Global Terahertz Power Meter Market 2018-2022

Overview of the terahertz power meters market

The surging use of Terahertz technology to increase data speed and enable the quick transfer of information is impacting the market positively. With the continuously increasing adoption of cloud computing and cloud-based applications, the volumes of the digital content transmitting across networks have increased exponentially since the past few years. The increased use of smartphones, tablets, and other wireless communication devices has increased mobile data traffic in the recent years. Hence, with the growing fiber optics, the subsequent rise in demand for terahertz power meters is expected during the forecast period. Technavio’s market research analysis identifies rapid data explosion in networks as one of the primary driving factors for the growth of this market during the next few years. According to Technavio’s market research report, the terahertz power meters market is predicted to register a CAGR of about 27% by 2022.

Growing importance of tele-imaging is gaining traction in the market. The gradually increasing demand for medical imaging is expected to impact the market growth positively as it is the basis for the diagnosis and treatment of various diseases. Tele-imaging enables physicians to perform and interpret images in remote regions of the body. The rapid advances in technology such as telemedicine have enabled the integration of imaging equipment with satellite broadband to provide healthcare in remote areas. This has also encouraged the demand for terahertz imaging systems in developed and emerging economies, thereby, improving healthcare. Thus, rapid adoption of terahertz imaging systems will further accelerate the demand for terahertz power meters throughout the forecast period.

Companies covered

The terahertz power meters market is characterized by a presence of both international and regional players. With the growing importance of tele-imaging offering considerable growth opportunities, the players of current sensor market are increasingly focused on expanding their product portfolio across the globe. To help clients improve their revenue shares in this competitive market, Technavio’s market research report on the global terahertz power meters market offers information about the key initiatives and strategies followed by the market players and provides an in-depth analysis of the market’s competitive landscape.

This research report provides an analysis of various companies in the global terahertz power meters market including

• Advantest
• ALPhANOV
• Gentec Electro-Optics
• Ophir Optronics

Segmentation by application and analysis of the terahertz power meters market

• Commercial
• Government

Commercial application segment dominated the terahertz power meters market in 2017. According to Technavio’s market research report, the segment is expected to continue dominance in the current sensor market throughout the forecast period.

Segmentation by geography and analysis of the terahertz power meters market

• Americas
• APAC
• EMEA

The Americas accounted for the largest share of the terahertz power meters market in 2017. According to Technavio’s market research analysts, this regional segment is likely to continue its dominance in the market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global terahertz power meters market?
• What are the key market trends impacting the growth of the global terahertz power meters market?
• What are the challenges to market growth?
• Who are the key vendors in the global terahertz power meters market?
• What are the market opportunities and threats faced by the vendors in the global terahertz power meters market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global terahertz power meters market?

Technavio also offers customization on reports based on specific client requirement.