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Terahertz Components and Systems Market expanding at a CAGR of 25.9% by 2023

Global market for terahertz components and systems has been covered under the scope of this report. Terahertz technology refers to the electromagnetic waves at wavelengths between 3 mm and 30 μm or frequencies range of 100 GHz and 10 THz. Terahertz waves can pass through different amorphous substances such as textiles, synthetics, ceramic, and wood, cardboard and paper in seamless manner. Terahertz radiation falls between microwave radiation and infrared radiation in the electromagnetic spectrum.

Increasing application of terahertz science and technology in various industries for quality control and process control monitoring are fueling the demand for terahertz components and systems globally. Furthermore, increasing application of terahertz devices in research laboratory is one of the key contributing factors in the positive growth of this market. Growing usage of terahertz components for non destructive testing and medical imaging is expected to stimulate the growth of the market during the forecast period.

Download PDF for Terahertz Components and Systems Market : http://tinyurl.com/h3mgdlp

By components, the market can be segmented into terahertz sources, terahertz detectors and others. As of 2014, terahertz sources held largest share in the market. Increasing application of high end components and tools in many industries are major driver for growth of terahertz sources.

By systems, the market can be segmented into systems based on spectroscopy, terahertz radar and terahertz sensing. Furthermore, systems based on spectroscopy is segmented into time-domain spectroscopy, frequency-domain spectroscopy and imaging by scanning. As of 2014, systems based on spectroscopy held the largest share in terahertz components and systems market owing to its growing application for communications and sensing.

In terms of application, the market can be segmented into industrial process control, research laboratory applications, medical imaging and non destructive testing among others. As of 2014, non destructive testing was leading the market for terahertz and components, followed by research laboratory. Terahertz technology can detect abnormalities and defects from disbond and delamination, heat damage, foreign material inclusions, mechanical impact damage, and hydraulic or water fluid ingression. Detection and identification of hidden explosives and other illegal materials along with investigation of paper packages and envelops without opening them are some of the major applications of terahertz technology. Increasing application of terahertz technology in biological and medical science is one of the major factors fueling the demand for terahertz components and systems globally.

The market for terahertz components and systems has been segmented into major geographic regions which include North America, Europe, Europe, Asia Pacific, and Rest of the World (RoW). North America led the market for terahertz components and systems in 2014, followed by Europe and is expected to maintain its position over the forecast period from 2015 to 2023. Increasing concern towards process control to avoid hazardous situations within industry environment is one of the major factors contributing in the positive growth of this market in North America. Technological advancement and growing application of terahertz technology for chemical and material characterization are conjointly fueling the demand for terahertz components and devices across Europe and Asia Pacific.

Some of the major players operating in the terahertz components and systems market are Advantest Corporation (Japan), Digital Barriers PLC (U.K.), Applied Research & Photonics Inc. (U.S.), EMCORE Corporation (U.S.), Teraview (U.K.), Bruker Corporation (U.S.), M Squared Lasers Ltd (U.K.), NEC Corporation (Japan), Menlo Systems GmbH (Germany), Techcomp Group Ltd. (Hong Kong), Bridge12 Technologies, Inc. (U.S.) and Microtech Instruments Inc. (U.S.) among others.

Browse Market Research Report at                                                                                                                                                               http://www.transparencymarketresearch.com/terahertz-components-systems-market.html

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