Market Introduction
A terahertz body scanner is a detector used for detecting hidden objects, such as weapons and other illegal items, underneath a person’s clothing using terahertz radiations. By 2037, the International Air Transport Association (IATA) predicts a two-fold increase in the number of passengers worldwide, reaching more than 8 billion. This will place an enormous pressure on airports not only in terms of capacity but also in terms of safe and secure processing of passengers. 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 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.
Market Overview and Dynamics
The terahertz body scanning market in North America was valued at US$ 19.42 million in 2019 and is projected to reach US$ 128.75 million by 2027; it is expected to grow at a CAGR of 27.3% from 2020 to 2027.The COVID-19 outbreak is anticipated to negatively affect the growth rate of North America terahertz body scanning market in the year 2020 and 2021 and thus there is a decline in y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace. Increasing demand for efficient terahertz body scanning and rising safety concerns due to increased terrorist attacks are some of the key driving factors for the market growth.
Key Market Segments
In terms of technology type, the standalone segment accounted for the larger share of the North America terahertz body scanning market in 2019. In terms of scanner type, the fixed segment held a larger share of the North America terahertz body scanning market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred while preparing this report on the terahertz body scanning market in North America are company websites, annual reports, financial reports, national government documents, statistical database, and among others. Thruvision Group plc, Terasense Group Inc., Shanghai Eastimage Equipment Co., Ltd., Nuctech Company Limited, INO, Leidos, and Rohde & Schwarz GmbH & Co. KG are some of the major companies listed in the report.
Reasons to buy report
The report segments the North America terahertz body scanning market as follows:
North America Terahertz Body Scanning Market – By Technology Type
North America Terahertz Body Scanning Market – By Scanner Type
North America Terahertz Body Scanning Market – By Application
North America Terahertz Body Scanning Market – By Country
North America Terahertz Body Scanning Market -Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 19.42 Million |
| Market Size by 2027 | US$ 128.75 Million |
| CAGR (2020 - 2027) | 27.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Technology Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Terahertz Body Scanning Market is valued at US$ 19.42 Million in 2019, it is projected to reach US$ 128.75 Million by 2027.
As per our report North America Terahertz Body Scanning Market, the market size is valued at US$ 19.42 Million in 2019, projecting it to reach US$ 128.75 Million by 2027. This translates to a CAGR of approximately 27.3% during the forecast period.
The North America Terahertz Body Scanning Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Terahertz Body Scanning Market report:
The North America Terahertz Body Scanning Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Terahertz Body Scanning Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Terahertz Body Scanning Market value chain can benefit from the information contained in a comprehensive market report.
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