Terahertz Technologies Market Is Estimated To Witness High Growth Owing To Rising Demand for Non-Destructive Testing and Imaging Applications
Terahertz Technologies Market The global Terahertz Technologies Market is estimated to be valued at US$ 421.5 Mn In 2021 and is expected to exhibit a CAGR Of 23.7% over the forecast period, according to a new report published by Coherent Market Insights. Market Overview: Terahertz technologies are used for imaging, sensing, and spectroscopic applications. These technologies operate in the frequency range from 0.1 to 10 THz and offer advantages such as non-destructive testing, non-ionizing radiation, and safe usage for humans. Terahertz technologies find applications in various industries such as healthcare, aerospace, defense, and semiconductor. The increasing demand for non-destructive testing and imaging applications is driving the growth of the Terahertz Technologies Market. Market Key Trends: One key trend in the Terahertz Technologies Market is the rising adoption of terahertz technology in the pharmaceutical industry. Terahertz imaging is gaining traction in pharmaceutical r