Global Air Cargo Security Systems Market Overview:
Nowadays, security plays a vital role in the supply chain. Cargo security measures aim to protect merchandise from theft but they also secure containers against incoming materials t, this may include drugs, bomb or other unwanted material. Air cargo security is also required and it includes any property carried in the aircraft (air freight, airmail, and air express).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Trend of Implementation of Advanced Security Systems to Detect Explosives in Cargo and To Trace Narcotics in Large and Small Pallets of Cargo
Market Growth Drivers:
Rising Risk of Attacks Through Explosives and Rising Usage of Air Cargo Facilities For Transportation of Goods In Shorter Time Spans Is Leading To Increasing Usage of Advanced Air Cargo Security System That takes Less Time
Restraints:
High Cost Associated With Air Cargo Security System and Bulk Screening While Operating Air Cargo Security Equipment
Opportunities:
Potential Growth of Air Cargo Security System in Emerging Countries
Competitive Landscape:
Air Cargo Security Systems market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are American Science and Engineering, Inc. (AS&E) (United States), 3DX-Ray Ltd. (United Kingdom), L3 Security & Detection Systems, Inc. (United States), Autoclear LLC (United States), Astrophysics, Inc. (United States), Smiths Detection, Inc. (United States), Nuctech Co., Ltd. (China), CEIA USA Ltd. (United States), Rapiscan Systems (United States) and Gilardoni SpA (Italy). Additionally, following companies can also be profiled that are part of our coverage like InVision Technologies, Armstrong Monitoring, Teledyne e2v (UK) Ltd., ICTS Europe S.A and Leidos. Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Air Cargo Security Systems market by 2028. Considering Market by Technology, the sub-segment i.e. EDS (Explosive Detection Systems) technologies will boost the Air Cargo Security Systems market. Considering Market by Size of screening systems , the sub-segment i.e. For Small Cargo will boost the Air Cargo Security Systems market. Considering Market by Detection, the sub-segment i.e. Explosive detection will boost the Air Cargo Security Systems market.
Latest Market Insights:
In January 2017, The British cargo screening systems manufacturer, Smiths Detection, acquired Safran, the US-based Morpho Detection Company.
In September 2019, Smiths Detection launched its new HI-SCAN 145180-2is pro, specifically designed to meet the demands of air cargo screening as international e-commerce and fast freight continues to grow. and the generators are digitally controlled, offering advanced analysis and diagnosis capabilities as well as internal memory, storing important lifecycle data.
According to IATA, in 2016, airlines transported 52 million metric tons of goods, representing more than 35% of global trade by value. On average, the cargo business generates 9% of airline revenues, representing more than twice the revenues from the first class segment. Additionally, U.S. policies and strategies, protecting air cargo have focused on two main perceived threats: the in-flight detonation of explosives concealed in an air cargo shipment and the hijacking of a large all-cargo aircraft for use as a weapon to attack a ground target such as a major population center, critical infrastructure, or a critical national security asset. Additionally, there is concern that chemical, biological, or radiological agents or devices that could be used in a mass-casualty attack in the United States might be smuggled as international air cargo.
What Can be Explored with the Air Cargo Security Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Air Cargo Security Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Air Cargo Security Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Air Cargo Security Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Air Cargo Security Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Air Cargo Security Systems Manufacturer, Air Cargo Security Systems Distributors/Traders/Wholesalers/Suppliers, Raw Material Suppliers, Regulatory Bodies, Including Government Agencies And NGO, Government Organizations, Research Organizations, And Consulting Firms, Commercial Research And Development (R&D) Institutions, Importers And Exporters, Trade Associations And Industry Bodies and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.