Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on air cargo security equipment market provides an in-depth analysis of segments and sub-segments in global as well as regional air
cargo security equipment market. The study also highlights the impact of
drivers, restraints and macro indicators on the global and regional air cargo
security equipment market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of global
air cargo security equipment market. According to the report the global air cargo
security equipment market is projected to grow at a CAGR of 6.5% over the forecast
period of 2018-2024.
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, explosives, 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 drive the growth of the air cargo security equipment market. In
addition, increasing adoption of X-ray technologies for the usage of the 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, The 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 a 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, the 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.
The report on global air cargo
security equipment market covers segments such as product type and application.
On the basis of product type, the global air cargo security equipment market is
categorized into human-heartbeat detection systems and x-ray systems. On the
basis of application the global air cargo security equipment market is
categorized into aviation checkpoint solutions, air cargo security screening
and advanced personnel screening.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it
is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets
such as India and China. The APAC region is projected to experience growth at
a CAGR of x.x% over the period of 2016-2024.
The report provides profiles of
the companies in the global air cargo security equipment market such as 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. and ADANI.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global air cargo security equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of air cargo security equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the air cargo security equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the air cargo security equipment market to understand the present and future trends in this market and formulate their strategies accordingly.
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