The air cargo security and screening systems market size is projected to reach US$ 1256.74 million by 2031 from US$ 841.56 million in 2023. The market is expected to register a CAGR of 5.1% during 2023–2031. The adoption of security solutions for the rising number of airports and the growing e-commerce industry are likely to remain key trends in the market.
The growing e-commerce industry is fuelling the market growth. The rising number of airports generates the demand for airport security solutions, which further drives market growth. The rising terrorist attacks and drug trafficking in the world generate the demand for airport security and screening systems. The risk management approach of the airports drives the need for security solutions.
Air cargo security and screening systems play a crucial role in ensuring the security and safety of the people at airports. These systems provide detection technology to the airport operators with which they can detect any explosive object, narcotics, metal and contraband. To avoid terrorist attacks and drug trafficking, these systems are required at the airports
The e-commerce industry is experiencing growth at a rapid phase. To deliver the products faster to the customers, the shipping industry is shifting towards the air route. The speed factor plays a crucial role in retail shipments through air routes. The air carriers sometimes carry cargo in the passenger flights and cargo flights. This factor has generated the demand for air cargo security and screening systems.
The government's focus on ensuring air cargo security drives the demand for air cargo security and screening systems. For example, the Department of Homeland Security's (DHS) Transportation Security Administration (TSA) and US Customs and Border Protection (CBP) address US-bound air cargo security through distinct programs and they have taken steps to measure their effectiveness. TSA conducts an inspection program to ensure that air carriers are comply with specific cargo-related security requirements, such as requirements related to control and custody, cargo acceptance, and screening procedures.
Key segments that contributed to the derivation of air cargo security and screening systems market analysis are the cargo size, technology, and application.
The geographic scope of the air cargo security and screening systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America holds a significant global market share in 2023. The rising concerns over security at the airports drive the market growth in the region. The growing e-commerce industry in the region is generating demand for air cargo security solutions. The government investment in improving airport security further fosters market growth in the region.
The regional trends and factors influencing the Air Cargo Security and Screening Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Air Cargo Security and Screening Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 841.56 Million |
Market Size by 2031 | US$ 1256.74 Million |
Global CAGR (2023 - 2031) | 5.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Cargo Size
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Air Cargo Security and Screening Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Air Cargo Security and Screening Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The air cargo security and screening systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the air cargo security and screening systems market are listed below:
The "Air Cargo Security and Screening Systems Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The adoption of security solutions for the rising number of airports and the growing e-commerce industry are the key driving factors impacting the air cargo security and screening systems market.
Astrophysics Inc; Dhonaadhi Hitec Innovations; Krystalvision Image Systems Pvt Ltd; Nuctech Company Limited; Rapiscan Systems, Inc; Safran S.A.; EAS Envimet Analytical Systems Ges.m.b.H.; Safeway Inspection System Limited; Smith's Detection Group Ltd. (Smiths Group plc); and OSI Systems are some of the key players operating in the air cargo security and screening systems market.
The estimated value of the air cargo security and screening systems market will be US$ 1256.74 million by 2031.
Integration of AI and ML technologies with the security and screening systems is a key trend in the air cargo security and screening systems market.
The global air cargo security and screening systems market is estimated to register a CAGR of 5.1% during the forecast period 2023–2031.