Asia Pacific Terahertz Technology Market to Grow at a CAGR of 29.7% to reach US$ 512.02 million by 2028 Million from 2021 to 2028

The Asia Pacific terahertz technology market is expected to grow from US$ 83.09 million in 2021 to US$ 512.02 million by 2028; it is estimated to grow at a CAGR of 29.7% from 2021 to 2028.

The terahertz ranges in the electromagnetic spectrum ranges between the microwaves and infrared spectrum, which comprises of the frequency of one million oscillations per second. Due to terahertz technology's exceptional properties, the terahertz radiation plays a crucial technology to be adopted in the future. This technology is usually used to detect hidden explosives, drugs as well as can recognize which substances are flowing from the plastic pipe. The terahertz technology is proficient enough to monitor the layer thickness with visualizing material flaws in ceramics or plastic in a non-destructive manner. Owing to its low energy characteristics, the terahertz radiation is non-hazardous for animals as well as humans. The terahertz technology is usually integrated with scanners based on active and passive methods. In a passive method, the scanning is constrained to the natural terahertz radiation, which is emitted through the human body. Similarly, the active method integrates an additional artificial radiation source through terahertz radiation. Thus, the system uses the discrepancy in the wavelength from the backscatter to recreate an image.

In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of business activities, including terahertz technology development activities. Due to the COVID-19 outbreak, the terahertz technology product & solution manufacturing and procurement activities have seen a sharp decline with multiple projects on hold and the unavailability of laborers due to movement restrictions in various countries. Furthermore, due to the corporate tax cuts and the decrease in the overall economic strength in India, the cutoff of the Chinese manufacturers can be advantageous for India's economic growth. The governments of this region are taking drastic measures to reduce the effects of the COVID-19 outbreak by announcing lockdowns, travel and trade bans. All these measures are expected to have a negative impact on the demand for terahertz technology in this region.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific terahertz technology market. The semiconductor is one of the prominent industries in all types of industries. With the growing industrial sector, self-driving vehicles, and consumer electronics, the production of semiconductors is also booming at an exponential rate. With increasing semiconductor production, the adoption of advanced technologies such as terahertz also holds a significant position. Semiconductor packaging inspection; non-destructive fault isolation of packaging systems, fault isolation & defect detection for the microelectronics; wireless communication; semiconductor chips used in communications and mobile computing; transmitters & receivers; and wiring quality of semiconductor packages including wafer-level packages, Flip Chip BGA, and 2.5D/3D ICs are some of the application areas where terahertz is utilized. Also, the application of the terahertz system in semiconductor manufacturing is becoming appealing to composite materials, solar cells, dielectric film, and polymer films. The semiconductor industry using terahertz provides a large potential market for growth; this technology and system is ideal to evaluate epitaxial wafers and interconnects in the packaged chips.

Asia Pacific Terahertz Technology Market Segmentation

• Asia Pacific Terahertz Technology Market – By Component
  • Terahertz Sources
  • Terahertz Detectors
• Asia Pacific Terahertz Technology Market – By Type
  • Terahertz Imaging Systems
  • Terahertz Spectroscopy System
  • Terahertz Communication System
• Asia Pacific Terahertz Technology Market – By Application
  • Medical and Healthcare
  • Defense and Security
  • Food and Agriculture
  • Industrial
  • Semiconductor
  • Others
• Asia Pacific Terahertz Technology Market – By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Terahertz Technology Report Scope