Opportunity and Strategy Analysis
This report focuses on identifying opportunities and strategies for investing in the global terahertz technology market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter’s Fiver Forces analysis.
Based on the market data and analysis, the report highlights Increasingly Attractive Segments (IAS) and business opportunities in each segmentation. Moreover, a systematic evaluation of Internal Risks (factors arising within the industry development) and External Risks (factors arising from the surrounding environments) is provided for the terahertz technology industry and market. All the identified risk factors are measured quantitatively according to GMD’s novel numeric system, i.e. each risk is evaluated with GMD Risk Index Number (GMD RIN) and GMD Risk Intensity Level (GMD RIL). This in-depth risk assessment offers a comprehensive understanding of the current risk factors and their developing trends. Furthermore, this report concludes risk management strategies and Critical Success Factors (CSFs) to help companies make intelligence-based business decisions in the global terahertz technology industry.
Market Coverage & Overview
The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global terahertz technology market is expected to reach $4.78 billion by 2033, growing by 22.1% annually over the coming years.
Segmentation Analysis
Highlighted with 88 tables and 89 figures, this 172-page report represents a 360-degree view on the global market with extensively detailed segmentations System, Component, End User, and Region/Country as shown below. Annual revenue 2023-2033 for each segment is included in the report.
By System
• Terahertz Imaging Systems
o Active Systems
o Passive Systems
• Terahertz Spectroscopy Systems
o Time Domain
o Frequency Domain
• Communication Systems
o Antennas
o Emitters
o Modulators
By Component
• Terahertz Sources
• Terahertz Detectors
By End User
• Healthcare
• Telecommunications
• Defense and Security
• Industrial
• Food and Agriculture
• Research Laboratories
• Other End Users
By Region
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, Iran, and Rest of MEA)
The breakdown of all regional markets by country and the breakdown of each national market by System, Component, and End User over the forecast years are also included.
Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
• Advantest Corporation
• Bakman Technologies LLC
• Batop GmbH
• Bruker Corporation
• Gentec Electro-optics Inc.
• HÜBNER GmbH & Co. KG
• Luna Innovations Inc.
• Menlo Systems GmbH
• Microtech Instruments, Inc.
• Terasense Group Inc.
• TeraView Limited
• Teravil Ltd. (Lithuania)
• TOPTICA Photonics AG
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict 28
2.1.4 Impact of Israel-Palestine War 30
2.2 Major Growth Drivers 31
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Global Market by System 44
3.1 Market Overview by System 44
3.2 Terahertz Imaging Systems 47
3.2.1 Active Systems 48
3.2.2 Passive Systems 49
3.3 Terahertz Spectroscopy Systems 50
3.3.1 Time Domain 51
3.3.2 Frequency Domain 52
3.4 Communication Systems 53
3.4.1 Antennas 54
3.4.2 Emitters 55
3.4.3 Modulators 56
4 Segmentation of Global Market by Component 57
4.1 Market Overview by Component 57
4.2 Terahertz Sources 60
4.3 Terahertz Detectors 61
5 Segmentation of Global Market by End User 62
5.1 Market Overview by End User 62
5.2 Healthcare 65
5.3 Telecommunications 66
5.4 Defense and Security 67
5.5 Industrial 68
5.6 Food and Agriculture 69
5.7 Research Laboratories 70
5.8 Other End Users 71
6 Segmentation of Global Market by Region 72
6.1 Geographic Market Overview 2023-2033 72
6.2 North America Market 2023-2033 by Country 77
6.2.1 Overview of North America Market 77
6.2.2 U.S. 81
6.2.3 Canada 84
6.2.4 Mexico 86
6.3 European Market 2023-2033 by Country 88
6.3.1 Overview of European Market 88
6.3.2 Germany 92
6.3.3 U.K. 94
6.3.4 France 96
6.3.5 Spain 98
6.3.6 Italy 100
6.3.7 Russia 102
6.3.8 Rest of European Market 104
6.4 Asia-Pacific Market 2023-2033 by Country 106
6.4.1 Overview of Asia-Pacific Market 106
6.4.2 Japan 110
6.4.3 China 113
6.4.4 Australia 115
6.4.5 India 117
6.4.6 South Korea 119
6.4.7 Rest of APAC Region 121
6.5 South America Market 2023-2033 by Country 123
6.5.1 Argentina 127
6.5.2 Brazil 129
6.5.3 Chile 131
6.5.4 Rest of South America Market 133
6.6 MEA Market 2023-2033 by Country 134
6.6.1 UAE 138
6.6.2 Saudi Arabia 140
6.6.3 Iran 142
6.6.4 Other National Markets 144
7 Competitive Landscape 145
7.1 Overview of Key Vendors 145
7.2 New Product Launch, Partnership, Investment, and M&A 148
7.3 Company Profiles 149
Advantest Corporation 149
Bakman Technologies LLC 151
Batop GmbH 152
Bruker Corporation 153
Gentec Electro-optics Inc. 154
HÜBNER GmbH & Co. KG 155
Luna Innovations Inc. 156
Menlo Systems GmbH 157
Microtech Instruments, Inc. 158
Terasense Group Inc. 159
TeraView Limited 160
Teravil Ltd. (Lithuania) 161
TOPTICA Photonics AG 162
8 Investing in Terahertz Technology Industry: Risk Assessment and Management 163
8.1 Risk Evaluation of Global Market 163
8.2 Critical Success Factors (CSFs) 169
RELATED REPORTS 172
List of Tables:
Table 1. Snapshot of Global Terahertz Technology Market in Balanced Perspective, 2023-2033 19
Table 2. World Economic Outlook, 2024-2036 23
Table 3. World Economic Outlook, 2022-2024 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Scenarios for Economic Impact of Israel-Palestine War 30
Table 6. Main Product Trends and Market Opportunities in Global Terahertz Technology Market 37
Table 7. Global Terahertz Technology Market by System, 2023-2033, $ mn 45
Table 8. Global Terahertz Technology Market: Terahertz Imaging Systems by Type, 2023-2033, $ mn 47
Table 9. Global Terahertz Technology Market: Terahertz Spectroscopy Systems by Type, 2023-2033, $ mn 50
Table 10. Global Terahertz Technology Market: Communication Systems by Type, 2023-2033, $ mn 53
Table 11. Global Terahertz Technology Market by Component, 2023-2033, $ mn 58
Table 12. Global Terahertz Technology Market by End User, 2023-2033, $ mn 63
Table 13. Global Terahertz Technology Market by Region, 2023-2033, $ mn 74
Table 14. Leading National Terahertz Technology Market, 2023 and 2033, $ mn 76
Table 15. North America Terahertz Technology Market by Country, 2023-2033, $ mn 79
Table 16. U.S. Terahertz Technology Market by System, 2023-2033, $ mn 83
Table 17. U.S. Terahertz Technology Market by Component, 2023-2033, $ mn 83
Table 18. U.S. Terahertz Technology Market by End User, 2023-2033, $ mn 83
Table 19. Canada Terahertz Technology Market by System, 2023-2033, $ mn 85
Table 20. Canada Terahertz Technology Market by Component, 2023-2033, $ mn 85
Table 21. Canada Terahertz Technology Market by End User, 2023-2033, $ mn 85
Table 22. Mexico Terahertz Technology Market by System, 2023-2033, $ mn 87
Table 23. Mexico Terahertz Technology Market by Component, 2023-2033, $ mn 87
Table 24. Mexico Terahertz Technology Market by End User, 2023-2033, $ mn 87
Table 25. Europe Terahertz Technology Market by Country, 2023-2033, $ mn 90
Table 26. Germany Terahertz Technology Market by System, 2023-2033, $ mn 93
Table 27. Germany Terahertz Technology Market by Component, 2023-2033, $ mn 93
Table 28. Germany Terahertz Technology Market by End User, 2023-2033, $ mn 93
Table 29. U.K. Terahertz Technology Market by System, 2023-2033, $ mn 95
Table 30. U.K. Terahertz Technology Market by Component, 2023-2033, $ mn 95
Table 31. U.K. Terahertz Technology Market by End User, 2023-2033, $ mn 95
Table 32. France Terahertz Technology Market by System, 2023-2033, $ mn 97
Table 33. France Terahertz Technology Market by Component, 2023-2033, $ mn 97
Table 34. France Terahertz Technology Market by End User, 2023-2033, $ mn 97
Table 35. Spain Terahertz Technology Market by System, 2023-2033, $ mn 99
Table 36. Spain Terahertz Technology Market by Component, 2023-2033, $ mn 99
Table 37. Spain Terahertz Technology Market by End User, 2023-2033, $ mn 99
Table 38. Italy Terahertz Technology Market by System, 2023-2033, $ mn 101
Table 39. Italy Terahertz Technology Market by Component, 2023-2033, $ mn 101
Table 40. Italy Terahertz Technology Market by End User, 2023-2033, $ mn 101
Table 41. Russia Terahertz Technology Market by System, 2023-2033, $ mn 103
Table 42. Russia Terahertz Technology Market by Component, 2023-2033, $ mn 103
Table 43. Russia Terahertz Technology Market by End User, 2023-2033, $ mn 103
Table 44. Terahertz Technology Market in Rest of Europe by Country, 2023-2033, $ mn 105
Table 45. APAC Terahertz Technology Market by Country, 2023-2033, $ mn 108
Table 46. Japan Terahertz Technology Market by System, 2023-2033, $ mn 112
Table 47. Japan Terahertz Technology Market by Component, 2023-2033, $ mn 112
Table 48. Japan Terahertz Technology Market by End User, 2023-2033, $ mn 112
Table 49. China Terahertz Technology Market by System, 2023-2033, $ mn 114
Table 50. China Terahertz Technology Market by Component, 2023-2033, $ mn 114
Table 51. China Terahertz Technology Market by End User, 2023-2033, $ mn 114
Table 52. Australia Terahertz Technology Market by System, 2023-2033, $ mn 116
Table 53. Australia Terahertz Technology Market by Component, 2023-2033, $ mn 116
Table 54. Australia Terahertz Technology Market by End User, 2023-2033, $ mn 116
Table 55. India Terahertz Technology Market by System, 2023-2033, $ mn 118
Table 56. India Terahertz Technology Market by Component, 2023-2033, $ mn 118
Table 57. India Terahertz Technology Market by End User, 2023-2033, $ mn 118
Table 58. South Korea Terahertz Technology Market by System, 2023-2033, $ mn 120
Table 59. South Korea Terahertz Technology Market by Component, 2023-2033, $ mn 120
Table 60. South Korea Terahertz Technology Market by End User, 2023-2033, $ mn 120
Table 61. Terahertz Technology Market in Rest of APAC by Country/Region, 2023-2033, $ mn 122
Table 62. South America Terahertz Technology Market by Country, 2023-2033, $ mn 125
Table 63. Argentina Terahertz Technology Market by System, 2023-2033, $ mn 128
Table 64. Argentina Terahertz Technology Market by Component, 2023-2033, $ mn 128
Table 65. Argentina Terahertz Technology Market by End User, 2023-2033, $ mn 128
Table 66. Brazil Terahertz Technology Market by System, 2023-2033, $ mn 130
Table 67. Brazil Terahertz Technology Market by Component, 2023-2033, $ mn 130
Table 68. Brazil Terahertz Technology Market by End User, 2023-2033, $ mn 130
Table 69. Chile Terahertz Technology Market by System, 2023-2033, $ mn 132
Table 70. Chile Terahertz Technology Market by Component, 2023-2033, $ mn 132
Table 71. Chile Terahertz Technology Market by End User, 2023-2033, $ mn 132
Table 72. MEA Terahertz Technology Market by Country, 2023-2033, $ mn 136
Table 73. UAE Terahertz Technology Market by System, 2023-2033, $ mn 139
Table 74. UAE Terahertz Technology Market by Component, 2023-2033, $ mn 139
Table 75. UAE Terahertz Technology Market by End User, 2023-2033, $ mn 139
Table 76. Saudi Arabia Terahertz Technology Market by System, 2023-2033, $ mn 141
Table 77. Saudi Arabia Terahertz Technology Market by Component, 2023-2033, $ mn 141
Table 78. Saudi Arabia Terahertz Technology Market by End User, 2023-2033, $ mn 141
Table 79. Iran Terahertz Technology Market by System, 2023-2033, $ mn 143
Table 80. Iran Terahertz Technology Market by Component, 2023-2033, $ mn 143
Table 81. Iran Terahertz Technology Market by End User, 2023-2033, $ mn 143
Table 82. Advantest Corporation: Company Snapshot 149
Table 83. Advantest Corporation: Business Segmentation 150
Table 84. Advantest Corporation: Product Portfolio 150
Table 85. List of Risk Factors and Weight Percentages/Theoretical Maximum 164
Table 86. Definition of GMD Relative Risk Index Number (Relative RIN) and GMD Risk Intensity Level (RIL) 165
Table 87. Risk Evaluation for Investing in Global Market, 2023-2033 166
Table 88. Critical Success Factors and Key Takeaways 170
