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 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 thefastest-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.
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The proposed Terahertz Body Scanning Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The Terahertz Body Scanning Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.
Furthermore, the Terahertz Body Scanning Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.
The Structure of The Terahertz Body Scanning Market Report Can Be Categorized into the Following Sections:
Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.
The Prominent/Emerging Players In The Terahertz Body Scanning Market Research Include:
- Thruvision Group plc
- Terasense Group Inc.
- Shanghai Eastimage Equipment Co., Ltd.
- Nuctech Company Limited
- MC2 Technologies
- Asqella Oy
- unival group GmbH
- Rohde & Schwarz GmbH & Co. KG
The Terahertz Body Scanning Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Growing safety concerns due to increased incidences of terrorism is supporting the growth of terahertz body scanning market
Increasing terrorist activities and rising security 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 of the country. The deployment of full-body scanners at airports has facilitated the reduction of fraudulent activities such as diamond smuggling, narcotics, weapons, and other expensive materials. Increased security screening systems that include a full-body scanner as one of the major components have successfully deteriorated the impact of terrorist activities on board. Additionally, 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 challenge of terrorism seriously and is ready to offer an active, terahertz-based stand-off security screening (body scanner) system. Such initiatives by the terahertz body scanning market players are likely to contribute toward the growth of the terahertz body scanning market.
Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.
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The Terahertz Body Scanning Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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