South America Terahertz Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Terahertz Sources and Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication Syste

South America Terahertz Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Terahertz Sources and Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication System), and Application (Medical & Healthcare, Defense and Security, Food & Agriculture, Industrial, and Other)

The terahertz technology market in SAM is expected to grow from US$ 6.14 million in 2019 to US$ 35.47 million by 2027; it is estimated to grow at a CAGR of 24.7% from 2020 to 2027.

Due to recent developments, the food industry is also going to avail processing application of terahertz technology. The use of ionizing radiation (X-rays) is critical for quality control and nondestructive testing because of its detrimental effect on biological agents. Rather than using X-ray machines, packagers and food manufacturers can use terahertz food scanners to verify the process. For example, whether a pick-and-place robotic arm has placed all candy bars inside the carton can be scanned by these scanners. The THz imagers have no problem seeing through cardboard or PE packaging - individual chocolate bars can be wrapped in any material. Even metal-containing foil is impervious to the THz rays. Metal foil in the THz images would create an even better contrast. Also, reports of insects and other foreign objects found in food are a severe cause of concern to consumers, food producers, and retailers. Unwrapping a chocolate bar could reveal an unpleasant surprise, like an insect, pieces of metal or glass, or dirt clots. Industrial clients can detect any signs of infections such as Aspergillus parasiticus and Aspergillus flavus, which discharge the hazardous carcinogen Aflatoxins B1, with the assistance of our THz imagers. Hence rising use of terahertz technology in the food industry is driving the demand for terahertz technology. The recent surge in terahertz technology from the defense, homeland security, and medical sectors is among the other factors expected to positively influence the demand for terahertz technology.

In terms of components, the terahertz detectors segment led the SAM terahertz technology market in 2019. Terahertz radiation falls between the microwaves and the far infrared portion of the electromagnetic spectrum. These radiations have the capability to penetrate things such as, plastics, clothing, and wood, and are non-ionizing, thus, making it safe for individuals and not potentially harmful when compared to X-rays that can be harmful. It’s been widely utilized in full body scan machines in the airports and other public places for security applications and in medical applications for initial cancer cell detection. Terahertz radiation falls in the frequency ranging from 0.1 THz to 10 THz, corresponding to wavelengths from 3mm down to 30μm. These frequencies are tough to identify with traditional means of electronics, which are capable to access only the lower end of terahertz region. As a result, several other methods for terahertz detection have been designed and developed. Some of them include the usage of photonics. All these above mentioned factors ultimately drives SAM terahertz technology market. Further, the COVID-19 pandemic is affecting various industries. In SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes. The presence of various developing nations makes SAM as one of the major market for the growth of terahertz technology market during the forecast period. However, the sharp decline in manufacturing, healthcare and medical, defense, and food and agriculture activities in this region due to COVID-19 lockdown measures is expected to negatively impact the growth of terahertz technology market in the coming quarters. In addition to this, the supply chain disruptions and non-availability of raw materials will also aggravate the problems of various industries operating in this region.

The overall SAM terahertz technology market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the SAM terahertz technology market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM terahertz technology. Advantest Corporation; Luna Innovations Inc.; Microtech Instrument Inc.; Terasense Group Inc. and Teraview limited are among a few players operating in SAM terahertz technology market.

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1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Terahertz Technology Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Terahertz Technology Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Terahertz Technology from the Defence, Homeland Security, and Medical Sectors have seen a huge surge in demand
5.2 Market Restraints
5.2.1 Shortfall of Skilled Professionals and Inadequate Awareness
5.3 Market Opportunities
5.3.1 Food Industry To Avail Processing Application of Terahertz Technology
5.4 Future Trends
5.4.1 Satellite Communication adopting Terahertz Technology
5.5 Impact Analysis of Drivers and Restraints
6. Terahertz Technology Market – SAM Analysis
6.1 SAM Terahertz Technology Market Overview
6.2 SAM Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Key Players
7. SAM Terahertz Technology Market Analysis – By Component
7.1 Overview
7.2 SAM Terahertz Technology Market, By Component (2019 and 2027)
7.3 Terahertz Sources
7.3.1 Overview
7.3.2 Terahertz Sources: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Terahertz Detectors
7.4.1 Overview
7.4.2 Terahertz Detectors: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
8. SAM Terahertz Technology Market Analysis – By Type
8.1 Overview
8.2 SAM Terahertz Technology Market, By Type (2019 and 2027)
8.3 Terahertz Imaging Systems
8.3.1 Overview
8.3.2 Terahertz Imaging Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Terahertz Spectroscopy Systems
8.4.1 Overview
8.4.2 Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Terahertz Communication System
8.5.1 Overview
8.5.2 Terahertz Communication System: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
9. SAM Terahertz Technology Market Analysis – By Application
9.1 Overview
9.2 SAM Terahertz Technology Market, By Application (2019 and 2027)
9.3 Medical & Healthcare
9.3.1 Overview
9.3.2 Medical & Healthcare: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Defense & Security
9.4.1 Overview
9.4.2 Defense & Security: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Food & Agriculture
9.5.1 Overview
9.5.2 Food & Agriculture: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
10. Sam Terahertz Technology Market – Country Analysis
10.1 Overview
10.1.1 SAM: Terahertz Technology Market, by Key Country
10.1.1.1 Brazil: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Brazil: Terahertz Technology Market, by Component
10.1.1.1.2 Brazil: Terahertz Technology Market, by Type
10.1.1.1.3 Brazil: Terahertz Technology Market, by Application
10.1.1.2 Argentina: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Argentina: Terahertz Technology Market, by Component
10.1.1.2.2 Argentina: Terahertz Technology Market, by Type
10.1.1.2.3 Argentina: Terahertz Technology Market, by Application
10.1.1.3 Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Rest of SAM: Terahertz Technology Market, by Component
10.1.1.3.2 Rest of SAM: Terahertz Technology Market, by Type
10.1.1.3.3 Rest of SAM: Terahertz Technology Market, by Application
11. SAM Terahertz Technology Market- COVID-19 Impact Analysis
11.1 SAM
12. Terahertz Technology Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. COMPANY PROFILES
13.1 Terasense Group Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Teraview limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Advantest Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Luna Innovations Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microtech Instrument Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
List of Tables
Table 1. SAM Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. SAM Terahertz Technology Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 3. Brazil: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Argentina: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM: Terahertz Technology Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM: Terahertz Technology Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of SAM: Terahertz Technology Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Glossary of Term: Terahertz Technology Market
List of Figures
Figure 1. SAM Terahertz Technology Market Segmentation
Figure 2. SAM Terahertz Technology Market Segmentation – By Country
Figure 3. SAM Terahertz Technology Market Overview
Figure 4. Terahertz Detector Segment Dominated the Market
Figure 5. Defense & Security Segment to be a Fastest Growing Application
Figure 6. Rest of SAM to Show Great Traction During Forecast Period
Figure 7. SAM Terahertz Technology Market, Industry Landscape
Figure 8. SAM Terahertz Technology Market, Country Analysis
Figure 9. SAM- PEST Analysis
Figure 10. SAM Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. SAM Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 13. SAM Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. SAM Terahertz Technology Market Revenue Share, by Component (2019 and 2027)
Figure 15. SAM Terahertz Sources: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. SAM Terahertz Detectors: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. SAM Terahertz Technology Market Revenue Share, by Type (2019 and 2027)
Figure 18. SAM Terahertz Imaging Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. SAM Terahertz Spectroscopy Systems: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. SAM Terahertz Communication System: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. SAM Terahertz Technology Market Revenue Share, by Application (2019 and 2027)
Figure 22. SAM Medical & Healthcare: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. SAM Defense & Security: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. SAM Food & Agriculture: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. SAM Industrial: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. SAM Others: Terahertz Technology Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. SAM: Terahertz Technology Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. Brazil: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Argentina: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Rest of SAM: Terahertz Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in SAM Country Markets

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