South America Terahertz Technology Market Forecast to 2030

South America Terahertz Technology Market Forecast to 2030

South 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)

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Description

The South America terahertz technology market is expected to grow from US$ 16.10 million in 2023 to US$ 68.96 million by 2030; it is estimated to grow at a CAGR of 23.1% from 2023 to 2030.

Processing Applications of Terahertz Technology in the Food Industry

The use of ionizing radiation (X-rays) is critical for quality control and nondestructive testing because of its detrimental effect on biological agents. It is here that Terahertz imaging technology is beneficial, and there are many examples of the valuable application of THz imaging in the food industry. Instead of using X-ray machines, food manufacturers and packagers can use terahertz food scanners to check, for example, whether a pick-and-place robotic arm has placed all candy bars inside the carton. The THz imagers have no problem seeing through cardboard or PE packaging — individual chocolate bars can be wrapped in any material, even metal-containing foil that is impervious to the THz rays. Metal foil in the THz images would create even better contrast. Also, reports of insects and other foreign objects found in food are a severe cause of concern to consumers, food producers, as well as retailers alike. Unwrapping a chocolate bar could reveal an unpleasant surprise, like an insect, pieces of metal or glass, or clots of dirt. This can kill not only the appetite of the consumer but also cause a broken tooth or poisoning. On top of that, a producer or retailer in some countries may end up being sued, potentially leading to fines and lawsuits worth millions of dollars. The market players have made some tests specifically for the food industry to demonstrate the ability to identify foreign objects (e.g., insects, pieces of plastics, metal, stones, or soil) inside of some food products. For example, TeraSense Group’s THz imaging systems can easily detect a common housefly via multiple polyethylene bags, even if the total thickness of such PET coating exceeds 20 mm. Also, TeraSense imaging systems reveal carcinogenic mycotoxin fungus contaminating peanuts, corn, hazelnuts, and other grain crops and oil plants. For instance, industrial customers can detect any signs of infections such as Aspergillus flavus and Aspergillus parasiticus, which exude the hazardous carcinogen Aflatoxins B1, with the aid of our THz imagers. The increased use of terahertz technology in the food industry is thus one of the significant opportunities for the growth of terahertz technology during the forecast period.

South America Terahertz Technology Market Overview

The South America market for terahertz technology is further segmented into Brazil, Argentina, and the Rest of SAM. The region is characterized by a mixed growth scenario, with some countries having complex macroeconomic and political environments. Despite many challenges, the positive initiatives governments take are helping most of these countries’ economies grow at a reasonable pace during the forecast period. Developing economies such as Brazil, Argentina, Chile, and Peru are investing substantially in infrastructure and industrial development. Companies across South America are adopting digitization, process automation, and advanced technologies to increase operational efficiency and performance. The increasing crime rate is a major contributing factor to South America’s market growth for terahertz technology.

South America Terahertz Technology Market Revenue and Forecast to 2030 (US$ Million)

South America Terahertz Technology Market Segmentation

The South America terahertz technology market is segmented based on component, type, application, and country. Based on component, the South 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 South 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 South 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 South America terahertz technology market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America terahertz technology market share in 2023.

Advantest Corporation; HÜBNER GmbH & Co. KG; NTT Electric Co.; and Terasense Group Inc., are the leading companies operating in the South America terahertz technology market.

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At 23.1% CAGR, the South America Terahertz Technology Market is speculated to be worth US$ 68.96 Million by 2030, says the research team

According to the research team’ research, the South America terahertz technology market is expected to grow from US$ 16.10 million in 2023 to US$ 68.96 million by 2030, registering a CAGR of 23.1% 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 South America terahertz technology market expansion.

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. This is expected to drive the South America terahertz technology market during the forecast period.

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

Based on component, the South America terahertz technology market is bifurcated into terahertz sources and terahertz detectors. The terahertz detectors segment held 93.5% market share in 2023, amassing US$ 15.06 million. It is projected to garner US$ 65.08 million by 2030 to expand at 23.3% CAGR during 2023–2030.

Based on type, the South America terahertz technology market is categorized into terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication system. The terahertz imaging systems segment held 75.2% market share in 2023, amassing US$ 12.11 million. It is projected to garner US$ 49.42 million by 2030 to expand at 22.2% CAGR during 2023–2030.

Based on application, the South America terahertz technology market is categorized into medical & healthcare, defense & security, food & agriculture, industrial, semiconductor, and others. The medical & healthcare segment held 45.4% share of South America terahertz technology market in 2023, amassing US$ 7.31 million. It is projected to garner US$ 29.86 million by 2030 to expand at 22.3% CAGR during 2023–2030.

Based on country, the South America terahertz technology market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 65.0% share of South America terahertz technology market in 2023. It was assessed at US$ 10.53 million in 2023 and is likely to hit US$ 44.36 million by 2030, exhibiting a CAGR of 22.8% during the forecast period.

Key players dominating the South America terahertz technology market are Advantest Corporation; HÜBNER GmbH & Co. KG; NTT Electric Co.; and Terasense Group Inc. among others.

In April 2020, TeraSense announced its new powerful 0.8W and 1.8W wave sources at 94GHz, an IMPATT-based generator with an output power between .08 W to 1.8 W. In Nov 2020, interview collaborated with a Russian company to aid in museum artwork.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America terahertz technology market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South America 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 South America market trends and outlook coupled with the factors driving the South America terahertz technology 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 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. South America Terahertz Technology Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
5. South 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 – South America Analysis
6.1 Terahertz Technology Market – South America Revenue and Forecast to 2030 (US$ Million)
7. South 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. South 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. South 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. South America Terahertz Technology Market – by Country Analysis
10.1 South America: Terahertz Technology Market
10.1.1 South America: Terahertz Technology Market- by Key Country
10.1.1.1 Brazil: Terahertz Technology Market – Revenue and Forecast to 2030 (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 2030 (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 2030 (US$ Million)
10.1.1.3.1 Rest of South America: Terahertz Technology Market- by Component
10.1.1.3.2 Rest of South America: Terahertz Technology Market- By Type
10.1.1.3.3 Rest of South America: 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 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 HÜBNER GmbH & Co KG
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 NTT Electronics Corp
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
13. Appendix
13.1 About Research Team
13.2 Word Index

LIST OF TABLES

Table 1. South America Terahertz Technology Market – Revenue, and Forecast to 2030 (US$ Million)
Table 2. South America: Terahertz Technology Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 6. Argentina: Terahertz Technology Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 7. Argentina: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 9. Rest of South America: Terahertz Technology Market- by Component–Revenue and Forecast to 2030 (US$ Million)
Table 10. Rest of South America: Terahertz Technology Market- By Type –Revenue and Forecast to 2030 (US$ Million)
Table 11. Rest of South America: Terahertz Technology Market- By Application –Revenue and Forecast to 2030 (US$ Million)
Table 12. List of Abbreviation

LIST OF FIGURES

Figure 1. South America Terahertz Technology Market Segmentation
Figure 2. South America Terahertz Technology Market Segmentation – By Country
Figure 3. South 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. Brazil was the Largest Revenue Contributor in 2022
Figure 8. South America – PEST Analysis
Figure 9. South America Terahertz Technology Market– Ecosystem Analysis
Figure 10. South America Expert Opinion
Figure 11. South America Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 12. South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. South America Terahertz Technology Market Revenue Share, by Component (2022 and 2030)
Figure 14. Terahertz Sources: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Terahertz Detectors: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. South America Terahertz Technology Market Revenue Share, by Type (2022 and 2030)
Figure 17. Terahertz Imaging Systems: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Terahertz Spectroscopy Systems: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Terahertz Communication Systems: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. South America Terahertz Technology Market Revenue Share, by Application (2022 and 2030)
Figure 21. Medical and Healthcare: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Defense and Security: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Food and Agriculture: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Industrial: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Semiconductor: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Other Applications: South America Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. South America: Terahertz Technology Market, By Key Country – Revenue (2022) (US$ Million)
Figure 28. South America: Terahertz Technology Market Revenue Share, By Key Country (2022 and 2030)
Figure 29. Brazil: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Argentina: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2030 (US$ Million)

The List of Companies – South America Terahertz Technology Market
o Advantest Corporation
o HÜBNER GmbH & Co. KG
o NTT Electric Co.
o Terasense Group Inc.

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