Terahertz Technology Market by Type, Technology Application & Region - Analysis & Forecast to 2022

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MarketsandMarkets Presents
Terahertz Technology Market by Type, Technology
Application Region - Analysis Forecast to
2022 The global terahertz technology market is
expected to reach USD 489.8 Million by 2022,
growing at a CAGR of 31.83 between 2016 and
2022. http//www.marketsandmarkets.com/Market-Re
ports/terahertz-technology-market-71182197.html
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Terahertz imaging systems are expected to lead
the global terahertz technology market The
market for terahertz imaging systems held the
major share of the overall terahertz technology
market (by type) in 2015. However, the market for
terahertz communication systems is expected to
grow at the highest CAGR between 2016 and 2022.
THz band communication can facilitate the
spectrum scarcity and capacity limitations of
current wireless systems, and enable new
applications both in classical networking domains
as well as in novel nanoscale communication
paradigms. This is expected to drive the market
for terahertz communication systems. APAC is
expected to grow at the highest CAGR between 2016
and 2022. The market in APAC is expected to grow
at the highest CAGR during the forecast period.
This growth can be attributed to the increase in
initiatives, such as heavy investments in RD to
encourage the adoption of terahertz technology,
taken by the countries such as China, India, and
Japan in this region. Download PDF Brochure
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The market for laboratory research applications
is expected to grow at the highest CAGR between
2016 and 2022 The terahertz technology market for
laboratory research applications is expected to
grow at the highest CAGR during the forecast
period since the terahertz technology market is
not a mature market and is experiencing
continuous technological advancements. Hence, the
technologies used to manufacture the terahertz
technology-based products frequently undergo RD
activities. The market is dominated by the key
players such as Advantest Corporation (Japan),
TeraView (U.K.), Menlo Systems GmbH (Germany),
Acal plc (U.K.), and Microtech Instrument Inc.
(U.S.). In this research report, the global
terahertz technology market is segmented on the
basis of type, technology, application, and
region. This report describes the drivers,
restraints, opportunities, and challenges for the
growth of the market. The Porters five forces
analysis has been included in the report with a
description of each of its forces and their
respective impact on the global terahertz
technology market.
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