Terahertz Body Scanning Market Revenue to Cross US$ 316.09 million by 2027: The Insight Partners

According to our latest market study on "Terahertz Body Scanning Market to 2027 - COVID-19 Impact and Global Analysis by Technology Type (Standalone and Integrated); Scanner Type (Fixed and Portable); Application (Public Places, Airport and Custom Checkpoints, Train Stations and Subways, and Others); and Geography," the market was valued at US$ 48.54 million in 2019 and is projected to reach US$ 316.09 million by 2027; it is expected to grow at a CAGR of 27.0% from 2020 to 2027.

Geographically, the terahertz body scanning market issegmented into five major regions North America, Europe, APAC, MEA, and SAM.Due to the increasing number of government regulations favoring terahertz bodyscanning in North America, the region held the largest share of the globalterahertz body scanning market. Europe is a crucial market for the future growthof the terahertz body scanners market, owing to the presence of well-developednations such as Germany, the UK, and France, which drives the adoption ofadvanced body scanning-based security solutions. Also, the presence of a largenumber of terahertz body scanning manufacturers in this region furthercontributes to the growth of the market. However, APAC is likely to be thefastest-growing region with an impressive 28.1% CAGR during 2020-2027 in termsof growth. APAC consists of various developing economies such as China, India,and several southeastern countries, as well as developed economies such asJapan and South Korea. The growth outlook for terahertz body scanners in allmajor geographic regions is estimated to be quite favorable from 2020 to 2027.

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Increasing terrorist activities and rising threats to major economies have forced the government and other governing bodies to undertake air traffic controls such as the Federal Aviation Administration (FAA) to increase security scanning systems across all entry and exit points in the country. Also, with the rising level of violence and terrorism worldwide, various companies, such as TeraSense, are receiving inquiries on security screening systems, similar to those used at airports. The TeraSense team has taken the terrorism challenge seriously and is ready to offer active, terahertz-based stand-off security screening (body scanner) system. Such initiatives by the market players are likely to contribute toward the market growth. As human health and safety are of paramount importance, terahertz screening solutions have gained traction. In contrast to X-ray machines, terahertz waves are entirely harmless to humans and have no ionizing radiation, but they can easily penetrate clothes and other enclosures.

With growing technological advancements across different industries, the demand for terahertz body scanning in public spaces, airport checkpoints, train stations, and subways is increasing at an alarming level. Additionally, a few companies have started to take initiatives to improve the capacity of terahertz security scanners. For example, Aurora supports Sequestim, a company that seeks to Terahertz Body Scanning market terahertz (THz) image technology of the next generation for security screening applications. The two companies collaborated to form as a part of the Future Aviation Security Solutions (FASS) program-a government funding scheme to improve the experience and safety of passengers-where a new type of body scanner was presented. The increasing spending on the security scanning devices in developing as well as developed countries is projected to drive the demand for terahertz body scanning among end-customers in coming years.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Terahertz Body Scanning Market' provides the analysis on impact on Covid-19 on business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
Terahertz body scanners have a few advantages such as noionizing radiation, extremely high image acquisition rates of up to 5,000frames per second, easy integration into industrial processes, and low cost.Also, a new sub-terahertz security body scanner has been developed to respondto the urgent demand for efficient, safe, and speedy imaging in remote securityscreening applications.

The integration of innovative THz sensing technique and advanced signal-generating technology based on IMPATT dioderesulted in a cost-effective cutting-edge system capable of real-timevisualization of the threats hidden under people's clothes. Moreover, theexisting full-body scanners are used at most of the US airports' bouncemillimeter waves off passengers to spot objects hidden under their clothes.However, there are a few market players offering innovative body scanners thatare safe and widely adopted. For example, Thruvisions device uses a passiveterahertz technology that reads a person's emitted energy, similar to thethermal imaging used in night vision goggles. Thruvision has promoted itsscanning devices as being capable of screening up to 2,000 people in an hourand detecting a concealed weapon up to 25 feet away.

Terahertz Body Scanning Market - Company Profiles

Thruvision Group plc
Terasense Group Inc
Shanghai Eastimage Equipment Co. Ltd.
Nuctech Company Limited
MC2 Technologies
Asqella Oy
unival group GmbH
INO
Leidos Holdings, Inc
Rohde & Schwarz GmbH & Co

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