Terahertz Components and Systems Market

Terahertz Components and Systems Market (Component: Source Modules and Detector Module; Type: Spectrometer, Imaging Systems, and Communication Systems) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Terahertz Components and Systems Market Outlook 2031

  • The global terahertz components and systems market was valued over US$ 0.4 Bn in 2021
  • It is estimated to grow at a CAGR of 17.6% from 2022 to 2031
  • The global terahertz components and systems market is expected to surpass value of US$ 1.9 Bn by the end of 2031

Analysts’ Viewpoint on Terahertz Components and Systems Market Scenario

Terahertz systems and components are widely used for high precision gauging and coating thickness measurement, which include measurement of density, basis weight, coating thickness, single and multilayer thickness, and structural integrity. These systems are widely deployed for threat material detection (for instance, explosives, weapons); biomedical applications (for instance, skin cancer detection); environmental sensing (especially gas detection); and detection of moisture content in consumer products. North America is expected to remain a key market, globally, owing to growing research & development activities across aerospace & defense, automotive, healthcare, and consumer electronics industries. Moreover, increasing research in telecommunication sector for the deployment of 5G and 6G is likely to propel the market. The market in Asia Pacific is projected to grow rapidly, owing to the growing investments in the industrial sector and adoption of 5G & 6G network by China. China is the largest hub for manufacturing, pharmaceutical, chemical, and electronics industries. These factors are anticipated to propel the demand for terahertz components and systems in the region. Thus, manufacturers of THz systems and components should develop innovative products and make these products available commercially.

terahertz market

Overview of Terahertz Components and Systems Market

The terahertz (THz) wave is an electromagnetic wave that has a spectrum range between microwave and the infrared. Terahertz waves have a frequency range of about 100 GHz to 10 THz, and wavelengths 3 mm to 30 µm. They are known as far-infrared or sub-millimeter waves. They also offer some advantages such as low energy, non-invasive, and high resolution and penetration. A key benefit of terahertz waves is that several materials that block visible and IR spectra; however, these can be appear to be transparent in the terahertz region.

Similar to X-ray images, terahertz wavelengths can penetrate through many non-conductive materials and can easily detect imperfections such as voids, cracks, and density variations. THz waves carry very low energies as compared to X-ray or UV radiation; they do not ionize and damage the material that is under observation. Thus, these waves are widely used for non-invasive imaging and non-destructive quality control. Terahertz systems are extensively deployed for non-destructive testing applications, which include NDT in aircraft & fiber-reinforced composites, ceramic coating thickness measurements, evaluation of seams, detection of voids, inspection & repair of pipelines, and automotive fuel tanks.

Advancement in MEMS Technology for Terahertz Frequency to Drive Global Market

Improvement in the terahertz (THz) technology is rapidly fueling its demand in various applications such as THz radars, high-rate communications, medical imaging, environmental monitoring, and space exploration. High cost associated with the production and packaging techniques used for terahertz systems poses a significant challenge for the cost-effective and large production of these components while making THZ systems. The current terahertz (THz) technology depends on conventional and expensive serial production and packaging techniques, such as computer numerical control (CNC) high-precision machine, which are fit only for high-end research instrumentation.

Currently, most available technologies have been focusing on frequencies below 100 GHz or higher than 10 THz. MEMS technology is anticipated to be of great importance for industrial utilization and large-scale scientific research applications that employ THz frequency. Advancements in the MEMS technology for terahertz frequency are projected to drive the terahertz components and systems market.

The adoption of the MEMS technology for developing terahertz components offers several benefits such as lightweight, low cost, low power consumption, and miniaturized components, which are important for detection, communication, and sensing applications. Thus, MEMS technology plays vital role in developing terahertz components and systems.

Rising Penetration of Terahertz Technology in Non-destructive Testing to Boost Market

Currently, suitable testing and measuring techniques are still unable to cater to the requirement of process & quality control inspection and detection. Established methods based on ultrasound, thermography, X-ray, optics, and eddy current are effective in structural analysis and fault detection; however, these methods are limited for some applications such as non-destructive testing of foam, fiber reinforced plastics, and hollow structures.

The terahertz technology provides a new opportunity to overcome these limitations, and opens new ways of internal nondestructive testing owing to its excellent penetration capability through most of non-conductive materials such as ceramics, glass, foam, rubber, resin, paint, and composite materials, etc.

The demand of terahertz systems for non-destructive testing (NDT), especially in the aerospace & defense sector, is considerably high. Terahertz (THz) NDT imaging is one of most successful applications to detect defects in the sprayed on foam insulation (SOFI) layers on space shuttle fuel tank. This is estimated to increase the adoption of non-destructive testing in the aerospace & defense sector.

Moreover, non-destructive testing is used in security applications at airports, such as checking explosive, hazardous materials, guns, and other harmful weapons. This, in turn, propels the demand for non-destructive testing.

Researchers and industry players are also increasingly paying attention to the THz technology as a new cost-effective solution for non-destructive testing applications. Thus, increase in penetration of the terahertz technology in various non-destructive testing applications is expected to drive the global terahertz components and systems market during the forecast period.

Source Modules Segment to Lead Terahertz Components and Systems Market

In terms of component, the global terahertz components and systems market has been bifurcated into source modules and detector module. The source modules segment held a major share of around 64% of the market in 2021. The segment is projected to expand at a CAGR of 18% during the forecast period. This growth can be attributed to the extensive application of various source modules such as broadband THz source for THz spectroscopy and spatial mapping, and THz frequency comb generation. The source module comprises a photoconductive antenna, hyper-hemispherical silicon lens, and thermistor on the built-in bias circuit to deliver stable output. These source modules are available in various frequency ranges such as 100 GHz, 140 GHz, 200 GHz, 300 GHz, 600 GHz, etc. Key players are developing these source modules by utilizing various innovative technologies. Terasense Group Inc., has built terahertz sources with the aid of the IMPATT (Impact Ionization Avalanche Transit-Time Diode) technology integrated with protective isolator, TTL Modulation, and detachable horn antenna.

Extensive Use of Terahertz Imaging System in NDT Applications

In terms of type, the global terahertz components and systems market has been classified into spectrometer, imaging systems, and communication systems. The imaging systems segment dominated the global terahertz components and systems market, and accounted for 47.6% share of the market in 2021. Furthermore, this segment is also expected to grow at a prominent CAGR of 18.2% during the forecast period.

Terahertz imaging system is being extensively deployed for use in various NDT applications such as detection of the debonding detects in the adhesive layer of thermal protection material, detection of cracks in ceramic materials, corrosion detection under paint, and detection of impact damages on polypropylene composite plates. Thus, all these factors are boosting the demand for THz imaging systems.

Regional Outlook of Global Terahertz Components and Systems Market

North America dominated the global terahertz components and systems market, and held around 38% share in 2021. The market in the region is estimated to grow at a CAGR of 17.9% during the forecast period. Rising investments in the development of terahertz components and systems, and technological advancements offer significant opportunities in the healthcare, pharma, and telecommunication sectors. Furthermore, mature economy, established infrastructure, and penetration of key market players in North America has propelled the market in the region.

The terahertz components and systems market in Asia Pacific and Europe is growing significantly. The regions held value shares of 23.4% and 29.6%, respectively, of the global market in 2021. Aerospace & defense, pharmaceutical, healthcare & life sciences, and semiconductors & electronics are major end-use industries of terahertz components and systems in these regions.

The market in Middle East & Africa is projected to grow at a moderate pace, and greater than the market in South America, at a CAGR of 16.4% during the forecast period.

Analysis of Key Players in Global Terahertz Components and Systems Market

The global terahertz components and systems market is consolidated with a number of large-scale and small scale vendors controlling majority of the market share. These firms are spending significantly on comprehensive research and development, primarily to develop innovative products. Diversification of product portfolios and mergers & acquisitions are the strategies adopted by key players.

Microtech Instruments Inc., Advantest Corporation, Bruker Corporation, EMCORE Corporation, TeraView Limited, Menlo Systems GmbH, Toptica Photonics AG, Luna Innovations Incorporated, Terasense Group Inc, and Applied Research & Photonics, Inc. are the prominent entities operating in this market.

Each of these players has been profiled in the terahertz components and systems market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments in Global Terahertz Components and Systems Market

  • In November 2019, TeraView launched high performance terahertz system: TeraPulse Lx. The new system was unveiled to a packed IRMMW (Infrared and mm-wave) Conference in Paris.
  • In May 2021, Menlo Systems GmbH developed a testbed for passive devices for THz communication. The testbed included a set of innovative bandpass filters that were fabricated by a 3-D printing procedure.
  • In October 2019, Luna Innovations Incorporated launched the next phase in its terahertz measurement systems with the introduction of their dual channel Terahertz Control Unit (TCU54nm). The new product allowed multiple sensor heads to be attached to a single control unit. The TCU54nm reduced the per sensor cost of deployment and opened new applications that were previously forbiddingly expensive.

Terahertz Components and Systems Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 0.4 Bn

Market Forecast Value in 2031

US$ 1.9 Bn

Growth Rate

(CAGR)

17.6%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Component
    • Source Modules
    • Detector Module
  • Type
    • Spectrometer
    • Imaging Systems
    • Communication Systems
  • Application
    • Industrial Non-destructive Testing
    • Medical Imaging
    • Defense & Security
    • Others (Wireless Communication, Research & Development, etc.)
  • End-use Industry
    • Aerospace & Defense
    • Pharmaceutical
    • Healthcare & Life Science
    • Semiconductors & Electronics
    • Research & Academia
    • IT & Telecommunication
    • Others (Automotive, Food & Beverage, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • GCC Countries
  • South Africa
  • Brazil

Companies Profiled

  • Microtech Instruments Inc.
  • Advantest Corporation
  • Bruker Corporation
  • EMCORE Corporation
  • TeraView Limited
  • Menlo Systems GmbH
  • Toptica Photonics AG
  • Luna Innovations Incorporated
  • Terasense Group Inc
  • Applied Research & Photonics, Inc.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

What would be the terahertz components and systems market size in 2031?

Terahertz components and systems market is expected to cross US$ 1.9 Bn by 2031.

What would be the CAGR of the terahertz components and systems market?

Terahertz components and systems market is estimated to grow at a CAGR of 17.6% during the forecast period.

What are the key factors driving the terahertz components and systems market?

Rise in demand for spectroscopy applications and increase in penetration of terahertz technology in non-destructive testing applications drive the market.

Which application segment contributed the largest share to the terahertz components and systems market?

The industrial non-destructive testing segment accounted for 44.1% share of the terahertz components and systems market in 2021.

Which region is more attractive for vendors in the terahertz components and systems market?

North America is more attractive for vendors of the terahertz components and systems market.

Who are the key players in the Terahertz Components and Systems Market?

Key players of terahertz components and systems market include Microtech Instruments Inc., Advantest Corporation, Bruker Corporation, EMCORE Corporation, TeraView Limited, Menlo Systems GmbH, Toptica Photonics AG, Luna Innovations Incorporated, Terasense Group Inc, and Applied Research & Photonics, Inc.

    1. Preface

        1.1. Market Introduction

        1.2. Market and Segments Definition

        1.3. Market Taxonomy

        1.4. Research Methodology

        1.5. Assumption and Acronyms

    2. Executive Summary

        2.1. Global Terahertz Components and Systems Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview – Inspection and Detection Systems Industry Overview Industry Overview

        4.2. Supply Chain Analysis

        4.3. Technology Roadmap Analysis

        4.4. Industry SWOT Analysis

        4.5. Porter Five Forces Analysis

        4.6. Covid-19 Impact and Recovery Analysis

    5. Global Terahertz Components and Systems Market Analysis, by Component

        5.1. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Component, 2017–2031

            5.1.1. Source Modules

            5.1.2. Detector Module

        5.2. Market Attractiveness Analysis, by Component

    6. Global Terahertz Components and Systems Market Analysis, by Type

        6.1. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031

            6.1.1. Spectrometer

            6.1.2. Imaging Systems

            6.1.3. Communication Systems

        6.2. Market Attractiveness Analysis, by Type

    7. Global Terahertz Components and Systems Market Analysis, by Application

        7.1. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031

            7.1.1. Industrial Non-destructive Testing

            7.1.2. Medical Imaging

            7.1.3. Defense & Security

            7.1.4. Others (Wireless Communication, Research & Development, etc.)

        7.2. Market Attractiveness Analysis, by Application

    8. Global Terahertz Components and Systems Market Analysis, by End-use Industry

        8.1. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            8.1.1. Aerospace & Defense

            8.1.2. Pharmaceutical

            8.1.3. Healthcare & Life Science

            8.1.4. Semiconductors & Electronics

            8.1.5. Research & Academia

            8.1.6. IT & Telecommunication

            8.1.7. Others (Automotive, Food & Beverage, etc.)

        8.2. Market Attractiveness Analysis, by End-use Industry

    9. Global Terahertz Components and Systems Market Analysis and Forecast, by Region

        9.1. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Region, 2017–2031

            9.1.1. North America

            9.1.2. Europe

            9.1.3. Asia Pacific

            9.1.4. Middle East & Africa

            9.1.5. South America

        9.2. Market Attractiveness Analysis, by Region

    10. North America Terahertz Components and Systems Market Analysis and Forecast

        10.1. Market Snapshot

        10.2. Drivers and Restraints: Impact Analysis

        10.3. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Component, 2017–2031

            10.3.1. Source Modules

            10.3.2. Detector Module

        10.4. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031

            10.4.1. Spectrometer

            10.4.2. Imaging Systems

            10.4.3. Communication Systems

        10.5. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031

            10.5.1. Industrial Non-destructive Testing

            10.5.2. Medical Imaging

            10.5.3. Defense & Security

            10.5.4. Others (Wireless Communication, Research & Development, etc.)

        10.6. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            10.6.1. Aerospace & Defense

            10.6.2. Pharmaceutical

            10.6.3. Healthcare & Life Science

            10.6.4. Semiconductors & Electronics

            10.6.5. Research & Academia

            10.6.6. IT & Telecommunication

            10.6.7. Others (Automotive, Food & Beverage, etc.)

        10.7. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017–2031

            10.7.1. U.S.

            10.7.2. Canada

            10.7.3. Rest of North America

        10.8. Market Attractiveness Analysis

            10.8.1. By Component

            10.8.2. By Type

            10.8.3. By Application

            10.8.4. By End-use Industry

            10.8.5. By Country & Sub-region

    11. Europe Terahertz Components and Systems Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. Drivers and Restraints: Impact Analysis

        11.3. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Component, 2017–2031

            11.3.1. Source Modules

            11.3.2. Detector Module

        11.4. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031

            11.4.1. Spectrometer

            11.4.2. Imaging Systems

            11.4.3. Communication Systems

        11.5. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031

            11.5.1. Industrial Non-destructive Testing

            11.5.2. Medical Imaging

            11.5.3. Defense & Security

            11.5.4. Others (Wireless Communication, Research & Development, etc.)

        11.6. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            11.6.1. Aerospace & Defense

            11.6.2. Pharmaceutical

            11.6.3. Healthcare & Life Science

            11.6.4. Semiconductors & Electronics

            11.6.5. Research & Academia

            11.6.6. IT & Telecommunication

            11.6.7. Others (Automotive, Food & Beverage, etc.)

        11.7. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017–2031

            11.7.1. U.K.

            11.7.2. Germany

            11.7.3. France

            11.7.4. Rest of Europe

        11.8. Market Attractiveness Analysis

            11.8.1. By Component

            11.8.2. By Type

            11.8.3. By Application

            11.8.4. By End-use Industry

            11.8.5. By Country & Sub-region

    12. Asia Pacific Terahertz Components and Systems Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. Drivers and Restraints: Impact Analysis

        12.3. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Component, 2017–2031

            12.3.1. Source Modules

            12.3.2. Detector Module

        12.4. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031

            12.4.1. Spectrometer

            12.4.2. Imaging Systems

            12.4.3. Communication Systems

        12.5. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031

            12.5.1. Industrial Non-destructive Testing

            12.5.2. Medical Imaging

            12.5.3. Defense & Security

            12.5.4. Others (Wireless Communication, Research & Development, etc.)

        12.6. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            12.6.1. Aerospace & Defense

            12.6.2. Pharmaceutical

            12.6.3. Healthcare & Life Science

            12.6.4. Semiconductors & Electronics

            12.6.5. Research & Academia

            12.6.6. IT & Telecommunication

            12.6.7. Others (Automotive, Food & Beverage, etc.)

        12.7. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017–2031

            12.7.1. China

            12.7.2. Japan

            12.7.3. India

            12.7.4. South Korea

            12.7.5. ASEAN

            12.7.6. Rest of Asia Pacific

        12.8. Market Attractiveness Analysis

            12.8.1. By Component

            12.8.2. By Type

            12.8.3. By Application

            12.8.4. By End-use Industry

            12.8.5. By Country & Sub-region

    13. Middle East & Africa Terahertz Components and Systems Market Analysis and Forecast

        13.1. Market Snapshot

        13.2. Drivers and Restraints: Impact Analysis

        13.3. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Component, 2017–2031

            13.3.1. Source Modules

            13.3.2. Detector Module

        13.4. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031

            13.4.1. Spectrometer

            13.4.2. Imaging Systems

            13.4.3. Communication Systems

        13.5. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031

            13.5.1. Industrial Non-destructive Testing

            13.5.2. Medical Imaging

            13.5.3. Defense & Security

            13.5.4. Others (Wireless Communication, Research & Development, etc.)

        13.6. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            13.6.1. Aerospace & Defense

            13.6.2. Pharmaceutical

            13.6.3. Healthcare & Life Science

            13.6.4. Semiconductors & Electronics

            13.6.5. Research & Academia

            13.6.6. IT & Telecommunication

            13.6.7. Others (Automotive, Food & Beverage, etc.)

        13.7. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017–2031

            13.7.1. GCC

            13.7.2. South Africa

            13.7.3. Rest of Middle East & Africa

        13.8. Market Attractiveness Analysis

            13.8.1. By Component

            13.8.2. By Type

            13.8.3. By Application

            13.8.4. By End-use Industry

            13.8.5. By Country & Sub-region

    14. South America Terahertz Components and Systems Market Analysis and Forecast

        14.1. Market Snapshot

        14.2. Drivers and Restraints: Impact Analysis

        14.3. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Component, 2017–2031

            14.3.1. Source Modules

            14.3.2. Detector Module

        14.4. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031

            14.4.1. Spectrometer

            14.4.2. Imaging Systems

            14.4.3. Communication Systems

        14.5. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031

            14.5.1. Industrial Non-destructive Testing

            14.5.2. Medical Imaging

            14.5.3. Defense & Security

            14.5.4. Others (Wireless Communication, Research & Development, etc.)

        14.6. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            14.6.1. Aerospace & Defense

            14.6.2. Pharmaceutical

            14.6.3. Healthcare & Life Science

            14.6.4. Semiconductors & Electronics

            14.6.5. Research & Academia

            14.6.6. IT & Telecommunication

            14.6.7. Others (Automotive, Food & Beverage, etc.)

        14.7. Terahertz Components and Systems Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017–2031

            14.7.1. Brazil

            14.7.2. Rest of South America

        14.8. Market Attractiveness Analysis

            14.8.1. By Component

            14.8.2. By Type

            14.8.3. By Application

            14.8.4. By End-use Industry

            14.8.5. By Country & Sub-region

    15. Competition Assessment

        15.1. Global Terahertz Components and Systems Market Competition Matrix - a Dashboard View

            15.1.1. Global Terahertz Components and Systems Market Company Share Analysis, by Value (2021)

            15.1.2. Technological Differentiator

    16. Company Profiles (Global Manufacturers/Suppliers)

        16.1. Advantest Corporation

            16.1.1. Overview

            16.1.2. Product Portfolio

            16.1.3. Sales Footprint

            16.1.4. Key Subsidiaries or Distributors

            16.1.5. Strategy and Recent Developments

            16.1.6. Key Financials

        16.2. Applied Research & Photonics, Inc.

            16.2.1. Overview

            16.2.2. Product Portfolio

            16.2.3. Sales Footprint

            16.2.4. Key Subsidiaries or Distributors

            16.2.5. Strategy and Recent Developments

            16.2.6. Key Financials

        16.3. Bruker Corporation

            16.3.1. Overview

            16.3.2. Product Portfolio

            16.3.3. Sales Footprint

            16.3.4. Key Subsidiaries or Distributors

            16.3.5. Strategy and Recent Developments

            16.3.6. Key Financials

        16.4. EMCORE Corporation

            16.4.1. Overview

            16.4.2. Product Portfolio

            16.4.3. Sales Footprint

            16.4.4. Key Subsidiaries or Distributors

            16.4.5. Strategy and Recent Developments

            16.4.6. Key Financials

        16.5. Luna Innovations Incorporated

            16.5.1. Overview

            16.5.2. Product Portfolio

            16.5.3. Sales Footprint

            16.5.4. Key Subsidiaries or Distributors

            16.5.5. Strategy and Recent Developments

            16.5.6. Key Financials

        16.6. Menlo Systems GmbH

            16.6.1. Overview

            16.6.2. Product Portfolio

            16.6.3. Sales Footprint

            16.6.4. Key Subsidiaries or Distributors

            16.6.5. Strategy and Recent Developments

            16.6.6. Key Financials

        16.7. Microtech Instruments Inc.

            16.7.1. Overview

            16.7.2. Product Portfolio

            16.7.3. Sales Footprint

            16.7.4. Key Subsidiaries or Distributors

            16.7.5. Strategy and Recent Developments

            16.7.6. Key Financials

        16.8. Terasense Group Inc

            16.8.1. Overvieiew

            16.8.2. Prow

            16.8.2. Product Portfolio

            16.8.3. Sales Footprint

            16.8.4. Key Subsidiaries or Distributors

            16.8.5. Strategy and Recent Developments

            16.8.6. Key Financials

        16.9. TeraView Limited

            16.9.1. Overview

            16.9.2. Product Portfolio

            16.9.3. Sales Footprint

            16.9.4. Key Subsidiaries or Distributors

            16.9.5. Strategy and Recent Developments

            16.9.6. Key Financials

        16.10. Toptica Photonics AG

            16.10.1. Overview

            16.10.2. Product Portfolio

            16.10.3. Sales Footprint

            16.10.4. Key Subsidiaries or Distributors

            16.10.5. Strategy and Recent Developments

            16.10.6. Key Financials

    17. Recommendation

        17.1. Opportunity Assessment

            17.1.1. By Component

            17.1.2. By Type

            17.1.3. By Application

            17.1.4. By End-use Industry

            17.1.5. By Region

    List of Tables

    Table 01: Global Terahertz Components and Systems Market Size & Forecast, by Component, Value (US$ Mn), 2017‒2031

    Table 02: Global Terahertz Components and Systems Market Size & Forecast, by Type, Value (US$ Mn), 2017‒2031

    Table 03: Global Terahertz Components and Systems Market Size & Forecast, by Application, Value (US$ Mn), 2017‒2031

    Table 04: Global Terahertz Components and Systems Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 05: Global Terahertz Components and Systems Market Size & Forecast, by Region, Value (US$ Mn), 2017‒2031

    Table 06: North America Terahertz Components and Systems Market Size & Forecast, by Component, Value (US$ Mn), 2017‒2031

    Table 07: North America Terahertz Components and Systems Market Size & Forecast, by Type, Value (US$ Mn), 2017‒2031

    Table 08: North America Terahertz Components and Systems Market Size & Forecast, by Application, Value (US$ Mn), 2017‒2031

    Table 09: North America Terahertz Components and Systems Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 10: North America Terahertz Components and Systems Market Size & Forecast, by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Table 11: Europe Terahertz Components and Systems Market Size & Forecast, by Component, Value (US$ Mn), 2017‒2031

    Table 12: Europe Terahertz Components and Systems Market Size & Forecast, by Type, Value (US$ Mn), 2017‒2031

    Table 13: Europe Terahertz Components and Systems Market Size & Forecast, by Application, Value (US$ Mn), 2017‒2031

    Table 14: Europe Terahertz Components and Systems Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 15: Europe Terahertz Components and Systems Market Size & Forecast, by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Table 16: Asia Pacific Terahertz Components and Systems Market Size & Forecast, by Component, Value (US$ Mn), 2017‒2031

    Table 17: Asia Pacific Terahertz Components and Systems Market Size & Forecast, by Type, Value (US$ Mn), 2017‒2031

    Table 18: Asia Pacific Terahertz Components and Systems Market Size & Forecast, by Application, Value (US$ Mn), 2017‒2031

    Table 19: Asia Pacific Terahertz Components and Systems Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 20: Asia Pacific Terahertz Components and Systems Market Size & Forecast, by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Table 21: Middle East & Africa Terahertz Components and Systems Market Size & Forecast, by Component, Value (US$ Mn), 2017‒2031

    Table 22: Middle East & Africa Terahertz Components and Systems Market Size & Forecast, by Type, Value (US$ Mn), 2017‒2031

    Table 23: Middle East & Africa Terahertz Components and Systems Market Size & Forecast, by Application, Value (US$ Mn), 2017‒2031

    Table 24: Middle East & Africa Terahertz Components and Systems Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 25: Middle East & Africa Terahertz Components and Systems Market Size & Forecast, by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Table 26: South America Terahertz Components and Systems Market Size & Forecast, by Component, Value (US$ Mn), 2017‒2031

    Table 27: South America Terahertz Components and Systems Market Size & Forecast, by Type, Value (US$ Mn), 2017‒2031

    Table 28: South America Terahertz Components and Systems Market Size & Forecast, by Application, Value (US$ Mn), 2017‒2031

    Table 29: South America Terahertz Components and Systems Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 30: South America Terahertz Components and Systems Market Size & Forecast, by Country & Sub-region, Value (US$ Mn), 2017‒2031

    List of Figures

    Figure 01: Global Terahertz Components and Systems Market, Year-on-Year Growth, Overview, 2018-2031 

    Figure 02: Global Terahertz Components and Systems Market Projections by Component, Value (US$ Mn), 2017‒2031 

    Figure 03: Global Terahertz Components and Systems Market, Incremental Opportunity, by Component, Value (US$ Mn), 2022‒2031

    Figure 04: Global Terahertz Components and Systems Market Share Analysis, by Component, 2022 and 2031

    Figure 05: Global Terahertz Components and Systems Market Projections by Type, Value (US$ Mn), 2017‒2031 

    Figure 06: Global Terahertz Components and Systems Market, Incremental Opportunity, by Type, Value (US$ Mn), 2022‒2031

    Figure 07: Global Terahertz Components and Systems Market Share Analysis, by Type, 2022 and 2031

    Figure 08: Global Terahertz Components and Systems Market Projections by Application, Value (US$ Mn), 2017‒2031 

    Figure 09: Global Terahertz Components and Systems Market, Incremental Opportunity, by Application, Value (US$ Mn), 2022‒2031

    Figure 10: Global Terahertz Components and Systems Market Share Analysis, by Application, 2022 and 2031

    Figure 11: Global Terahertz Components and Systems Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031 

    Figure 12: Global Terahertz Components and Systems Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 13: Global Terahertz Components and Systems Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 14: Global Terahertz Components and Systems Market Projections by Region, Value (US$ Mn), 2017‒2031 

    Figure 15: Global Terahertz Components and Systems Market, Incremental Opportunity, by Region, Value (US$ Mn), 2022‒2031

    Figure 16: Global Terahertz Components and Systems Market Share Analysis, by Region, 2022 and 2031

    Figure 17: North America Terahertz Components and Systems Market, Year-on-Year Growth, Overview, 2018-2031 

    Figure 18: North America Terahertz Components and Systems Market Projections by Component, Value (US$ Mn), 2017‒2031 

    Figure 19: North America Terahertz Components and Systems Market, Incremental Opportunity, by Component, Value (US$ Mn), 2022‒2031

    Figure 20: North America Terahertz Components and Systems Market Share Analysis, by Component, 2022 and 2031

    Figure 21: North America Terahertz Components and Systems Market Projections by Type, Value (US$ Mn), 2017‒2031 

    Figure 22: North America Terahertz Components and Systems Market, Incremental Opportunity, by Type, Value (US$ Mn), 2022‒2031

    Figure 23: North America Terahertz Components and Systems Market Share Analysis, by Type, 2022 and 2031

    Figure 24: North America Terahertz Components and Systems Market Projections by Application, Value (US$ Mn), 2017‒2031 

    Figure 25: North America Terahertz Components and Systems Market, Incremental Opportunity, by Application, Value (US$ Mn), 2022‒2031

    Figure 26: North America Terahertz Components and Systems Market Share Analysis, by Application, 2022 and 2031

    Figure 27: North America Terahertz Components and Systems Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031 

    Figure 28: North America Terahertz Components and Systems Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 29: North America Terahertz Components and Systems Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 30: North America Terahertz Components and Systems Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Figure 31: North America Terahertz Components and Systems Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2022‒2031

    Figure 32: North America Terahertz Components and Systems Market Share Analysis, by Country & Sub-region, 2022 and 2031

    Figure 33: Europe Terahertz Components and Systems Market, Year-on-Year Growth, Overview, 2018-2031 

    Figure 34: Europe Terahertz Components and Systems Market Projections by Component, Value (US$ Mn), 2017‒2031 

    Figure 35: Europe Terahertz Components and Systems Market, Incremental Opportunity, by Component, Value (US$ Mn), 2022‒2031

    Figure 36: Europe Terahertz Components and Systems Market Share Analysis, by Component, 2022 and 2031

    Figure 37: Europe Terahertz Components and Systems Market Projections by Type, Value (US$ Mn), 2017‒2031 

    Figure 38: Europe Terahertz Components and Systems Market, Incremental Opportunity, by Type, Value (US$ Mn), 2022‒2031

    Figure 39: Europe Terahertz Components and Systems Market Share Analysis, by Type, 2022 and 2031

    Figure 40: Europe Terahertz Components and Systems Market Projections by Application, Value (US$ Mn), 2017‒2031 

    Figure 41: Europe Terahertz Components and Systems Market, Incremental Opportunity, by Application, Value (US$ Mn), 2022‒2031

    Figure 42: Europe Terahertz Components and Systems Market Share Analysis, by Application, 2022 and 2031

    Figure 43: Europe Terahertz Components and Systems Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031 

    Figure 44: Europe Terahertz Components and Systems Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 45: Europe Terahertz Components and Systems Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 46: Europe Terahertz Components and Systems Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Figure 47: Europe Terahertz Components and Systems Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2022‒2031

    Figure 48: Europe Terahertz Components and Systems Market Share Analysis, by Country & Sub-region, 2022 and 2031

    Figure 49: Asia Pacific Terahertz Components and Systems Market, Year-on-Year Growth, Overview, 2018-2031 

    Figure 50: Asia Pacific Terahertz Components and Systems Market Projections by Component, Value (US$ Mn), 2017‒2031 

    Figure 51: Asia Pacific Terahertz Components and Systems Market, Incremental Opportunity, by Component, Value (US$ Mn), 2022‒2031

    Figure 52: Asia Pacific Terahertz Components and Systems Market Share Analysis, by Component, 2022 and 2031

    Figure 53: Asia Pacific Terahertz Components and Systems Market Projections by Type, Value (US$ Mn), 2017‒2031 

    Figure 54: Asia Pacific Terahertz Components and Systems Market, Incremental Opportunity, by Type, Value (US$ Mn), 2022‒2031

    Figure 55: Asia Pacific Terahertz Components and Systems Market Share Analysis, by Type, 2022 and 2031

    Figure 56: Asia Pacific Terahertz Components and Systems Market Projections by Application, Value (US$ Mn), 2017‒2031 

    Figure 57: Asia Pacific Terahertz Components and Systems Market, Incremental Opportunity, by Application, Value (US$ Mn), 2022‒2031

    Figure 58: Asia Pacific Terahertz Components and Systems Market Share Analysis, by Application, 2022 and 2031

    Figure 59: Asia Pacific Terahertz Components and Systems Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031 

    Figure 60: Asia Pacific Terahertz Components and Systems Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 61: Asia Pacific Terahertz Components and Systems Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 62: Asia Pacific Terahertz Components and Systems Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Figure 63: Asia Pacific Terahertz Components and Systems Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2022‒2031

    Figure 64: Asia Pacific Terahertz Components and Systems Market Share Analysis, by Country & Sub-region, 2022 and 2031

    Figure 65: Middle East & Africa Terahertz Components and Systems Market, Year-on-Year Growth, Overview, 2017-2031 

    Figure 66: Middle East & Africa Terahertz Components and Systems Market Projections by Component, Value (US$ Mn), 2017‒2031 

    Figure 67: Middle East & Africa Terahertz Components and Systems Market, Incremental Opportunity, by Component, Value (US$ Mn), 2022‒2031

    Figure 68: Middle East & Africa Terahertz Components and Systems Market Share Analysis, by Component, 2022 and 2031

    Figure 69: Middle East & Africa Terahertz Components and Systems Market Projections by Type, Value (US$ Mn), 2017‒2031 

    Figure 70: Middle East & Africa Terahertz Components and Systems Market, Incremental Opportunity, by Type, Value (US$ Mn), 2022‒2031

    Figure 71: Middle East & Africa Terahertz Components and Systems Market Share Analysis, by Type, 2022 and 2031

    Figure 72: Middle East & Africa Terahertz Components and Systems Market Projections by Application, Value (US$ Mn), 2017‒2031 

    Figure 73: Middle East & Africa Terahertz Components and Systems Market, Incremental Opportunity, by Application, Value (US$ Mn), 2022‒2031

    Figure 74: Middle East & Africa Terahertz Components and Systems Market Share Analysis, by Application, 2022 and 2031

    Figure 75: Middle East & Africa Terahertz Components and Systems Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031 

    Figure 76: Middle East & Africa Terahertz Components and Systems Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 77: Middle East & Africa Terahertz Components and Systems Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 78: Middle East & Africa Terahertz Components and Systems Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Figure 79: Middle East & Africa Terahertz Components and Systems Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2022‒2031

    Figure 80: Middle East & Africa Terahertz Components and Systems Market Share Analysis, by Country & Sub-region, 2022 and 2031

    Figure 81: South America Terahertz Components and Systems Market, Year-on-Year Growth, Overview, 2018-2031 

    Figure 82: South America Terahertz Components and Systems Market Projections by Component, Value (US$ Mn), 2017‒2031 

    Figure 83: South America Terahertz Components and Systems Market, Incremental Opportunity, by Component, Value (US$ Mn), 2022‒2031

    Figure 84: South America Terahertz Components and Systems Market Share Analysis, by Component, 2022 and 2031

    Figure 85: South America Terahertz Components and Systems Market Projections by Type, Value (US$ Mn), 2017‒2031 

    Figure 86: South America Terahertz Components and Systems Market, Incremental Opportunity, by Type, Value (US$ Mn), 2022‒2031

    Figure 87: South America Terahertz Components and Systems Market Share Analysis, by Type, 2022 and 2031

    Figure 88: South America Terahertz Components and Systems Market Projections by Application, Value (US$ Mn), 2017‒2031 

    Figure 89: South America Terahertz Components and Systems Market, Incremental Opportunity, by Application, Value (US$ Mn), 2022‒2031

    Figure 90: South America Terahertz Components and Systems Market Share Analysis, by Application, 2022 and 2031

    Figure 91: South America Terahertz Components and Systems Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031 

    Figure 92: South America Terahertz Components and Systems Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 93: South America Terahertz Components and Systems Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 94: South America Terahertz Components and Systems Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031 

    Figure 95: South America Terahertz Components and Systems Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2022‒2031

    Figure 96: South America Terahertz Components and Systems Market Share Analysis, by Country & Sub-region, 2022 and 2031

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