The China Terahertz (THZ) technology market size was valued at US$ 76.55 Million in 2023 and is expected to reach US$ 318.13 Million by 2031; it is estimated to record a CAGR of 19.5% from 2023 to 2031. The expansion of 6G wireless technology and the increasing use of terahertz technology in satellite communication are likely to remain key trends in the market.
China Terahertz Technology Market Analysis
Terahertz (THz) technology offers immense potential for various industries, including the field of Information and Communication Technologies (ICTs). It enables groundbreaking capabilities in wireless communication, high-speed data processing, and satellite communications. Satellites play a crucial role in numerous communication applications, and there has been a rising interest in satellite networks, opening up new opportunities for navigation, communication, and remote sensing missions. As a result, there is a growing need for innovative approaches to meet the escalating demand for high-speed wireless connections. Additionally, in November 2020, China made a significant achievement in space communication by launching "the world's first 6G experiment satellite." This experimental satellite was designed to verify the terahertz (THz) communication technology in space. The launch of this satellite marks a breakthrough in space communication and opens up new possibilities for future advancements in wireless technology.
China Terahertz Technology Market Industry Overview
Terahertz technology, which operates in the frequency range between microwaves and infrared, offers unique capabilities that make it a valuable technology for various applications. One of its key uses is in security, where it can detect hidden explosives and drugs, as well as identify substances flowing through pipes. Additionally, terahertz technology is effective in non-destructively monitoring layer thickness and detecting material flaws in ceramics and plastic. What sets terahertz technology apart is its low energy characteristics, making it safe for both animals and humans. It can also be integrated into scanning systems using active or passive methods. In the passive method, natural terahertz radiation emitted by the human body is used for scanning. Alternatively, the active method involves the use of artificial terahertz radiation from an external source to create an image by analyzing the wavelength discrepancies in the backscatter. Overall, terahertz technology offers significant potential for enhancing security measures and conducting nondestructive testing in various industries.
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China Terahertz Technology Market: Strategic Insights
China Terahertz Technology Market
-
Market Size 2023
US$ 76.55 Million
-
Market Size 2031
US$ 318.13 Million
Market Dynamics
GROWTH DRIVERS
- Rising Application of Terahertz Technology in Medical Industry,Growing Use of Terahertz Technology in Semiconductor Industry,Growing Applications in Defense and Military
FUTURE TRENDS
- Integration of AI-driven Optimization
OPPORTUNITIES
- Processing Applications of Terahertz Technology in Food Industry,Expansion of Next-Gen 6G Wireless Technology
Regional Overview
- China
Market Segmentation
Component
- Terahertz Detectors
- Terahertz Sources
Application
- Medical and Healthcare
- Defense and Security
- Food and Agriculture
- Industrial
- Semiconductor
Type
- Terahertz Imaging Systems
- Terahertz Spectroscopy Systems
- Terahertz Communication Systems
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China Terahertz Technology Market: Strategic Insights
-
Market Size 2023
US$ 76.55 Million -
Market Size 2031
US$ 318.13 Million
Market Dynamics
- Rising Application of Terahertz Technology in Medical Industry,Growing Use of Terahertz Technology in Semiconductor Industry,Growing Applications in Defense and Military
- Integration of AI-driven Optimization
- Processing Applications of Terahertz Technology in Food Industry,Expansion of Next-Gen 6G Wireless Technology
Regional Overview
- China
Market Segmentation
- Terahertz Detectors
- Terahertz Sources
- Medical and Healthcare
- Defense and Security
- Food and Agriculture
- Industrial
- Semiconductor
- Terahertz Imaging Systems
- Terahertz Spectroscopy Systems
- Terahertz Communication Systems
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
China Terahertz Technology Market Driver and Opportunities
Growing Use of Terahertz Technology in the Semiconductor Industry to Favor Market
The key players operating in the China terahertz technology market are also taking several strategic initiatives to expand their offerings. For instance, in 2023, leading semiconductor test equipment supplier Advantest Corporation announced two new products designed to deliver advanced handling capabilities essential for the fast-growing Artificial Intelligence (AI) And High-Performance Computing (HPC) markets: the HA1200 die-level handler and the active thermal control (ATC) 2-kilowatt (kW) option for the M487x handler series. AI/HPC ICs require 2.5D/3D advanced packaging technologies to provide the high computing power necessary to generate, train and run data-intensive AI models. These ICs generate massive heat due to their high computing power, creating unique testing challenges. The new Advantest products are designed to address these challenges and help contribute to the terahertz market growth. Thus, the rising utilization of terahertz systems in the semiconductor industry drives the China terahertz technology market.
Processing Applications of Terahertz Technology in the Food Industry
In the field of quality control and nondestructive testing, the use of ionizing radiation, such as X-rays, is becoming essential due to its ability to detect and eliminate biological agents effectively. Terahertz imaging offers significant advantages in various industries, including the food sector. Terahertz imaging allows for noninvasive inspection and quality assessment of food products without the need for X-ray machines. One notable application of terahertz imaging in the food industry is its use in food scanning systems. Instead of relying on X-ray machines, food manufacturers and packagers can utilize terahertz food scanners to ensure the accuracy and completeness of packaging processes. For instance, these scanners can verify whether a pick-and-place robotic arm has correctly placed all candy bars inside their respective cartons. The terahertz imagers can penetrate materials such as cardboard or PE packaging, enabling the detection and inspection of individually wrapped chocolate bars, even if they are encased in metal-containing foils that are impervious to terahertz rays. The presence of metal foil can enhance the contrast in the terahertz images, making the inspection process even more effective.
China Terahertz Technology Market Report Segmentation Analysis
The key segments that contributed to the derivation of terahertz technology market analysis are components, applications, and types.
- Based on components, the market is segmented into terahertz detectors and terahertz sources. The terahertz sources segment held the largest share in the China terahertz technology market in 2023.
- Based on application, the market is segmented into medical and healthcare, defense and security, food and agriculture, industrial, semiconductor, and others. The medical and healthcare segment held the largest share in the China terahertz technology market in 2023.
- Key players operating in the terahertz technology space are taking several strategic initiatives to enhance their product offerings. For instance, in August 2023, Luna Innovations Incorporated, a global leader in advanced fiber optic and Terahertz (THz)-based technology, announced that it had won a large, new purchase order for its THz sensing solution for application in automotive electric vehicle (EV) battery production.
China Terahertz Technology Market Share Analysis By Country
The growing focus of market players to increase their corporate presence in China, as well as the expanding focus on 6G infrastructure development, is likely to drive market expansion. For example, in 2023, Menlo System announced the establishment of a branch in China, Shanghai—Menlo Systems Quantum Laser Technology Co., Ltd. Menlo Systems' core product line is optical frequency combs. However, it also offers ultra-stable lasers, terahertz systems, and femtosecond lasers. With this, the company is intended to create a market foothold in the developing photonics market. Furthermore, in February 2024, China Mobile, China's largest telecom operator, launched the first satellite to test 6G architecture in space.
In January 2022, Chinese scientists demonstrated the next-generation terahertz technology that can be used to detect and track hypersonic vehicles, paving the way for new 6G communication applications for hypersonic weapons. The new method, detailed in the Journal of the National University of Defence method, may overcome a few blackout issues that arise when attempting to communicate with missiles or space objects flying at five times the speed of sound or faster. Thus, such innovations in terahertz technology are projected to drive the China terahertz technology market growth during the forecast period.
China Terahertz Technology Market Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 76.55 Million
Market Size by 2031
US$ 318.13 Million
Global CAGR (2023 - 2031)
19.5%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Component - Terahertz Detectors
- Terahertz Sources
By Application - Medical and Healthcare
- Defense and Security
- Food and Agriculture
- Industrial
- Semiconductor
By Type - Terahertz Imaging Systems
- Terahertz Spectroscopy Systems
- Terahertz Communication Systems
Regions and Countries Covered
China- China
Market leaders and key company profiles
Quenda Terahertz Technology Co., Ltd. Nuctech Company Ltd Advanced Photonics Advantest Corporation Luna Innovations Inc. Menlo Systems Canon Inc. Horiba Terasense Group Toptica Group
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 76.55 Million |
Market Size by 2031 | US$ 318.13 Million |
Global CAGR (2023 - 2031) | 19.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | China
|
Market leaders and key company profiles |
China Terahertz Technology Market News and Recent Developments
The terahertz technology market has been evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the China terahertz technology market are listed below:
- Advantest Corporation has designed two new products to deliver advanced handling capabilities essential for the fast-growing artificial intelligence (AI) and high-performance computing (HPC) markets: the HA1200 die-level handler and the active thermal control (ATC) 2-kilowatt (kW) option for the M487x handler series. AI/HPC ICs require 2.5D/3D advanced packaging technologies to provide the high computing power necessary to generate, train and run data-intensive AI models. These ICs generate massive heat due to their high computing power, creating unique testing challenges. The new Advantest products are designed to address these challenges and help contribute to the AI/HPC market growth. (Source: HDI Global, Press Release, March 2024)
China Terahertz Technology Market Report Coverage & Deliverables
The terahertz technology market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "China Terahertz Technology Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Terahertz technology market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Terahertz technology market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Terahertz technology market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the terahertz technology market
- Detailed company profiles.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The China terahertz technology market is expected to reach US$ 318.13 million by 2031.
The terahertz sources segment led the China terahertz technology market with a significant share in 2023.
The integration of AI driven optimization is expected to drive the growth of the China terahertz technology market in the coming years.
The China terahertz technology market valued at US$ 76.55 million in 2023.
The rising application in the medical sector, along with the growing usage in the semiconductor industry, are driving factors in the China terahertz technology market.
The key players holding majority shares in the China terahertz technology market include Canon Inc., Luna Innovations Inc., Menlo Systems, Toptica Group, and Horiba.
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The List of Companies - China Terahertz Technology Market
- Quenda Terahertz Technology Co., Ltd.
- Nuctech Company Ltd
- Advanced Photonics
- Advantest Corporation
- Luna Innovations Inc.
- Menlo Systems
- Canon Inc.
- Horiba
- Terasense Group
- Toptica Group