Market Overview:
The global terahertz imaging inspection market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for terahertz imaging in transportation and public security, industrial, pharmaceutical & biomedical, and other applications. In terms of type, passive terahertz imaging is expected to hold a larger share of the market during the forecast period. However, active terahertz imaging is projected to grow at a higher CAGR than passive terahertz imaging during the forecast period.
Product Definition:
Terahertz Imaging Inspection is the use of Terahertz radiation to inspect materials for defects. Terahertz radiation is electromagnetic radiation with a frequency in the range of 100GHz to 10THz. It falls between microwaves and infrared radiation in the electromagnetic spectrum, and its wavelength ranges from 0.1mm to 10 micrometers. Terahertz Imaging Inspection is important because it can be used to detect defects in materials that are not visible with other forms of inspection such as X-rays or ultrasound.
Passive Terahertz Imaging:
Passive terahertz imaging is a non-invasive technique that utilizes terahertz radiation to obtain images of the internal body without any surgery. The technology has been in practice for more than two decades and has gained significant ground globally over this period owing to its several advantages such as the ability to penetrate tissue, high resolution, and wide field of view.
Active Terahertz Imaging:
Active terahertz imaging is a non-invasive technique that utilizes terahertz radiation to obtain images of the internal body. The major advantage of this technology is that it can penetrate solid objects and hence helps in identifying problems such as tumors or blood clots in the heart, brain or other parts of the body. It also helps identify cancer cells which are often difficult to detect using other imaging technologies.
The global active terahertz imaging.
Application Insights:
In 2017, the transportation and public security segment dominated the global market with a share of over 30.0% in terms of revenue. The growth can be attributed to the increasing adoption of terahertz imaging for airport security and monitoring terrorist threats at sea, along with growing concerns regarding aviation safety. Furthermore, rapid advancements in technology are enabling operators to deploy passive as well as active terahertz imaging systems for enhanced passenger experience and baggage screening at airports across the world.
The industrial application is anticipated to register notable gains owing to its ability to detect flaws or anomalies in materials used by manufacturers during production process or while handling raw materials, which may eventually lead up a product defect or contamination issue later on during use & consumption stages.
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 players and increased research & development activities. Moreover, growing demand for security equipment such as airport scanners and body-scanning machines is expected to drive the regional market over the forecast period. Europe also held a significant share in terms of revenue owing to high adoption rates for emerging technologies such as terahertz imaging inspection systems in various industrial applications including pharmaceuticals, automotive, aerospace & defense among others.
Growth Factors:
- Increasing demand for terahertz imaging inspection in security and defense applications
- Growing popularity of terahertz imaging inspection in medical diagnostics
- Rising demand for terahertz imaging inspection in industrial and commercial applications
- Proliferation of portable and handheld terahertz imagers
- Technological advancements in the field of terahertz radiation detection and imaging
Scope Of The Report
Report Attributes
Report Details
Report Title
Terahertz Imaging Inspection Market Research Report
By Type
Passive Terahertz Imaging, Active Terahertz Imaging
By Application
Transportation & Public Security, Industrial, Pharmaceutical & BioMedical, Others
By Companies
Brainware Terahertz Information Technology Co., Ltd, Advantest Corporation, Luna Innovations Incorporated, Toptica Photonics AG, Terasense Group Inc., TeraView, Daheng New Epoch Technology, Menlo Systems GmbH, Insight Product Co., Asqella, Traycer, Microtech Instrument Inc
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Terahertz Imaging Inspection Market Report Segments:
The global Terahertz Imaging Inspection market is segmented on the basis of:
Types
Passive Terahertz Imaging, Active Terahertz Imaging
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
Transportation & Public Security, Industrial, Pharmaceutical & BioMedical, Others
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:
- Brainware Terahertz Information Technology Co., Ltd
- Advantest Corporation
- Luna Innovations Incorporated
- Toptica Photonics AG
- Terasense Group Inc.
- TeraView
- Daheng New Epoch Technology
- Menlo Systems GmbH
- Insight Product Co.
- Asqella
- Traycer
- Microtech Instrument Inc
Highlights of The Terahertz Imaging Inspection 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:
- Passive Terahertz Imaging
- Active Terahertz Imaging
- By Application:
- Transportation & Public Security
- Industrial
- Pharmaceutical & BioMedical
- Others
- 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 Imaging Inspection 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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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?
Terahertz imaging inspection is a type of inspection that uses terahertz radiation to see through objects. Terahertz radiation has a very short wavelength, which makes it able to pass through many materials without being affected. This makes it an ideal tool for inspecting objects that are difficult to see with other types of radiation, such as X-rays or optical light.
Some of the major players in the terahertz imaging inspection market are Brainware Terahertz Information Technology Co., Ltd, Advantest Corporation, Luna Innovations Incorporated, Toptica Photonics AG, Terasense Group Inc., TeraView, Daheng New Epoch Technology, Menlo Systems GmbH, Insight Product Co., Asqella, Traycer, Microtech Instrument Inc.
The terahertz imaging inspection market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Terahertz Imaging Inspection Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Terahertz Imaging Inspection Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Terahertz Imaging Inspection Market - Supply Chain
4.5. Global Terahertz Imaging Inspection Market Forecast
4.5.1. Terahertz Imaging Inspection Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Terahertz Imaging Inspection Market Size (000 Units) and Y-o-Y Growth
4.5.3. Terahertz Imaging Inspection Market Absolute $ Opportunity
5. Global Terahertz Imaging Inspection Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Terahertz Imaging Inspection Market Size and Volume Forecast by Type
5.3.1. Passive Terahertz Imaging
5.3.2. Active Terahertz Imaging
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Terahertz Imaging Inspection Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Terahertz Imaging Inspection Market Size and Volume Forecast by Application
6.3.1. Transportation & Public Security
6.3.2. Industrial
6.3.3. Pharmaceutical & BioMedical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Terahertz Imaging Inspection Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Terahertz Imaging Inspection Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Terahertz Imaging Inspection Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Terahertz Imaging Inspection Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Terahertz Imaging Inspection Demand Share Forecast, 2019-2026
9. North America Terahertz Imaging Inspection Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Terahertz Imaging Inspection Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Terahertz Imaging Inspection Market Size and Volume Forecast by Application
9.4.1. Transportation & Public Security
9.4.2. Industrial
9.4.3. Pharmaceutical & BioMedical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Terahertz Imaging Inspection Market Size and Volume Forecast by Type
9.7.1. Passive Terahertz Imaging
9.7.2. Active Terahertz Imaging
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Terahertz Imaging Inspection Demand Share Forecast, 2019-2026
10. Latin America Terahertz Imaging Inspection Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Terahertz Imaging Inspection Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Terahertz Imaging Inspection Market Size and Volume Forecast by Application
10.4.1. Transportation & Public Security
10.4.2. Industrial
10.4.3. Pharmaceutical & BioMedical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Terahertz Imaging Inspection Market Size and Volume Forecast by Type
10.7.1. Passive Terahertz Imaging
10.7.2. Active Terahertz Imaging
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Terahertz Imaging Inspection Demand Share Forecast, 2019-2026
11. Europe Terahertz Imaging Inspection Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Terahertz Imaging Inspection Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Terahertz Imaging Inspection Market Size and Volume Forecast by Application
11.4.1. Transportation & Public Security
11.4.2. Industrial
11.4.3. Pharmaceutical & BioMedical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Terahertz Imaging Inspection Market Size and Volume Forecast by Type
11.7.1. Passive Terahertz Imaging
11.7.2. Active Terahertz Imaging
11.8. Basis Poin Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Terahertz Imaging Inspection Demand Share, 2019-2026
12. Asia Pacific Terahertz Imaging Inspection Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Terahertz Imaging Inspection Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Terahertz Imaging Inspection Market Size and Volume Forecast by Application
12.4.1. Transportation & Public Security
12.4.2. Industrial
12.4.3. Pharmaceutical & BioMedical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Terahertz Imaging Inspection Market Size and Volume Forecast by Type
12.7.1. Passive Terahertz Imaging
12.7.2. Active Terahertz Imaging
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Terahertz Imaging Inspection Demand Share, 2019-2026
13. Middle East & Africa Terahertz Imaging Inspection Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Terahertz Imaging Inspection Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Terahertz Imaging Inspection Market Size and Volume Forecast by Application
13.4.1. Transportation & Public Security
13.4.2. Industrial
13.4.3. Pharmaceutical & BioMedical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Terahertz Imaging Inspection Market Size and Volume Forecast by Type
13.7.1. Passive Terahertz Imaging
13.7.2. Active Terahertz Imaging
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Terahertz Imaging Inspection Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Terahertz Imaging Inspection Market: Market Share Analysis
14.2. Terahertz Imaging Inspection Distributors and Customers
14.3. Terahertz Imaging Inspection Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Brainware Terahertz Information Technology Co., Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Advantest Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Luna Innovations Incorporated
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toptica Photonics AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Terasense Group Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TeraView
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daheng New Epoch Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Menlo Systems GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Insight Product Co.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asqella
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Traycer
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Microtech Instrument Inc
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
