Air Cargo Security and Screening Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Cargo Size (Small Parcel, Break and Pallet Cargo, and Oversized Cargo), Technology [X-ray systems, ETD (explosives trace detection), EDS (explosive detection system), and Others], and Application (Narcotics detection, Explosive detection, Metal and contraband detection, and Others)
Publication Month: Nov 2021 |
Report Code: TIPRE00016484
| No. of Pages: 171
| Category: Electronics and Semiconductor
| Status: Published
The air cargo security and screening systems US$ 764.3 million in 2021 to US$ 1,064.4 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.
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.
Strategic Insights
Report Coverage - Air Cargo Security and Screening Systems Market
Report Coverage
Details
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
Forecast Period
2021-2028
Base Year
2021
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
Impact of COVID-19 Pandemic on Air Cargo Security and Screening Systems Market
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.
Lucrative Regions in Air Cargo Security and Screening Systems Market
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Market Insights – Air Cargo Security and Screening Systems Market Rapid Adoption of E-Commerce Propels Air Cargo Security and Screening Systems Market Growth
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.
Technology-Based Insights
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.
In September 2021, Smiths Detection Group Ltd. (Smiths Group plc) launched an enhanced cargo screening security scanner. Smiths Detection has announced a product upgradation 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.
In October 2021, Safeway Inspection System Limited Shipped X-ray scanners to overseas markets, including Asia, Europe, the Middle East and Africa, and South America.
The air cargo security and screening systems market has been segmented as follows:
Air Cargo Security and Screening Systems Market – by Size
Small Parcel
Break and Pallet Cargo
Oversized Cargo
Air Cargo Security and Screening Systems Market – by Technology
X-Ray System
ETD
EDS
Others
Air Cargo Security and Screening Systems Market – by Application
Narcotics Detection
Explosive Detection
Metal and Contraband Detection
Others
Air Cargo Security and Screening Systems Market – by Geography
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Russia
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
South Korea
Thailand
Rest of APAC
Middle East and Africa
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of SAM
Air Cargo Security and Screening Systems Market – Company Profiles
The air cargo security and screening systems have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. Increasing deployment of security and screening systems at airport and constant need to transport temperature-sensitive products are supporting the growth of air cargo security and screening systems market.
The global air cargo security and screening systems market was dominated by the EDS segment with market share of 36.4% in 2020. X-ray is gaining momentum across the globe. The EDS (explosive detection system) uses a single X-ray source and dual-energy design that provides high-resolution 3D images along with 2D and 3D organic or inorganic material discrimination.
In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. APAC is a prospective market for air cargo security and screening systems market players.
The major companies in air cargo security and screening systems includes Smith Detection Inc., Rapiscan, Leidos Inc., Nutech, and VOTI Detection Inc. The ranking has been derived analysing multiple parameters such as annual revenue earned from air cargo security and screening systems portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing air cargo security and screening systems for various applications.
The List of Companies - Air Cargo Security and Screening Systems Market
Astrophysics Inc
Dhonaadhi Hitec Innovations
Krystalvision Image Systems Pvt. Ltd
Nuctech Company Limited
Rapiscan Systems, Inc
Safran S.A.
VOTI Detection Inc
Safeway Inspection System Limited
Smith’s Detection Group Ltd. (Smiths Group plc).
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