Air Cargo Security and Screening Systems Market Size by 2031
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.
Air Cargo Security and Screening Systems Market Analysis
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 Market Overview
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
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Air Cargo Security and Screening Systems Market: Strategic Insights
Market Size Value in US$ 764.3 million in 2021 Market Size Value by US$ 1,064.4 million by 2028 Growth rate CAGR of 4.8% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Air Cargo Security and Screening Systems Market: Strategic Insights
| Market Size Value in | US$ 764.3 million in 2021 |
| Market Size Value by | US$ 1,064.4 million by 2028 |
| Growth rate | CAGR of 4.8% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Air Cargo Security and Screening Systems Market Drivers and Opportunities
Growing adoption of air routes for the e-commerce industry
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.
Rising Consumer Electronics Market
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.
Air Cargo Security and Screening Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of air cargo security and screening systems market analysis are the cargo size, technology, and application.
- Based on the cargo size, the air cargo security and screening systems market is divided into small parcel, break and pallet cargo, and oversized cargo. The oversized cargo segment is expected to grow with the highest CAGR.
- By technology, the market is segmented into X-ray systems, ETD (explosives trace detection), EDS (explosive detection system), and others. The X-ray systems segment held a significant share of the market in 2023.
- By application, the market is segmented into narcotics detection, explosive detection, metal and contraband detection, and others. The metal and contraband detection segment held a significant share of the market in 2023.
Air Cargo Security and Screening Systems Market Share Analysis by Geography
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.
Air Cargo Security and Screening Systems Market Report Scope
Air Cargo Security and Screening Systems Market News and Recent Developments
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:
- Under the CAPITAL INVESTMENT PLAN for the FY24-FY28. The country is focused on the Air Cargo Security Program that collaborates with industry to develop requirements and to qualify technologies to address identified capability gaps in air cargo screening security. (Source: US Department of Homeland Security, Press Release, August 2023)
Air Cargo Security and Screening Systems Market Report Coverage and Deliverables
The "Air Cargo Security and Screening Systems Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Air cargo security and screening systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Air cargo security and screening systems market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Air cargo security and screening systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the air cargo security and screening systems market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Cargo Size, Technology, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Canada, Chile, China, France, Germany, India, Indonesia, Italy, Japan, Malaysia, Mexico, RoAPAC, Russian Federation, Singapore, South Korea, Thailand, United Arab Emirates, United Kingdom, United States, Vietnam
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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