Middle East and Africa Terahertz Body Scanning Market is expected to reach US$ 12.49 Mn in 2027

Published Date: 15 Sep 2020

Report : Middle East and Africa 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)

Standalone Segment to Dominate Middle East & Africa Terahertz Body Scanning Market during 2019–2027

 

According to The Insight Partners market research study on “Middle East & Africa Terahertz Body Scanning Market to 2027 – COVID-19 Impact and Analysis and Forecast by Technology Type, Scanner Type, and Application,” is expected to reach US$ 12.49 million by 2027 from US$ 2.31 million in 2019. The market is estimated to grow at a CAGR of 24.1% from 2020 to 2027. The report provides trends prevailing in the Middle East & Africa terahertz body scanning market along with the drivers and restraints pertaining to the market growth. Proliferation in the implementation of terahertz body scanning at public places, airport checkpoints, train stations, and subways, coupled with the need for a robust security system are the major factor driving the growth of the Middle East & Africa terahertz body scanning market. However, Lack of professional expertise, and health and privacy concerns hinder the growth of Middle East & Africa terahertz body scanning market.

 

The Middle East & Africa terahertz body scanning market is segmented into technology type, scanner type, application, and country. Based on technology type, the market is segmented into standalone and integrated. In 2019, the standalone segment held the largest share Middle East & Africa terahertz body scanning market. Based on scanner type the Middle East & Africa terahertz body scanning market is divided into fixed and portable. Portable is expected to the fastest growing segment over the forecast period. Similarly, based on application, the market is bifurcated into public places, airports and custom checkpoints, trains station and subways and other applications. The airport and custom checkpoints segment contributed a substantial share in 2019.

 

The pandemic due to COVID-19 has negatively affected the already beaky economic conditions in Middle East & Africa due to the falling of oil prices. By far, Iran is the worst-hit country by the virus followed by Saudi Arabia, UAE, Egypt, Morocco, and Kuwait. The Middle East & Africa region comprises of many growing economies such as UAE among others, which are prospective markets for terahertz body scanning providers, owing to the huge scope in custom, public spaces, retail, etc. The demand for terahertz body scanning is positive, however, due to coronavirus outbreak the companies are experiencing interruption in production. In order to control the spread of virus the governments across Middle East & Africa are imposing travel bans, factory and business shutdowns and lockdowns which will ultimately hamper the anticipated revenue generation and growth opportunities. The estimated decline in Middle East & Africa economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the demand of terahertz body scanning in 2020 and 2021.

 

Thruvision Group plc, Terasense Group Inc., Shanghai Eastimage Equipment Co., Ltd., Nuctech Company Limited, unival group GmbH, and Rohde & Schwarz GmbH & Co. KG are among the leading companies in the Middle East & Africa terahertz body scanning market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Leidos completed the acquisition of L3Harris Technologies’ (“L3Harris”) Security Detection and Automation businesses.

 

Middle East & Africa Terahertz Body Scanning Market, By Country, 2019 and 2027 (%)

Middle East & Africa Terahertz Body Scanning Market, By Country, 2019 and 2027 (%)

 

The report segments the Middle East & Africa Terahertz Body Scanning Market as follows:

 

Middle East & Africa Terahertz Body Scanning Market – By Technology Type

  • Standalone
  • Integrated

Middle East & Africa Terahertz Body Scanning Market – By Scanner Type

  • Fixed
  • Portable

Middle East & Africa Terahertz Body Scanning Market – By Application

  • Public Places
  • Airports and Customs Checkpoints
  • Train Stations and Subways
  • Other Applications

Middle East & Africa Terahertz Body Scanning Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
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