The Air Cargo Security Screening Market Size was valued at USD 8.02 billion in 2022 and is expected to reach USD 11.85 billion by 2030 with an emerging CAGR of 5% over the forecast period 2023-2030.
Air cargo screening systems are devices installed at airport checkpoints to detect explosives and contraband hidden in cargo. These systems assist security agencies in securing airport infrastructure against safety violations while also maintaining the seamless operation of the worldwide supply chain, which increases the country's economic prospects through aviation services. The rise in e-commerce due to internet shopping has increased air freight volume in recent years. This is projected to drive demand for improved screening systems at airports capable of handling goods of varied sizes and types.
To get more information on Air Cargo Security Screening Market - Request Free Sample Report
In addition, as air cargo grows, some airports across the world are building dedicated air cargo terminals, which is projected to drive demand for air cargo screening systems in the future years. The aviation cargo industry is a significant target for terrorist operations, and recent efforts to export explosive materials have aroused fears and resulted in increased tightening of screening requirements. The growing threat of terrorist-related activities has compelled airport authorities around the world to invest in bomb detection technology.
MARKET DYNAMICS
KEY DRIVERS
The rising risk of explosive-based assaults has prompted airport authorities to increase their use of technologies such as X-rays to lessen the likelihood of such attacks.
RESTRAINTS
High installation and maintenance expenses are projected to stymie market expansion.
OPPORTUNITY
Technological developments in security screening systems might be viewed as a market investment potential.
Due to a growth in the prevalence of security risks and the smuggling of prohibited commodities around the world, airport security procedures have become more stringent.
CHALLENGES
Integration of new technologies enabling screening equipment to maintain safety and boost airport operational efficiencies is also likely to fuel market expansion.
IMPACT OF COVID-19
National and international transportation have been hampered as a result of the lockdown applied in many nations, which has greatly damaged the supply chain of airport cargo screening systems around the world, consequently expanding the supply-demand imbalance. As a result, insufficient raw material supply is likely to slow the manufacturing rate of these systems, thereby impacting market growth. Furthermore, as a result of the COVID-19 pandemic, manufacturing processes for airport cargo screening equipment have dramatically decreased. This is mostly due to the production shutdown and disrupted supply chain, which has impacted the market's global operations and revenue.
The pandemic has taken its toll on Europe, with Italy, France, and the United Kingdom bearing the worst of the damage. A substantial number of COVID-19-related fatalities occurred in the region. This caused economic disruption in the region, with various industries experiencing a drop in demand and an inability to supply as a result of the lockdown measures. However, as governments around the world begin to relax laws for resuming company operations, the situation is projected to improve.
Several countries and airport authorities are working together to establish distinct, dedicated air cargo terminals for increased security, which will open up attractive potential for players in the air cargo security screening systems market in the near future. Furthermore, strategic supply chain alliances and IATA cooperation may help organisations develop sustainably.
The primary purpose of aviation cargo security screening systems is to identify bombs and narcotics. Airport authorities all over the world have put modern security technologies in place to detect explosives in cargo and trace narcotics in large and small pallets of cargo. In recent years, airport authorities have increased their use of technologies such as X-rays to lessen the likelihood of such assaults due to the rising risk of such attacks.
The high installation and maintenance costs of security solutions may stymie the adoption of airport cargo screening systems. Furthermore, rising worries among airport regulatory bodies, such as supplier privacy issues, may stymie the implementation of screening systems.
Stringent airport security laws are likely to give attractive growth prospects in the airport passenger screening systems market due to an increase in the prevalence of security threats and the smuggling of prohibited commodities around the world. Furthermore, the integration of modern technology enabling screening equipment to maintain safety and boost airport operating efficiencies is likely to fuel market expansion.
The increased use of air cargo facilities for the transportation of commodities in shorter time spans is leading to an increase in the use of such technology for cargo screening at airports. As a result, worldwide adoption of bomb-detecting technology and screening devices has expanded significantly in recent years. In Europe, for example, European legislators have mandated 100 percent cargo screening on all passenger flights departing from Europe.
By Size
Screening Systems for Small Parcels
Screening Systems for Break & Pallet Cargo
Screening Systems for Oversized Cargo
By Type
Metal Detectors
Magneto Static Detectors
Explosive Trace Detectors
Advanced Imaging Technologies
By Airport Type
International Airport
Domestic Airport
.png)
Need any customization research on Air Cargo Security Screening Market - Enquiry Now
REGIONAL ANALYSIS
The market has been divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Asia-Pacific leads the globe in both passenger and cargo volume, which has resulted in increased investment in aviation security. Economic expansion and increased demand for global trade to and from this region have accelerated global air cargo traffic and resulted in an upgrade in the security infrastructure linked with it. Asia is home to many of the world's largest and most efficient cargo operators. Boeing predicts that aviation cargo traffic in the region will increase by 5.5 percent per year over the next 20 years.
Along with increased air cargo traffic and the development of new airports, Asia-Pacific is investing in the use of cutting-edge technologies, such as cargo-screening systems based on neutron and X-ray radiography.
Air cargo traffic in North America is at an all-time high. This, together with stringent air cargo security rules in the United States such as the Aviation and Transportation Security Act, National Intelligence Reform Act, and Homeland Security Appropriations Act, is primarily driving the region's demand for air cargo security screening systems.
Europe is a robust and mature market, with annual revenue tonne-kilometers (RTKs) expected to grow by 3.5 percent over the next 20 years. Because of the region's high trade volumes, air cargo screening systems are widely used, which is projected to drive the expansion of the regional air cargo security screening market. Air cargo traffic RTKs are expected to expand at CAGRs of 5.9 percent and 6.1 percent in the Middle East and Africa, respectively, during the next 20 years. Significant infrastructure development expenditures are being made in the Middle East, with the goal of building new airports and terminals in the region's important cargo centres.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players are LLC, IDEMIA, L3Harris Technologies Inc., Rapiscan Systems, Smiths Detection Inc., Teledyne e2v, 3DX-RAY, Astrophysics Inc., Autoclear, Leidos, Nuctech Company Limited & Other Players
Rapiscan Systems-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 8.02 Billion |
| Market Size by 2030 | US$ 11.85 Billion |
| CAGR |
CAGR of 13.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Size (Screening Systems for Small Parcels, Screening Systems for Break & Pallet Cargo, and Screening Systems for Oversized Cargo) • By Type (Metal Detectors, Magneto Static Detectors, Explosive Trace Detectors, Advanced Imaging Technologies, and Full Body Scanners) • By Airport Type (International Airport, and Domestic Airport) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | LLC, IDEMIA, L3Harris Technologies Inc., Rapiscan Systems, Smiths Detection Inc., Teledyne e2v, 3DX-RAY, Astrophysics Inc., Autoclear, Leidos, Nuctech Company Limited. |
| DRIVERS | • The rising risk of explosive-based assaults has prompted airport authorities to increase their use of technologies such as X-rays to lessen the likelihood of such attacks. |
| RESTRAINTS | • High installation and maintenance expenses are projected to stymie market expansion. |
The market size of the Air Cargo Security Screening Market was valued at USD 8.02 billion in 2022.
The growth rate of the Air Cargo Security Screening Market is 5% over the forecast period 2023-2030.
The key players of the Air Cargo Security Screening Market are LLC, IDEMIA, L3Harris Technologies Inc., Rapiscan Systems, Smiths Detection Inc., and Teledyne e2v, 3DX-RAY, Astrophysics Inc., Autoclear, Leidos, Nuctech Company Limited.
Asia-Pacific region dominated the Air Cargo Security Screening Market.
Technological developments in security screening systems and growth in the prevalence of security risks and the smuggling of prohibited commodities around the world are opportunities for the Air Cargo Security Screening Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Air Cargo Security Screening Market Segmentation, by Size
8.1 Screening Systems for Small Parcels
8.2 Screening Systems for Break & Pallet Cargo
8.3 Screening Systems for Oversized Cargo
9. Air Cargo Security Screening Market Segmentation, by Type
9.1 Metal Detectors
9.2 Magneto Static Detectors
9.3 Explosive Trace Detectors
9.4 Advanced Imaging Technologies
9.5 Full Body Scanners
10. Air Cargo Security Screening Market Segmentation, by Airport Type
10.1 International Airport
10.2 Domestic Airport
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 LLC, IDEMIA
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 L3Harris Technologies Inc.
12.3 Rapiscan Systems
12.4 Smiths Detection Inc.
12.5 Teledyne e2v
12.6 3DX-RAY
12.7 Astrophysics Inc.
12.8 Autoclear
12.9 Leidos
12.10 Nuctech Company Limited
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Radome Market Size was valued at USD 2.08 billion in 2022 and is expected to reach USD 6.84 billion by 2030, with a growing CAGR of 16.0% over the forecast period 2023-2030.
The Aircraft Lighting Market Size was valued at USD 994.19 million in 2022 and is expected to reach USD 2055.5 million by 2030 and grow at a CAGR of 9.5% over the forecast period 2023-2030.
The Marine Actuators and Valves Market Size was valued at USD 3.91 billion in 2022 and is expected to reach USD 5.68 billion by 2030 with a growing CAGR of 4.8% over the forecast period 2023-2030.
The Aircraft Pumps Market Size was valued at USD 3.84 billion in 2022, expected to reach USD 6.56 billion by 2030 and grow at a CAGR of 6.9% over the forecast period 2023-2030.
The Ground Support Equipment Market Size was valued at US$ 5.92 billion in 2023 and is expected to reach USD 8.45 billion by 2031 with a growing CAGR of 4.75% over the forecast period 2024-2031.
The Air Data Systems Market size was valued at USD 851.36 Million in 2023 & is estimated to reach USD 1329.53 Million by 2031 and increase at a compound annual growth rate (CAGR) of 5.74% between 2024 and 2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
