EDS Segment to Dominate North America Air Cargo Security and Screening Systems Market During 2021–2028
According to The Insight Partners market research study on “North America 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$ 265.57 million by 2028 from US$ 214.78 million in 2021. The market is estimated to grow at a CAGR of 3.1% from 2021 to 2028. The report provides trends prevailing in the North America air cargo security and screening systems market along with the drivers and restraints pertaining to the market growth. Booming E-commerce industry and increasing safety concerns due to rising incidences of terrorism are the major factor driving the growth of the North America air cargo security and screening systems market. However, scarcity of technical expertise and attack on airport IT infrastructure hinders the growth of North America air cargo security and screening systems market.
In case of COVID-19, North America is highly affected specially the US. North America is one of the most prominent regions with respect to the adoption of air cargo security and screening system. Demand for air cargo security and screening system is relatively high in countries such as the United States, Canada, and Mexico. But the COVID-19 pandemic negatively impacted the North America air cargo market growth in 2020. North America has the highest adoption of new technologies owing to favorable government policies to boost the innovation and strengthen the infrastructure capabilities. Therefore, any impact on industries is expected to affect the economic growth of the region. Due to the shutdown of businesses and delay in procurement activities in the last six months of 2020, the market is significantly impacted. Moreover, the falling GDP is another factor negatively impacting the growth of the security inspection market. The COVID-19 crisis has drastically impacted the operations across the value chain, from supplier networks to the customer delivery experience. Moreover, this has influenced the adoption of contactless air cargo security and screening system across the country to comply with both safety regulation and social distancing norms laid down by the respective government body.
The North America 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 others 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 same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the US, Canada, and Mexico.
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 North America 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) had launched a new HI-SCAN 145180-2is pro, designed to meet the demands of air cargo screening as e-commerce and fast freight continue to grow. This system offers excellent penetration and superior image quality by minimizing the need for time-consuming, costly re-scans and easy access for maintenance and service.
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