Terahertz Scanner Market: Industry Size, Share, Growth, Forecasts 2017 - 2025

MarketReserchReports.biz has recently announced the addition of a market study “Terahertz Scanner Market - Global Industry Analysis, Size, Growth, Trends and Forecast 2017 - 2025”.

The objectives of this study are as follows:

To define, describe, and forecast the "Terahertz Scanner" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Terahertz (THz) waves are a part of electromagnetic waves that fall under a frequency range of 0.3 and 3 THz. The terahertz scanner is a masked item detector that receives and analyses terahertz frequency emitted by the body to detect items such as powder, liquid, weapons, and other concealed items. In terahertz scanning, the scanning element directs the radiation on a sensor and a consolidated image is generated after an imaging processor communicates with the sensor. The scanning technology can be used as a standalone security system or integrated into wider security architectures. These scanners capture images rapidly and safely owing to the non-invasive screening process they use. Multiple scanning is also possible as the scanners can be utilized for a distance of up to 10 meters, thus ensuring maximum security with no gender specific screenings.

A major factor driving the terahertz scanner market is the rise in demand for accurate security systems for the filtration of drugs, weapons, explosives, and other similar threats in defense, medicine, and airport security applications, globally. This scanner is safer than other concealed item detectors, as it can detect natural radiation without emissions. Moreover, the terahertz scanner can also blur out intimate areas of the body in order to maintain privacy of the public and thus, eliminating any government obligations for the product.

Sluggish adoption of terahertz scanner in applications other than security and its high cost are key restraints of the terahertz scanner market. However, demand for terahertz scanners in pharmaceutical and industrial end-user applications is likely to rise due to the increase in developments and commercialization of these scanners in the forthcoming time.

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Demand for portable terahertz scanner is likely to increase, which in turn is anticipated to boost the terahertz scanner market. A fixed terahertz detector can detect hidden items; however, its inflexible and bulky nature limits its applications to security purposes. However, hand-held, portable terahertz detectors can easily wrap around objects and can thus be utilized in high-speed and multi-view inspections of industrial products, plastic bottles, pharmaceutical products, etc. Moreover, the commercialization of wearable terahertz scanner is expected to propel the market. Wearable scanners are anticipated to be utilized in future medical applications such as inspection of sweat glands, cancer cells, etc., thus enhancing the real-time monitoring of health conditions. Wearable scanners are currently in the pre-development stage; however, the increase in investment for research and development on wearable terahertz scanners is anticipated to drive the market in the near future.

The terahertz scanner market can be segmented based on type, technology, component, end-use industry, and geography. In terms of type, the terahertz scanner market can be segmented into fixed and portable. In terms of technology, the terahertz scanner market can be segregated into standalone and integrated. In terms of end-use industry, the terahertz scanner market can be classified into logistics and transportation, healthcare, pharmaceuticals, defense, government, retail, research, industrial, and others. In terms of component, the terahertz scanner market can be segmented into terahertz source and terahertz detector. In terms of geography, the terahertz scanner market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. Asia Pacific is expected to be a highly attractive market owing to the increase in investments in research and development for the adoption of terahertz imaging systems, especially in countries such as China, Japan, and India among others.

Prominent players operating in the terahertz scanner market include TeraView Limited, TeraSense, Inc., Microtech Instruments, Inc. , Asqella Oy, Traycer Systems, Inc., Ara Scientific ApS, Zurich Instruments AG, Advantest Corporation, Menlo Systems Gmbh, and Microtech Instrument Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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