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: Strategic Insights
Market Size Value in US$ 48.54 Million in 2019 Market Size Value by US$ 316.09 Million by 2027 Growth rate CAGR of 27.0% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Terahertz Body Scanning Market: Strategic Insights
| Market Size Value in | US$ 48.54 Million in 2019 |
| Market Size Value by | US$ 316.09 Million by 2027 |
| Growth rate | CAGR of 27.0% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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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 Report Scope
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
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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