Global Air Cargo Security and Screening Systems Market Overview:
Air cargo security and screening systems are advanced technologies and surveillance systems, which are widely utilized by airport authorities to scan and protect the cargo from various threats. However, growing terrorist attacks and criminal activities by using explosive materials have increased the demand for enhanced security of cargo. Government of various countries has implemented regulations to install security and screening systems for the air cargo will boost the adoption in the nearer future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 3DX-Ray (United Kingdom), L-3 Security & Detection Systems (United States), Smiths Detection (United Kingdom), Rapiscan Systems (United States), Astrophysics Inc. (United States), Autoclear (United States), CEIA (Italy) and Gilardoni (Italy) |
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 |
Growth Drivers
- Increased Demand of Advanced Technologies to Secure Containers Against Incoming Explosive Or Narcotics Materials
- Growing Transportation Industries and Increased Use of Air Transportation Facility
Roadblocks
- Increased Scrutiny by TSA, Additional Liability and Additional Operational, Legal and Insurance Costs May Hamper the Growth
Opportunities
- Government Initiatives towards the Development of Separate Air Cargo Terminals Due to Rising Security Concerns
Challenges
- Lack of Suitable Bulk Screening Technologies
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are 3DX-Ray (United Kingdom), L-3 Security & Detection Systems (United States), Smiths Detection (United Kingdom), Rapiscan Systems (United States), Astrophysics Inc. (United States), Autoclear (United States), CEIA (Italy) and Gilardoni (Italy). Analyst at AMA Research see United States Players to retain maximum share of Global Air Cargo Security and Screening Systems market by 2027.
In February 2021, Rapiscan Systems launched new Itemiser 5X Trace Detector. It has been designed to process trace sample swabs in under eight seconds from a wide variety of sources, including packages, clothing and human skin, it is ideally suited for explosives and narcotics detection across a variety of environments. With one-hand portability, a built in printer, automatic internal calibration and an onboard battery the Itemiser 5X can be quickly and easily relocated, supporting easy setup across different locations within minutes.
What Can be Explored with the Air Cargo Security and Screening Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Air Cargo Security and Screening Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Air Cargo Security and Screening 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 and Screening 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 and Screening 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 New Entrants/Investors, Analysts and Strategic Business Planners, Air Cargo Security and Screening System Manufacturers & Providers, Raw Material Manufacturers of Air Cargo Security and Screening System, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
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.