Air Cargo Security Equipment Market

28 Feb

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Air Cargo Security Equipment Market Poised to Grow at a CAGR of 6.5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Air Cargo Security Equipment Market. The report presents analysis of global as well as regional markets of air cargo security equipment market over the period of 2018 to 2024. Air cargo is any property carried or to be carried in an aircraft. Air cargo comprises airfreight, air express, and airmail. Air Cargo Handling Process belongs to core business processes irrespective of the airport itself conducts it or it is managed by a specialized organization in the opened market conditions. Air cargo security equipment systems are machines that are used for scanning parcels and detect hidden illegal items in the containers that are transported through flights. These systems help in detecting threats, knives, contraband, explosive, weapons, firearms, and narcotics. The systems are used for various applications such as advanced personnel screening, air cargo security screening, aviation checkpoint solutions.

 

Growth in the OEM suppliers drives the growth of the air cargo security equipment market. In addition, increasing adoption of X-ray technologies for the usage of security system is boosting the growth of the cargo security equipment market. On the other hand, increasing threat of terror-related activates and smuggling has advised airport authorities to adopt explosive detection technology. However, High cost of the screening systems and lack of awareness regarding the benefits of using the sophisticated air cargo security equipment are likely to restrain the growth of the Air cargo security equipment market. Furthermore, advanced technologies with innovative designs are providing several growth opportunities for the key players in the air cargo security equipment market over the years to come. Moreover, growing investment by various state governments in up-gradation of existing security technology and detect newly innovated chemical bases explosives is anticipated to have positive impact on the overall market.

 

Among the geographies, Asia Pacific dominated the global air cargo security equipment market in terms of revenue followed by Europe and North America. The growth in the Asia Pacific region is due to the introduction of new screening technology devices and advanced security equipment. Moreover, European legislature has enforced 100% cargo screening on all passenger flights from Europe. The Middle East is witnessing growth in infrastructure development and targeting new airports and terminals in the region of main airport hubs. Moreover, Middle Eastern air cargo carriers have maintained strong performance and witnessed increased air cargo volume. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global air cargo security equipment market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global air cargo security equipment market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1676

 

The recent report identified that Asia Pacific dominated the global air cargo security equipment market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the air cargo security equipment market worldwide.

 

The report segments the global air cargo security equipment market on the basis of Product Type and  Application.

 

Global Air Cargo Security Equipment Market by Product Type

·         Human-heartbeat Detection Systems

·         X-ray Systems

 

Global Air Cargo Security Equipment Market by  Application

·         Aviation Checkpoint Solutions

·         Air Cargo Security Screening

·         Advanced Personnel Screening

 

Companies Profiled in the Report

·         Smiths Detection Inc.

·         Rapiscan Systems

·         Nuctech Company Limited

·         L3 Security & Detection Systems

·         Gilardoni S.P.A.

·         ENSCO, Inc.

·         EAS Envimet Group

·         C.E.I.A. SpA

·         American Science and Engineering, Inc.

·         ADANI

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.