June 17, 2020
According to the research report titled ‘Terahertz Technology Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component; Type; and Application, available with Market Study Report LLC, global terahertz technology market is expected to register significant growth through 2027.
Rising adoption of terahertz technology in order to detect hidden drugs and explosives as well as to identify substances flowing through a plastic pipe is a prime factor driving the market growth.
For the record, terahertz frequency lies between infrared and microwave ranges of electromagnetic spectrum, with frequency of over one million oscillations per second. The technology can be employed for non-destructive measurement of layer thickness as well as to monitor the faults in materials made from plastics and ceramic.
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As per component type, the report splits global terahertz technology market into terahertz detectors and terahertz sources. Whereas, by type, the market is divided into terahertz communication systems, terahertz spectroscopy systems and terahertz imaging systems.
Based on application landscape, the industry is classified into industrial, food & agriculture, defense & security, medical & healthcare and others. While regionally, worldwide terahertz technology market is segmented into North America, Asia Pacific, MEA, Europe, and South America.
The major companies formulating the competitive spectrum of global terahertz technology market are Microtech Instruments Inc., Advanced Photonix Inc., Acal BFi Ltd., Menlo Systems GmbH, HÜBNER GmbH & Co. KG, Luna Innovations Inc., Toptica Photonics AG, Advantest Corp., TeraView Ltd. and Terasense Group Inc. among others.