Global Market Study on Air Cargo Security Screening Systems: Increasing Usage of Security Systems for Explosive and Narcotic Detection Aiding Market Growth


Air Cargo Security Screening Systems  Market
  • Published On : Aug-2020 |
  • Pages : 300 Pages |
  • Format : Air Cargo Security Screening Systems  Market Air Cargo Security Screening Systems  Market Air Cargo Security Screening Systems  Market Air Cargo Security Screening Systems  Market

Vendors of screening systems are offering advanced technology with innovative designs, which is the main factor expected to fuel the demand for air cargo security screening systems, globally. Increasing threat of terror-related activities has urged airport authorities across the world to adopt explosive detection technology, and this is expected to drive the growth of explosive detection applications over the assessment period of 2020 to 2030. The global air cargo security screening systems market is projected to be valued at over US$ 1.4 Bn by the end of 2030.

Air Cargo Security Screening Systems Market Trends

Currently, air cargo security screening systems are primarily used for detecting explosives and narcotics. Airport authorities around the world 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.

Several governments and airport authorities are collectively taking efforts to develop separate, dedicated air cargo terminals for enhanced security, which will create lucrative opportunities for companies in the air cargo security screening systems market in near future. In addition, strategic supply chain partnerships and IATA-collaborations will potentially help companies grow sustainably. Moreover, elevated investments by aviation authorities to install advanced security screening systems are likely to play a pivotal role in the growth of top companies operating in the air cargo security screening systems market space.

Persistence Market Research identifies that partnerships between custom authorities and trading communities of different countries, in a bid to manage aviation security risks, will significantly contribute to the growth of key global as well as domestic players in the air cargo security screening systems market space.

Regional Outlook of Air Cargo Security Screening Systems

North America holds the largest air cargo security screening systems market share by far, followed by the Asia Pacific and Europe markets. However, over the course of the forecast period, the Middle East & Africa and Latin America markets, which are small right now, will expand at higher CAGRs than the rest. Nevertheless, North America, Asia, and Europe will still offer the most opportunities to market stakeholders through 2030.

COVID-19 Impact on Air Cargo Security Screening Systems

Due to the COVID-19 pandemic, social distancing initiatives and bans on travel have resulted in declining growth rates in transportation infrastructure and commercial security. With nationwide lockdowns in effect, citizens across the world are avoiding long distance travel and staying indoors as much as possible. This factor is restricting the adoption of air cargo security screening systems across the world, thereby hampering market growth, at least for the short term.

Analysts’ Viewpoint

The global air cargo security screening systems market will experience sluggish growth over the forecast period of 2020 to 2030, to be valued just over US$ 1.4 Bn by the end of the said period. Market players can look to Asia, North America, and Europe for increasing their market shares and profits. Demand for explosive and narcotics detection systems will be high over the coming years.

Air Cargo Security Screening Systems Market - Scope of the Report

Persistence Market Research (PMR) recently published a new research analysis on the air cargo security screening systems market for the assessment period of 2020-2030. The research study on the air cargo security screening systems market offers a close look at the evolving aspects of the market, as well as the dynamics impacting market growth. The research study focuses on key developments that have made their mark in the air cargo security screening systems market, and other developments that are on the cards. The report talks about various macro- and micro-economic factors responsible for having an in-depth impact on the growth of the air cargo security screening systems market.

A direct market overview provides the growth scenario and market potential with maximum precision, which is adjudged with suitable assumptions. The report features unique and relevant factors that are likely to have a significant impact on the air cargo security screening systems market during the forecast period. This report also includes a COVID-19 pandemic impact analysis on the air cargo security screening systems market. This report includes a detailed and considerable amount of information, which will help new providers in the most comprehensive manner for better understanding.

Several stakeholders in the air cargo security screening systems market can rely on the data offered in this research study and delve into pragmatic decision-making. Moreover, information offered in the air cargo security screening systems market report also helps new market entrants expand their bases in the market.

The report elaborates the historical and current trends molding the growth of the air cargo security screening systems market. The performance journey of the air cargo security screening systems market has been drawn and analyzed in a way that the lucrative side of the market is evident to readers. The competitive landscape presented in the air cargo security screening systems market report gives a detailed outlook of the profiles of key companies operating in the market, along with their differential strategies and key focus areas.

Air Cargo Security Screening Systems Market: Segmentation

PMR’s research study on the global air cargo security screening systems market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the air cargo security screening systems market has been offered on the basis of size of screening system, technology, application, and region. Every segment has been analyzed in detail and data pertaining to the growth of each segment has been included in the study.

Size

Technology

Application

Region

  • Screening Systems for Small Parcels
  • Narcotics Trace Detectors
  • Narcotics Detection
  • North America
  • Screening Systems for Break & Pallet Cargo
  • Non-computed Tomography
  • Metal & Contraband Detection
  • Latin America
  • Screening Systems for Oversized Cargo
  • Explosives Detection Systems
  • Explosives Detection
  • Europe
  • APAC

    

  • Middle East & Africa

Air Cargo Security Screening Systems Market: Key Questions Answered in Report

The research study on the air cargo security screening systems market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Insights offered in the air cargo security screening systems market report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.

  • How has the rapidly changing business environment turned into a major growth engine for the air cargo security screening systems market?
  • What are the underlying macroeconomic factors impacting the growth of the air cargo security screening systems market?
  • What are the key trends that are constantly shaping the growth of the air cargo security screening systems market?
  • Which are the prominent regions offering plentiful opportunities for the air cargo security screening systems market?
  • What are the key differential strategies adopted by key players to command a significant chunk of the global market share?
  • How is the COVID-19 pandemic impacting the global air cargo security screening systems market?

Air Cargo Security Screening Systems Market: Research Methodology

A unique and promising research methodology forms the base of the air cargo security screening systems market for the forecast period. The report has been prepared after a comprehensive analysis of market happenings, and riveting insights have been compiled meticulously. The research methodology of the air cargo security screening systems market has been a two-step process that comprises primary and secondary research. Key stakeholders, which include air cargo security screening system providers and distributors, have been interviewed, along with experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals.

Secondary sources referred to garner report findings include investor presentations of manufacturers, annual reports, World Bank, and many other credible sources.

Companies covered in Air Cargo Security Screening Systems Market Report

  • 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.

Air Cargo Security Screening Systems Market

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