Terahertz Imaging Market Size & Share - Industry Trends and Forecast 2017 - 2025

Research Report on "Terahertz Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025".

The objectives of this study are as follows:

To define, describe, and forecast the "Terahertz Imaging" 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 imaging is a scanning technique that uses terahertz frequency waves from 0.3 to 10 THz to penetrate through dense objects. Owing to its comparatively low photon energy, terahertz radiation does not cause any changes in the chemical structure unlike x-rays and UV radiation. Also, it does not harm the human body and the other objects it passes through, due to its non-ionizing and modest operating frequency range. Therefore, it is expected to be one of the significant nondestructive evaluation technique for quality control and material analysis in different industries including aerospace, pharmaceutical, security, and biomedical among others.

The key factor driving the growth of the terahertz imaging market include the increasing demand for security systems across the world. As terahertz imaging systems use terahertz electromagnetic waves that have low photon energy, they are environment-friendly and harmless when one is exposed to them. Governments are introducing stringent regulations for safe testing technologies in the commercial sector as well as for product quality enhancement in the industrial sector. This is further resulting in increased manufacturing of terahertz imaging systems and is largely driving the market.

The restraint affecting the terahertz imaging market include the large and heavy equipment size of terahertz imaging. Also, special operating conditions such as controlled humidity or temperature and the use of liquefied gases are required for the implementation of these systems. However, increasing research and development investment is expected to decrease the size and weight of the imaging equipment as well as make them less demanding for special operating conditions.

The opportunity anticipated to boost the terahertz imaging market include its increasing demand for art restoration. Terahertz beams can penetrate layers of paint to create specific effects in arts and also plumb through layers of the artwork despite wear and tear over the years. Also, owing to advanced processing in terahertz imaging, it can differentiate between several layers that are around 20 microns thick. It is also used in the detection of structural defects in composite and ceramic materials as well as in the imaging of manuscripts and paintings. Apart from this, terahertz imaging systems are progressively used for the diagnosis of blood and skin cancer across the world. These diseases are detected through the analysis of change in THz optical constants and the corresponding change in cell structure. The fact that THz waves do not damage the material makes it a useful tool in the biomedical field.

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The terahertz imaging market can be classified on the basis of type, type of source, end-use industry, component, and geography. On the basis of type, the terahertz imaging market can be divided into active imaging and passive imaging. On the basis of component, the terahertz imaging market can be segmented into terahertz source and terahertz detector. On the basis of type of source, the terahertz imaging market can be segmented into continuous-wave THz imaging system and pulsed THz imaging system. On the basis of end-use industry, the terahertz imaging market can be segmented into healthcare, pharmaceuticals, retail, defense, food and beverage, research, industrial, government, and others. On the basis of geography, the terahertz imaging market can be segmented into North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and South America. Amongst all, Asia Pacific is anticipated to be the most lucrative market due to the increasing R&D investments for the implementation of terahertz imaging systems, mainly in Japan and China among others.

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

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.

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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