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Terahertz Body Scanning Market to hit US$ 316.09 million, Globally, by 2027 at 27.0% CAGR: The Insight Partners

According to the new research report published by The Insight Partners, titled “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.

However, due to the ongoing outbreak of COVID-19, all major countries in Europe, APAC, and North America have imposed strict restrictions on business activities and the movement of goods and people. All of these factors are expected to affect both the supply and demand of terahertz body scanners and thus affect the revenue growth of the global terahertz body scanning market, particularly in 2020 and 2021. Market growth is expected to stabilize in 2022, and the demand for terahertz body scanners is expected to see positive growth until 2027.

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Geographically, the terahertz body scanning market is segmented into five major regions North America, Europe, APAC, MEA, and SAM. Due to the increasing number of government regulations favoring terahertz body scanning in North America, the region held the largest share of the global terahertz body scanning market. Europe is a crucial market for the future growth of the terahertz body scanners market, owing to the presence of well-developed nations such as Germany, the UK, and France, which drives the adoption of advanced body scanning-based security solutions. Also, the presence of a large number of terahertz body scanning manufacturers in this region further contributes to the growth of the market. However, APAC is likely to be the fastest-growing region with an impressive 28.1% CAGR during 2020-2027 in terms of growth. APAC consists of various developing economies such as China, India, and several southeastern countries, as well as developed economies such as japan and South Korea. The growth outlook for terahertz body scanners in all major geographic regions is estimated to be quite favorable from 2020 to 2027.

Terahertz body scanners have a few advantages such as nonionizing 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 respond to the urgent demand for efficient, safe, and speedy imaging in remote security screening applications. The integration of innovative THz sensing techniques and advanced signal-generating technology based on IMPATT diodes resulted in a cost-effective cutting-edge system capable of real-time visualization of the threats hidden under people’s clothes. Moreover, the existing full-body scanners are used at most of the US airports to bounce millimeter waves off passengers to spot objects hidden under their clothes. However, there are a few market players offering innovative body scanners that are safe and widely adopted. For example, the Thruvisions device uses a passive terahertz technology that reads a person’s emitted energy, similar to the thermal imaging used in night vision goggles. Thruvision has promoted its scanning devices as being capable of screening up to 2,000 people in an hour and detecting a concealed weapon up to 25 feet away.

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Emerging Demand for Covert and Overt Surveillance

Terahertz imaging systems and techniques have been developed recently and are widely used owing to the advantages of low radiation and clothing-penetrable for detecting concealed weapons or other contraband at airports, customs, retail, and other secure locations. If mounted in a proper enclosure, the body scanner allows the operator to screen people with no knowledge of stealth. This ensures that various person-borne threats are detected effectively without creating chaos. Besides, the sufficient imaging distance of up to 3 m ensures remote detection of suspicious objects hidden beneath clothes. The mere presence of such hidden items can help law enforcement and security personnel mark a suspect and isolate him/her from police/security/customs officers for subsequent physical inspection (body search), depending on the scene. Thus, covert and overt surveillance is one of the major factors likely to drive market growth during the forecast period.

Terahertz Body Scanning Market: Competitive Landscape and Key Developments

Thruvision Group plc, Terasense Group Inc., Shanghai Eastimage Equipment Co., Ltd., Nuctech Company Limited, MC2 Technologies, Asqella Oy, unival group GmbH, INO, Leidos, and Rohde & Schwarz GmbH & Co. KG are among the key players in the global Terahertz Body Scanning market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

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In 2020, Asqella received funding from Business Finland, the Finnish government organization. The company announced to use of the funding for developing solutions related to submillimetre-wave thermography for sensitive as well as specific detection of people with fever.

In 2020, The Loss Prevention Foundation (LPF) announced Thruvision as its newest Bachelor Level Partner. The Bachelor level partnership enables Thruvision to offer LPG and LPC certification course scholarships, along with LPF memberships, to loss prevention industry professionals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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