China Terahertz Technology Market Size and Forecast (2021-2031)

China Terahertz Technology Market Size and Forecast (2021-2031)

China Terahertz Technology Market Size and Forecast (2021 – 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Terahertz Detectors and Terahertz Sources), Application (Medical and Healthcare, Defense and Security, Food and Agriculture, Industrial, Semiconductor, and Others), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication Systems), and Country

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Description

The China terahertz technology market size was valued US$ 76.55 Million in 2023 and is expected to reach US$ 318.13 Million by 2031; it is estimated to record a CAGR of 19.5% from 2023 to 2031.

Since the early 1990s, a series of technological developments in electronics and photonics have begun to move terahertz (THz)-wave technology from laboratory demonstration to industrial applications such as non-destructive testing, medical, security, and communications. Unlike the well-known infrared and X-rays, which are the least known and developed electromagnetic bands, terahertz is characterized as the “last gap” in the electromagnetic spectrum. Terahertz is progressively becoming a major scientific research topic as science and technology advance. According to scientists, terahertz radiation is quite safe and has good penetration and direction.

Terahertz sources have emerged as a promising field with significant potential for various applications in science and technology. Recent innovations in terahertz sources have made the terahertz spectrum accessible to technologists and scientists in diverse areas, including medicine, biology, pharmaceuticals, chemistry, and environmental sciences. While there is still room for improvement in terms of functionality and performance, existing commercially available terahertz sources have already paved the way for researchers to explore scientific problems within the scope of terahertz waves. These advancements have opened up new opportunities for scientists and technologists to leverage the unique properties of terahertz waves.

The next-generation mobile network technology, 6G, is expected to have a transformative impact on China’s terahertz technology market. In November 2022, NOKIA Bell Labs partnered with Keysight Technologies, Inc. to verify the performance of its 5G advanced and 6G transceiver modules using terahertz technology. This collaboration highlights the growing importance of terahertz technology in the development of 5G and 6G networks. Additionally, other manufacturers, such as Das-Nano and TeraSense Group, are expanding their presence in the terahertz technology market. These advancements and expansions are driving the adoption of terahertz technology across various industries, including automotive, aerospace, wind energy, and plastic components.

Based on component, the market is segmented into terahertz detectors and terahertz sources. The terahertz sources segment held the largest China terahertz technology market share in 2023 China terahertz technology market share in 2023. Based on application, the market is segmented into medical & healthcare, defense & security, food & agriculture, industrial, semiconductor, and others. The medical and healthcare segment held the largest share in the China terahertz technology market share in 2023.

Quenda Terahertz Technology Co., Ltd.; Nuctech Company Ltd; Advanced Photonics; Advantest Corporation; Luna Innovations Inc.; Menlo Systems; Canon Inc.; Horiba; Terasense Group; and Toptica Group are among the prominent players profiled in the China terahertz technology market report. The China terahertz technology market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.

The overall China terahertz technology market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the China terahertz technology market analysis. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the market.

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According to our latest study on “China Terahertz Technology Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Application, Type, and Country,” The China terahertz technology market size was valued at US$ 76.55 million in 2023 and is expected to reach US$ 318.13 million by 2031; it is estimated to record a CAGR of 19.5% from 2023 to 2031. The report includes growth prospects owing to the current China terahertz technology market trends and their foreseeable impact during the forecast period.

Terahertz is a frequency range that includes microwave and infrared radiation. It has been observed as a possible option for attaining high data transfer and low latency in the impending 6G communication technology. It is expected to have maximum speeds up to 100 times faster than 5G. High-frequency terahertz waves have an extensive number of applications, including next-generation medical imaging and communication. It has an extremely high frequency. Increasing applications in a variety of end-user industries, including medical, military, security, and semiconductor, are expected to drive market expansion. For example, in medical imaging, terahertz technology can be an attractive option for X-ray exams because the waves can travel through most non-conductive materials without damaging any tissue.

Growing research and development activities in China for terahertz technology are projected to shape market expansion during the forecast period. For example, in September 2023, the South China Morning Post (SCMP) announced that China had tested the world’s first submarine-detecting terahertz device using next-generation communication technology. Researchers from China’s National University of Defense Technology have published their findings in the Chinese-language peer-reviewed journal Radars. Furthermore, Asia Times stated that experts from the Chinese Academy of Sciences Fujian Institute of Research on the Structure of Matter have created a very sensitive submarine detection system capable of detecting even the weakest evidence of modern submarines from great distances. Furthermore, China has lately achieved considerable advances in submarine detection technology, which has posed important operational and strategic consequences. Thus, all these factors are expected to drive the China terahertz technology market growth during the forecast period.

China Terahertz Technology Market Report Segmentation and Scope:

The “China Terahertz Technology Market Analysis” has been carried out by considering the following segments: component, application, type, and country. Based on component, the market is bifurcated into terahertz sources and terahertz detectors. By type, the market is divided into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication systems. Based on application, the market is segmented into medical and healthcare, defense and security, food and agriculture, industrial, semiconductor, and others.

Terahertz (THz) technology has emerged as a groundbreaking innovation in the field of medical applications. This advanced technology operates in the electromagnetic spectrum between microwave and infrared light, offering a wide range of possibilities for medical diagnostics and imaging. With its nonionizing nature and ability to penetrate various materials, Terahertz technology presents immense potential to revolutionize healthcare practices, making it a promising investment for businesses in the medical field. Terahertz technology holds significant advantages over existing medical imaging techniques. Its ability to detect and analyze molecular vibrations enables noninvasive and high-resolution imaging, making it ideal for early disease detection, tumor identification, and wound assessment. Additionally, its nonionizing nature eliminates the risks associated with traditional radiation-based techniques, ensuring patient safety and reducing healthcare costs.

Terahertz technology has tremendous potential in defense and security applications, notably for screening persons and items for hidden weapons, explosives, and other contraband. Terahertz radiation can penetrate a wide range of garments and materials, allowing security officers to discover hidden things without requiring personal contact or intrusive inspections. THz machines offer a significant advantage over X-ray machines and millimeter waves (these tubular devices are frequently spotted in airport screening corridors immediately following metal detectors). The waves also cause molecular and electrical movements in numerous materials, reflecting off some, traveling through others, and being absorbed by the rest. These traits have been used in laboratory demonstrations to detect explosives, uncover hidden weapons, inspect space shuttle tiles for faults, and screen for skin cancer and dental rot.

Quenda Terahertz Technology Co., Ltd.; Nuctech Company Ltd; Advanced Photonics; Advantest Corporation; Luna Innovations Inc.; Menlo Systems; Canon Inc.; Horiba; Terasense Group; and Toptica Group are among the prominent players profiled in the China terahertz technology market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The China terahertz technology market forecast can help stakeholders plan their growth strategies.

China Terahertz Technology Market Recent Developments:

Companies in the market highly adopt inorganic and organic strategies such as mergers and acquisitions. As per the company press releases, below are a few recent key developments:

In 2023, Luna Innovations Incorporated, a global leader in advanced fiber optic and THz-based technology, announced that it had won a large, new purchase order for its THz sensing solution for application in automotive electric vehicle (EV) battery production. In efforts to keep pace with the growing demand for these solutions, Luna is also announcing the completion of the transfer of production of THz solutions to its Atlanta, Georgia facility, where it expects to achieve four times greater capacity.In 2023, Toptica was a promising technological solution to enable the highest data rates in developing new frequencies up to the terahertz (THz) range for developing a 6G network. The 6G will enable new application scenarios in various industry verticals, such as medical technology and everyday life.In 2021, Luna created a dual-channel Terahertz device to determine the thickness (without calibration) of a highly conductive (metal) layer, in keeping with its position as a thought leader for innovative sensing design techniques. The advancement of the two-channel Terahertz illustrates yet another capacity of Luna’s revolutionary Terahertz sensors, bringing Terahertz sensors to a hitherto untapped business niche.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the China terahertz technology market
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations, such as specific country and segmental insight, highlight crucial progressive industry trends in the China terahertz technology market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. China Terahertz Technology Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Solution and Service Providers:
4.3.2 End Users
4.3.3 List of Vendors in the Value Chain:
5. China Terahertz Technology Market – Key Market Dynamics
5.1 China Terahertz Technology Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Application of Terahertz Technology in Medical Industry
5.2.2 Growing Use of Terahertz Technology in Semiconductor Industry
5.2.3 Growing Applications in Defense and Military
5.3 Market Restraints
5.3.1 Lack of Awareness and Unavailability of Skilled Professionals
5.4 Market Opportunities
5.4.1 Processing Applications of Terahertz Technology in Food Industry
5.4.2 Expansion of Next-Gen 6G Wireless Technology
5.5 Future Trends
5.5.1 Rising Use of Terahertz Technology for Satellite Communication
5.6 Impact of Drivers and Restraints:
6. China Terahertz Technology Market Analysis
6.1 China Terahertz Technology Market Revenue (US$ Million), 2021–2031
6.2 China Terahertz Technology Market Forecast and Analysis
7. China Terahertz Technology Market Analysis – by Component
7.1 Terahertz Detectors
7.1.1 Overview
7.1.2 Terahertz Detectors: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Terahertz Sources
7.2.1 Overview
7.2.2 Terahertz Sources: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
8. China Terahertz Technology Market Analysis – by Application
8.1 Medical and Healthcare
8.1.1 Overview
8.1.2 Medical and Healthcare: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Defense and Security
8.2.1 Overview
8.2.2 Defense and Security: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Food and Agriculture
8.3.1 Overview
8.3.2 Food and Agriculture: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Semiconductor
8.5.1 Overview
8.5.2 Semiconductor: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
9. China Terahertz Technology Market Analysis – by Type
9.1 Terahertz Imaging Systems
9.1.1 Overview
9.1.2 Terahertz Imaging Systems: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Terahertz Spectroscopy Systems
9.2.1 Overview
9.2.2 Terahertz Spectroscopy Systems: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Terahertz Communication Systems
9.3.1 Overview
9.3.2 Terahertz Communication Systems: China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers and Acquisitions
11.5 Partnerships and Collaboration
12. Company Profiles
12.1 Advanced Photonix 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 Advantest Corp
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 Luna Innovations Inc
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 Menlo Systems GmbH
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 Canon 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 Terasense Group Inc
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 Nuctech Company Limited
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 Toptica Photonics AG
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 Horiba Ltd
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 Quenda Terahertz Technology Co., Ltd.
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 Glossary
13.2 About the Research Team

LIST OF TABLES

Table 1. China Terahertz Technology Market Segmentation
Table 2. China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 4. China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 5. China Terahertz Technology Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. Company Positioning & Concentration

LIST OF FIGURES

Figure 1. China Terahertz Technology Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: China Terahertz Technology Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. China Terahertz Technology Market Revenue (US$ Million), 2021–2031
Figure 6. China Terahertz Technology Market Share (%) – by Component, 2023 and 2031
Figure 7. Terahertz Detectors: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 8. Terahertz Sources: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 9. China Terahertz Technology Market Share (%) – by Application, 2023 and 2031
Figure 10. Medical and Healthcare: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. Defense and Security: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 12. Food and Agriculture: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 13. Industrial: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. Semiconductor: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. China Terahertz Technology Market Share (%) – by Type, 2023 and 2031
Figure 17. Terahertz Imaging Systems: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Terahertz Spectroscopy Systems: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 19. Terahertz Spectroscopy Systems: China Terahertz Technology Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. Heat Map Analysis by Key Players

The List of Companies – China Terahertz Technology Market
o Quenda Terahertz Technology Co., Ltd.
o Nuctech Company Ltd
o Advanced Photonics
o Advantest Corporation
o Luna Innovations Inc.
o Menlo Systems
o Canon Inc.
o Horiba
o Terasense Group
o Toptica Group

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