This report provides:
-An overview of the global market for terahertz radiation (THz) systems
-Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018
-Identification of the classes of devices, including imaging devices, spectroscopes, other sensors, communications devices, and computing devices
-Examination of general properties of THz radiation
-Historical milestones in the development of THz radiation devices
-Discussion of emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2018
-Assessments of promising THz applications in the context of user needs and competing technologies
-Comprehensive company profiles of major players.
Over the last hundred years or so, physicists and engineers have progressively learned to exploit new areas of the electromagnetic spectrum. Starting with visible light, they have developed technologies for generating and detecting radiation at both higher and lower frequencies.Sandwiched between the optical on the short wavelength side and radio on the long wavelength extreme, the terahertz (THz) frequency range (also called the far infrared or submillimeter-wave region) has been the least explored and developed portion of the electromagnetic spectrum. The potential usefulness of THz radiation, with its ability to penetrate a wide range of nonconducting materials, has been known for a long time. The first images generated using THz radiation date from as far back as the 1960s.However, practical applications of THz radiation have been longer in coming, due to the so-called “terahertz gap.” The terahertz gap refers to the technologies needed to generate, channel and detect THz radiation subject to real-world constraints such as size, cost and operating temperatures. Recent developments in THz radiation sources, detectors and waveguides have started to close the terahertz gap, opening up a range of potential applications in transportation security, medical imaging, nondestructive testing and other fields.
STUDY GOALS AND OBJECTIVES
This report is an update of an earlier
Identifying the THz applications that are most likely to achieve significant commercial sales by 2023.
Assessing any remaining barriers to their commercialization, and developing quantitative estimates of potential sales.
Analyzing promising THz applications in the context of user needs and competing technologies.
Developing quantitative market projections through 2023.
Identifying companies that are well positioned to profit from these trends.
This report is intended especially for marketing executives, entrepreneurs, investors, venture capitalists and other readers with a need to know where the emerging market for THz radiation devices is headed over the next 10 years. Although the report is organized around specific technologies, it is largely nontechnical in nature and coverage. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase and at what price.The report has not been written specifically for scientists and technologists. However, the report’s findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications, should interest them as well.
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