Terahertz Radiation Systems: Technologies and Global Markets

 Published On: Jun, 2017 |    No of Pages: 148 |  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 $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.
-Assessments of promising THz applications in the context of user needs and competing technologies.
-Industry structure.
-Patent analysis.

Study Goals and Objectives
This report is an update of an earlier BCC 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.

Specific objectives include:

-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.

Reasons for Doing This Study
BCC 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.”

Scope of Report
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 2027.
-Detailed market estimates and projections for each technology and application during the period 2017 to 2022.
-General assessment of expected market trends in the longer term (2022 to 2027).
-Industry structure.
-Patent analysis.

Information Sources
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.

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.

BCC Research’s objective in this report is to provide not just a technology assessment, however, 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 (2017 to 2022) projections, and 2) development of longer-term (2022 to 2027) 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 2022 are more tentative than the projections for 2017 to 2022.

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.

Geographic Breakdown

The market projections in this report include the entire global market.
Chapter- 1: Introduction 5
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports

Chapter- 2: Summary and Highlights   2 $250
Table Summary : Global Market for Market for Terahertz Radiation Devices and Systems, by Type, Through 2027
Figure Summary : Global Market for Terahertz Radiation Devices and Systems, by Type, 2016-2027

Chapter- 3: Market and Technology Background  26 $1449
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 31 $1728
Technologies
Manufacturers
End Uses and Applications
Markets

Chapter- 5: Terahertz Spectroscopes     6 $334
Technologies
End Uses and Applications
Manufacturers
Markets

Chapter- 6: Terahertz Sensors 9 $502
Technologies
Applications
Markets

Chapter- 7: Terahertz Communications Systems  13 $725
Technologies
End Uses and Applications
Markets

Chapter- 8: Terahertz Computing 4 $223
Technologies
End Uses and Applications
Market

Chapter- 9: Other Terahertz Technologies 2  $111
Technologies
End Uses and Applications
Market

Chapter- 10: Industry Structure 4 $223
Nationality
Annual Sales
Product Specialization
Commercialization

Chapter- 11: Government-sponsored THz Research Programs 11 $613
United States
Europe
Japan

Chapter- 12: Patent Review/New Developments     7 $390
     
Chapter- 13: Company Profiles 19 $1059
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- 14: Appendix: Terahertz Research Programs 9 $502
North America-based Organizations
Foreign-based Organizations
Asia
Europe

List of Tables
Summary Table : Global Market for Market for Terahertz Radiation Devices and Systems, by Type, Through 2027
Table 1 : Potential End Uses and Applications of THz Radiation
Table 2 : Global Market for THz Systems, by End-user Segment, Through 2027
Table 3 : Companies Manufacturing or Developing THz 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 2027
Table 7 : Global Market for THz and Other Airport Security Screening Equipment, Through 2027
Table 8 : Global Market for THz Imaging Devices for Healthcare Applications, Through 2027
Table 9 : Global Market for THz Medical Imaging Devices Applications, Through 2027
Table 10 : Global Market for Intraoperative Imaging Equipment, Through 2027
Table 11 : Global Market for Intraoperative Terahertz Imaging Equipment, Through 2027
Table 12 : Global Market for Terahertz Skin Cancer Imaging Equipment, Through 2027
Table 13 : Global Market for Terahertz Endoscopes, Through 2027
Table 14 : Global Market for Terahertz Dental Caries Imaging Equipment, Through 2027
Table 15 : Global Market for Terahertz Burn Diagnostic Instruments, Through 2027
Table 16 : Global Market for Terahertz Imaging Equipment for NDT Applications, Through 2027
Table 17 : Global Market for Terahertz Astronomical Imaging Equipment, Through 2027
Table 18 : Global Market for Terahertz Military Radar Applications, Through 2027
Table 19 : Global Market for Compact, Low-cost THz Cameras, Through 2027
Table 20 : Companies Manufacturing and/or Developing THz Spectroscopes
Table 21 : Global Market for THz Spectroscopy Equipment for Scientific Research Applications, Through 2027
Table 22 : Potential THz Sensor End-uses and Applications
Table 23 : Global Market for THz Sensors, by End-user Segment, Through 2027
Table 24 : Global Security/Public Safety Market for THz Chemical Warfare Agent and Toxic Chemical Detectors, Through 2027
Table 25 : Global Market for THz Biochips used in Medical Diagnostics Applications, Through 2027
Table 26 : Global Market for THz Biochips used in Industrial Process and Quality Control, Through 2027
Table 27 : Global Market for THz Biochips used in Food Quality Testing, Through 2027
Table 28 : Global Market for THz Biochips used Measurement of Package Moisture, Through 2027
Table 29 : Global Market for THz Moisture Sensors used in Agriculture, Through 2027
Table 30 : Global Military/Defense Market for THz Chemical Warfare Agent and Toxic Chemical Detectors, Through 2027
Table 31 : Global Market for THz Communications Equipment, by End-user Segment, Through 2027
Table 32 : Global Market for THz Devices used in Civilian Communications, Through 2027
Table 33 : Global Market for THz Civilian Satellite-to-Satellite Communications, Through 2027
Table 34 : Global Market for THz Indoor Communications Equipment, Through 2027
Table 35 : Global Market for THz Communications Devices used in Military Applications, Through 2027
Table 36 : Global Market for THz Tactical Communications Equipment, Through 2027
Table 37 : Global Market for THz Military Satellite-to-Satellite Communications, Through 2027
Table 38 : Global Market for THz High-performance Computing Interconnects, Through 2027
Table 39 : Major THz IP Portfolios

List of Figures
Summary Figure : Global Market for Terahertz Radiation Devices and Systems, by Type, 2016-2027
Figure 1 : Split Ring Resonator
Figure 2 : Trends in Global Market for THz Systems, 2016-2027
Figure 3 : Global Market Shares for THz by End-user Segment, 2016-2027
Figure 4 : Trends in Global Market for THz Imaging, by Application, 2016-2027
Figure 5 : Trends in THz Imaging System Market Shares, by Application, 2016-2027
Figure 6 : Global Market Shares for Intraoperative Imaging Technologies, 2016
Figure 7 : Global Market for THz Spectroscopy Equipment for Scientific Research Applications, 2016-2027
Figure 8 : Global Market for THz Sensors, by End-user Segment, 2016-2027
Figure 9 : Global THz Sensor Market Shares, by End-user Segment, 2016-2027
Figure 10 : Global Market for THz Communications Equipment, by End-user Segment, 2016-2027
Figure 11 : Trends in THz Communications Market Shares, by End-user Segment, 2016-2027
Figure 12 : Share of Terahertz Companies, by Nationality, 2016
Figure 13 : Terahertz Companies Segmented, by Total Annual Revenues, 2016
Figure 14 : Terahertz Companies Segmented, by Type of Ownership, 2016
Figure 15 : Terahertz Companies Specializing in THz Technology vs. Companies with Other Product Lines, 2016
Figure 16 : Terahertz Companies with Commercial Product, 2016
Figure 17 : Summary of U.S. Terahertz Technology Patents and Patent Applications as of March 31, 2017
Figure 18 : U.S. Patents and Patent Applications for THz Components and Subsystems as of March 31, 2017
Figure 19 : U.S. Patents and Patent Applications for Complete THz Systems as of March 31, 2017
Figure 20 : U.S. Terahertz Technology Patents and Patent Applications by Nationality of Grantee or Applicant as of March 31, 2017
Figure 21 : U.S. Terahertz Technology Patents and Patent Applications by Type of Grantee or Applicant as of March 31, 2017

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