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS, BY TYPE OF SYSTEM, THROUGH 2018
  • Table 1: POTENTIAL END USES AND APPLICATIONS OF THZ RADIATION
  • Table 2: MARKET FOR THZ SYSTEMS BY END-USER SEGMENT, THROUGH 2018
  • Table 3: COMPANIES THAT MANUFACTURE OR ARE DEVELOPING TERAHERTZ IMAGING DEVICES
  • Table 4: POTENTIAL THZ IMAGING END USES AND APPLICATIONS
  • Table 5: THZ NON-DESTRUCTIVE TESTING APPLICATIONS
  • Table 6: MARKET FOR THZ IMAGING BY END USE, THROUGH 2018
  • Table 7: GLOBAL MARKET FOR TERAHERTZ AND OTHER AIRPORT SECURITY SCREENING EQUIPMENT, THROUGH 2018
  • Table 8: GLOBAL MARKET FOR TERAHERTZ IMAGING DEVICES FOR HEALTH CARE APPLICATIONS, THROUGH 2018
  • Table 9: GLOBAL MARKET FOR TERAHERTZ MEDICAL IMAGING APPLICATIONS, 2007-2018
  • Table 10: GLOBAL MARKET FOR INTRAOPERATIVE IMAGING EQUIMENT, THROUGH 2018
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