Global terahertz radiation systems market

Global Terahertz Radiation Systems Market

The global market for terahertz radiation devices and systems reached $56.4 million in 2016. This market is expected to increase from $57.3 million in 2017 to $335.1 million in 2022 and $1.3 billion in 2027 at a compound annual growth rate (CAGR) of 42.4% for 2017-2022.

Report Includes •An overview of the global market for terahertz radiation (THz) systems.

•Analyses of global market trends, with data from 2016, estimates for 2017, 2022 and 2027 and projections of compound annual growth rates (CAGRs) through 2027.

•Identification of the classes of devices, including imaging devices, spectroscopes, other sensors, communications devices, and computing devices.

•Examination of general properties of THz radiation.

•Historical milestones in the development of THz radiation devices.

•Discussion of emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2027.

This report is an update of an earlier Research report, published in 2015. The overall goals of this report include assessing the technological process that has been made toward bridging the terahertz gap and assessing the commercial potential of THz radiation devices over the next five to 10 years.

 Identifying the THz applications that are most likely to achieve significant commercial sales by 2027.  Assessing any remaining barriers to their commercialization, and developing quantitative estimates of potential sales.  Analyzing promising THz applications in the context of user needs and competing technologies.  Developing quantitative market projections through 2027.  Identifying companies that are well positioned to profit from these trends.

It considers the time appropriate for an update. There is a growing interest in terahertz radiation applications and markets. As Henrij Komrij, General Manager of Keysight Technologies (Santa Rosa, Calif.), expressed it,” it’s a combination of the technology being advanced and the drivers in the market driving more research and investment into the technology of terahertz applications.”

The report addresses the emerging global market for THz radiation devices, including the classes of devices listed below. Imaging devices. Spectroscopes. Other sensors. Communications devices. Computing devices.

Both primary and secondary research methodologies were used in preparing this study.

A comprehensive review of the literature related to the applications and technology of rigid clear polymers and significant new developments was undertaken. Supplier and trade literature, texts and monographs were included in the review.

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