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South America Terahertz Technology Market Forecast to 2027 - COVID-19 Impact and Analysis - by Component (Terahertz Sources and Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication System), and Application (Medical & Healthcare, Defense and Security, Food & Agriculture, Industrial, and Other)

Code: TIPRE00014766 | Pages: 75 | Industry: Electronics and Semiconductor | Date: Oct 2020
Covid

Market Introduction

The terahertz ranges in the electromagnetic spectrum ranges between the microwaves and infrared spectrum, which comprises of the frequency of one million oscillations per second. Due to terahertz technology's exceptional properties, the terahertz radiation plays a crucial technology to be adopted in the future. This technology is usually used to detect hidden explosives, drugs as well as can recognize which substances are flowing from the plastic pipe. The terahertz technology is proficient enough to monitor the layer thickness with visualizing material flaws in ceramics or plastic in a non-destructive manner. The most common usage of terahertz technology is in Terahertz spectroscopy, used predominantly biomedical research owing to its exclusive features, which include the label-free and non-invasive identification and medical imaging of living cells. This technology offers significant advantages and advancements in THz spectroscopy technology, which plays a vital role in blood cell detection, bacterial identification, cancer cell characterization, as well as biological tissue discrimination. Also, the recent quick rise in demand for terahertz technology from the defense, homeland security, and medical sectors is further expected to create a significant demand for authentication and brand protection market in the coming years, which is further anticipated to drive the terahertz technology market. The ongoing the COVID-19 pandemic is affecting various industries. In SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes. The presence of various developing nations makes SAM as one of the major market for the growth of terahertz technology market over the forecast period of 2020 to 2027. However, the sharp decline in manufacturing, healthcare and medical, defense, and food and agriculture activities in this region due to COVID-19 lockdown measures is expected to directly impact the growth of terahertz technology market in the coming quarters. In addition to this, the supply chain disruptions and non-availability of raw materials will also aggravate the problems of various industries operating in this region. Hence, the decline in business operations and product development activities is expected to directly affect the growth rate of terahertz technology market in this region for the next three to four quarters..

Market Overview and Dynamics

The terahertz technology market in SAM is expected to grow from US$ 6.14 million in 2019 to US$ 35.47 million by 2027; it is estimated to grow at a CAGR of 24.7% from 2020 to 2027. Satellite Communication are now adopting Terahertz Technology. THz technology applies to various domains that provide unprecedented capabilities for many research fields. ICTs also have a strong potential to benefit from THz technology in wireless communication, high-speed data processing, and satellite communications. Satellites are widely used for a wide variety of communication applications. In the past few years, there has been growing interest in the field of satellite networks, which allows for an entirely new class of navigation, communication, and remote sensing missions. Consequently, innovative methodologies are needed to satisfy the increasing demand for high-speed wireless connection. Thus the use of terahertz technology for satellite communication is one of the significant trends affecting the market growth of the terahertz technology.

Key Market Segments

In terms of component, terahertz detectors held the largest share of the SAM terahertz technology market in 2019. In terms of type, terahertz imaging systems held a larger market share of the terahertz technology market in 2019. Further, medical and healthcare segment held a larger share of the SAM terahertz technology market based on application in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the terahertz technology market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Advantest Corporation; Luna Innovations Inc.; Microtech Instrument Inc.; Terasense Group Inc. and Teraview limited; operating in SAM terahertz technology market, among others.

Reasons to buy report

  • To understand the SAM terahertz technology market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM terahertz technology market
  • Efficiently plan M&A and partnership deals in SAM terahertz technology market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM terahertz technology market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

SAM Terahertz Technology Market Segmentation

By Component

  • Terahertz Sources
  • Terahertz Detectors

By Type

  • Imaging Systems
  • Terahertz Spectroscopy Systems
  • Terahertz Communication System

By Application

  • Medical & Healthcare
  • Defence and Security
  • Food & Agriculture
  • Industrial
  • Other

By Country

  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

  • Advantest Corporation
  • Luna Innovations Inc.
  • Microtech Instrument Inc.
  • Terasense Group Inc.
  • Teraview limited

TABLE OF CONTENTS

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.           SAM Terahertz Technology Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Terahertz Technology Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Terahertz Technology from the Defence, Homeland Security, and Medical Sectors have seen a huge surge in demand

5.2         Market Restraints

5.2.1        Shortfall of Skilled Professionals and Inadequate Awareness

5.3         Market Opportunities

5.3.1        Food Industry To Avail Processing Application of Terahertz Technology

5.4         Future Trends

5.4.1        Satellite Communication adopting Terahertz Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Terahertz Technology Market – SAM Analysis

6.1         SAM Terahertz Technology Market Overview

6.2         SAM Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Key Players

7.           SAM Terahertz Technology Market Analysis – By Component

7.1         Overview

7.2         SAM Terahertz Technology Market, By Component (2019 and 2027)

7.3         Terahertz Sources

7.3.1        Overview

7.3.2        Terahertz Sources: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

7.4         Terahertz Detectors

7.4.1        Overview

7.4.2        Terahertz Detectors: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

8.           SAM Terahertz Technology Market Analysis – By Type

8.1         Overview

8.2         SAM Terahertz Technology Market, By Type (2019 and 2027)

8.3         Terahertz Imaging Systems

8.3.1        Overview

8.3.2        Terahertz Imaging Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

8.4         Terahertz Spectroscopy Systems

8.4.1        Overview

8.4.2        Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

8.5         Terahertz Communication System

8.5.1        Overview

8.5.2        Terahertz Communication System: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.           SAM Terahertz Technology Market Analysis – By Application

9.1         Overview

9.2         SAM Terahertz Technology Market, By Application (2019 and 2027)

9.3         Medical & Healthcare

9.3.1        Overview

9.3.2        Medical & Healthcare: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.4         Defense & Security

9.4.1        Overview

9.4.2        Defense & Security: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.5         Food & Agriculture

9.5.1        Overview

9.5.2        Food & Agriculture: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.6         Industrial

9.6.1        Overview

9.6.2        Industrial: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.7         Others

9.7.1        Overview

9.7.2        Others: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

10.        Sam Terahertz Technology Market – Country Analysis

10.1      Overview

10.1.1     SAM: Terahertz Technology Market, by Key Country

10.1.1.1       Brazil: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       Brazil: Terahertz Technology Market, by Component

10.1.1.1.2       Brazil: Terahertz Technology Market, by Type

10.1.1.1.3       Brazil: Terahertz Technology Market, by Application

10.1.1.2       Argentina: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       Argentina: Terahertz Technology Market, by Component

10.1.1.2.2       Argentina: Terahertz Technology Market, by Type

10.1.1.2.3       Argentina: Terahertz Technology Market, by Application

10.1.1.3       Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Rest of SAM: Terahertz Technology Market, by Component

10.1.1.3.2       Rest of SAM: Terahertz Technology Market, by Type

10.1.1.3.3       Rest of SAM: Terahertz Technology Market, by Application

11.        SAM Terahertz Technology Market- COVID-19 Impact Analysis

11.1      SAM

12.        Terahertz Technology Market-Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      Merger and Acquisition

12.4      New Development

13.        COMPANY PROFILES

13.1      Terasense Group Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Teraview limited

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Advantest Corporation

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Luna Innovations Inc.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Microtech Instrument Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

            14.2      Glossary of Terms

LIST OF TABLES

Table 1.             SAM Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             SAM Terahertz Technology Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 3.             Brazil: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Brazil: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Brazil: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Argentina: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 7.             Argentina: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Argentina: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Rest of SAM: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Rest of SAM: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Rest of SAM: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 12.            Glossary of Term: Terahertz Technology Market

LIST OF FIGURES

Figure 1.           SAM Terahertz Technology Market Segmentation

Figure 2.           SAM Terahertz Technology Market Segmentation – By Country

Figure 3.           SAM Terahertz Technology Market Overview

Figure 4.           Terahertz Detector Segment Dominated the Market

Figure 5.           Defense & Security Segment to be a Fastest Growing Application

Figure 6.           Rest of SAM to Show Great Traction During Forecast Period

Figure 7.           SAM Terahertz Technology Market, Industry Landscape

Figure 8.           SAM Terahertz Technology Market, Country Analysis

Figure 9.           SAM- PEST Analysis

Figure 10.        SAM Ecosystem Analysis

Figure 11.        Expert Opinion

Figure 12.        SAM Terahertz Technology Market Impact Analysis of Drivers and Restraints

Figure 13.        SAM Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        SAM Terahertz Technology Market Revenue Share, by Component (2019 and 2027)

Figure 15.        SAM Terahertz Sources: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        SAM Terahertz Detectors: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        SAM Terahertz Technology Market Revenue Share, by Type (2019 and 2027)

Figure 18.        SAM Terahertz Imaging Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        SAM Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        SAM Terahertz Communication System: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        SAM Terahertz Technology Market Revenue Share, by Application (2019 and 2027)

Figure 22.        SAM Medical & Healthcare: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.        SAM Defense & Security: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 24.        SAM Food & Agriculture: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 25.        SAM Industrial: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 26.        SAM Others: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        SAM: Terahertz Technology Market Revenue Share, by Key Country (2019 and 2027)

Figure 28.        Brazil: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Argentina: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.          Impact of COVID-19 Pandemic in SAM Country Markets


The List of Companies - South America Terahertz Technology Market

  1. Advantest Corporation
  2. Luna Innovations Inc.
  3. Microtech Instrument Inc.
  4. Terasense Group Inc.
  5. Teraview limited
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM terahertz technology market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the SAM terahertz technology market thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the SAM 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.

Related Tags South America Terahertz Technology Market

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