Air Cargo Security Screening Market 2018 Global Industry Analysis By 3DX-RAY, AS&E, L-3, Morpho Detection, Rapiscan, Astrophysics, CEIA, Gilardoni and Others

Global Air Cargo Security Screening Market Report Information by System (Explosive Trace Detection (ETD), X-Ray, and Explosive Detection System (EDS)), by Cargo Type (Heavy Cargo, Dangerous Goods, Live Animals, Human Remains, and Others), and by Region - Forecast to 2023

The global air cargo security screening market is estimated to grow at a CAGR over 6% during the forecast period of 2017-2023.

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Market Scenario:

Security checks for cargo shipments are traditionally carried out through physical inspection or by canine method (threat detection dogs). However, along with the increase in global air cargo traffic, there is an increased need for effective air cargo security and screening systems. Adoption of new sophisticated air cargo screening technologies has increased, which are more efficient and effective in screening a large volume of cargo. Moreover, advanced air cargo screening systems provide enhanced threat detection capability. Key screening systems, currently in use, include screening systems based on X-ray, ETD, and EDS technologies.

Along with the increased air cargo volume, dedicated air cargo terminals are being built (for example, in emerging countries such as India). In order to expedite the air cargo screening process and handle security threats effectively, new cargo terminals increasingly use the advanced air cargo screening systems. Furthermore, there are new standards and recommended practices by the ICAO, that require member nations to establish a system to secure the air cargo supply chain, resulting in the need for sophisticated air cargo security and screening systems.

The global air cargo industry shows a strong growth trend. To change the growth into a steady profit, the air cargo industry is investing in efficient air cargo screening processes and facilities. Efficient air cargo screening systems are one of the major factors that help to enhance the screening efficiency and reduce security threats. Considering the volume of air cargo traffic, diversity of origins, and the varying nature of commodities, air cargo remains a high target for terrorist attacks. In order to tackle such threats, most of the countries and global organizations have strengthened the requirement for air cargo security screening, and new rules and regulations have also been implemented. Greater importance has been given to new sophisticated and efficient air cargo security and screening systems.

In 2013, terrorist attacks increased by 43% worldwide; 17,891 people were killed and 32,577 were wounded globally in terror attacks. Air cargo industry is also a huge target for terror attacks. For example, in 2010, two packages shipped from Yemen to Chicago were discovered to contain explosive materials. The packages contained printer cartridges filled with explosive materials. Hence, there is an increased implementation and use of air cargo security and screening systems globally.

After the 9/11 attack in the U.S., security measures have been implemented globally to address new and increased security threats. This has resulted in the upgrading of security infrastructure and new advanced technological systems. With an increase in air cargo traffic and security risks, stakeholders are under the increasing pressure of implementing state-of-the-art technologies that enhance screening and surveillance. Neutron and X-ray radiography-based technologies could suit the growing needs for air cargo screening.

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Key Players

The key players in this market are 3DX-RAY (U.K), American Science and Engineering (U.S.), L-3 Security & Detection Systems (U.S.), Morpho Detection (U.K), Rapiscan Systems (U.S.), Armstrong Monitoring (Canada), Astrophysics (U.S.), CEIA (U.S.), Autoclear (USA), and Gilardoni (Italy).

Intended Audience

• Distributor & Supplier companies
• End-Users
• Consultants and Investment Bankers
• Government as well as Independent Regulatory Authorities

Regional Analysis

Large volume of air cargo traffic, along with very strict air cargo security laws, mainly in the U.S., makes the Americas a prime market for air cargo security and screening systems. In terms of air cargo traffic, air cargo security and screening systems market in Americas (particularly North America) is a developed market with the existence of huge domestic air cargo traffic volume. This along with the strict air cargo security and screening requirements, mainly in the U.S., drive the demand for air cargo screening systems.

South America is a rapidly growing market (in comparison to North America), which positions the region as a considerable growth venue for the air cargo security and screening systems market in the Americas.

Europe is a developed and mature market, with its air cargo traffic projected to grow at an average annual rate of 3.5% until 2023. The Middle East & Africa are rapidly growing markets in the EMEA region. Air cargo traffic (RTKs) will likely grow at 5.9% in the Middle East and at 6.1% in Africa, respectively, until 2023. The Middle East is also witnessing growing investment in infrastructure development (including air cargo security screening systems), targeting new airports and terminals in the region's main airport hubs. Middle Eastern air cargo carriers have maintained strong performance and witnessed increased air cargo volume. The Middle East's efficient air cargo hubs have also emerged as international platforms for long-haul cargo shipments.

The market is highly competitive. There is strong competition among existing vendors, in terms of cost, product quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for the vendors to provide cost-effective and high-quality air cargo screening systems.

The increased level of threat regarding air cargo shipments globally necessitates the need for reliable air cargo security and screening systems. Furthermore, air cargo regulation mandating 100% air cargo screening in the U.S. domestically, as well as the possibility of similar regulations for global trade partners, has also catalyzed the market.

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Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues...

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