Market Challenges And Opportunities

The available terahertz devices are expensive and bulky which may hinder the growth of the market in near future. However, with the increasing research activities in this field is working on innovating flexible and cost effective terahertz devices. Moreover, developments in terms of system robustness, cost efficiency and measuring speed have to be implemented to make terahertz systems more competitive.

Advanced terahertz technology for quality control and process management is a prominent factor to fuel the terahertz components and systems market

T-rays or terahertz radiations shows potential application in the food industry for quality control process. Owing to its sensitivity towards water, so terahertz radiations are suitable for moisture detection. Increasing technological advancement in the food industry along with growing concern towards food quality is boosting the market for terahertz components and systems globally. Moreover, solar industry and homeland security are some of the prime application areas of terahertz technology which is anticipated to have positive impact on the market over the forecast period. Terahertz technology also have potential applications in archeological and historical studies as it can primarily characterizes the metal, stone, paints and any material without causing any damage. Terahertz systems have potential applications for chemical recognition. Furthermore, terahertz technology also have applications in advanced telecommunications which is having a positive impact on the market for terahertz components and systems over the forecast period.