Press release
Air Cargo Security Screening Systems Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights
Persistence Market Research projects the global air cargo security and screening systems market to see moderate growth through 2024; the market is expected to reach a value of US$ 1,622.8 Mn by 2024-end.“Air Cargo Security & Screening Systems Market: Global Industry Analysis and Forecast, 2016–2024” is a recent market report outlook published by Persistence Market Research that examines the global air cargo security and screening systems market for an eight-year period, 2016-2024. Persistence Market Research provides key insights into market dynamics, segmentation, regional outlook, and key players, delivering key market value estimations.
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“Expanding at a compound annual growth rate of over 6%, the US$ 1.0 Bn air cargo security and screening systems market is likely to reach US$ 1.62 Bn by the end of 2024."
Research Findings: Key Market Players & Potential Growth Opportunities
L-3 Communications Security and Detection Systems, Inc. is one of the key players participating in the global air cargo security and screening systems market. The company is also one of the key defense contractors for the U.S. Government, and is currently focusing on strategic acquisitions and partnerships in order to enhance the global market presence.
Another notable company in the competitive landscape is Rapiscan Systems, Inc. This player strives to sustain a strong global presence through cost-effective product offerings and consistent innovation. Smiths Detection Inc. is emphasizing partnerships with private airlines.
While Safran Identity & Security specializes in extensive air cargo screening products portfolio, Gilardoni S.P.A. is recognized for a broad range of customized security and screening solutions.
Some of other key companies in the global air cargo security and screening systems marketplace, include Costruzioni Elettroniche, Industriali Automatismi S.p.A., Implant Sciences Corporation, American Science and Engineering, Inc., and Nuctech Company Limited.
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According to regional analysis, Persistence Market Research concludes that North America, Europe, and Asia Pacific will remain the key markets for air cargo security and screening systems globally. North America is likely to witness the fastest growth at a CAGR of 7.1%, followed by APAC that will possibly witness expansion at a CAGR of 6.2% over 2016-2024.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Our offerings include pre-built reports that address every major sale, customized solutions to cater to client-specific needs, and consulting services to offer more value addition. Our next-generation research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market.
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