The report provides information on the trends of the terahertz technology market along with the complete analysis of the industry for the next five years. It also provides an in-depth analysis of the factors driving and restraining the growth of the terahertz technology market. The segmentation of the market on the basis of geography helps in determining the market size in four major regions: North America, Europe, APAC, and RoW. Currently, North America holds the largest share of the global total terahertz technology market.

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The major players in the terahertz technology market include Advantest Corporation (Japan), TeraView (U.K.), Menlo Systems GmbH (Germany), Acal Plc (U.K.), and Microtech Instrument Inc. (U.S.) among others.

TeraView (U.K.) manufactures instruments that provide a reliable and robust source of terahertz light and exploit its properties to characterize a wide range of materials. Its patented terahertz technology creates spectroscopic information and 3D images with unique spectroscopic signatures not found at other wavelengths. This technology resolves several questions that are left unanswered by complementary techniques such as optical imaging, Raman, and infrared.

The company provides end-users with the benefits of terahertz imaging and spectroscopy and also expertizes in manipulation of terahertz light. It provides both terahertz instrumentation as well as application know-hows to its customers. TeraView’s products have applications in various industries such as pharmaceuticals, medical imaging, homeland security, semiconductor, non-destructive testing, material characterization, and solar.

The company has its services machines installed in around 15 countries worldwide, including in the U.S., seven European companies, China, Hong Kong, South Korea, Singapore, Saudi Arabia, India, Israel, and Japan. It offers TeraPulse 4000, the company’s well-known product used for imaging and spectroscopy applications, in the terahertz technology market. The company has adopted the expansion approach to grow in the terahertz technology market; for example, in June 2014, the company established its presence in Asia by setting up a new office at Seoul (South Korea) to enhance the service, technical support, and application-specific expertise for its customers and commercial partners in the region.

Advantest Corporation (Japan) manufactures and sells mechatronic products. The company operates through the following business segments: semiconductor and component test systems, mechatronics systems, and services, support, & others.

Through the service, support, & others segment, it develops groundbreaking products that utilize technologies such as terahertz wave measurement and micro-electro-mechanical systems (MEMSs), targeting diverse new markets such as pharmaceutical product analysis and electronic components. Advantest Pte. Ltd. (Singapore), Advantest America Inc. (America), Advantest Component Inc. (Japan), Advantest Europe Gmbh (Germany), and Cloud Testing Service Inc. (Japan) are some of its subsidiaries. Advantest Corporation has a presence in the Americas, China, Germany, Japan, Singapore, South Korea, and Taiwan.

The company offers Terahertz Spectroscopic System TAS7400 Series, a spectroscopy product, in the terahertz technology market. The company has adopted the strategies of partnerships and expansions to grow in the market; for example, in September 2015, Advantest (Singapore) Pte. Ltd.’s outsourced semiconductor assembly and test (OSAT) foundry, Fabtronic Sdn Bhd (Malaysia), and Malaysia's Northern Corridor Implementation Authority (NCIA) (Malaysia) entered into a strategic partnership to enhance the test-development and product-characterization skills of integrated circuit (IC) test engineers.

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