Terahertz Radiation Systems: Technologies and Global Markets

Report Code: IAS029G

Publish Date: Jul 2023

Publisher: BCC Publishing

Category: Instruments

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Report Highlights

The global terahertz (THz) radiation systems market should reach $1.9 billion by 2028 from $795.7 million in 2023 at a compound annual growth rate (CAGR) of 18.9% for the forecast period of 2023 to 2028.

Report Includes

  • 55 tables and 80 additional tables
  • Detailed overview and an up-to-date analysis of the global markets for terahertz (THz) radiation systems and related technologies
  • Analyses of the global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
  • Discussion of the major growth drivers, industry-specific challenges, regulatory aspects, and technology advancements that will shape the market for terahertz radiation systems as a basis for projecting demand in the next few years (2023-2028)
  • Estimation of the actual market size and revenue forecast for global THz radiation systems market, and corresponding market share analysis based on the type of technology, application, and region
  • Assessment of the technological process that has been made toward bridging the terahertz gap and assessing the commercial potential of THz radiation devices over the analysis period
  • Characterization and quantification of the market potential for each short-listed THz technology, by application, and identifying the main prerequisites (that are still under development) for commercial success
  • Identification of THz applications that are most likely to achieve significant commercial sales by 2028
  • Review of key patent grants on terahertz radiation systems and related technologies by each major category, and new and emerging developments in the global market
  • Descriptive company profiles of the leading global players of the industry, including Advantest Corp., Bruker Corp., EMCORE Corp., Northrop Grumman Corp. and Thruvision Ltd.

Report Scope

In this report, the market has been segmented based on type, application, and geography. The report provides an overview of the global THz radiation systems market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for 2023-2028. Market values have been estimated based on the triangulation method using parameters such as total revenue of THz radiation systems providers, primary interview results, and secondary white paper information.

The report covers the market for THz radiation systems with regard to the end-user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for THz radiation systems in 2022 and provides projections for the expected market size through 2028.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $622.9 million
Market size forecast $1.9 billion
Growth rate CAGR of 18.9%
Units considered $ Millions
Segments covered By type, application, and region
Regions covered North America, Europe, Asia-Pacific, South America, and Rest of the World (ROW)
Countries covered U.S., Canada, Mexico, U.K., Germany, France, Rest of Europe, China, Japan, India, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, RoW (Middle East and Africa)
Key Market Drivers
  • Increase in Number of Manufacturing Companies in Emerging Economies
  • Rise in Demand for Compact and Energy-Efficient Transceivers
  • Growth in Precise Security and Defense Systems
Companies studied
AB MILLIMETREADVANTEST CORP.
AGILTRON INC.ALPES LASERS SA
APPLIED RESEARCH & PHOTONICS INC.BECKER PHOTONIK GMBH
BRIDGE12 TECHNOLOGIES INC.BROADBAND INC.
BRUKER CORP.CANON INC.
COHERENT CORP.EMCORE CORP.
GENTEC ELECTRO-OPTICS INC.INNOVATIVE PHOTONIC SOLUTIONS INC.
INSIGHT PRODUCT CO.LONGWAVE PHOTONICS LLC.
M SQUARED LASERS LTD.MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC.
MENLO SYSTEMS GMBHMICROTECH INSTRUMENTS INC.
NORTHROP GRUMMANNP PHOTONICS
OPHIR OPTRONICS SOLUTIONS LTD.QMC INSTRUMENTS LTD.
SCIENCETECH INC.TELEDYNE TECHNOLOGIES INC.
TERATERAPHYSICS CORP.
TERASENSE GROUP INC.TERAVIEW LTD.
THRUVISION LTD.TOPTICA PHOTONICS AG
VIRGINIA DIODES INC.
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Frequently Asked Questions (FAQs)

Projected market size of THz radiation systems is $1.9 billion by 2028, and the growth rate is 18.9%.
Key factors driving the THz radiation systems market include increase in the number of manufacturing companies in the emerging economies, rise in demand for compact and energy efficient transceiver, and growth in precise security and defence systems.
Types and application are segments covered in the THz radiation systems market.
By type, THz imaging system will dominate the market by the end of 2028.
North America region has the highest market share in the THz radiation systems market.
Ab Millimetre, Canon Inc., Coherent Inc., Broadband Inc., Emcore Corp., MicroTech Instruments Inc., and so on are the key companies/players in the THz radiation systems market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

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 Markets236Free
Chapter- 1: Introduction10Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Terahertz Radiation Systems: Market Overview36Free
Chapter- 4: Market Dynamic5Free
Chapter- 5: Market Breakdown by Type37Free
Chapter- 6: Market Breakdown by Application37Free
Chapter- 7: Market Breakdown by Region27Free
Chapter- 8: Funding Outlook3Free
Chapter- 9: Patent Analysis12Free
Chapter- 10: Competitive Landscape6Free
Chapter- 11: Company Profiles60Free
Published - Aug-2019| Analyst - Andrew McWilliams| Code - IAS029F

Report Highlights

The global market for terahertz (THz) radiation devices and systems totaled $58.2 million in 2018. The market should reach $908.6 million in 2024 and $3.5 billion by 2029, growing at compound annual growth rates (CAGRs) of 72.7% and 31.1% from 2019 to 2024 and 2024 to 2029, respectively.

Report Includes

  • 42 tables
  • An overview of the global market for terahertz (THz) radiation devices and systems
  • Analyses of global market trends with data from 2018, estimates for 2019, projections for 2024, potentials for 2029, and compound annual growth rates (CAGRs) through 2029
  • Assessment of the technological process that has been made toward bridging the terahertz gap and assessing the commercial potential of THz radiation devices over the next ten years
  • Quantification of the potential market for each short-listed THz technology, by application, and identifying the main prerequisites (that are still under development) for commercial success
  • Identification of THz applications that are most likely to achieve significant commercial sales by 2029
  • Historical milestones in detail for the development of THz radiation devices
  • A relevant patent analysis covering terahertz radiation technologies, applications and end uses
  • Profiles of major companies producing THz radiation-based products; Key entities including BAE Systems plc, Lockheed Martin Space Systems, M Squared Lasers Ltd., Northrop Grumman Corp., QMC Instruments Ltd., and ThruVision Group plc
Published - Jun-2017| Analyst - Andrew McWilliams| Code - IAS029E

Report Highlights

The global market for terahertz radiation devices and systems reached $56.4 million in 2016. This market is expected to increase from $57.3 million in 2017 to $335.1 million in 2022 and $1.3 billion in 2027 at a compound annual growth rate (CAGR) of 42.4% for 2017-2022.

Report Includes

  • An overview of the global market for terahertz radiation (THz) systems.
  • Analyses of global market trends, with data from 2016, estimates for 2017, 2022 and 2027 and projections of compound annual growth rates (CAGRs) through 2027.
  • Identification of the classes of devices, including imaging devices, spectroscopes, other sensors, communications devices, and computing devices.
  • Examination of general properties of THz radiation.
  • Historical milestones in the development of THz radiation devices.
  • Discussion of emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2027.
  • Assessments of promising THz applications in the context of user needs and competing technologies.
  • Industry structure.
  • Patent analysis.
Published - Jun-2015| Analyst - Andrew McWilliams| Code - IAS029D

Report Highlights

The global market for terahertz radiation devices and systems reached $53.4 million and $54.7 million in 2013 and 2014, respectively. This market is forecasted to grow at a compound annual growth rate (CAGR) of 40.4% to reach $298.5 million in 2019 and is also forecasted to reach $1.2 billion in 2024 at a CAGR of 32.3%.

Report Includes

  • An overview of the global market for terahertz radiation (THz) systems.
  • Analyses of global market trends, with data from 2013 and 2014, and projections of compound annual growth rates (CAGRs) through 2019 and 2024.
  • Identification of the classes of devices, including imaging devices, spectroscopes, other sensors, communications devices, and computing devices.
  • Examination of general properties of THz radiation.
  • Historical milestones in the development of THz radiation devices.
  • Discussion of emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2019.
  • Assessments of promising THz applications in the context of user needs and competing technologies.
  • Industry structure.
  • Patent analysis.
Published - Jul-2013| Analyst - Andrew McWilliams| Code - IAS029C

Report Highlights

BCC estimates the total market for THz systems was valued at $50.2 million in 2012. The market should increase slightly by the end of 2013 to $51.3 million. The development of new commercial THz applications should push the market to $195.3 million in 2018.  The diversification of the THz market is expected to accelerate after 2018, and the total market should exceed $942 million by 2023.

Report Includes

  • An overview of the global market for terahertz radiation (THz) systems
  • Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018
  • Identification of the classes of devices, including imaging devices, spectroscopes, other sensors, communications devices, and computing devices
  • Examination of general properties of THz radiation
  • Historical milestones in the development of THz radiation devices
  • Discussion of emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2018
  • Assessments of promising THz applications in the context of user needs and competing technologies
  • Industry structure
  • Patent analysis
  • Comprehensive company profiles of major players.
Published - Mar-2012| Analyst - Andrew McWilliams| Code - IAS029B

Report Highlights

BCC estimates the market for terahertz (THz) radiation devices totaled $83.7 million in 2011. This market will grow to $127 million in 2016. The diversification of the THz market is expected to accelerate after 2016, and the total market should reach $570 million by 2021, a compounded annual growth rate (CAGR) of 35% from 2016 to 2021.

Published - Nov-2008| Analyst - Andrew McWilliams| Code - IAS029A

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%.

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Terahertz Radiation Systems: Technologies and Global Markets
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