China Terahertz Technology Market Size and Forecast 2021 - 2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Application, Type, and Country

The China terahertz technology market size was valued US$ 76.55 Million in 2023 and is expected to reach US$ 318.13 Million by 2031; it is estimated to record a CAGR of 19.5% from 2023 to 2031.

Since the early 1990s, a series of technological developments in electronics and photonics have begun to move terahertz (THz)-wave technology from laboratory demonstration to industrial applications such as non-destructive testing, medical, security, and communications. Unlike the well-known infrared and X-rays, which are the least known and developed electromagnetic bands, terahertz is characterized as the "last gap" in the electromagnetic spectrum. Terahertz is progressively becoming a major scientific research topic as science and technology advance. According to scientists, terahertz radiation is quite safe and has good penetration and direction.

Terahertz sources have emerged as a promising field with significant potential for various applications in science and technology. Recent innovations in terahertz sources have made the terahertz spectrum accessible to technologists and scientists in diverse areas, including medicine, biology, pharmaceuticals, chemistry, and environmental sciences. While there is still room for improvement in terms of functionality and performance, existing commercially available terahertz sources have already paved the way for researchers to explore scientific problems within the scope of terahertz waves. These advancements have opened up new opportunities for scientists and technologists to leverage the unique properties of terahertz waves.

The next-generation mobile network technology, 6G, is expected to have a transformative impact on China's terahertz technology market. In November 2022, NOKIA Bell Labs partnered with Keysight Technologies, Inc. to verify the performance of its 5G advanced and 6G transceiver modules using terahertz technology. This collaboration highlights the growing importance of terahertz technology in the development of 5G and 6G networks. Additionally, other manufacturers, such as Das-Nano and TeraSense Group, are expanding their presence in the terahertz technology market. These advancements and expansions are driving the adoption of terahertz technology across various industries, including automotive, aerospace, wind energy, and plastic components.

Based on component, the market is segmented into terahertz detectors and terahertz sources. The terahertz sources segment held the largest China terahertz technology market share in 2023 China terahertz technology market share in 2023. Based on application, the market is segmented into medical & healthcare, defense & security, food & agriculture, industrial, semiconductor, and others. The medical and healthcare segment held the largest share in the China terahertz technology market share in 2023.

Quenda Terahertz Technology Co., Ltd.; Nuctech Company Ltd; Advanced Photonics; Advantest Corporation; Luna Innovations Inc.; Menlo Systems; Canon Inc.; Horiba; Terasense Group; and Toptica Group are among the prominent players profiled in the China terahertz technology market report. The China terahertz technology market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.

The overall China terahertz technology market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the China terahertz technology market analysis. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the market.