Terahertz (THz) systems open up the possibility of new applications of electromagnetic waves. Enormous bandwidths up to several terahertz enable the development of powerful spectroscopy systems that can provide insights into the structure and material of objects with micrometer resolution. New high power and compact THz time-domain spectroscopy (TDS) systems will be presented. The wide bandwidth also enables high-resolution imaging under far-field conditions to analyze arbitrary objects from a distance. In addition, a near-field system-on-a-chip imaging system is presented that achieves a resolution of 10 μm. Additionally, the application of terahertz waves presents challenges due to the low transmit power of the sources, high attenuation in free space, and the high noise figures of the receivers. These challenges can be overcome by antennas with high gain. Since -depending on the application -spatial scanning or focusing in a time-varying direction is required, beam steering is an essential component of many THz systems. In terms of communications, terahertz carrier frequencies offer wide bandwidths, enabling correspondingly high data rates of 100 Gbit/s and more. As a result, the frequency bands between 250 GHz and 450 GHz have already been identified and/or allocated for communication services and are being discussed as a component of 6G mobile communications. Concepts and demonstrations for 6G terahertz mobile communications will be presented. The high bandwidth of terahertz waves can also be used for high-accuracy indoor localization.INDEX TERMS THz time-domain spectroscopy, high average power THz systems, THz far-field imaging, THz near-field imaging, THz communication, THz localization, MTT 70th Anniversary Special Issue.