According to Cognitive Market Research, the global Terahertz Radiation Device market size was USD 951.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 18.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 380.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 285.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 218.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 47.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 19.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2031.
The Imaging Devices category is the fastest growing segment of the Terahertz Radiation Device industry
