A number of technical breakthroughs in electronics and photonics made since the early 1990s have started to bring terahertz (THz)-wave technologies from laboratory demonstrators to industrial applications such as non-destructive testing, security, medicine, communications, etc. This paper overviews the latest progress in THz-wave technologies in terms of components such as sources and detectors, and system applications, and discusses future challenges towards market developments. Keywords: terahertz, source, detector, spectroscopy, imaging, communication Classification: Fiber optics, Microwave photonics, Optical interconnection, Photonic signal processing, Photonic integration and systems
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