Research Nester released a report titled “Global Air Cargo Screening System Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global air cargo screening system market in terms of market segmentation by size, by technology, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global air cargo screening system market is anticipated to record a CAGR of around 6% over the forecast period i.e. 2019-2027. Various factors ranging from increasing cargo volumes on the back of growing ecommerce industry, implementation of new standards and regulations and integration of advanced technology supporting screening devices to ensure safety in aviation sector, are contributing significantly to the growth of the market across the globe. Additionally, growing infrastructure development of air cargo terminals and security checks at airport are further estimated in accentuate the market shares during the forecast period. Further, the continuing and tremendous growth in on-line shopping trends is likely to favor the market growth during the forecast period.
The global air cargo screening market is bifurcated by size into small cargo, brick pallet cargo and oversized cargo; by technology into non-computed tomography transmission X-Ray (Non-CT X-Ray), explosive trace detection (ETD) and explosive detection systems (EDS); by application into narcotics, explosive, and metal and contraband detection.
By region, the global air cargo screening market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa, out of which, the market in North America holds largest share on the back of its developed economy. Further, market in Europe continues to grow on account of focus on technological advancement and operational efficiencies in cargo screening systems. Furthermore, market in Asia pacific is anticipated to grow at an incremental rate, on the back of rising economies and increasing investments in manufacturing sector and airports in the region.
Increasing Volumes Of Cargo Transportation To Boost Demand For Screening Systems
Air cargo screening system market has been witnessing fast growth on the back of the increase in volumes of cargo transportation. The is growing to cater against the rising security challenges in today’s world and meet government mandates with the help of advanced equipment and reliable engineers. On the back of rising demand to support regulators and strengthen air cargo supply chain security across different economies around the globe, the market of air cargo screening systems is expected to grow significantly during the forecast period. Additionally, increasing infrastructure development of air cargo terminals and security checks at airport are likely to favor the market growth in upcoming years.
However, the high installation and maintenance costs of security systems are some of the restraining factors that are estimated to hamper the market growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global air cargo screening system market which includes company profiling of OSI Systems Company, Smiths Detection Group Ltd., Teledyne e2v (UK) Ltd., ICTS Europe S.A, Astrophysics Inc., L3 Security & Detection Systems, Gilardoni S.p.A., Leidos, Autoclear LLC, and VOTI Detection Inc. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global air cargo screening system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.