The terahertz body scanning market in APAC was valued at US$ 14.11 million in 2019 and is projected to reach US$ 98.25 million by 2027; it is expected to grow at a CAGR of 28.1% from 2020 to 2027.
The COVID-19 outbreak is anticipated to affect the growth rate of APAC terahertz body scanning market in the year 2020 and 2021 and thus there is fluctuating y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace. In the developing economies of APAC, the commercialization of terahertz body scanning applications is in its introductory stages. Countries such as China and Japan are, however, increasingly taking initiatives to encourage the adoption of terahertz body scanning, such as substantial R&D investment, expected to boost demand for terahertz-based products in the region shortly. Increased product launches are one of the major drivers for the growth of terahertz body scanning in Asia-Pacific. For instance, on April 19, 2020, Nuctech launched a Terahertz Infrared Human Body Security Inspection Detector to be deployed at transport hubs to combat Covid-19. The terahertz body scanning technology can scan the human body for any contraband and mark those with fever. The detector allows the passenger to be scanned while walking, eliminating the need for close contact with the security personnel and handheld scanners. The technology can be used in applications such as security screening, inspections, and medical, pharmaceutical, and communication.
APAC terahertz body scanning market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report segments the APAC terahertz body scanning market as follows:
APAC Terahertz Body Scanning Market – By Technology Type
- Standalone
- Integrated
APAC Terahertz Body Scanning Market – By Scanner Type
- Fixed
- Portable
APAC Terahertz Body Scanning Market – By Application
- Public Places
- Airport and Custom Checkpoints
- Train Stations and Subways
- Others
APAC Terahertz Body Scanning Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Terahertz Body Scanning Market -Companies Mentioned
- Thruvision Group plc
- Terasense Group Inc.
- Shanghai Eastimage Equipment Co., Ltd.
- Nuctech Company Limited
- MC2 Technologies
- INO
- Leidos
- Rohde & Schwarz GmbH & Co. KG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology Type, Scanner Type, and Application and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Terahertz Body Scanning Market – By Technology Type
1.3.2 APAC Terahertz Body Scanning Market – By Scanner Type
1.3.3 APAC Terahertz Body Scanning Market – By Application
1.3.4 APAC Terahertz Body Scanning Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Terahertz Body Scanning Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
5. Terahertz Body Scanning Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Efficient Terahertz Body Scanning in Various Applications
5.1.2 Safety Concerns due to Increased Terrorist Attacks
5.1.3 Covert and Overt Surveillance Demand
5.2 Market Restraints
5.2.1 Lack of Technical Expertise and Unavailability of Skilled Professionals
5.3 Market Opportunities
5.3.1 Increased Capability of Terahertz Body Security Scanners with AI
5.4 Future Trends
5.4.1 Terahertz Body Scanners with Advanced Software
5.5 Impact Analysis of Drivers and Restraints
6. Terahertz Body Scanning Market – APAC Analysis
6.1 Terahertz Body Scanning Market APAC Overview
6.1.1 APAC: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
7. Terahertz Body Scanning Market Analysis – By Technology Type
7.1 Overview
7.1.1 APAC: Terahertz Body Scanning Market, by Technology Type
7.2 Standalone
7.2.1 Overview
7.2.2 Standalone: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
7.3 Integrated
7.3.1 Overview
7.3.2 Integrated: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
8. Terahertz Body Scanning Market Analysis – By Scanner Type
8.1 Overview
8.1.1 APAC: Terahertz Body Scanning Market, by Scanner Type
8.2 Fixed
8.2.1 Overview
8.2.2 Fixed: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
8.3 Portable
8.3.1 Overview
8.3.2 Portable: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
9. Terahertz Body Scanning Market Analysis – By Application
9.1 Overview
9.1.1 APAC: Terahertz Body Scanning Market, by Application
9.2 Public Places
9.2.1 Overview
9.2.2 Public Places: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
9.3 Airport and Custom Checkpoints
9.3.1 Overview
9.3.2 Airport and Custom Checkpoints: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Train Stations and Subways
9.4.1 Overview
9.4.2 Train Stations and Subways: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Other Applications
9.5.1 Overview
9.5.2 Other Applications: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10. Terahertz Body Scanning Market – Geographic Analysis
10.1 APAC: Terahertz Body Scanning Market
10.1.1 APAC: Terahertz Body Scanning Market, by Key Country
10.1.1.1 Australia: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Terahertz Body Scanning Market, by Technology Type
10.1.1.1.2 Australia: Terahertz Body Scanning Market, by Scanner Type
10.1.1.1.3 Australia: Terahertz Body Scanning Market, by Application
10.1.1.2 China: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 China: Terahertz Body Scanning Market, by Technology Type
10.1.1.2.2 China: Terahertz Body Scanning Market, by Scanner Type
10.1.1.2.3 China: Terahertz Body Scanning Market, by Application
10.1.1.3 India: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Terahertz Body Scanning Market, by Technology Type
10.1.1.3.2 India: Terahertz Body Scanning Market, by Scanner Type
10.1.1.3.3 India: Terahertz Body Scanning Market, by Application
10.1.1.4 Japan: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Japan: Terahertz Body Scanning Market, by Technology Type
10.1.1.4.2 Japan: Terahertz Body Scanning Market, by Scanner Type
10.1.1.4.3 Japan: Terahertz Body Scanning Market, by Application
10.1.1.5 South Korea: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Terahertz Body Scanning Market, by Technology Type
10.1.1.5.2 South Korea: Terahertz Body Scanning Market, by Scanner Type
10.1.1.5.3 South Korea: Terahertz Body Scanning Market, by Application
10.1.1.6 Rest of APAC: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Terahertz Body Scanning Market, by Technology Type
10.1.1.6.2 est of APAC: Terahertz Body Scanning Market, by Scanner Type
10.1.1.6.3 Rest of APAC: Terahertz Body Scanning Market, by Application
11. Terahertz Body Scanning Market- COVID-19 Impact Analysis
11.1 Asia-Pacific
12. Industry Landscape
12.1 Overview
13. Company Profiles
13.1 Thruvision Group plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Terasense Group Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Shanghai Eastimage Equipment Co. Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nuctech Company Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MC2 Technologies
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 INO
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Leidos Holdings, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rohde & Schwarz GmbH & Co.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: Terahertz Body Scanning Market, by Technology Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: Terahertz Body Scanning Market, by Scanner Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Australia: Terahertz Body Scanning Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. China: Terahertz Body Scanning Market, by Technology Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. China: Terahertz Body Scanning Market, by Scanner Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. China: Terahertz Body Scanning Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Terahertz Body Scanning Market, by Technology Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Terahertz Body Scanning Market, by Scanner Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Terahertz Body Scanning Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan: Terahertz Body Scanning Market, by Technology Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Japan: Terahertz Body Scanning Market, by Scanner Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Japan: Terahertz Body Scanning Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Terahertz Body Scanning Market, by Technology Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea: Terahertz Body Scanning Market, by Scanner Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. South Korea: Terahertz Body Scanning Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC: Terahertz Body Scanning Market, by Technology Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC: Terahertz Body Scanning Market, by Scanner Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC: Terahertz Body Scanning Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 20. Glossary of Term: Terahertz Body Scanning Market
LIST OF FIGURES
Figure 1. Terahertz Body Scanning Market Segmentation
Figure 2. Terahertz Body Scanning Market Segmentation – By Country
Figure 3. APAC Terahertz Body Scanning Market Overview
Figure 4. Standalone Segment Dominated the Market based on Technology Type
Figure 5. Fixed Segment Dominated the Market based on Scanner Type
Figure 6. Airport and Custom Checkpoints Application Segment Held the Largest Share
Figure 7. Asia-Pacific- PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Terahertz Body Scanning Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. APAC: Terahertz Body Scanning Market Revenue Share, by Technology Type (2019 and 2027)
Figure 12. Standalone: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Integrated: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. APAC: Terahertz Body Scanning Market Revenue Share, by Scanner Type (2019 and 2027)
Figure 15. Fixed: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Portable: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. APAC: Terahertz Body Scanning Market Revenue Share, by Application (2018 and 2027)
Figure 18. Public Places: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Airport and Custom Checkpoints: Terahertz Body Scanning Market – Revenue and Forecast to 2027(US$ Million)
Figure 20. Train Stations and Subways: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Other Applications: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. APAC: Terahertz Body Scanning Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. Australia: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. China: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. India: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Japan: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Terahertz Body Scanning Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Thruvision Group plc
- Terasense Group Inc.
- Shanghai Eastimage Equipment Co., Ltd.
- Nuctech Company Limited
- MC2 Technologies
- INO
- Leidos
- Rohde & Schwarz GmbH & Co. KG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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