Terahertz Radiation Systems: Technologies and Global Markets
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.
The report addresses the emerging global market for THz radiation devices, including the classes of devices listed below.
- Imaging devices.
- Other sensors.
- Communications devices.
- Computing devices.
The study format includes the following major elements:
- Executive summary.
- 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 2016.
- Detailed market estimates and projections for each technology and application during the period 2010 to 2016.
- General assessment of expected market trends in the longer term (2016 to 2021).
- Industry structure.
- Patent analysis.
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.
- 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%.