July 03, 2017
Wellesley, Mass., Jul 3, 2017 – A new BCC Research report explores the spectrum of Terahertz range – radiation that exist between short-wave optical light and longer-wave radio waves. Recognized since the 1960s, these segments of the electromagnetic spectrum are starting to yield new applications, detailed in Terahertz Radiation Systems: Technologies and Global Markets. In 2014, the primary uses for terahertz technologies were in space satellites and probes but new markets are emerging.
Terahertz waves are safer to humans than X-rays, with limited range but the ability to penetrate clothing, wood, paper and other solid materials. An estimated $56.4 million annual market for these devices in 2016 and calculated to grow to $335.1 million by 2022 and reach $1.3 billion by 2027. Much of that growth depends on commercialization of new technologies that are still finding audiences, according to BCC Research.
One estimate is that terahertz computing is 10 years away, with devices that use terahertz waves instead of electricity to transmit data. Currently, radio waves and fiber optic light cables are used to build networks and requiring ever-increasing electrical power.
"Terahertz spectrum has been overlooked while more commercial use of radio, television, computing and other networking was the focus. It’s inevitable that more speed, more bandwidth and new demands will lead to a new set of advanced technologies,” says Kevin Fitzgerald, senior editor atBCC Research. "It’s happening all over the globe – with research moving forward in a diverse range of specialties.”
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at email@example.com.
Terahertz Radiation Systems: Technologies and Global Markets( IAS029E )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.