Europe Terahertz Body Scanning Market to Reach US$ 71.69 Million at a CAGR of 26.4% by 2027 | The Insight Partners


PRESS RELEASE BY The Insight Partners 20 Aug 2020

Share this press on


Increasing capabilities of terahertz body security scanners to fuel the market during 2020–2027

 

According to The Insight Partners market research study on “Europe Terahertz Body Scanning Market to 2027 – Regional Analysis and Forecast by Technology Type, Scanner Type, and Application” the terahertz body scanning market in Europe was valued at US$ 11.49 million in 2019 and is projected to reach US$ 71.69 million by 2027; it is expected to grow at a CAGR of 26.4% from 2020 to 2027.  The report provides trends prevailing in the Europe terahertz body scanning market along with the drivers and restraints pertaining to the market growth.

 

The International Air Transport Association (IATA) predicts a two-fold increase in the number of passengers worldwide, reaching more than 8 billion by 2037. 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. Hence, AI and machine learning can provide growth opportunities to terahertz body scanners. As detecting and locating objects hidden underneath apparels is a challenging task, passive terahertz body scanning may be employed in this application. AI algorithm and machine learning help automatically mark concealed threats on the terahertz body scanner. Meanwhile, it could trigger an audio or visual alarm to alert operators to perform a targeted search. 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. Sequestim was responsible for capturing images, and Aurora built (trained) an AI (set of neural networks) to detect objects concealed under people’s clothing.

 

Thruvision Group plc, Terasense Group Inc., Shanghai Eastimage Equipment Co., Ltd., Nuctech Company Limited, MC2 Technologies, Asqella Oy, unival group GmbH, INO, Leidos, and Rohde & Schwarz GmbH & Co. KG are among the key players that are profiled during this market study. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

 

Europe Terahertz Body Scanning Market, By Country, 2019 and 2027 (%)

Europe Terahertz Body Scanning Market, By Country, 2019 and 2027 (%)

Europe Terahertz Body Scanning Market to Grow at a CAGR of 26.4% to reach US$ 71.69 Million from 2020 to 2027

Download Free Sample

Europe Terahertz Body Scanning Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology Type (Standalone and Integrated), Scanner Type (Fixed and Portable), and Application (Public Places, Airport and Custom Checkpoints, Train Stations and Subways, and Others) and Country


 

The report segments the Europe terahertz body scanning market as follows:

 

Europe Terahertz Body Scanning Market – By Technology Type

  • Standalone
  • Integrated

Europe Terahertz Body Scanning Market – By Scanner Type

  • Fixed
  • Portable

Europe Terahertz Body Scanning Market – By Application

  • Public Places
  • Airport and Custom Checkpoints
  • Train Stations and Subways
  • Others

Europe Terahertz Body Scanning Market – By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com    
Download Free PDF Brochure