Your payment is in progress...

Terahertz Technologies Market - Growth, Trends, COVID-19 Impact, And Forecasts (2022 - 2027)

Published on: Feb 2022 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 100

The terahertz technologies market registered a CAGR of over 30.47% during the forecast period, 2022-2027. The growing number of applications of the technology in security applications has been the primary driving force for the growth of the market in the recent past. There has been a significant rise in the number of manufacturing companies in the developing countries, creating a huge demand for precise security systems, thus driving the growth of the terahertz technologies market.

- Security concerns have been a major issue across the entire world. The governments and private enterprises, as a whole, have invested massive amounts of money, owing to growing terrorist activity around the world. Security checks and surveillance have been the areas of concern in airports and other security critical places where there is a potential risk of terrorist attacks.
- The cost complications associated with the installation of the technology in the different applications has been another major factor influencing the decision-making process of the end users. Disruptive technologies in some sectors can face the barriers of customer skepticism and resistance from incumbents already selling into these areas.

Key Market Trends

Defense and Security is Expected to Register a Significant Growth

Companies are currently collaborating with this defense and security industry to develop sophisticated devices to detect threats. The ability to detect different types of materials, including non-metallic substances, is helping the security sector handle threats. Handheld scanners are being deployed in airports and other public spaces for security screening. The technology is also being deployed for package scanning in airports. Growing terrorist threats around the world and increasing criminal activities are driving investments in many countries to establish security infrastructure. This is expected to aid the growth of terahertz technology in the coming years.

With increasing innovations and better imaging capabilities, security organizations are investing in upgraded devices for better performance. Increasing utilization of plastic and new chemical & biological weapons by criminals is creating the need to use terahertz devices. Also, increased safety provided by the technology gives it a considerable advantage over existing X-ray scanners and detectors. The cost of the technology is expected to fall over the coming years, owing to the high demand from the market. Thus, the adoption is expected to further grow due to emerging countries looking to upgrade security. Overall, the technology is expected to see a huge demand in the coming years, in turn, driving the market’s growth.

North America is Expected to have the Largest Market Share

North America, being the largest market for technology-based solutions, is expected to be a strong player in the global economy, especially in the development and implementation of new technologies. Owing to terahertz being a new technology and North America being one of the earliest adopters, the market for this technology is the largest in the region. Increase in the production of helicopters and commercial aircrafts in the United States is also expected to drive the market for terahertz technology in this region. The huge aerospace industry of the United States exports more than 60% of all aerospace production.

Competitive Landscape

The terahertz technology market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on terahertz technologies to strengthen their product capabilities. In March 2017, Luna Innovations Incorporated announced its Picometrix division, which entered into a Vendor Managed Inventory Agreement with the Chinese leading telecommunications equipment and network solutions provider. The agreement integrated Picometrix closely into the customer’s supply chain and manufacturing processes. Under the agreement, Picometrix is expected to maintain a dedicated inventory of 100G integrated coherent receivers and other future approved products, which its customer can draw into manufacturing on a “just-in-time” basis in Hong Kong.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Demand in the Medical Sector, and Non Destructive Testing Applications
4.3.2 Holistic Approach to Security through the Usage of Terahertz Technology
4.4 Market Restraints
4.4.1 Lack of Awareness of the Technology in the Market
4.4.2 Lacking the Device Infrastructure to Support the Adoption of Terahertz Technology
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5.1 Geography
5.1.1 North America United States Canada
5.1.2 Europe United Kingdom Germany France Spain Rest of Europe
5.1.3 Asia Pacific China Japan India South Korea Rest of Asia-Pacific
5.1.4 Rest of the World Latin America Middle-East & Africa
5.2 By Type Of Technology
5.2.1 Terahertz Imaging Systems Active System Passive System
5.2.2 Terahertz Spectroscopy Systems Time Domain Frequency Domain
5.2.3 Communication Systems
5.3 By End User
5.3.1 Healthcare
5.3.2 Defense and Security
5.3.3 Telecommunications
5.3.4 Industrial
5.3.5 Food and Agriculture
5.3.6 Laboratories
5.3.7 Other End Users

6.1 Company Profiles
6.1.1 Luna Innovations
6.1.2 Digital Barriers PLC
6.1.3 TeraView Limited
6.1.4 TOPTICA Photonics AG
6.1.5 HÜBNER GmbH & Co. KG
6.1.6 Advantest Corporation
6.1.7 Traycer Diagnostics Systems Inc.
6.1.8 Terasense Group Inc.
6.1.9 Microtech Instrument Inc.
6.1.10 Menlo Systems GmbH
6.1.11 Gentec Electro-optics Inc.
6.1.12 Bakman Technologies



Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

The market engineered data is verified and validated by a number of experts, both in-house and external.

After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.


Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research.

The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.

The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage.

Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more.

These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.

Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website). There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Any person who has the capacity to make decisions for the business must buy the reports. These reports help management in decision making process. Market research helps person to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps person to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.
Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps person in the decision-making process of planning and implementing strategies for their markets.

The generation of research report is concerned by most clients when purchasing it. Following general steps are taken for generating reports.
1. Choose a topic.
2. Make skeleton catalogue.
3. Fill content. As for report content, there are two main information source, Primary and Secondary data collection. Secondary data collectionrefers to information searched from the Internet or data bought from database. Primary data collection refers to information concluded from telephone interview, face-to-face interview, expert’s interview, meeting etc.
4. Audit the report
5. Publish the report.

With regard to information cost, information searching costs the least, database support the second least, and telephone interview the third least. Face-face interview cost higher, in-depth interview much higher and expert interview the highest. A research may adopt all of these approaches, or just some of them.
In general, a good-quality research report needs 1-3 months to be finished. Time and method varies according to different Publishers. Thus, it’s difficult to define an exact procedure or process of making research report. Both time and cost vary. However, specialization has become a basic industry standard. Professional and dedicated products will be more and more popular.
MarketInsightsReports has focused on various fields such as Life Science, IT, Telecommunication, Food& Beverages, Energy & Power, Automotive & Transportation, Materials& Chemicals, Financial Services and many more. These market research reports are available for all regions around the globe.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website).

There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Please Choose License Type

USD $4250
USD $4750
USD $6000
USD $7500

Why Us

  • Why Us In-depth database
    Our Report’s database covers almost all topics of all regions over the Globe..
  • Recognised publishing sources Recognised publishing sources
    Tie ups with top publishers around the globe.
  • Customer Support Customer Support
    Complete pre and post sales support.
  • Safe & Secure Safe & Secure
    Complete secure payment process.