Air Cargo Security and Screening Systems Market to Grow at a CAGR of 9.6% by 2028.

The Europe air cargo security and screening system market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The European Commission had passed a framework mandating all the airports and airport operators to upgrade their hold baggage screening (HBS), complying with ECAC’s Standard 3 approved EDS. Airports were given a timeline to implement these changes by 2018 in the UK, by 2020 in European countries, and by 2022 in critical circumstances. This would result in installing new scanners at airports across the region, thereby driving the demand for air cargo security and screening systems. Border authorities and customs, ports, airports, and railway operators across the region collect massive security-related data daily, which is required to be shared between the European and Schengen government bodies for easy accessibility among police and other judicial authorities. Thus, the high demand for security data in the region is influencing the adoption of technologically advanced security systems.

Smith’s Detection Group Ltd., Rapiscan Systems, Inc., Leidos Inc., Nuctech Company Limited and VOTI Detection Inc. – Prominent Market Participants in Air Cargo Security and Screening Systems Market

Further, the rising e-commerce industry is leading to rise online sales which is anticipated to bolster the market growth. Additionally, the opportunity for business expansion has also boosted the growth of e-commerce owing to the growth in internet driven B2C package/cargo flows. Further, several investment plans are promoting infrastructural investments in the region. Such initiatives are anticipated to result in the increasing construction of airports, railways, other transportation facilities, and commercial construction, thereby influencing the air cargo security and screening system market growth. Moreover, various government policies related to air cargo security services in the region will drive the market. For instance, in January 2021, the UK’s new inbound air cargo security regime (UK ACC3) is applicable to cargo entering the UK to minimize disruption to existing air cargo and mail operations and will drive the demand of air cargo security system

Smith’s Detection Group Ltd., Rapiscan Systems, Inc., Leidos Inc., Nuctech Company Limited and VOTI Detection Inc.  – are among the well-known players operating in the global air cargo security and screening systems market and are focused on product development and innovations.

The presence of developing economies and the rise in the adoption of innovative and advanced technologies contribute to the overall growth of the APAC region. Australia, China, India are the major contributors to the growth of the air cargo security and screening market in this region. Rapid technological developments, digitalization of economies, and adequate government support are among the significant factors contributing to the growth of the APAC economy. Increasing deployment of security screening systems and rising need for transport temperature-sensitive system at airports are influencing the demand for APAC air cargo security and screening systems. Furthermore, the growing safety concerns due to the rise in terrorism and rapid adoption of e-commerce are the other factors contributing to market growth.

Furthermore, governments of various countries across the region are focusing on the development of airports. For instance, the Airports Authority of India is planning to build city-side infrastructure at airports across the country, with help from private players for building hotels, car parks, and other facilities. Also, the Indian government has plans to set up new airports over the coming years. The government of China is highly focused on modernizing its infrastructure and has completed several projects to develop its infrastructure. Furthermore, the country is constantly expanding its transportation infrastructure. The growing infrastructure installation will result in the deployment of new air cargo security and screening systems. Moreover, in June 2021, according to the Association of Asia Pacific Airlines (AAPA), the international air cargo demand for Asia Pacific-based carriers, measured in freight ton-km (FTK), has been increased by 25.7% year-on-year, with volumes matching the same month in 2019. Moreover, a rise in investments in the construction of new airports and expansion of the existing ones encourage the adoption of enhanced solutions for better operations.

The top five companies in the market are Smiths Detection Group Ltd., Rapiscan Systems, Inc., Leidos Inc., Nuctech Company Limited and VOTI Detection Inc. The above listing of key players is derived by considering multiple factors such as overall revenue, current air cargo security and screening systems portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below: