Report Highlights
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%.
Report Includes
- 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.
Report Scope
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.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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Report Highlights
BCC estimates the total market for THz systems was valued at $50.2 million in 2012. The market should increase slightly by the end of 2013 to $51.3 million. The development of new commercial THz applications should push the market to $195.3 million in 2018. The diversification of the THz market is expected to accelerate after 2018, and the total market should exceed $942 million by 2023.
Report Highlights
BCC estimates the market for terahertz (THz) radiation devices totaled $83.7 million in 2011. This market will grow to $127 million in 2016. The diversification of the THz market is expected to accelerate after 2016, and the total market should reach $570 million by 2021, a compounded annual growth rate (CAGR) of 35% from 2016 to 2021.
Report Highlights
- The global market for THz radiation devices and systems was worth an estimated $77.2 million in 2008. This is expected to decrease slightly to $63.2 million in 2013, but then to increase to $521.4 million in 2018, for a compound annual growth rate (CAGR) of 52.5%.
- Imaging systems generated an estimated $71.8 million in 2008. This is expected to decrease in 2013 and reach $206.7 million in 2018, for a CAGR of 37.2%.
- Spectroscopy systems were worth an estimated $5.4 million in 2008. This should increase to $7.7 million in 2013, for a CAGR of 7.4%.
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