24/7 Customer Support

North America Terahertz Technology Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

North America Terahertz Technology Market: By Terahertz Type (Imaging, Spectroscopy, and Communication Systems); Application (Contactless, Screening, Wireless Communication, Loss Prevention, Others0; By Source (RF Sources and Optical Sources): and Region—Industry Dynamics, Market Size, Opportunity and Forecast for 2023–2031

  • Published Date: 27-Jan-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0123356
    Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2022US$ 272.65 Million
Expected Revenue in 2031US$ 4,620.28 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR38.4% (2023-2031)
Segments coveredBy Terahertz Type, By Application, By Source
Key Companies                                                                                                       Advantest Corporation, Bakman Technologies, Batop GmbH, Gentec Electro-optics Inc., HÜBNER GmbH & Co. KG, Luna Innovations, Menlo Systems GmbH, Microtech Instrument Inc., Terasense Group Inc., TeraView Limited, Teravil, TOPTICA Photonics AG, QMC Instruments Ltd., Das-Nano SL, Acal BFi UK Ltd, Advanced Photonix Inc., Insight Product, Gentec Electro-Optics, Traycer, Thruvision, ACAL,Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization


Imaging, Spectroscopy & Communication system are the main Terahertz Type.

Major applications include Contactless Screening, Wireless Communication, Loss Prevention & Others

The main benefit include Increasing need of better imaging technology in medical and astronomy sector.

The North America Terahertz Technology Market is projected to grow at a CAGR of 38.4% during the forecast period 2023-2030 and is expected to reach US$ 4,620.3 Million by 2031.

Factors such as Increasing need of better imaging technology in medical and astronomy sector & Rising application of terahertz technology in food and agricultural products inspection. 

Spectroscopy segment holds the largest CAGR in the North America Terahertz Technology Market during the forecast period.

Technological challenges and high component cost and RD investments inhibits the growth of the Terahertz Technology market during the forecast period. 

The US holds the major share in terms of revenue in the North America Terahertz Technology Market.

Advancements in photonic and antenna research provides a lucrative growth opportunity in the Terahertz Technology market.

Terahertz Type, Application, Sources and Country are the different segments in the North America Terahertz Technology Market.

Advantest Corporation, Acal Bfi UK Ltd, Toptica, Luna Innovations, Hubner Gmbh & Co. Kg among others.