Air Cargo Security Screening Market is predicted to reach USD 1.4 Billion at a CAGR of 6% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Air Cargo Security Screening Market” that contains information from 2018 to 2030. The Air Cargo Security Screening market is estimated to register a CAGR of 6% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Air Cargo Security Screening market— 3DX-RAY (UK), Astrophysics Inc. (US), Autoclear, LLC (US), IDEMIA (France), L3Harris Technologies Inc. (US), Leidos (US), Nuctech Company Limited (China), Rapiscan Systems (US), Smiths Detection Inc. (US), and Teledyne e2v (UK).
The global Air Cargo Security Screening market is accounted to register a CAGR of 6% during the forecast period and is estimated to reach USD 1.4 Billion by 2030.
The Air Cargo Security Screening Market pertains to the implementation of measures and technologies to inspect and ensure the safety of goods transported via air cargo. It involves screening procedures, equipment, and regulations aimed at detecting and preventing potential threats such as explosives, contraband, and dangerous materials from being transported on commercial aircraft. This market plays a crucial role in maintaining aviation security and international trade.
The global Air Cargo Security Screening market has been segmented based on Cargo Type, and System.
On the basis of Cargo Type, the market is segmented into heavy cargo, dangerous goods, live animals, human remains, and others. During the forecast period, the risky products segment is anticipated to have the greatest CAGR. The significant expansion of this market is being driven by the extensive use of cargo screening for the detection of explosives and drugs.
Based on System, the global Air Cargo Security Screening market has been segmented into X-Ray, explosive detection system (EDS), and explosive trace detection (ETD). During the projected period, the CAGR for the EDS segment is anticipated to be the highest. EDS is a technique for checking cargo during scanning for explosives and other prohibited or hazardous things. The device can be utilised as a stand-alone unit, as a component of a partially integrated system, or as a 3D volumetric computed tomography (CT) imaging and reconstruction system.
The global Air Cargo Security Screening market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Air Cargo Security Screening market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Air Cargo Security Screening market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Air Cargo Security Screening market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Air Cargo Security Screening Market dominated this market in 2022. Due to the region's dominance in terms of both air freight volume and passenger traffic, there has been an increase in investment in aviation security. The improvement in the security infrastructure that goes along with it has been fueled by the expansion of the economy and the increased need for international trade into and out of this region. Asia is home to many of the biggest and most effective cargo operators in the world. According to Boeing, during the next 20 years, the region's air freight traffic will increase by 5.5% annually.
North America has the most air cargo traffic. The demand for air cargo security screening systems in the region is primarily being driven by this as well as strict air cargo security rules in the US like the Aviation and Transportation Security Act, National Intelligence Reform Act, and Homeland Security Appropriations Act.
Air cargo traffic revenue tonne-kilometers (RTKs) are expected to increase 3.5% yearly over the next 20 years in Europe, a developed and mature sector. Air cargo screening systems are widely used in the region due to the high volume of trade, which is anticipated to fuel the expansion of the air cargo security screening market there.
Over the next 20 years, air freight traffic RTKs are expected to increase across the Middle East and Africa at CAGRs of 5.9% and 6.1%, respectively. There are huge investments being made in the Middle East to build new airports and terminals in the primary cargo centres of the region.
Key Findings of the Study