Terahertz Technology - Global Market Outlook (2016-2022)

NEW YORK, Dec. 6, 2016 /PRNewswire/ -- According to Stratistics MRC, the Global Terahertz Technology Market accounted for $84.53 million in 2015 and is expected to reach $491.27 million by 2022 growing at a CAGR of 28.5% from 2015 to 2022. Growing demand from defence and healthcare sectors and the high adoption rate of the technology in laboratory research applications are driving the market growth. The growing recognition of the optoelectronic approaches further assists the market growth. Technological advancements generate more opportunities for the adoption of terahertz technology for a range of new applications.

By Type, THz imaging segment is expected to dominate the overall terahertz technology market in 2016 and is projected to sustain its growth over the forecast period. This is attributed to non-ionizing and harmless nature of terahertz electromagnetic waves. APAC is expected to grow at the highest CAGR during the forecast period owing to the increased R&D investments in countries such as China, India, and Japan of this region.

Some of the key players in the market are Traycer, Toptica Photonics AG, Teraview, Terasense, QMC Instruments Ltd., Microtech Instrument Inc., Menlo Systems GmbH, Insight Product Co., Gentec Electro-Optics, Digital Barriers PLC, Del Mar Photonics, Inc., Advantest Corporation, Advanced Photonix, Inc. and ACAL PLC.

Types Covered:
- Terahertz Spectroscopy
o Terahertz Time Domain Spectroscopy
o Terahertz Frequency Domain Spectroscopy
- Terahertz Communication Systems
o Modulators
o Emitters
o Antennas
- Terahertz Imaging
o Passive Terahertz Imaging Systems
o Active Terahertz Imaging Systems

Sources Covered:

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SOURCE Reportlinker

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