Terahertz Radiation Systems: Technologies and Global Markets

 Published On: Jun, 2015 |    No of Pages: 150 |  Published By: BCC Research-JT Gabrielsen Consulting LLC Research | Format: PDF
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The global market for terahertz radiation devices and systems reached $53.4 million and $54.7 million in 2013 and 2014, respectively. This market is forecasted to grow at a compound annual growth rate (CAGR) of 40.4% to reach $298.5 million in 2019 and is also forecasted to reach $1.2 billion in 2024 at a CAGR of 32.3%.

This report provides:
-An overview of the global market for terahertz radiation (THz) systems.
-Analyses of global market trends, with data from 2013 and 2014, and projections of compound annual growth rates (CAGRs) through 2019 and 2024.
-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 2019.
-Assessments of promising THz applications in the context of user needs and competing technologies.
-Industry structure.
-Patent analysis.

INTRODUCTION

STUDY BACKGROUND
Over the last 100 years or so, physicists and engineers have progressively learned to exploit new areas of the electromagnetic spectrum. Starting with visible light, they have developed technologies for generating and detecting radiation at both higher and lower frequencies.

Sandwiched between the optical on the short wavelength side and radio on the long wavelength extreme, the terahertz (THz) frequency range (also called the far infrared or submillimeter-wave region) has been the least explored and developed portion of the electromagnetic spectrum. The potential usefulness of THz radiation, with its ability to penetrate a wide range of nonconducting materials, has been known for a long time.The first images generated using THz radiation date from as far back as the 1960s.

However, practical applications of THz radiation have been longer in coming, due to the so-called “terahertz gap.” The terahertz gap refers to the technologies needed to generate, channel and detect THz radiation subject to real-world constraints such as size, cost and operating temperatures. Recent developments in THz radiation sources, detectors and waveguides have started to close the terahertz gap, opening up a range of potential applications in transportation security, medical imaging, nondestructive testing and other fields.

STUDY GOALS AND OBJECTIVES
This report is an update of an earlier BCC Research report, published in 2013. 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. Specific objectives include:
-Identifying the THz applications that are most likely to achieve significant commercial sales by 2024.
-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 2024.
-Identifying companies that are well positioned to profit from these trends.

INTENDED AUDIENCE
This report is intended especially for marketing executives, entrepreneurs, investors, venture capitalists and other readers with a need to know where the emerging market for THz radiation devices is headed over the next 10 years. Although the report is organized around specific technologies, it is largely nontechnical in nature and coverage. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase and at what price.

The report has not been written specifically for scientists and technologists. However, the report’s findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications, should interest them as well.

SCOPE AND FORMAT
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.

The study format includes the following major elements:
-Executive summary.
-Definitions.
-General properties of THz radiation.
-Historical milestones in the development of THz radiation devices.
-Emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2024.
-Detailed market estimates and projections for each technology and application during the period 2014 to 2019
-General assessment of expected market trends in the longer term (2019 to 2024).
-Industry structure.
-Patent analysis.

INFORMATION SOURCES AND METHODOLOGY
Projecting the market for emerging technologies, whose commercial potential has not yet been proven, is a challenging task. This is nowhere truer than the THz radiation field, which may help to explain why many analysts focus on supply-side technology assessments.

However, BCC Research’s objective in this report is to provide not just a technology assessment but also an initial commercial assessment of the potential commercial market for THz devices. To accomplish this objective, BCC Research used a multiphase approach to identify the technologies with the greatest commercial potential and quantify the related markets.

In the first phase of the analysis, BCC Research identified a long list of THz technologies and applications, including those that are still under development. In the second phase, BCC Research eliminated those applications that appear to have little likelihood of making it into commercial use in the next five to 10 years, which was accomplished through a literature review and interviews with industry sources. The result of phase two was a short list of THz technologies with the greatest commercial potential over the time period covered by this report.

The third phase focused on quantifying the potential market for each short-listed THz technology, by application, and identifying the main prerequisites for commercial success. Phase three actually had two phases: 1) development of near- to midterm (2014 to 2019) projections, and 2) development of longer-term (2019 to 2024) projections.

The development of such long-term projections is a departure from the usual BCC Research report format, necessitated by the long time frame for commercialization of many of the technologies analyzed in this report. Obviously, the projections for the out-years beyond 2019 are more tentative than the projections for 2014 to 2019.

The specific assumptions and approach BCC Research used to develop the projections (both near-/midterm and long-term) for each THz technology and application are documented in detail under the various segments addressed. This way, readers can see how the market estimates were developed and, if they so desire, test the impact on the final numbers of changing the underlying assumptions.

One of the approaches used by BCC Research deserves special mention here. Particularly in the case of THz applications that are still under development, BCC Research used the sales performance of non-THz applications that share some of the same functions or other characteristics with the respective THz applications as a benchmark for assessing the latter’s sales potential.

Chapter- 1: INTRODUCTION - Complimentary 4 $0
STUDY BACKGROUND
STUDY GOALS AND OBJECTIVES
INTENDED AUDIENCE
SCOPE AND FORMAT
INFORMATION SOURCES AND METHODOLOGY
ANALYST'S CREDENTIALS
RELATED BCC RESEARCH REPORTS
BCC RESEARCH WEBSITE
DISCLAIMER

Chapter- 2: EXECUTIVE SUMMARY 3 $250
Table 0A : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY TYPE, THROUGH 2024
Figure 0A : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY TYPE, 2013-2024
Table 0B : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY APPLICATION, THROUGH 2024
Figure 0B : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY APPLICATION, 2013-2024

Chapter- 3: OVERVIEW 27 $1796
GENERAL DESCRIPTION OF TERAHERTZ RADIATION
THZ ENABLING TECHNOLOGIES
TYPES OF THZ SYSTEMS
POTENTIAL THZ END USES AND APPLICATIONS
OVERALL MARKET SIZE AND SEGMENTATION

Chapter- 4: TERAHERTZ IMAGING SYSTEMS: TECHNOLOGIES, APPLICATIONS AND MARKETS 30 $1995
TECHNOLOGIES
MANUFACTURERS
END USES AND APPLICATIONS
MARKETS

Chapter- 5: TERAHERTZ SPECTROSCOPES: TECHNOLOGIES, APPLICATIONS AND MARKETS 7 $466
TECHNOLOGIES
END USES AND APPLICATIONS
MANUFACTURERS
MARKETS

Chapter- 6: TERAHERTZ SENSORS: TECHNOLOGIES, APPLICATIONS AND MARKETS 9 $599
TECHNOLOGIES
APPLICATIONS
MARKETS

Chapter- 7: TERAHERTZ COMMUNICATION SYSTEMS: TECHNOLOGIES, APPLICATIONS AND MARKETS 13 $865
TECHNOLOGIES
END USES AND APPLICATIONS
MARKETS

Chapter- 8: TERAHERTZ COMPUTING: TECHNOLOGIES, APPLICATIONS AND MARKETS 4 $266
TECHNOLOGIES
END USES AND APPLICATIONS
MARKET

Chapter- 9: OTHER TERAHERTZ TECHNOLOGIES, APPLICATIONS AND MARKETS 2 $133
TECHNOLOGIES
END USES AND APPLICATIONS
MARKET

Chapter- 10: INDUSTRY STRUCTURE 5 $333
NATIONALITY
ANNUAL SALES
PRODUCT SPECIALIZATION
COMMERCIALIZATION

Chapter- 11: GOVERNMENT-SPONSORED THZ RESEARCH PROGRAMS 11 $732
UNITED STATES
EUROPE

Chapter- 12: APPENDIX A COMPANY PROFILES 19 $1264
COMPANIES THAT ARE PRODUCING OR KNOWN TO BE DEVELOPING THZ RADIATION-BASED PRODUCTS
OTHER COMPANIES THAT ARE CONDUCTING OR HAVE CONDUCTED THZ RESEARCH AND DEVELOPMENT

Chapter- 13: APPENDIX B THZ RESEARCH PROGRAMS 9 $599
NORTH AMERICA-BASED ORGANIZATIONS
FOREIGN-BASED ORGANIZATIONS

Chapter- 14: APPENDIX C PATENT ANALYSIS 7 $466
PATENT ANALYSIS

List of Tables
Summary Table B : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY APPLICATION, THROUGH 2024
Summary Table A : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY TYPE, THROUGH 2024
Table 1 : POTENTIAL END USES AND APPLICATIONS OF THZ RADIATION
Table 2 : GLOBAL MARKET FOR THZ SYSTEMS BY END-USER SEGMENT, THROUGH 2024
Table 3 : COMPANIES MANUFACTURING/DEVELOPING TERAHERTZ IMAGING DEVICES
Table 4 : POTENTIAL THZ IMAGING END USES AND APPLICATIONS
Table 5 : THZ NONDESTRUCTIVE TESTING APPLICATIONS
Table 6 : GLOBAL MARKET FOR THZ IMAGING BY APPLICATION, THROUGH 2024
Table 7 : GLOBAL MARKET FOR TERAHERTZ AND OTHER AIRPORT SECURITY SCREENING EQUIPMENT, THROUGH 2024
Table 8 : GLOBAL MARKET FOR TERAHERTZ IMAGING DEVICES FOR HEALTHCARE APPLICATIONS, THROUGH 2024
Table 9 : GLOBAL MARKET FOR TERAHERTZ MEDICAL IMAGING APPLICATIONS, THROUGH 2024
Table 10 : GLOBAL MARKET FOR INTRAOPERATIVE IMAGING EQUIPMENT, THROUGH 2024
Table 11 : GLOBAL MARKET FOR INTRAOPERATIVE TERAHERTZ IMAGING EQUIPMENT, THROUGH 2024
Table 12 : GLOBAL MARKET FOR TERAHERTZ SKIN CANCER IMAGING EQUIPMENT, THROUGH 2024
Table 13 : GLOBAL MARKET FOR TERAHERTZ ENDOSCOPES, THROUGH 2024
Table 14 : GLOBAL MARKET FOR TERAHERTZ DENTAL CARIES IMAGING EQUIPMENT, THROUGH 2024
Table 15 : GLOBAL MARKET FOR TERAHERTZ BURN DIAGNOSTIC INSTRUMENTS, THROUGH 2024
Table 16 : GLOBAL MARKET FOR TERAHERTZ IMAGING EQUIPMENT FOR NDT APPLICATIONS, THROUGH 2024
Table 17 : GLOBAL MARKET FOR TERAHERTZ ASTRONOMICAL IMAGING EQUIPMENT, THROUGH 2024
Table 18 : GLOBAL MARKET FOR TERAHERTZ MILITARY RADAR APPLICATIONS, THROUGH 2024
Table 19 : GLOBAL MARKET FOR COMPACT, LOW-COST THZ CAMERAS, THROUGH 2024
Table 20 : COMPANIES MANUFACTURING/ DEVELOPING TERAHERTZ SPECTROSCOPES
Table 21 : GLOBAL MARKET FOR TERAHERTZ SPECTROSCOPY EQUIPMENT FOR SCIENTIFIC RESEARCH APPLICATIONS, THROUGH 2024
Table 22 : POTENTIAL THZ SENSOR END USES AND APPLICATIONS
Table 23 : GLOBAL MARKET FOR TERAHERTZ SENSORS BY END-USER SEGMENT, THROUGH 2024
Table 24 : GLOBAL SECURITY/PUBLIC SAFETY MARKET FOR THZ CHEMICAL WARFARE AGENT AND TOXIC CHEMICAL DETECTORS, THROUGH 2024
Table 25 : GLOBAL MARKET FOR TERAHERTZ BIOCHIPS USED IN MEDICAL DIAGNOSTICS APPLICATIONS, THROUGH 2024
Table 26 : GLOBAL MARKET FOR TERAHERTZ BIOCHIPS USED IN INDUSTRIAL PROCESS AND QUALITY CONTROL, THROUGH 2024
Table 27 : GLOBAL MARKET FOR TERAHERTZ BIOCHIPS USED IN INDUSTRIAL PROCESS AND QUALITY CONTROL, THROUGH 2024
Table 28 : GLOBAL MARKET FOR TERAHERTZ BIOCHIPS USED IN MEASUREMENT OF PACKAGE MOISTURE CONTROL, THROUGH 2024
Table 29 : GLOBAL MARKET FOR TERAHERTZ MOISTURE SENSORS USED IN AGRICULTURE, THROUGH 2024
Table 30 : GLOBAL MILITARY/DEFENSE MARKET FOR THZ CHEMICAL WARFARE AGENT AND TOXIC CHEMICAL DETECTORS, THROUGH 2024
Table 31 : GLOBAL MARKET FOR THZ COMMUNICATIONS EQUIPMENT BY END-USER SEGMENT, THROUGH 2024
Table 32 : GLOBAL MARKET FOR TERAHERTZ DEVICES USED IN CIVILIAN COMMUNICATIONS, THROUGH 2024
Table 33 : GLOBAL MARKET FOR TERAHERTZ CIVILIAN SATELLITE-TO-SATELLITE COMMUNICATIONS, THROUGH 2024
Table 34 : GLOBAL MARKET FOR TERAHERTZ INDOOR COMMUNICATIONS EQUIPMENT, THROUGH 2024
Table 35 : GLOBAL MARKET FOR TERAHERTZ COMMUNICATION DEVICES USED IN MILITARY APPLICATIONS, THROUGH 2024
Table 36 : GLOBAL MARKET FOR TERAHERTZ TACTICAL COMMUNICATIONS EQUIPMENT, THROUGH 2024
Table 37 : GLOBAL MARKET FOR TERAHERTZ MILITARY SATELLITE-TO-SATELLITE COMMUNICATIONS, THROUGH 2024
Table 38 : GLOBAL MARKET FOR THZ HIGH PERFORMANCE COMPUTING INTERCONNECTS, THROUGH 2024
Table 39 : MAJOR THZ IP PORTFOLIOS

List of Figures
Summary Figure : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY TYPE, 2013-2024
Summary Figure A : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY TYPE, 2013-2024
Summary Figure B : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY APPLICATION, 2013-2024
Figure 1 : SPLIT RING RESONATOR
Summary Figure 1 : GLOBAL MARKET FOR TERAHERTZ RADIATION DEVICES AND SYSTEMS BY APPLICATION, 2013-2024
Figure 2 : TRENDS IN GLOBAL MARKET FOR THZ SYSTEMS, 2013-2024
Figure 3 : GLOBAL MARKET SHARES FOR THZ BY END-USER SEGMENT, 2013-2024
Figure 4 : TRENDS IN GLOBAL MARKET FOR TERAHERTZ IMAGING SYSTEMS BY END USE, 2013-2024
Figure 5 : TRENDS IN THZ IMAGING SYSTEM MARKET SHARES BY APPLICATION, 2013-2024
Figure 6 : GLOBAL MARKET SHARES FOR INTRAOPERATIVE IMAGING TECHNOLOGIES, 2013
Figure 7 : GLOBAL MARKET FOR TERAHERTZ SPECTROSCOPY SYSTEMS, 2013-2024
Figure 8 : GLOBAL MARKET FOR TERAHERTZ SENSORS BY END-USER SEGMENT, 2013-2024
Figure 9 : TERAHERTZ SENSOR MARKET SHARES BY END-USER SEGMENT, 2013-2024
Figure 10 : GLOBAL MARKET FOR TERAHERTZ COMMUNICATIONS EQUIPMENT BY END-USER SEGMENT, 2013-2024
Figure 11 : TRENDS IN THZ COMMUNICATION MARKET SHARES BY END-USER SEGMENT, 2013-2024
Figure 12 : TERAHERTZ COMPANIES BY NATIONALITY, 2013
Figure 13 : TERAHERTZ COMPANIES SEGMENTED BY TOTAL ANNUAL REVENUES, 2013
Figure 14 : TERAHERTZ COMPANIES BY TYPE OF OWNERSHIP, 2013
Figure 15 : TERAHERTZ COMPANIES SPECIALIZING IN THZ TECHNOLOGY VS. COMPANIES WITH OTHER PRODUCT LINES, 2013
Figure 16 : TERAHERTZ COMPANIES WITH COMMERCIAL PRODUCT, 2013
Figure 17 : SUMMARY OF U.S. TERAHERTZ TECHNOLOGY PATENTS AND PATENT APPLICATIONS AS OF NOV. 1, 2014
Figure 18 : U.S. PATENTS AND PATENT APPLICATIONS FOR THZ COMPONENTS AND SUBSYSTEMS AS OF NOV. 1, 2014
Figure 19 : U.S. PATENTS AND PATENT APPLICATIONS FOR COMPLETE THZ SYSTEMS AS OF NOV. 1, 2014
Figure 20 : U.S. TERAHERTZ TECHNOLOGY PATENTS AND PATENT APPLICATIONS BY NATIONALITY OF GRANTEE OR APPLICANT AS OF NOV. 1, 2014
Figure 21 : U.S. TERAHERTZ TECHNOLOGY PATENTS AND PATENT APPLICATIONS BY TYPE OF GRANTEE OR APPLICANT AS OF NOV. 1, 2014


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