Introduction
The global Air Cargo Security Screening Market is expected to reach USD 6.76 billion by 2029, according to a report. The market is projected to grow at a CAGR of 7.1% from 2022 to 2029. The increase in air cargo traffic and the need for improved security measures are the major factors driving the growth of the air cargo security screening market. In addition, the implementation of stringent government regulations regarding air cargo security is another factor fueling the market growth. However, the high cost of air cargo security screening systems is restraining the market growth.
Market Overview
The global Air Cargo Security Screening Market is expected to grow at a CAGR of 7.1% during the forecast period of 2022-2029. The market was valued at USD 4.39 billion in 2021 and is projected to reach USD 6.76 billion by 2029. The demand for air cargo security screening is driven by the need to ensure the safety and security of air transportation, as well as the increasing global trade volume.
The growth of the air cargo industry has been accompanied by an increase in air cargo security threats. In order to counter these threats and ensure the safety of air transportation, various measures have been put in place, such as the development of new technologies for air cargo security screening. These technologies include X-ray machines, explosive detection systems (EDS), and computed tomography (CT) scanners.
The X-ray machines segment is expected to hold the largest market share during the forecast period, due to their wide adoption in airports and other transport hubs. The EDS segment is projected to grow at the highest CAGR during the forecast period, owing to its ability to detect a wide range of explosives.
The Asia-Pacific region is expected to be the fastest-growing market for air cargo security screening during the forecast period, due to the increasing trade volume and passenger traffic in this region. The North American region is expected to hold the largest market share during the forecast period, due to stringent government regulations regarding air cargo security.
Covid-19 Impact on Air Cargo Security Screening Market:
As the COVID-19 pandemic continues its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces stay at home, passengers stop traveling, and delay in the delivery of new aircraft. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affects production as in aircraft manufacturing.
Report Includes
An overview of the global Air Cargo Security Screening Market , and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Air Cargo Security Screening market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Air Cargo Security Screening market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Air Cargo Security Screening market for components from 2020 through 2027
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides detailed insights of the market which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Market drivers and challenges
The Air Cargo Security Screening Market is driven by the need to ensure the safety and security of airfreight shipments. The key challenge facing the market is the lack of standardization in security screening procedures, which can lead to delays and disruptions in the supply chain. Other challenges include the high cost of security screening equipment and the need for trained personnel to operate it.
Market trends
The air cargo industry is forecast to grow at a compound annual growth rate (CAGR) of around 5% between 2019 and 2029, according to Market Research Future (MRFR). The key drivers for this market growth are the rise in international trade, the globalization of supply chains, and the increasing demand for just-in-time deliveries.
The global Air Cargo Security Screening Market is further segmented by type into physical screening, explosive detection, and X-ray systems. Of these, the physical screening segment accounted for the largest share of the market in 2018 and is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the stringent regulations regarding air cargo security.
The global Air Cargo Security Screening Market is also segmented by end-user into airports, freight forwarders, and airlines. Of these, airports held the largest share of the market in 2018 and are expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing number of airport expansions and modernizations being undertaken globally.
Segmentation Analysis:
The market for air cargo security screening is segmented by type of product, by end-user, and by geography.
Type of product: The market for air cargo security screening can be segmented into x-ray machines, explosive detection systems, metal detectors, and others.
End user: The market for air cargo security screening can be segmented into airports, airlines, freight forwarders, and others.
Geography: The market for air cargo security screening is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Air Cargo Security Screening Market Competitive Analysis:
The global air cargo security screening market is highly competitive and is expected to witness strong growth in the coming years. There are a number of key players in the global air cargo security screening market, each with its own unique offerings
Key players in the Global Air Cargo Security Screening market are 3DX-RAY (UK), Astrophysics Inc. (US), Autoclear, LLC (US), IDEMIA (France), L3Harris Technologies Inc. (US), Leidos (US), Nuctech Company Limited (China), Rapiscan Systems (US), Smiths Detection Inc. (US), and Teledyne e2v (UK) among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Air Cargo Security Screening market is distributed on the basis of the below-mentioned segments:
Global Air Cargo Security Screening Market, by Component:
• Hardware
• Software
Global Air Cargo Security Screening market, by Operation:
• Automatic
• Manual
Global Air Cargo Security Screening Market, by Type:
• Single View
• Dual View
• 3D View
Global Air Cargo Security Screening Market, by Technology:
• Dual-energy X-ray radiography
• Backscatter X-ray radiography
• pulsed fast neutron analysis (PFNA)
• fast neutron analysis (FNA)
• Thermal Neutron Analysis (TNA)
Global Air Cargo Security Screening Market, by Devices:
• Visual Images Devices
• Explosive Trace Detection (ETD) Devices
• Metal Detection Devices (MD)
• Explosive Detection Devices (EDS)
• Narcotics Detector Devices
• Narcotics detectors
Global Air Cargo Security Screening Market, by Cargo Type:
• Heavy Cargo
• Dangerous Goods
• Small Cargos
• Human Remains
Global Air Cargo Security Screening Market, By Region:
The global Air Cargo Security Screening Market is expected to reach USD 6.76 billion by 2029, according to a report. The market is projected to grow at a CAGR of 7.1% from 2022 to 2029. The increase in air cargo traffic and the need for improved security measures are the major factors driving the growth of the air cargo security screening market. In addition, the implementation of stringent government regulations regarding air cargo security is another factor fueling the market growth. However, the high cost of air cargo security screening systems is restraining the market growth.
Market Overview
The global Air Cargo Security Screening Market is expected to grow at a CAGR of 7.1% during the forecast period of 2022-2029. The market was valued at USD 4.39 billion in 2021 and is projected to reach USD 6.76 billion by 2029. The demand for air cargo security screening is driven by the need to ensure the safety and security of air transportation, as well as the increasing global trade volume.
The growth of the air cargo industry has been accompanied by an increase in air cargo security threats. In order to counter these threats and ensure the safety of air transportation, various measures have been put in place, such as the development of new technologies for air cargo security screening. These technologies include X-ray machines, explosive detection systems (EDS), and computed tomography (CT) scanners.
The X-ray machines segment is expected to hold the largest market share during the forecast period, due to their wide adoption in airports and other transport hubs. The EDS segment is projected to grow at the highest CAGR during the forecast period, owing to its ability to detect a wide range of explosives.
The Asia-Pacific region is expected to be the fastest-growing market for air cargo security screening during the forecast period, due to the increasing trade volume and passenger traffic in this region. The North American region is expected to hold the largest market share during the forecast period, due to stringent government regulations regarding air cargo security.
Covid-19 Impact on Air Cargo Security Screening Market:
As the COVID-19 pandemic continues its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces stay at home, passengers stop traveling, and delay in the delivery of new aircraft. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affects production as in aircraft manufacturing.
Report Includes
An overview of the global Air Cargo Security Screening Market , and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Air Cargo Security Screening market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Air Cargo Security Screening market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Air Cargo Security Screening market for components from 2020 through 2027
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides detailed insights of the market which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Market drivers and challenges
The Air Cargo Security Screening Market is driven by the need to ensure the safety and security of airfreight shipments. The key challenge facing the market is the lack of standardization in security screening procedures, which can lead to delays and disruptions in the supply chain. Other challenges include the high cost of security screening equipment and the need for trained personnel to operate it.
Market trends
The air cargo industry is forecast to grow at a compound annual growth rate (CAGR) of around 5% between 2019 and 2029, according to Market Research Future (MRFR). The key drivers for this market growth are the rise in international trade, the globalization of supply chains, and the increasing demand for just-in-time deliveries.
The global Air Cargo Security Screening Market is further segmented by type into physical screening, explosive detection, and X-ray systems. Of these, the physical screening segment accounted for the largest share of the market in 2018 and is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the stringent regulations regarding air cargo security.
The global Air Cargo Security Screening Market is also segmented by end-user into airports, freight forwarders, and airlines. Of these, airports held the largest share of the market in 2018 and are expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing number of airport expansions and modernizations being undertaken globally.
Segmentation Analysis:
The market for air cargo security screening is segmented by type of product, by end-user, and by geography.
Type of product: The market for air cargo security screening can be segmented into x-ray machines, explosive detection systems, metal detectors, and others.
End user: The market for air cargo security screening can be segmented into airports, airlines, freight forwarders, and others.
Geography: The market for air cargo security screening is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Air Cargo Security Screening Market Competitive Analysis:
The global air cargo security screening market is highly competitive and is expected to witness strong growth in the coming years. There are a number of key players in the global air cargo security screening market, each with its own unique offerings
Key players in the Global Air Cargo Security Screening market are 3DX-RAY (UK), Astrophysics Inc. (US), Autoclear, LLC (US), IDEMIA (France), L3Harris Technologies Inc. (US), Leidos (US), Nuctech Company Limited (China), Rapiscan Systems (US), Smiths Detection Inc. (US), and Teledyne e2v (UK) among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Air Cargo Security Screening market is distributed on the basis of the below-mentioned segments:
Global Air Cargo Security Screening Market, by Component:
• Hardware
• Software
Global Air Cargo Security Screening market, by Operation:
• Automatic
• Manual
Global Air Cargo Security Screening Market, by Type:
• Single View
• Dual View
• 3D View
Global Air Cargo Security Screening Market, by Technology:
• Dual-energy X-ray radiography
• Backscatter X-ray radiography
• pulsed fast neutron analysis (PFNA)
• fast neutron analysis (FNA)
• Thermal Neutron Analysis (TNA)
Global Air Cargo Security Screening Market, by Devices:
• Visual Images Devices
• Explosive Trace Detection (ETD) Devices
• Metal Detection Devices (MD)
• Explosive Detection Devices (EDS)
• Narcotics Detector Devices
• Narcotics detectors
Global Air Cargo Security Screening Market, by Cargo Type:
• Heavy Cargo
• Dangerous Goods
• Small Cargos
• Human Remains
Global Air Cargo Security Screening Market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Air Cargo Security Screening MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Air Cargo Security Screening Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Air Cargo Security Screening Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Air Cargo Security Screening Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Air Cargo Security Screening Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Air Cargo Security Screening Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Air Cargo Security Screening Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
