The terahertz body scanning market size is projected to reach US$ 1,006.61 million by 2031 from US$ 124.87 million in 2023. The market is expected to register a CAGR of 29.8% in 2023–2031. The growing security concern among nations is likely to remain a key terahertz body scanning market trend.
Terahertz Body Scanning Market Analysis
The terahertz body scanning market is growing at a rapid pace due to increasing demand for covert and overt surveillance and rising spending on security solutions. The market is expanding steadily, driven by stringent rules and regulations imposed by the government towards the adoption of terahertz body scanning. Moreover, increasing terrorist activities worldwide and technological advancement are providing lucrative opportunities for market growth.
Terahertz Body Scanning Market Overview
Terahertz body scanning is a technology that uses terahertz radiation to create an image of a human’s body. Terahertz waves are able to penetrate materials such as clothing and are harmless to human body tissue, which makes them ideal solutions for imaging purposes. This scanning technology is highly used in numerous applications, including security screening, medical imaging, and other applications. Significant benefits provided by terahertz body scanning, such as the ability to detect hidden objects or anomalies within the human body, enhance security screening, and provide accurate data collection, and others, are driving the market during the forecast period.
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Terahertz Body Scanning Market Drivers and Opportunities
Increasing Demand for Covert and Overt Surveillance is Driving the Market
Terahertz imaging technologies and systems have recently developed and are widely used in numerous applications, including public places, airport and custom checkpoints, train stations and subways, and other secure sites. The increasing use of terahertz technology worldwide is associated with their low radiation and ability to detect concealed guns or other contraband in public places. If the terahertz body scanning is mounted in a suitable enclosure, it enables the operator to screen humans without awareness of stealth. This ensures proper detection of various person-borne dangers without creating any confusion. Furthermore, terahertz body scanning technology has the capability of measuring distances of up to 3 m suitable for remote detection of suspicious things hidden behind clothing. The mere presence of hidden goods helps law enforcement and security professionals to suspect and isolate him/her from police/security/customs officials for further physical inspection (body search). Thus, covert and overt surveillance is one of the critical factors fueling the market.
Increasing Terrorist Activities Worldwide – An Opportunity in the Terahertz Body Scanning Market
Terrorist activities have created awareness related to the vulnerability of public spaces and transportation systems. This increased security concerns and led security and government agencies to adopt more advanced, non-invasive methods and efficient scanning technologies for detecting concealed explosives, weapons, and other dangerous materials. Growing terrorist activities across the globe increase the demand and adoption of terahertz body scanning among security personnel. Terahertz body scanning is capable of identifying anomalies beneath clothing without the need for any physical contact. This improves efficiency by reducing the need for intrusive searches. The scanning allows quick and discrete screening, minimizing disruptions to the human flow in high-traffic areas and maintaining smooth operations by providing a high level of security vigilance. The growing number of terrorist activities across the globe and rising security concerns among nations are creating opportunities in the market during the forecast period.
Terahertz Body Scanning Market Report Segmentation Analysis
Key segments that contributed to the derivation of the terahertz body scanning market analysis are technology type, scanner types, and application.
- Based on technology type, the terahertz body scanning market is divided into standalone and integrated. The standalone segment held a larger market share in 2023.
- On the basis of scanner type, the market is segmented into fixed and portable. The fixed segment held the largest share of the market in 2023.
- In terms of application, the terahertz body scanning market is divided into public places, airport and custom checkpoints, train stations and subways, and others. The airport and custom checkpoints segment held a larger market share in 2023.
Terahertz Body Scanning Market Share Analysis by Geography
The geographic scope of the terahertz body scanning market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The market in Asia Pacific is projected to grow at a significant pace during the forecast period, due to the growing adoption of terahertz body scanning for improving security screening at airports, high-security facilities, and checkpoints. The scanning provides security personnel with the benefit of detecting concealed explosives, weapons, and other contraband without the need for any physical contact. This improves security and safety at public points. Increasing terrorist activities in the region are creating demand and opportunities for market growth.
Terahertz Body Scanning Market Regional Insights
The regional trends and factors influencing the Terahertz Body Scanning Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Terahertz Body Scanning Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Terahertz Body Scanning Market
Terahertz Body Scanning Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 124.87 million |
Market Size by 2031 | US$ 1,006.61 million |
Global CAGR (2023 - 2031) | 29.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Technology Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Terahertz Body Scanning Market Players Density: Understanding Its Impact on Business Dynamics
The Terahertz Body Scanning Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Terahertz Body Scanning Market are:
- Thruvision Group plc
- Terasense Group Inc
- Shanghai Eastimage Equipment Co. Ltd.
- Nuctech Company Limited
- MC2 Technologies
- unival group GmbH
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Terahertz Body Scanning Market top key players overview
Terahertz Body Scanning Market News and Recent Developments
The terahertz body scanning market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for terahertz body scanning and strategies:
- In March 2023, Mitsubishi Electric Corporation developed the first industrial tomographic-imaging technology that uses a 300GHz terahertz wave for one-shot, one-direction measurements at any depth, suitable for low-impact scanning of biological organisms and moving objects with millimeter resolution. (Source: Mitsubishi Electric Corporation, Press Release, 2023)
Terahertz Body Scanning Market Report Coverage and Deliverables
The “Terahertz Body Scanning Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology Type ; Scanner Type ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The incremental growth expected to be recorded for the global terahertz body scanning market during the forecast period is US$ 881.75 million.
The global terahertz body scanning market is expected to reach US$ 1,006.61 million by 2031.
The key players holding majority shares in the global terahertz body scanning market are Thruvision Group plc, Terasense Group Inc, Shanghai Eastimage Equipment Co. Ltd., Nuctech Company Limited, and MC2 Technologies.
The growing security concern among nations is anticipated to play a significant role in the global terahertz body scanning market in the coming years.
The global terahertz body scanning market was estimated to be US$ 124.87 million in 2023 and is expected to grow at a CAGR of 29.8% during the forecast period 2023 - 2031.