The global terahertz technology market is anticipated to grow at a considerable CAGR of 15.9% during the forecast period. The terahertz wave is an electromagnetic wave with a spectrum ranging between microwave and infrared. It has the advantages of low energy, non-invasive, high resolution, and penetration. Based on these advantages, terahertz is relatively safe for bimolecular and it has been applied in terahertz imaging. These high-frequency radio waves have many unique properties, such as the ability to pass through certain solid materials without the health effects of X-rays. They also enable higher-speed communications or vision systems that help see through foggy and dusty environments. For instance, in November 2020, China launched a satellite for an experiment on (6G) the sixth-generation mobile communication technology in space that uses high-frequency terahertz waves to achieve data-transmission speeds faster than 5G. Terahertz communication is envisioned as a promising wireless technology for 6G, which requires above 100 gigabits per second data rates, and 1-millisecond latency, among other performance metrics. The very large bandwidth available at THz frequencies can alleviate the spectrum scarcity problem while enabling terabytes-per-second transmission speed – over 10 times faster than 5G mobile networks.
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Further, the growing R&D and launches of new and innovative products and devices based on terahertz technology are driving the global terahertz technology market. For instance, in November 2021, Advantest Corp. introduced a high-frequency resolution option for its TAS7400TS terahertz optical sampling analysis system. The new option Features ease of operation and provides a measurement method for high-frequency characteristic evaluation of radio wave absorbers and base materials, which are indispensable for beyond 5G/ 6G next-generation communications technology and millimeter-wave radar technology used in ADAS (advanced driver assistance systems).
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Market Coverage
- Segment Covered-
o By Technology
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Advantest Corporation, Luna Innovations Incorporated, TeraView Limited, TOPTICA Photonics AG, HÜBNER GmbH & Co. KG, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Terahertz Technology Market Report Segment
By Technology
- Terahertz Imaging Systems (Active System, Passive System)
- Terahertz Spectroscopy Systems (Time Domain, Frequency Domain)
- Communication Systems
By End-User
- Medical & Healthcare
- Defense and Security
- Automotive and Aerospace
- Semi-conductor and Electronic
- Telecommunications
- Others
Global Terahertz Technology Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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