Screening or Security checks for air cargo is increasing as global air cargo traffic has increased substantially across the globe. Adoption of advanced air cargo screening technologies has increased, which are more proficient and effective in screening a large volume of cargo. Furthermore, the new sophisticated air cargo screening systems provide improved threat detection capability, which is catalyzing the air cargo screening market growth.
MARKET SCOPE
The "Global Air Cargo Screening Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the air cargo screening market with detailed market segmentation by type, technology, and geography. The report provides key statistics on the market status of the leading air cargo screening market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as fixed and portable.
- Based on technology, the market is segmented into explosive trace detection, non-computed tomography transmission X-ray, explosive detection systems.
MARKET DYNAMICS
Drivers:
- Rising need for effective air cargo screening systems for the rapid increase in air traffic and also the new entry of a larger number of air service providers.
- Technological advancements in the IT systems are essential for the development of the modern air-cargo screening system
- growing fleet size of e-commerce for parcel delivery purpose
Restraints:
- Prevalence of legacy air cargo screening system
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The air cargo screening market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all regions and highlighting the factors affecting the air cargo screening market in these regions
IMPACT OF COVID-19 ON AIR CARGO SCREENING MARKET
As a result of COVID-19pandemic, many countries have implemented different control measures to prevent COVID-19 from spreading. Due to great reduction in daily activities & human mobility, it has negatively impacted the global air transportation industry. The US, China, India and many other countries have estimated mildest economic impact on air transportation industry owing to decline in air cargo traffic & air passenger revenue as well as prompt and effective measures taken to curb the spread. Due to negative impacted air transport industry, the demand for procuring & deploying air cargo screening has adversely impacted.
-On the upside down, it is anticipated that with innovation getting adopt by airport authorities to prevent COVID-19 will help in restoring pre-COVID-19 traffic volumes count. Also, with airport resumed after months lockdown, production, procurement & deployment of air cargo screening is rising.
MARKET PLAYERS
The report covers key developments in the air cargo screening market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from air cargo screening market are anticipated to lucrative growth opportunities in the future with the rising demand for air cargo screening in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the air cargo screening market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3DX-RAY
- Astrophysics Inc.
- EAS Envimet Analytical Systems Ges.m.b.H.
- ICTS Europe S.A
- MDT Security Systems Sdn. Bhd
- Leidos
- Rapiscan System Inc.
- Smiths Detection Group Ltd.
- Teledyne e2v (UK) Ltd
- VOTI Detection Inc.