According to IMARC Group’s latest report, titled “Terahertz Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global terahertz technologies market reached a value of US$ XX Million in 2020. Terahertz (THz) technologies are based on electromagnetic radiation (EMR), which lies in the spectrum between infrared radiation (IR) and microwaves. They can penetrate paper, wood, clothing, plastic, ceramics, cardboard, masonry, etc., without causing any damage. THz technologies yield high-resolution images and aid in transferring vast amounts of data quickly. Furthermore, their low-energy levels make them non-invasive, non-destructive, and intrinsically safe for humans, plants, and animals, compared to X-rays and near-infrared radiation (NIR).
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The rising utilization of THz in the food and beverage (F&B) industry for conducting non-destructive analysis (NDT) of sealed packages is bolstering the market growth. Moreover, the growing awareness towards numerous benefits of THz technologies in early diagnosis cancer is also augmenting the global market. Besides this, the increasing requirement for visualizing wounds under gypsum or bandage layers is acting as another growth-inducing factor. Additionally, THz technologies are gaining traction in the pharmaceutical industry to perform non-destructive, internal, and chemical analysis of various dosage forms, which is also propelling the market growth. Apart from this, the increasing applications of THz technologies for remote screening of people and luggage at airports due to the elevating public security concerns are expected to fuel the global terahertz technologies market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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