Global Market Study on Air Cargo Security & Screening Systems: Explosive Detection Application Segment Projected to be the Most Attractive Segment Throughout the Forecast Period


Air Cargo Security Screening Systems Market
  • Published On : Jan-2017 |
  • Pages : 198 Pages |
  • Format :

Persistence Market Research analyzes the global air cargo security and screening systems market in a new publication titled “Air Cargo Security and Screening Systems Market: Global Industry Analysis and Forecast, 2016–2024”. This study provides data for 2015 along with a forecast for the period 2016–2024. The main objective of the report is to identify the factors influencing the market and provide recent updates and insights into various segments of the global air cargo security and screening systems market. To provide better understanding of the market, the report also includes an analysis of drivers, restraints, and trends in all five regions namely, Asia Pacific, North America, Europe, Latin America and the Middle East & Africa, which influence the current market scenario and future status of the global air cargo security and screening systems market over the forecast period.    

Report Description

This research report provides a detailed analysis of the global air cargo security and screening systems market and offers insights on the various factors driving the popularity of air cargo security and screening systems. The report includes an extensive analysis of key industry drivers, restraints, market trends and market structure. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on the size of screening systems, technology and applications across different regions globally.

The report starts with an overview of the global air cargo security and screening systems market in terms of value. In addition, this section includes an analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the air cargo security and screening systems market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.

Key Segments

  • By Size of screening systems
    • For small cargo
    • For break and pallet cargo
    • For oversized cargo
  • By Technology
    • Narcotics trace detectors
    • Non-computed tomography
    • Explosive detection systems
  • By Applications
    • Narcotics detection
    • Explosive detection
    • Metal & contra band detection

Key Regions

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

A detailed analysis has been provided for every segment in terms of market size analysis for air cargo security and screening systems across the assessed regions. The section provides a detailed analysis covering key trends, absolute dollar opportunity and BPS Analysis. The next section provides a detailed analysis of the air cargo security and screening systems market across various countries. It provides a market outlook for 2016–2024 and sets the forecast within the context of the air cargo security and screening systems market, including latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to the growth of the market, and also analyzes the degree to which drivers are influencing this market in each region.

The final section of the report includes a competitive landscape to provide clients with a dashboard view, based on categories of providers in the value chain, presence in the air cargo security and screening systems portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the air cargo security and screening systems supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the air cargo security and screening systems market.

Research Methodology

In order to offer an accurate forecast, the report starts by sizing the current market, which forms the basis of how the air cargo security and screening systems market will grow in future. In addition, the report not only provides forecasts in terms of CAGR, but also analyzes the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global air cargo security and screening systems market.

As previously highlighted, the global air cargo security and screening systems market is split into a number of segments. All segments in terms of size of screening systems, technology and applications, and based on different regions are analyzed in terms of basis point share to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends impacting the global air cargo security and screening systems market. Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity, which is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global air cargo security and screening systems market.

Introduction of key ratios in the detailed profiles of leading market players provides a comprehensive view of the financial health of these companies

A new feature named key ratios has been included in the detailed profiles of key market players to present a detailed view of the financial health of the companies operating in the global air cargo security and screening systems market. The key ratios covered are:

  • Inventory turnover %
  • Tax rate %
  • Net Margin %
  • Return on invested capital %
  • Current ratio
  • Debt-to-equity ratio
  • Solvency ratio %

Vendors of screening systems are offering advanced technology with innovative designs, which is a factor expected to fuel demand for air cargo screening systems globally

The global air cargo security and screening systems market was valued at more than US$ 900 Mn in 2015 and is expected to reach more than US$ 1,600 Mn by 2024 end. In terms of value, the global air cargo security and screening systems market is expected to exhibit a CAGR of 6.1% over the forecast period. The global air cargo security and screening systems market is expected to create incremental opportunity of nearly US$ 700 Mn between 2015 and 2024.

Global Air Cargo Security and Screening Systems Market Forecast, By Application

Narcotics detection technology segment is expected to witness significant growth in terms of revenue during the assessment period

Revenue generated from the narcotics detection application segment is expected to exhibit a CAGR of 5.0% over the forecast period. The narcotics detection application segment is expected to create incremental opportunity of nearly US$ 140 Mn between 2015 and 2024.

Increasing threat of terror-related activates has urged airport authorities to adopt explosive detection technology and this is expected to drive growth of the explosive detection application segment over the assessment period

The explosive detection segment of the global air cargo security and screening systems market was valued at more than US$ 350 Mn in 2015 and is expected to reach nearly US$ 700 Mn by 2024 end. Revenue generated from the explosive detection application segment is expected to register a CAGR of 6.2% over the forecast period. The explosive detection application segment is expected to create incremental opportunity of nearly US$ 300 Mn between 2015 and 2024.

Metal and other contra band detection segment is expected to witness relatively high CAGR over the assessment period

The metal and contra band detection segment of the global air cargo security and screening systems market was valued at more than US$ 300 Mn in 2015 and is expected to reach nearly US$ 600 Mn by 2024 end. Revenue generated from the metal and contra band detection application segment is expected to exhibit a CAGR of 6.7% over the forecast period. The metal and contra band detection application segment is expected to create incremental opportunity of nearly US$ 300 Mn between 2015 and 2024.

air cargo security and screening systems market

Market Attractiveness Index

In terms of revenue, the explosive detection segment is projected to be the most attractive segment in the global air cargo security and screening systems market during the forecast period. However, the metal and contra band detection segment is expected to register high Y-o-Y growth rates throughout the period of forecast. In terms of value, this segment is expected to expand at a CAGR of 6.7% during the forecast period. The explosive detection segment was estimated to be valued at more than US$ 350 Mn by 2016 end and is expected to remain dominant in terms of revenue throughout the assessment period.

Trends by Application

Increasing Usage of Security Systems for Explosive and Narcotic Trace Detection

Currently, air cargo security and screening systems are primarily used for detecting explosives and narcotics. Airport authorities worldwide have implemented advanced security systems to detect explosives in cargo and to trace narcotics in large and small pallets of cargo. In the recent past, rising risk of attacks through explosives has led to increasing adoption of technologies such as X-rays by airport authorities to reduce chances of such attacks. Moreover, rising usage of air cargo facilities for transportation of goods in shorter time spans is leading to increasing usage of such technologies for screening cargo at airports. Thus, adoption of bomb-detecting technologies along with screening devices has increased considerably across the globe in the recent past. In Europe for instance, European legislature has enforced 100% cargo screening on all passenger flights from Europe.

Company Profiles

  • L-3 Communications Security & detection system
  •  Nuctech Company
  • Gilardoni S.P.A.
  • Costruzioni Elettroniche Industriali Automatismi S.p.A.
  • Smiths Detection
  • Rapiscan System
  • Implant Sciences Corporation
  • Safran Identity and Security SAS
  • American Science and Engineering, Inc.
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