Terahertz Components and Systems Market Boom world wide at CAGR of 27.9% by 2027
The Global Terahertz Components and Systems Market was valued at US$ 65.7 million in 2015, and it is expected to grow at a CAGR of 27.9% from 2017 to 2025. The growing use of terahertz technologies in many industry verticals, such as material inspection and process control monitoring, is expected to propel the global terahertz components and systems market forward. The global market for terahertz components and systems is also being fueled by the increasing use of terahertz technology in nondestructive testing for various materials. Furthermore, the global market for terahertz components and systems is being boosted by increased technical improvement in the food industry, as well as growing concern about food quality. Due to the expanding potential application of terahertz applications in security scanning, process control, medical imaging, and advanced communication instruments, among others, the market for terahertz components and systems is gaining significant impetus. G...