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Terahertz Scanner Market to Record Sturdy Growth by 2025

01-17-2018 09:47 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Terahertz Scanner Market to Record Sturdy Growth by 2025

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.

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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.

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.

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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.

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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.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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