Growing Safety Concerns due to Rising Incidence of Terrorism to Provide Growth Opportunities for Air Cargo Security and Screening Systems Market during 2021–2028
According to our latest market study on “Air Cargo Security and Screening Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Cargo Size, Technology, and Application,” the market is expected to grow from 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.
The global air cargo security and screening systems market is segmented into five major regions North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. In 2020, Asia Pacific led the market with a substantial revenue share, followed by North America and Europe, respectively. Increasing terrorist activities and rising threats to major economies have forced the governments and other governing bodies to undertake air traffic controls. For instance, the Airports Authority of India (AAI) is expected to increase security scanning systems across all entry and exit points of airports in the country. The deployment of parcel scanners at airports helps reduce fraudulent activities, such as smuggling of diamond, narcotics, smuggling, weapons, and other expensive materials. Security screening systems that include X-ray cargo scanners as one of the major components have successfully lowered the impact of terrorist activities. Also, with the rising extent of violence and terrorism worldwide, X-ray scanners are increasingly being installed at airports. In October 2021, an X-ray machine was deployed at the Ahmedabad Air Cargo Complex (AACC) for scanning cargo parcels.
The global air cargo security and screening systems market is segmented on the basis of cargo size, technology, application, and geography. The market, based on cargo size, is sub segmented into small parcel, break and pallet cargo, and oversized cargo. On the basis of technology, the market is further segmented into X-ray systems, ETD, EDS, and others. The air cargo security and screening systems market, by application, is segmented into narcotics detection, explosive detection, metal and contraband detection, and others. On the basis of geography, the market is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, Italy, UK, Russia, and Rest of Europe), Asia Pacific (China, India, South Korea, Japan, Indonesia, Singapore, Malaysia, Vietnam, Thailand, and Rest of APAC), Middle East & Africa (UAE and Rest of MEA), and South America (Brazil, Chile, and Rest of SAM).
Impact of COVID-19 Pandemic on Air Cargo Security and Screening Systems Market
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 US, Canada, and Mexico. However, the COVID-19 pandemic hampered the market growth in the region in 2020. North America is the largest adopter of new technologies owing to favorable government policies to boost the innovation and strengthen the infrastructure capabilities. Therefore, any impact on industries alters the economic growth of the region. The shutdown of businesses, fall in GDP, and delays in procurement of raw materials in the last six months of 2020 have significantly impacted the air cargo security and screening system market in the region. The COVID-19 crisis has drastically impacted the operations across the value chains of various industries. Moreover, this has influenced the adoption of contactless air cargo security and screening system across various countries to comply with both safety regulations and social distancing norms imposed by the respective government bodies.
Astrophysics Inc.; Dhonaadhi Hitec Innovations; Krystalvision Image Systems Pvt. Ltd.; Nuctech Company Limited; Rapiscan Systems, Inc.; Safran, VOTI Detection Inc.; Safeway Inspection System Limited; and Smiths Detection Group Ltd. (Smiths Group plc) are among the major companies operating in the air cargo security and screening systems market.
Air Cargo Security and Screening Systems Market — by Region, 2020 and 2028 (%)
Air Cargo Security and Screening Systems Market Forecast 2028
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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)
Air Cargo Security and Screening Systems Market Forecast 2028
Download Free SampleAir 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)
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