The global terahertz technology market is expected to
reach USD 489.8 Million by 2022, growing at a CAGR of 31.83% between
2016 and 2022. The main drivers of the growth of this market include the
increasing adoption of terahertz technology-based products for
laboratory research applications in various universities & research
firms globally and the growing demand for these products in various
cancer treatment institutes & hospitals worldwide for more
informative results. The terahertz technology market has been segmented
on the basis of type, technology, application, and region. In this
report, 2014 has been considered as the historical year, 2015 has been
considered as the base year, the 2016 to 2022 has been considered as the
forecast period for the study of the market.
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In addition, the report also profiles the major
companies operating in the terahertz technology market. It also provides
the competitive landscapes of key players, which includes the key
growth strategies adopted by the key players in the market. The report
comprises the critical market data and qualitative information for each
type along with the qualitative analysis such as the Porter’s five force
analysis and value chain analysis.
APAC is expected to grow at the highest CAGR between 2016 and 2022.
The market in APAC is expected to grow at the highest
CAGR during the forecast period. This growth can be attributed to the
increase in initiatives, such as heavy investments in R&D to
encourage the adoption of terahertz technology, taken by the countries
such as China, India, and Japan in this region.
The market for laboratory research applications is expected to grow at the highest CAGR between 2016 and 2022
The terahertz technology market for laboratory
research applications is expected to grow at the highest CAGR during the
forecast period since the terahertz technology market is not a mature
market and is experiencing continuous technological advancements. Hence,
the technologies used to manufacture the terahertz technology-based
products frequently undergo R&D activities.
The market is dominated by the key players such as
Advantest Corporation (Japan), TeraView (U.K.), Menlo Systems GmbH
(Germany), Acal plc (U.K.), and Microtech Instrument Inc. (U.S.).
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In this research report, the global terahertz
technology market is segmented on the basis of type, technology,
application, and region. This report describes the drivers, restraints,
opportunities, and challenges for the growth of the market. The Porter’s
five forces analysis has been included in the report with a description
of each of its forces and their respective impact on the global
terahertz technology market. This report gives a detailed view of the
market across the four major regions: the North America, Europe, APAC,
and RoW. In addition, it gives a detailed view of the types of terahertz
technology-based systems, which include terahertz imaging systems,
terahertz spectroscopy systems, and terahertz communication systems. It
also covers the applications of the terahertz technology-based systems
such as terahertz imaging, spectroscopy, and terahertz communication
system applications. In addition, the market has also been segmented on
the basis of technology into terahertz sources and detectors.
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UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com