July 30, ,2013 : Bharat Book Bureau presents the new report, on 'Terahertz Radiation Systems: Technologies and Global Markets' An overview of the global market for terahertz radiation (THz) systems
Identification of the classes of devices, including imaging devices, spectroscopes, other sensors, communications devices, and computing devices
Examination of general properties of THz radiation
Historical milestones in the development of THz radiation devices
Discussion of emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2018
Assessments of promising THz applications in the context of user needs and competing technologies
Comprehensive company profiles of major players.
Over the last hundred years or so, physicists and engineers have progressively learned to exploit new areas of the electromagnetic spectrum. Starting with visible light, they have developed technologies for generating and detecting radiation at both higher and lower frequencies.
Sandwiched between the optical on the short wavelength side and radio on the long wavelength extreme, the terahertz (THz) frequency range (also called the far infrared or submillimeter-wave region) has been the least explored and developed portion of the electromagnetic spectrum. The potential usefulness of THz radiation, with its ability to penetrate a wide range of nonconducting materials, has been known for a long time. The first images generated using THz radiation date from as far back as the 1960s.
However, practical applications of THz radiation have been longer in coming, due to the so-called “terahertz gap.” The terahertz gap refers to the technologies needed to generate, channel and detect THz radiation subject to real-world constraints such as size, cost and operating temperatures. Recent developments in THz radiation sources, detectors and waveguides have started to close the terahertz gap, opening up a range of potential applications in transportation security, medical imaging, nondestructive testing and other fields.
STUDY GOALS AND OBJECTIVES
This report is an update of an earlier BCC Research report, published in 2011. The overall goals of this report include assessing the technological process that has been made toward bridging the terahertz gap and assessing the commercial potential of THz radiation devices over the next five to 10 years. Specific objectives include:
Identifying the THz applications that are most likely to achieve significant commercial sales by 2023.
Assessing any remaining barriers to their commercialization, and developing quantitative estimates of potential sales.
Analyzing promising THz applications in the context of user needs and competing technologies.
Developing quantitative market projections through 2023.
Identifying companies that are well positioned to profit from these trends.
This report is intended especially for marketing executives, entrepreneurs, investors, venture capitalists and other readers with a need to know where the emerging market for THz radiation devices is headed over the next 10 years. Although the report is organized around specific technologies, it is largely nontechnical in nature and coverage. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase and at what price.
The report has not been written specifically for scientists and technologists. However, the report’s findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications, should interest them as well.
SCOPE AND FORMAT
The report addresses the emerging global market for THz radiation devices, including the classes of devices listed below.
The study format includes the following major elements:
General properties of THz radiation.
Historical milestones in the development of THz radiation devices.
Emerging and developmental THz radiation technologies and applications that have the greatest commercial potential through 2023.
Detailed market estimates and projections for each technology and application during the period 2013 to 2018
General assessment of expected market trends in the longer term (2018 to 2023).
INFORMATION SOURCES AND METHODOLOGY
Projecting the market for emerging technologies, whose commercial potential has not yet been proven, is a challenging task. This is nowhere truer than the THz radiation field, which may help to explain why many analysts focus on supply-side technology assessments.
However, BCC’s objective in this report is to provide not just a technology assessment but also an initial commercial assessment of the potential commercial market for THz devices. To accomplish this objective, BCC used a multiphase approach to identify the technologies with the greatest commercial potential and quantify the related markets.
In the first phase of the analysis, BCC identified a long list of THz technologies and applications, including those that are still under development. In the second phase, BCC eliminated those applications that appear to have little likelihood of making it into commercial use in the next five to 10 years, which was accomplished through a literature review and interviews with industry sources. The result of phase two was a short list of THz technologies with the greatest commercial potential over the time period covered by this report.
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