North America Terahertz Body Scanning Market
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.
Strategic insights for the North America Terahertz Body Scanning provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 19.42 Million |
| Market Size by 2027 | US$ 128.75 Million |
| Global 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 geographic scope of the North America Terahertz Body Scanning refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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.
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
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.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Terahertz Body Scanning Market
