+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Air Cargo Screening Systems - Global Market Trajectory & Analytics

  • ID: 4804481
  • Report
  • April 2021
  • Region: Global
  • 187 pages
  • Global Industry Analysts, Inc
Global Air Cargo Screening Systems Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Air Cargo Screening Systems estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Narcotics Detection, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$335.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Explosive Detection segment is readjusted to a revised 4.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $273.3 Million, While China is Forecast to Grow at 7.5% CAGR

The Air Cargo Screening Systems market in the U.S. is estimated at US$273.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$287.1 Million by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Metal & Contraband Detection Segment to Record 5.5% CAGR

In the global Metal & Contraband Detection segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$266.2 Million in the year 2020 will reach a projected size of US$375.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$188.5 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • 3DX-Ray Ltd.
  • American Science and Engineering, Inc. (AS&E)
  • Astrophysics, Inc.
  • Autoclear LLC
  • CEIA USA Ltd.
  • Gilardoni SpA
  • L3 Security & Detection Systems, Inc.
  • Nuctech Co., Ltd.
  • Smiths Detection, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Mounting Security Challenges of Airports amidst Rising Security Risks Fuels Growth in Air Cargo Screening Systems Market
  • A Review of Security Threats Facing Air Cargo
  • Air Cargo Screening Systems Market - Poised for Growth
  • Regional Market Overview
  • Growing Air Cargo Industry Worldwide Enhances Need for Air Cargo Screening and Security
  • Air Cargo Market: On the Path to Gradual Recovery Following Multiple Years of Weak Demand
  • Exhibit 1: Surging International Trade Bolsters Air Cargo Market - Air Cargo Transport Volume in Revenue-Tonne Kilometers (RTK) for the Period 2013-2018
  • Exhibit 2: Asian Economies at the Forefront of Air Cargo Industry Growth: Percentage Annual Growth Rate of Air Cargo Transport Volume (RTKs) for 2018-2037
  • Exhibit 3: Historical and Projected Growth Rates (%) for Air Cargo Market by Geographic Region for the Years 2007-2017 and 2018-2037
  • Exhibit 4: Global Revenues Generated by Commercial Airlines from Air Cargo Traffic (in US$ Billion) for the Years 2010 through 2019
  • Booming E-Commerce Sector Spurs Growth in the Global Air Cargo Market
  • Exhibit 5: China Emerges as the Leading E-Commerce Market: Online Retail Sales in China Vs US for the Years 2010 through 2017
  • Exhibit 6: Global Retail E-Commerce Sales in US$ Billion for the Period 2014-2021
  • Global Economy, Industrial Production and Trade Growth: Critical for a Strong Air Cargo Market
  • Exhibit 7: Economic Activity, Trade and Industrial Production Vital for Air Cargo Market: Annual Growth Rate (%) for GDP Growth, Trade Growth and Industrial Production Growth for the Years 2016-2018
  • Exhibit 8: Rebound in Global Trade Augurs Well for Air Cargo Market - Percentage Annual Growth of Real Merchandise Trade Worldwide for the Period 2010 through 2020
  • Leading Market Players in Air Cargo Screening Market
  • Enhanced Security Needs of Air Cargo Provides an Edge to Air Cargo Handling Companies
  • Air Cargo Screening - Introduction
  • Why is Air Cargo Security and Screening Important?
  • Explosives Trace Detection Systems
  • Growing Threat of Explosives in Air Cargo Drives Demand for Explosive Detection
  • Persistent Risk of Narcotics Smuggling Fuels Need for Narcotics Systems for Air Cargo
  • Air Cargo Industry’s Upgrade to ECAC EDS Standard 3: Opportunity for X-Ray and EDS Systems Markets
  • Increasing Role of Canine Teams in Air Cargo Screening Presents Challenge for Cargo Screening Systems
  • Third Parties Sniffer Dogs to be Allowed for Air Cargo Screening
  • IATA and Industry Stakeholders Focus on Strengthening Air Cargo Security
  • Challenges Confronting Air Cargo Screening Market
  • Technology Adoption for Better Security in Air Cargo
  • Next-generation Screening Solutions to Enhance Air Cargo Security
  • S&T Funds OCAST Algorithm to Improve Efficiency of Cargo Screening Process
  • Artificial Intelligence Set to Transform Air Cargo Screening Process
  • Air Cargo Industry Transforming through Bluetooth Technology
  • EFFEX Project: Designed to Detect Explosives in Air Cargo through Vapor Sensing
  • Recent Industry Activity
  • Shipco Airfreight Introduces K9 Cargo Screening
  • Smiths Detection Wins Order for Next Generation Cargo Screening Systems
  • OSI Systems Receives Orders to Provide Air Cargo Inspection Systems for Parcel Screening Applications
  • Astrotech's ETD Passes ECAC’s CEP for Airports
  • Smith Detection Receives ACSTL Approval for IONSCAN 600 Explosives Trace Detection System
III. MARKET ANALYSIS
  • Air Cargo Industry in the US - An Overview
  • A Review of Air Cargo Screening Procedures in the US
  • Measures to Prevent and Detect Tampering of Air Cargo Shipments in the US
  • Security Measures to Maintain In-Flight Cargo Security
  • Policies and Strategies to Secure Air Cargo Shipments
  • A Glance at Current Legislative Issues
  • TSA Air Cargo Screening Mandate
  • U.S. Customs & Border Patrol Implements New Air Cargo Screening Regulations for Inbound Shipments into US
  • US Air Cargo Screening Challenges
  • Strong Screening Measures for Air Cargo Augurs Well for the Market
  • With E-Commerce Fueling Air Freight, Security and Screening of Air Cargo Grows in Significance
  • Australia Adopts Changes to Air Cargo Security Screening
  • Hong Kong Launches Offsite Air Cargo Screening Scheme
IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
Adroll
adroll