The most common usage of terahertz technology is in Terahertz spectroscopy, used predominantly biomedical research owing to its exclusive features, which include the label-free and non-invasive identification and medical imaging of living cells. This technology offers significant advantages and advancements in THz spectroscopy technology, which plays a vital role in blood cell detection, bacterial identification, cancer cell characterization, as well as biological tissue discrimination. The future vision for THz spectroscopy is strongly focusing on the development of label-free, rapid, and convenient biosensors for THz in vivo imaging and point-of-care tests. Despite being a positive growth outlook, the ongoing COVID-19 outbreak is anticipated to affect the global economy negatively and thus affecting the business activities and company revenues in the terahertz technology industry worldwide. The business lockdowns travel bans, event cancellations, and supply chain disruptions in various countries are anticipated to affect the future growth of the global terahertz technology market, especially in the year 2020 and 2021.
Advantest Corporation, Luna Innovations Inc., Menlo Systems GmbH, Terasense Group Inc., Toptica Photonics AG, and das-Nano SL – Prominent Market Participants in Terahertz technology Market
Advantest Corporation, Luna Innovations Inc., Menlo Systems GmbH, Terasense Group Inc., Toptica Photonics AG, and das-Nano SL are some of the key market players operating in the global environmental consulting services market. The listing of key players is derived by considering multiple factors such as overall revenue, current environmental consulting services product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the terahertz technology ecosystems which were studies analyzed during the course of this market research study.
Most of the market initiatives were observed in North America and APAC region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| Apr-2020 | TeraSense announced its new powerful 0.8W and 1.8W waves sources at 94GHz, which is a IMPATT-based generator with its output power between .08 W to 1.8 W. | APAC |
| Mar-2020 | Toptica announced the enhancement in performance of TeraFETs, with the help of TeraScan, the next-generation terahertz detectors. | North America |
