North America Terahertz Technology Market Forecast to 2030

According to the research team’ research, 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, registering a CAGR of 25.6% from 2023 to 2030. Rising demand of terahertz technology from the defense, homeland security, and medical sectors and growing use of terahertz system in semiconductor industry are the critical factors attributed to the North America terahertz technology market expansion.

With the growing technological advancement across various industries, the demand for the implementation of terahertz technology across military & defense, as well as the medical and healthcare sector, is also boosting. The growing focus of the manufacturers on the development of THz sources, transmission, or reflection, as well as detectors technologies, owing to increasing exploration of the “THz gap,” which lie between photonics and electronics. This technology is constantly being utilized in various applications such as chemistry, biomedicine, materials science, security screening, and communication. The exclusive properties of THz radiation are well-suited for medical and healthcare applications particularly that can stimulate low-frequency molecular vibrations, which includes van der Waals or other non-bonded interaction and hydrogen bonds. The propagation of THz radiation from biomolecule that produces spectral vibrational signature along the THz range is one of the essential features of terahertz technology. Similarly, the THz imaging also comprises of crucial advantages for tissue detection as well as to distinguish pathological and normal tissues. Thus, terahertz technology has wide applications across the medical and healthcare sectors. Similarly, the terahertz spectrum ranges are highly dependent on characteristics of generating as well as detecting methods of long wave’s side and infrared on the short wave edge range. The THz frequency range lies on the margin of the electronic world, where microwave, as well as radio radiations, are easily generated from the photonic world and electron-based devices, where the applications of optical techniques are very easy. The in-built potential benefits and advantages of the terahertz (THz) phenomenon, of encompassing many aspects which include THz imaging, sensing, as well as investigating material properties with the help of THz radiation is boosting its application in defense and security sector. The incorporation of terahertz technology in handheld scanners, which are deployed majorly in airports and other public spaces for security screening, is also increasing, especially for package scanning in airports. Furthermore, the rising terrorist activities globally, as well as mounting criminal activities, are also the primary factor for driving government investments across several countries to establish enhanced security infrastructure. Thus, it is anticipated to aid the growth of terahertz technology in the forecast period. In defense applications, the terahertz imaging technique detects concealed hidden metallic objects like arms and ammunition, which may be potential threats. The terahertz imaging technique is also used for defense and homeland security applications. This scanning system enables the detection of hazardous materials such as firearms and explosives and all potential applications in protecting vulnerable facilities from terrorist threats. Such applications are driving terahertz technologies’ adoption in defense applications. This is expected to drive the North America terahertz technology market during the forecast period.

On the contrary, lack of awareness and unavailability of skilled professionals hurdles the growth of North America terahertz technology market.

Based on component, the North America terahertz technology market is bifurcated into terahertz sources and terahertz detectors. The terahertz detectors segment held 79.2% market share in 2023, amassing US$ 165.98 million. It is projected to garner US$ 851.81 million by 2030 to expand at 26.3% CAGR during 2023–2030.

Based on type, the North America terahertz technology market is categorized into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. The terahertz imaging systems segment held 62.4% market share in 2023, amassing US$ 130.76 million. It is projected to garner US$ 613.58 million by 2030 to expand at 24.7% CAGR during 2023–2030.

Based on application, the North America terahertz technology market is categorized into medical & healthcare, defense & security, food & agriculture, industrial, semiconductor, and others. The medical & healthcare segment held 34.1% share of North America terahertz technology market in 2023, amassing US$ 71.54 million. It is projected to garner US$ 327.02 million by 2030 to expand at 24.2% CAGR during 2023–2030.

Based on country, the North America terahertz technology market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.9% share of North America terahertz technology market in 2023. It was assessed at US$ 154.85 million in 2023 and is likely to hit US$ 748.73 million by 2030, exhibiting a CAGR of 25.2% during the forecast period.

Key players dominating the North America terahertz technology market are 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 among others.

In Nov 2021, Terasense continues researching and developing efforts to commercialize THz phase waveplates for beam shaping. In May 2022, TeraView launched a new product to address the growing needs in advanced IC packaging.

1. Introduction
1.1 Study Scope
1.2 The Research Team 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 Research Team
13.2 Word Index

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

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)