North America Terahertz Technology Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Component (Terahertz Sources and Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication System), and Application (Medical & Healthcare, Defense & Security, Food & Agriculture, Industrial, Semiconductor, and Others)
The North America terahertz technology market is expected to grow from US$ 209.57 million in 2023 to US$ 1,032.39 million by 2030; it is estimated to grow at a CAGR of 25.6% from 2023 to 2030.
Growing use of terahertz system in semiconductor industry
The semiconductor is one of the prominent industries in all types of industries. With the growing industrial sector, self-driving vehicles, and consumer electronics, the production of semiconductors is also booming at an exponential rate. With increasing semiconductor production, the adoption of advanced technologies such as terahertz also holds a significant position. Semiconductor packaging inspection; non-destructive fault isolation of packaging systems, fault isolation & defect detection for the microelectronics; wireless communication; semiconductor chips used in communications and mobile computing; transmitters & receivers; and wiring quality of semiconductor packages including wafer-level packages, Flip Chip BGA, and 2.5D/3D ICs are some of the application areas where terahertz is utilized. Also, the application of the terahertz system in semiconductor manufacturing is becoming appealing to composite materials, solar cells, dielectric film, and polymer films. The semiconductor industry using terahertz provides a large potential market for growth; this technology and system is ideal to evaluate epitaxial wafers and interconnects in the packaged chips.
The terahertz waves can be used to non-destructively inspect semiconductor wafers for defects, such as cracks, voids, and impurities. This can help to improve the yield of semiconductor manufacturing processes. Such types of applications are driving the adoption of terahertz technology in the semiconductor industry.
North America Terahertz Technology Market Overview
North America includes developed economies, including the US, Canada, and Mexico. The technological advancements across North America have created a highly competitive market. North America witness several technological developments from economically robust countries. The regional companies are regularly enhancing the overall business processes to fulfill the customers' demand for high-quality products and services at its best. North America is expected to be a strong player in the global economy, as the largest market for technology-based solutions, particularly in developing and implementing new technologies.
The demand for this technology is the largest in the region due to terahertz being a new technology and North America being one of the earliest adopters. Increasing US helicopter and commercial aircraft production is also expected to drive the terahertz technology market in that region. The United States' huge aerospace industry exports over 60 percent of all aerospace manufacturing. Various research institutes in the region, such as the Jet Propulsion Laboratory, are also expected to contribute to market growth by working on the application and implementation of terahertz technology.
North America Terahertz Technology Market Revenue and Forecast to 2030 (US$ Million)
North America Terahertz Technology Market Segmentation
The North America terahertz technology market is segmented based on component, type, application, and country. Based on component, the North America terahertz technology market is bifurcated into terahertz sources and terahertz detectors. The terahertz detectors segment held a larger market share in 2023.
Based on type, the North America terahertz technology market is segmented into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. The terahertz imaging systems segment held the largest market share in 2023.
Based on application, the North America terahertz technology market is segmented into medical & healthcare, defense & security, food & agriculture, industrial, semiconductor, and others. The medical & healthcare segment held the largest market share in 2023.
Based on country, the North America terahertz technology market is segmented into the US, Canada, and Mexico. The US dominated the North America terahertz technology market share in 2023.
Advanced Photonix Inc.; Advantest Corporation; HÜBNER GmbH & Co. KG; Luna Innovations Inc.; Menlo Systems GmbH; Microtech Instrument Inc.; NTT Electric Co.; Terasense Group Inc.; Teraview limited.; and Toptica Photonics AG are the leading companies operating in the North America terahertz technology market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Terahertz Technology Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
5. North America Terahertz Technology Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand of Terahertz Technology from the Defense, Homeland Security, and Medical Sectors
5.1.2 Growing use of terahertz system in semiconductor industry
5.2 Market Restraints
5.2.1 Lack of Awareness and Unavailability of Skilled Professionals
5.3 Market Opportunities
5.3.1 Processing Applications of Terahertz Technology in the Food Industry
5.3.2 Expansion of the 6G technology
5.4 Future Trends
5.4.1 Use of Terahertz Technology for Satellite Communication
5.5 Impact Analysis of Drivers and Restraints
6. Terahertz Technology Market – North America Analysis
6.1 Terahertz Technology Market North America Overview
6.2 Terahertz Technology Market – North America Revenue and Forecast to 2030 (US$ Million)
7. North America Terahertz Technology Market Analysis – By Component
7.1 Overview
7.2 Terahertz Technology Market, By Component (2022 and 2030)
7.3 Terahertz Sources
7.3.1 Overview
7.3.2 Terahertz Sources: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Terahertz Detectors
7.4.1 Overview
7.4.2 Terahertz Detectors: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Terahertz Technology Market – By Type
8.1 Overview
8.2 Terahertz Technology Market, by Type (2022 and 2030)
8.3 Terahertz Imaging Systems
8.3.1 Overview
8.3.2 Terahertz Imaging Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Terahertz Spectroscopy Systems
8.4.1 Overview
8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Terahertz Communication Systems
8.5.1 Overview
8.5.2 Terahertz Communication Systems: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Terahertz Technology Market – By Application
9.1 Overview
9.2 Terahertz Technology Market, by Application (2022 and 2030)
9.3 Medical and Healthcare
9.3.1 Overview
9.3.2 Medical and Healthcare: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Defense and Security
9.4.1 Overview
9.4.2 Defense and Security: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Food and Agriculture
9.5.1 Overview
9.5.2 Food and Agriculture: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Semiconductor
9.7.1 Overview
9.7.2 Semiconductor: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Other Applications
9.8.1 Overview
9.8.2 Other Applications: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Terahertz Technology Market – by Country Analysis
10.1 North America: Terahertz Technology Market
10.1.1 North America: Terahertz Technology Market- by Key Country
10.1.1.1 US: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 US: Terahertz Technology Market- by Component
10.1.1.1.2 US: Terahertz Technology Market- By Type
10.1.1.1.3 US: Terahertz Technology Market- By Application
10.1.1.2 Canada: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Canada: Terahertz Technology Market- by Component
10.1.1.2.2 Canada: Terahertz Technology Market- By Type
10.1.1.2.3 Canada: Terahertz Technology Market- By Application
10.1.1.3 Mexico: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Mexico: Terahertz Technology Market- by Component
10.1.1.3.2 Mexico: Terahertz Technology Market- By Type
10.1.1.3.3 Mexico: Terahertz Technology Market- By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Terasense Group Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 TeraView Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Advantest Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Toptica Photonics AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Luna Innovations Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HÜBNER GmbH & Co KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Menlo Systems GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Advanced Photonix Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Microtech Instrument Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 NTT Electronics Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Terahertz Technology Market – Revenue, and Forecast to 2030 (US$ Million)
Table 2. North America: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 3. US: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 4. US: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 5. US: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 6. Canada: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 7. Canada: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 8. Canada: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 9. Mexico: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 10. Mexico: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 11. Mexico: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Terahertz Technology Market Segmentation
Figure 2. North America Terahertz Technology Market Segmentation – By Country
Figure 3. North America Terahertz Technology Market Overview
Figure 4. Terahertz Detectors Segment Held the Largest Market Share in 2022
Figure 5. Terahertz Imaging Systems Segment Held the Largest Market Share in 2022
Figure 6. Medical and Healthcare Segment Held the Largest Market Share in 2022
Figure 7. The US was the Largest Revenue Contributor in 2022
Figure 8. North America – PEST Analysis
Figure 9. North America Terahertz Technology Market– Ecosystem Analysis
Figure 10. North America Expert Opinion
Figure 11. North America Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 12. North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Terahertz Technology Market Revenue Share, by Component (2022 and 2030)
Figure 14. Terahertz Sources: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Terahertz Detectors: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America Terahertz Technology Market Revenue Share, by Type (2022 and 2030)
Figure 17. Terahertz Imaging Systems: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Terahertz Spectroscopy Systems: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Terahertz Communication Systems: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. North America Terahertz Technology Market Revenue Share, by Application (2022 and 2030)
Figure 21. Medical and Healthcare: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Defense and Security: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Food and Agriculture: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Industrial: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Semiconductor: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Other Applications: North America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. North America: Terahertz Technology Market, by Key Country – Revenue (2022) (US$ Million)
Figure 28. North America: Terahertz Technology Market Revenue Share, by Key Country (2022 and 2030)
Figure 29. US: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Canada: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Mexico: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
- Advanced Photonix Inc.
- Advantest Corporation
- HÜBNER GmbH & Co. KG
- Luna Innovations Inc.
- Menlo Systems GmbH
- Microtech Instrument Inc.
- NTT Electric Co.
- Terasense Group Inc.
- Teraview limited.
- Toptica Photonics AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America terahertz technology market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America terahertz technology market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution