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Terahertz components and systems Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Terahertz components and systems Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Terahertz components and systems Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 25 May 2020
  • Report ID: ICT&S 003
  • Pages:167
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Terahertz spectroscopy denotes electromagnetic fields to detects and controls properties of matter. The frequency range between a few hundred gigahertz and several terahertz. The advantages offered by terahertz technology is widely used in industries for quality check and process control monitoring. In addition, the detection of impurities in the pharmaceutical industry and security screening has led to wide acceptance of terahertz technology, consecutively driving the terahertz components and systems market. Further, the rising usage of terahertz technology in laboratories are anticipated to boost the demand for terahertz components. According to a study published by Insure Insights, the global terahertz components and system market is expected to grow at a CAGR of 24.7% during the forecast period.

Top Driver: Robust Demand for Legal Expert and Security Systems with Cognitive Abilities

The substantial increase in the application of terahertz technology for characterization and thickness mapping of ceramic, dielectric, and composite materials is one of the significant driving factors for the market. Rising Incidences of chronic diseases like cancer and other skin disorders have led to surging demand for advanced technology-based devices for better and quick detection for fast recovery. In turn, this is stimulating the application of terahertz radiations in various high-end medical devices across the world. The growing concern towards homeland security has encouraged the government to take initiatives concerning security in high alert zones like railway stations, airports, and metro stations.

However, the high cost associated with terahertz devices is anticipated to hinder the market’s growth during the forecast period.

 Terahertz Sources to Make Crucial Contribution to Growth of Market

On the basis of component, the terahertz components and systems market was segmented into Terahertz Sources, Terahertz Detectors, Others. The terahertz sources segment was expected to be the fastest growing segment in the market owing to its high demand in industrial sector. On the basis of systems, the market is segmented into Systems based on spectroscopy, Terahertz Radar, Terahertz Sensing. On the basis of application the market is segmented into Nondestructive Testing, Industrial Process Management, Research Laboratory, Medical Imaging, Others.

Rising Investments to Benefit North America Market

The market in North America is anticipated to gain the largest share of the global terahertz technology market in the recent years. The market in APAC is expected to grow at the highest CAGR in the near future. The number of manufacturing companies is surging in several developing countries, such as China, India, and Japan, in the region, which is driving the growth of the market in APAC. Furthermore, shifting consumer landscape which includes, consumer adoption levels, the demographic factors, and economic factors are anticipated to help the market growth in the near future.

Players to Focus on Terahertz Components and Systems Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. M Squared Lasers Ltd., Advantest Corp, NEC Corp, Bridge12 Technologies Inc., Applied Research & Photonics Inc., Microtech Instruments Inc., Bruker Corp, Menlo Systems GmbH, Digital Barriers PLC, TeraView, EMCORE Corp, and Techcomp Group Ltd.among others could be at the forefront of the competition in the global market.

Bruker Corporation: In March 2019, Bruker Corporation announced that it had acquired Arxspan LLC, a provider of cloud-based scientific software and workflow solutions, based in Southborough, Massachusetts. Arxspan is known for its line of cloud-based products for the management of research data under the Arxlab brand. The company has a focus on serving pharmaceutical and biopharma customers.  Financial details of the transaction were not disclosed.

EMCORE Corporation: In September 2012, EMCORE Corporation, a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced that it had entered into an OEM agreement with Lake Shore Cryotronics, Inc. to supply an OEM version of the PB7200 Portable Frequency Domain Terahertz (THz) Spectrometer.

Scope of the Report

By Components

  • Terahertz Sources
  • Terahertz Detectors
  • Others

By Systems

  • Systems based on spectroscopy
  • Terahertz Radar
  • Terahertz Sensing

By Application

  • Nondestructive Testing
  • Industrial Process Management
  • Research Laboratory
  • Medical Imaging
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Network Forensics Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Network Forensics Market -Industry Snapshots

6.1             Overview

6.1.1          Global Network Forensics Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Network Forensics Market Analysis, by Component

7.1             Overview

7.2             Key Findings for Network Forensics Market- By Type

7.2.1          Network Forensics Market- Software

7.2.2          Network Forensics Market- Services

Chapter 8           Global Network Forensics Market Analysis, by Application

8.1             Overview

8.2             Key Findings for Network Forensics Market- By Application

8.2.1          Network Forensics Market- BFSI

8.2.2          Network Forensics Market- Government

8.2.3          Network Forensics Market- IT and Telecommunication

8.2.4          Network Forensics Market- Manufacturing

8.2.5          Network Forensics Market- Energy and Utilities

8.2.6          Network Forensics Market- Healthcare

8.2.7          Network Forensics Market- Retail

Chapter 9           Global Network Forensics Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Network Forensics Market- By End User

9.2.1          Network Forensics Market- Small and Medium Enterprises

9.2.2          Network Forensics Market- Large Enterprises

Chapter 10       Network Forensics Market Analysis by Region

10.1           Key Findings for Network Forensics Market- By region

10.2           Overview

10.2.1       Global Network Forensics Market Analysis, By Type, 2019 – 2028

10.2.2       Global Network Forensics Market Analysis, By Application, 2019 – 2028

10.2.3       Global Network Forensics Market Analysis, By End User, 2019 – 2028

10.3           Network Forensics Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Application

10.3.7       North America Market, By End User

10.4           Network Forensics Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Application

10.4.9       Europe market by, End User

10.5           Network Forensics Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Application

10.5.8       Asia Pacific Market, By End User

10.6           Network Forensics Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Application

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           IBM Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Cisco Systems

12.3           FireEye

12.4           Symantec Corporation

12.5           NETSCOUT Systems

12.6           EMC RSA

12.7           Viavi Solutions

12.8           LogRhythm

12.9           NIKSUN

12.10        Savvius

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix


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