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Terahertz Market - Forecast(2022 - 2027)

The Global Terahertz market size is forecast to reach $ 1701.34 million by 2026, growing at a CAGR of 28% from 2021 to 2026. The growth of Terahertz market is attributed to applications of terahertz submillimeter radiation in fields such as spectroscopy, photovoltaic, medicine, pharmacy, quality assurance, dentistry, communication, and astronomy. Additionally, increasing applications of terahertz in cancer treatment and increasing adoption of terahertz spectroscopy in food inspection industries for quality check are also the contributing factors for the growth of the market. Furthermore, increasing adoption of terahertz imaging system technology in industries such as aerospace and defence & homeland security as well as rising investment in R&D activities are the major factors driving the growth of the market. Report Coverage The report: “Terahertz market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Terahertz market. By So...