Break and Pallet Cargo Segment to Dominate Europe Air Cargo Security and Screening Systems Market During 2021–2028
According to The Insight Partners market research study on “Europe Air Cargo Security and Screening Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Cargo Size, Technology, and Application” is expected to reach US$ 202.34 million by 2028 from US$ 151.18 million in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report provides trends prevailing in the Europe air cargo security and screening systems market along with the drivers and restraints pertaining to the market growth. Increasing safety concerns due to rising incidences of terrorism and booming e-commerce industry are the major factor driving the growth of the Europe air cargo security and screening systems market. However, scarcity of technical expertise and attack on airport IT infrastructure hinders the growth of Europe air cargo security and screening systems market.
Europe, especially France, has been highly affected by Covid-19. Due to the increasing number of recorded cases, some nations imposed stringent and extended lockdown and social isolation in 2020. With a negative economic growth rate in the first half of 2020, the European economy is projected to contract. Some countries, such as the UK, Italy, and Germany, are expected to witness more impact on their economy than other European countries. The imbalance in the demand and supply side of security screening solutions and the continuing lockdown in several European countries are likely to affect the Europe air cargo security and screening system market in the first half of 2020. However, the upliftment of lockdowns has led to the start of trade and travel; thereby, it is expected to influence the growth of the market with the adoption of new technologies to ensure the safety and security of its population
The Europe air cargo security and screening systems market is segmented based on cargo size, technology, application, and country. Based on cargo size, the market is segmented into small parcel, break and pallet cargo, and oversized cargo. The break and pallet cargo segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on technology, the market is segmented into X-ray systems, ETD, EDS, and others. The EDS segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into narcotics detection, explosive detection, metal and contraband detection, and others. The explosive detection segment dominated the market in 2020 and metal and contraband detection segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Astrophysics Inc.; Nuctech Company Limited; Rapiscan Systems, Inc.; Safran; Smiths Detection Group Ltd. (Smiths Group plc); and VOTI Detection Inc. are among the leading companies in the Europe air cargo security and screening systems 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 2021, Smiths Detection Group Ltd. (Smiths Group plc) has launched an enhanced cargo screening security scanner. Smiths Detection has announced an update within the Hi-Scan product range. The first update is the high-speed Hi-Scan 100100V-2is, launched for fast, reliable, and cost-effective air cargo screening. The new model enables increased and more efficient throughput for mail screening, express forwarders, and e-commerce and can also be used at mass transit checkpoints.
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