Press release
Safeguarding the Skies: Air Cargo Security Screening Systems Market Analysis and Forecast
The primary element anticipated to drive demand for air cargo security screening systems globally is the improved technology and creative designs offered by screening system vendors.Explosive detection technology adoption has been pushed by the growing threat of terrorist-related activities, which is anticipated to fuel the rise of explosive detection applications over the assessment period of 2020 to 2030. By the end of 2030, the market for air cargo security screening systems is expected to be worth more than US$ 1.4 billion.
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Factors Fuelling Growth in Air Cargo Security Screening Systems Market
The air cargo security screening systems market has experienced significant growth in recent years due to several key factors. One of the primary drivers of this growth is the increasing concern over security threats and the need to safeguard air cargo shipments from potential risks such as terrorism, smuggling, and illegal activities. Governments and regulatory bodies around the world have implemented stringent regulations and standards for air cargo security, which has led to the adoption of advanced screening systems to ensure compliance. Additionally, the growth of e-commerce and the rise in global trade have led to an increase in the volume of air cargo shipments, necessitating efficient and effective screening processes to ensure cargo safety.
Key Players:
• L-3 Communications Security & detection system
• Nuctech Company
• Gilardoni S.P.A.
• Costruzioni Elettroniche Industriali Automatismi S.p.A.
• Smiths Detection
• Rapiscan System
• Implant Sciences Corporation
• Safran Identity and Security SAS
• American Science and Engineering, Inc.
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Key Takeaways from Air Cargo Security Screening Systems Market Study
• Throughout the predicted era, explosives detection system adoption will be very high.
• During the assessment period, the drugs detection technology segment is anticipated to experience significant revenue growth.
• Over the course of the assessment period, a reasonably high CAGR is predicted for the metal and other contraband detection category.
• The main international markets for air cargo security screening systems will still be North America, Europe, and Asia Pacific.
"The COVID-19 outbreak has led to lockdowns and restrictions on trade and travel, which will hamper normal market growth in the short term," says a PMR analyst.
Key Trends in Air Cargo Security Screening Systems Market
As of my knowledge cutoff date in September 2021, the following are some key trends in the air cargo security screening systems market:
1. Adoption of Advanced Screening Technologies: Air cargo security screening systems are constantly evolving with the adoption of advanced technologies such as computed tomography (CT) scanners, X-ray scanners with dual-energy imaging, and explosive trace detection (ETD) systems. These technologies offer higher levels of accuracy and efficiency in detecting potential threats and contraband in air cargo shipments, thereby enhancing overall security and safety.
2. Increased Focus on Regulatory Compliance: Regulatory bodies such as the International Civil Aviation Organization (ICAO), the Transportation Security Administration (TSA), and the European Civil Aviation Conference (ECAC) continue to revise and update regulations and standards related to air cargo security screening. Market trends show an increased focus on meeting these regulatory requirements, including the implementation of standardized screening processes and equipment to ensure compliance and mitigate security risks.
3. Integration of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies are being integrated into air cargo security screening systems to improve threat detection capabilities. These technologies enable automated analysis of large volumes of data, real-time monitoring, and predictive analytics, which can enhance the accuracy and efficiency of security screening processes, reduce false alarms, and improve overall operational effectiveness.
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Key Questions Answered in This Report.
• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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