Wellesley, Mass., July 10, 2017 (GLOBE NEWSWIRE) -- A new BCC Research report explores the spectrum of Terahertz range – radiation that exist between short-wave optical light and longer-wave radio waves. Recognized since the 1960s, these segments of the electromagnetic spectrum are starting to yield new applications, detailed in Terahertz Radiation Systems: Technologies and Global Markets. In 2014, the primary uses for terahertz technologies were in space satellites and probes but new markets are emerging.
Terahertz waves are safer to humans than X-rays, with limited range but the ability to penetrate clothing, wood, paper and other solid materials. An estimated $56.4 million annual market for these devices in 2016 and calculated to grow to $335.1 million by 2022 and reach $1.3 billion by 2027. Much of that growth depends on commercialization of new technologies that are still finding audiences, according to BCC Research.
One estimate is that terahertz computing is 10 years away, with devices that use terahertz waves instead of electricity to transmit data. Currently, radio waves and fiber optic light cables are used to build networks and requiring ever-increasing electrical power.
- Applications in transportation security, non-destructive testing, spectroscopy and communications are being developed worldwide.
- Imaging sales segment is estimated to grow at more than 34 % CAGR through 2022.
"Terahertz spectrum has been overlooked while more commercial use of radio, television, computing and other networking was the focus. It’s inevitable that more speed, more bandwidth and new demands will lead to a new set of advanced technologies,” says Kevin Fitzgerald, senior editor at BCC Research. "It’s happening all over the globe – with research moving forward in a diverse range of specialties.”
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.