Market Overview:
The global terahertz scanner market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for terahertz scanners in security and non-destructive testing applications. Terahertz scanners are used for detecting concealed weapons and explosives, and for non-destructive testing of materials. They are also being increasingly used in medical imaging applications such as cancer detection. The global terahertz scanner market is segmented on the basis of type into portable terahertz scanners and fixed terahertz scanners. The portable segment is expected to grow at a higher CAGR than the fixed segment during the forecast period owing to its growing demand in security applications. On the basis of application, the global terahertz scanner market is divided into security field, industry NDT, and other applications such as medical imaging, research & development, etc.
Product Definition:
A terahertz scanner is a device that uses terahertz radiation to create images of objects. Terahertz radiation has a frequency range from 100 gigahertz (GHz) to 10 trillion hertz (THz). It is invisible to the naked eye and can pass through most materials, making it useful for imaging objects hidden behind walls or other barriers.
Portable Terahertz Scanner:
The global portable terahertz scanner market size was valued at USD o.5 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The increasing demand for non-invasive medical imaging coupled with the growing geriatric population base is expected to drive the growth of this industry over the forecast period.
The rising prevalence of cancer.
Fixed Terahertz Scanner:
Fixed terahertz scanner is a device that generates and detects the Terahertz (THz) radiation. It’s main function is to detect the thickness of materials. The THz radiation has wavelengths between 0.1 and 10 mm, which allows it to see through walls and other obstructions like X-rays or airport security scanners does.
Application Insights:
Based on application, the global terahertz scanner market is segmented into security field, industry non-destructive testing (NDT), and others. The NDT segment held a major share in 2017. It is anticipated to maintain its dominance over the forecast period owing to wide applications of terahertz radiation such as in x-ray and gamma ray imaging for various purposes such as detecting cracks in engine components or other hard surfaces, identifying corrosion on metal structures or pipelines, and inspecting welds for quality control purposes.
The security field was estimated to be one of the fastest growing segments during the study period owing to increasing government initiatives against terrorism which has resulted in increased spending on defense sector thereby boosting demand for advanced technologies that can help detect hidden bombs or contraband with high accuracy levels using unique Terahertz (THz) imaging technique.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of companies involved in manufacturing high-end technology products such as terahertz devices and scanners. Moreover, government funding for research & development activities that focus on developing advanced technologies is also expected to propel regional market growth over the forecast period.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing demand from end-use industries such as security and NDT for industrial applications across various countries including China, Japan, South Korea, India and Australia. Growing adoption by governments for airport security screening purposes is also anticipated to drive regional product demand over the next eight years. Furthermore, rising investments by prominent players are projected to further boost industry expansion opportunities in this region during the same period (2018 - 2030). For instance; In January 2018; Terahertz Solutions Pte., Ltd.
Growth Factors:
- Increasing demand for terahertz scanners in security and defense applications
- Growing use of terahertz scanners in medical diagnostics and therapeutics
- Rising demand for terahertz scanners from the semiconductor industry
- Proliferation of portable and handheld terahertz scanners
- Development of new applications for terahertz scanning technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Terahertz Scanner Market Research Report
By Type
Portable Terahertz Scanner, Fixed Terahertz Scanner
By Application
Security Fielde, Industry Non-Destructive Testing (NDT)
By Companies
TeraSense, INO, I2S SA, Ara Scientific ApS, NEC, Laserand, Aeotec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Terahertz Scanner Market Report Segments:
The global Terahertz Scanner market is segmented on the basis of:
Types
Portable Terahertz Scanner, Fixed Terahertz Scanner
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Security Fielde, Industry Non-Destructive Testing (NDT)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TeraSense
- INO
- I2S SA
- Ara Scientific ApS
- NEC
- Laserand
- Aeotec
Highlights of The Terahertz Scanner Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Terahertz Scanner
- Fixed Terahertz Scanner
- By Application:
- Security Fielde
- Industry Non-Destructive Testing (NDT)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Terahertz Scanner Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A terahertz scanner is a type of electromagnetic radiation scanner that can detect and image objects and materials at frequencies above the microwave range.
Some of the key players operating in the terahertz scanner market are TeraSense, INO, I2S SA, Ara Scientific ApS, NEC, Laserand, Aeotec.
The terahertz scanner market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Terahertz Scanner Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Terahertz Scanner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Terahertz Scanner Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Terahertz Scanner Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Terahertz Scanner Market Size & Forecast, 2020-2028
4.5.1 Terahertz Scanner Market Size and Y-o-Y Growth
4.5.2 Terahertz Scanner Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable Terahertz Scanner
5.2.2 Fixed Terahertz Scanner
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Security Fielde
6.2.2 Industry Non-Destructive Testing (NDT)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Terahertz Scanner Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Terahertz Scanner Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable Terahertz Scanner
9.6.2 Fixed Terahertz Scanner
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Security Fielde
9.10.2 Industry Non-Destructive Testing (NDT)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable Terahertz Scanner
10.6.2 Fixed Terahertz Scanner
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Security Fielde
10.10.2 Industry Non-Destructive Testing (NDT)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable Terahertz Scanner
11.6.2 Fixed Terahertz Scanner
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Security Fielde
11.10.2 Industry Non-Destructive Testing (NDT)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable Terahertz Scanner
12.6.2 Fixed Terahertz Scanner
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Security Fielde
12.10.2 Industry Non-Destructive Testing (NDT)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable Terahertz Scanner
13.6.2 Fixed Terahertz Scanner
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Security Fielde
13.10.2 Industry Non-Destructive Testing (NDT)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Terahertz Scanner Market: Competitive Dashboard
14.2 Global Terahertz Scanner Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TeraSense
14.3.2 INO
14.3.3 I2S SA
14.3.4 Ara Scientific ApS
14.3.5 NEC
14.3.6 Laserand
14.3.7 Aeotec
