Terahertz Radiation Systems: Technologies and Global Markets

Published - Jul 2013| Analyst - Andrew McWilliams| Code - IAS029C
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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.

Report Scope

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 2023.
  • Detailed market estimates and projections for each technology and application during the period 2013 to 2018
  • General assessment of expected market trends in the longer term (2018 to 2023).
  • Industry structure.
  • Patent analysis.

Analyst Credentials

Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.

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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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