Global Terahertz Technology Market to Reach $1.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Terahertz Technology estimated at US$220.1 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at aCAGR of 29% over the period 2020-2027. Terahertz Source, one of the segments analyzed in the report, is projected to record 29.2% CAGR and reach US$719.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Terahertz Detector segment is readjusted to a revised 28.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $66.1 Million, While China is Forecast to Grow at 28.1% CAGR
The Terahertz Technology market in the U.S. is estimated at US$66.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$223.8 Million by the year 2027 trailing a CAGR of 28.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26% and 24.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.3% CAGR.We bring years of research experience to this 9th edition of our report. The 178-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Biospace LAB
- Bruker Corporation
- Carl Zeiss Meditec AG
- Hamamatsu Photonics KK
- KARL STORZ SE & Co. KG
- LI-COR, Inc. (LI-COR Biosciences)
- Miltenyi Biotec GmbH
- Mizuho Corporation
- Novadaq Technologies, Inc.
- PerkinElmer, Inc.
- Promega Corporation