The new report by Expert Market Research titled, ‘Global Air Cargo Security Screening Market Price, Report and Forecast 2022-2027’, gives an in-depth analysis of the global air cargo security screening market, assessing the market based on its segments like cargo types, systems, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 1 Billion
- Forecast CAGR (2022-2027): 5.20%
- Forecast Market Size (2027): USD 1.3 Billion
The pandemic has led to the expansion of the industry owing to the exchange of vaccines and medicines. The International Air Transport Association reports that the air cargo demand increased by 9.1% in September 2021. The air cargo security screening industry is being driven by the increasing transportation of cargo due to the increasing cultural exchanges across borders. In addition, the rising incidences of terrorism and other illegal activities is further leading to the development of the industry. The increased efficiency of these security systems and the larger workforce skilled in these systems are leading to their expanding adoption by governments across the globe. All these factors are likely to provide impetus to the market.
Industry Definition and Major Segments
Air cargo security screening includes several systems deployed at several checkpoints throughout airports to identify or detect weapons or explosives hidden in the cargo. The most common air cargo screening processes include x-ray systems, explosives detection systems, TSA-certified explosives detection canine teams, and physical searches.
The air cargo security screening industry, by cargo type, is divided into:
- Heavy Cargo
- Dangerous Goods
- Live Animals
- Human Remains
Based on system, the market is segregated into:
- Explosive Detection System (EDS)
- Explosive Trace Detection (ETD)
The regional markets of air cargo security screening include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The stringent government regulations worldwide to curb illegal activities, like narcotism and terrorism, is contributing to the steady growth of the air cargo security screening industry. Moreover, the governments’ increasing inclination towards generating income through the facilitation of air cargo is further invigorating the market growth. The high-quality technologies offered by companies is also bolstering the market. For instance: Smiths Detection Group Ltd. offers deep X-ray penetration, which provides excellent penetration, superior image quality, reduces dark alarms, and increases the efficiency of security checks. Further, the technological advancements in the screening systems and investments in research and development activities by the leading industry players are also expected to augment the air cargo security screening industry in the forecast period.
Key Market Players
The major players in the market are Rapiscan Systems, Astrophysics Inc., Autoclear, LLC, Leidos, Inc., Smiths Detection Group Ltd., and Gilardoni S.p.A., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.