Publication Month: Nov 2021 | Report Code: TIPRE00016484 | No. of Pages: 171 | Category: Electronics and Semiconductor | Status: Published
The elevating number of airports is contributing to the proliferation of air cargo business, which further highlights the need for the deployment of security and screening systems at airports to detect narcotics, explosive objects, and metal and contraband. In August 2020, Singapore Changi Airport extended its partnership with Smiths Detection to supply advanced explosives detection systems. As a part of the Terminal 2 Parcel Handling System redevelopment activity, the airport. Also, the demand for these transportation services is increasing with the continuous entry of new pharmaceutical and biotechnology products in the healthcare market. Therefore, airlines using advanced cold chain solutions will be well-positioned to take full advantage of this growing demand. However, with growing air cargo transportation, the risk of unauthorized trade of hidden explosive objects and narcotics has also increased, which is propelling the need for systematic screening systems at airports. Amid the ongoing COVID-19 pandemic, the demand for automatic advanced air cargo security and screening systems market is also on rise.
|Market Size Value in||US$ 764.3 million in 2021|
|Market Size Value by||US$ 1,064.4 million by 2028|
|Growth rate||CAGR of 4.8% from 2021 to 2028|
|No. of Pages||171|
|No. of Tables||94|
|No. of Charts & Figures||79|
|Historical data available||Yes|
|Segments covered||Cargo Size, Technology, and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. The exponential rise in the patient count compelled government authorities to limit the movement of humans, goods, and commodities by enacting travel restrictions, mass lockdowns, and business shutdowns. Lockdown measures resulted in lesser production of commodities and goods and lowered the frequency of service offerings. However, the demand for air cargo remained unaffected during this global crisis, and the operating conditions continued to provide favorable conditions for air cargo operations. Air cargo and freighter operators have reported brisk business owing to the surge in demand for the transportation of COVID-19-related essentials by air. SpiceExpress, an air cargo subsidiary of SpiceJet, has reported an unaltered performance as its fleet is increasingly being deployed to transport essential items and medical goods during the pandemic. The cargo delivered to various parts of the world includes COVID-19 related medical equipment, reagents, enzymes, masks, testing kits and PPE, and gloves.
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Online retailing attracts more prospective customers than their brick-and-mortar-based counterparts due to the broad scale of internet penetration in developed and developing countries. In addition, the e-commerce market players opt for various logistics options such as surface transport and air transport to deliver packages to their customers. Therefore, various countries have observed variations in buying patterns and trends with the evolution of the e-commerce market. The majority of purchases are influenced by demographics of a country, such as the percentage of youth population indulging in e-commerce activity, economy of a country, age group interested in the use of e-commerce, and level of awareness across the country. The fast-growing international e-commerce market remains a key contributor to the rising domestic air shipment volumes generated by large and small e-retailers. Air cargo is essential for the e-commerce ecosystem to manage the transportation of goods, especially in India and Southeast Asian countries. Air cargo service providers benefit e-commerce business through their upgraded technologies, efficiency and specialization, and flexibility and scalability.
Based on technology, the air cargo security and screening systems market is segmented into X-ray systems, ETD, EDS, and others. The EDS segment is expected to hold the largest market share in 2021.
Players operating in the air cargo security and screening systems market are mainly focused on the development of advanced and efficient products.