Terahertz Technology Market Size Report & Overview 2023-2030

Terahertz Technology Market Forecast to 2030 - Global Analysis by Component (Terahertz Sources and Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication Systems), and Application (Medical and Healthcare, Defense and Security, Food and Agriculture, Industrial, Semiconductor, and Others)

  • Report Code : TIPTE100001364
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 183

Terahertz Technology Market Size Report & Overview 2023-2030

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[Research Report] The terahertz technology market was valued at US$ 461.9 million in 2022 and is expected to reach US$ 3,003.1 million by 2030; it is expected to grow at a CAGR of 26.4% from 2023 to 2030.

 

Terahertz Technology Market - Analyst Perspective:

With the growing technological advancement across various industries, the demand for the implementation of terahertz technology across military & defense, as well as the medical & healthcare sector, is also boosting. The focus of the manufacturers on the development of THz sources, transmission, or reflection, as well as detector technologies, is growing due to the increasing exploration of the “THz gap,” which lies between photonics and electronics. This technology is constantly being utilized in various applications such as chemistry, biomedicine, materials science, security screening, and communication. The exclusive properties of THz radiation are well-suited for medical and healthcare applications, particularly that can stimulate low-frequency molecular vibrations, which include van der Waals or other non-bonded interactions and hydrogen bonds.

Terahertz Technology Market Overview:

The terahertz ranges in the electromagnetic spectrum ranges between the microwaves and infrared spectrum, which comprises a frequency of one million oscillations per second. Due to terahertz technology's exceptional properties, terahertz radiation can be adopted in the coming years as it is a crucial technology. This technology is usually used to detect hidden explosives and 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 by visualizing material flaws in ceramics or plastic in a nondestructive manner. Owing to its low energy characteristics, the terahertz radiation is nonhazardous 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.

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Terahertz Technology Market: Strategic Insights

Terahertz Technology Market
  • CAGR
    CAGR (2022 - 2030)
    26.4%
  • Market Size 2022
    US$ 461.9 Million
  • Market Size 2030
    US$ 3,003.1 Million

Market Dynamics

GROWTH DRIVERS
  • Growing Use of Terahertz System in Semiconductor Industry
FUTURE TRENDS
  • Terahertz Communication for a 6G Future
OPPORTUNITIES
  • Use of Terahertz Technology for Satellite Communication

Key Players

  • Acal BFi UK Ltd
  • Advanced Photonix Inc
  • Advantest Corporation
  • HBNER GmbH Co KG
  • Luna Innovations Inc
  • Menlo Systems GmbH
  • Microtech Instrument Inc
  • Terasense Group Inc
  • Teraview limited
  • Toptica Photonics AG

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentComponent
  • Terahertz Sources and Terahertz Detectors
Market SegmentType
  • Terahertz Imaging Systems
  • Terahertz Spectroscopy Systems
  • Terahertz Communication Systems
Market SegmentApplication
  • Medical and Healthcare
  • Defense and Security
  • Food and Agriculture
  • Industrial
  • Semiconductor
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Terahertz Technology Market Driver:

Growing use of terahertz system in semiconductor industry

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.

The terahertz waves can be used to non-destructively inspect semiconductor wafers for defects, such as cracks, voids, and impurities. This can help to improve the yield of semiconductor manufacturing processes. In October 2022, das-Nano joined AESEMI to optimize the Spanish semiconductor sector. das-Nano has developed the first terahertz-based system named Onyx. It is designed to provide non-destructive, contactless, full-area inspection of 2D materials, thin films, surfaces, and multilayer coatings, from sub-millimeter to m2 level, providing information on a range of electrical parameters in a single measurement and improving the industrialization of research materials, such as graphene and other 2D materials. Such types of applications are driving the adoption of terahertz technology in the semiconductor industry.

Segmental Analysis:

The market for terahertz technology is segmented into component, type, application, and geography. Based on component, the terahertz technology market is segmented into terahertz sources and terahertz detectors. Based on type, the terahertz technology market is divided into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. Based on application, the terahertz technology market is segmented into medical and healthcare, defense and security, food & agriculture, industrial and other. Geographically, the terahertz technology market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

Regional Analysis:

The terahertz technology market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. Presently, North America held the largest share of global terahertz technology market owing to growing number of government regulations favoring the terahertz technology in the region. In 2022, the region contributed ~36% to the overall terahertz technology market. In terms of market share, Europe and APAC held the second and third position respectively in 2022. Europe is crucial market for the future growth of terahertz technology market over the forecast period. The region is characterized with the presence of well-developed nations such as Germany, the UK, and France which drives the adoption of advanced safety solutions based on terahertz technology. In addition to this, the presence of a large number of terahertz technology manufacturers in this region is further contributing to the increased penetration of terahertz technology in this region.

Key Player Analysis:

NTT Electric Co., Advanced Photonix Inc., Advantest Corporation, HÜBNER GmbH & Co. KG, Luna Innovations Inc., Menlo Systems GmbH, Microtech Instrument Inc., Terasense Group Inc., Teraview limited, and Toptica Photonics AG are among the key players that were profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global terahertz technology market and its ecosystem.

Terahertz Technology Market Report Scope

Report Attribute Details
Market size in 2022 US$ 461.9 Million
Market Size by 2030 US$ 3,003.1 Million
Global CAGR (2022 - 2030) 26.4%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Component
  • Terahertz Sources and Terahertz Detectors
By Type
  • Terahertz Imaging Systems
  • Terahertz Spectroscopy Systems
  • Terahertz Communication Systems
By Application
  • Medical and Healthcare
  • Defense and Security
  • Food and Agriculture
  • Industrial
  • Semiconductor
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Acal BFi UK Ltd
  • Advanced Photonix Inc
  • Advantest Corporation
  • HBNER GmbH Co KG
  • Luna Innovations Inc
  • Menlo Systems GmbH
  • Microtech Instrument Inc
  • Terasense Group Inc
  • Teraview limited
  • Toptica Photonics AG
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

 

Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the terahertz technology market. A few recent key market developments are listed below:

  • In 2023, Das-Nano technology was chosen by the Volkswagen Group to measure the layer thickness of its car body coverings. The automobile industry is highly competitive, necessitating the most stringent in-line quality control methods. However, the existing globally utilized quality control methods for measuring automobile body coating thickness have significant shortcomings that have been rectified with modern technology.
  • In 2022, Advantest Corporation announced that its TAS7500 terahertz spectroscopic imaging system received a Laser Industry Award for Excellent Product at the Laser Society of Japan's 14th Industry Awards.
  • In Nov-2021, A collaborative team of scientists from Vienna University of Technology (TU Wien) in Austria, the Institute of Solid State Physics in Russia, and Terasense Group, Inc. in the United States continued their R&D efforts aimed at developing THz Phase waveplates to support the ability to control and shaping terahertz beams.
  • In May-2022, TeraView is thrilled to announce the release of the EOTPR 4500, a purpose-built integrated circuit package inspection machine. The auto prober technology developed by EOTPR 4500 will address the demands of the most modern IC packaging technology by accommodating substrate sizes of up to 150mmx150mm while enhancing probe tip positioning precision to +/- 0.5 m. Using the new auto prober, customers can probe very large chip-let devices with landing contact sizes of less than 5 m, such as copper pillars and TSV tips.
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Component, Type, and Application

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What will be the global market size for terahertz technology market by 2030?

The terahertz technology market is expected to reach US$ 3,003.1 million by 2030.

Which type of terahertz technology dominates the market?

The global terahertz technology market was dominated by the terahertz imaging systems segment with market share of more than 78% in 2022. The terahertz imaging systems are widely used in medical and healthcare sector for various applications such as, enhanced detection of cancer, and offer sharper imaging, and molecular fingerprinting.

Which are the major companies operating in the terahertz technology market?

The major companies in terahertz technology includes Advantest Corporation, Luna Innovations Inc., Menlo Systems GmbH, Terasense Group Inc., and Toptica Photonics AG. The listing of key players is derived by considering multiple factors such as overall revenue, segment revenue, brand image, current terahertz technology product & service portfolio, geographic reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other market-related activities.

What is the incremental growth of the global terahertz technology market during the forecast period?

The incremental growth, expected to be recorded for the terahertz technology market during the forecast period, is US$ 2,420.20 million.

Which region has dominated the terahertz technology market in 2022?

In 2022, North America led the market with a substantial revenue share, followed by Europe and APAC. Asia Pacific is a prospective market for terahertz technology market players.

What is the estimated market size for the terahertz technology market in 2022?

The global terahertz technology market was estimated to be USD 461.9 million in 2022 and is expected to grow at a CAGR of 26.4%, during the forecast period 2023 - 2030.

What are key market opportunities for terahertz technology market?

The use of ionizing radiation (X-rays) is critical for quality control and nondestructive testing because of its detrimental effect on biological agents. It is here that Terahertz imaging technology is beneficial, and there are many examples of the valuable application of THz imaging in the food industry. Instead of using X-ray machines, food manufacturers and packagers can use terahertz food scanners to check, for example, whether a pick-and-place robotic arm has placed all candy bars inside the carton. The THz imagers have no problem seeing through cardboard or PE packaging — individual chocolate bars can be wrapped in any material, even metal-containing foil that is impervious to the THz rays. Metal foil in the THz images would create even better contrast. The increased use of terahertz technology in the food industry is thus one of the significant opportunities for the growth of terahertz technology during the forecast period.

What are key driving factors behind terahertz technology market growth?

Rising demand of terahertz technology from the defense, homeland security, and medical sectors and growing use of terahertz system in semiconductor industry are responsible to drive the penetration of terahertz technology and its different systems. This will in turn continue to drive the market growth.

The List of Companies - Terahertz Technology Market

  1. Acal BFi UK Ltd
  2. Advanced Photonix Inc.
  3. Advantest Corporation
  4. HÜBNER GmbH & Co. KG
  5. Luna Innovations Inc.
  6. Menlo Systems GmbH
  7. Microtech Instrument Inc.
  8. Terasense Group Inc.
  9. Teraview limited
  10. Toptica Photonics AG

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