(Aviation-NewsWire.Com, May 12, 2018 ) The Global Air Cargo Screening Systems Market is expected to register a high CAGR during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market, accounting for around one-third of the global market share in 2017.
According to IATA, in 2016, airlines transported 52 million metric tons of goods, representing more than 35% of global trade by value. On average, cargo business generates 9% of airline revenues, representing more than twice the revenues from the first class segment. This increased growth has been fraught with security risks. Since the Yemen printer cartridge plot in 2010, the security of the air cargo supply chain has been under increased scrutiny. Governments have increased their oversight and often require enhanced advance information about cargo transported, and/or have introduced 100% screening requirements for cargo shipments.
The demand for air cargo screening systems is expected to rise through the forecast period owing to growing fleet of e-commerce, which is seen as a future growth driver for the air cargo industry, as online shopping boosts demand for parcel delivery services worldwide.
Technologies in Use
The modern screening methods of today are proficient and powerful in screening high volumes of cargo, thus, boosting the global air cargo screening systems market. The advancements in the modern IT systems are integral for the development of the modern air-cargo screening system. Important technologies, currently in use, include screening systems, based on Explosive Trace Detection (ETD), X-Ray and Explosive Detection System (EDS) technologies.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest market for screening systems and is expected to increase its global market share, over the forecast period. Further, the growth in the region owes to the rising cargo traffic and improving infrastructure, especially, in the emerging economies such as India, China and Indonesia. Africa, currently a small region for the market, is anticipated to record higher growth rates (of more than 8%), by 2021, and emerge as an important aviation hub in the future.
Key Developments in the Market
November 2017: Smiths Detection’s IONSCAN 600 is the first explosives trace detection system to be ‘Approved’ on the TSA air cargo screening technology list (ACSTL) under the latest program requirements to ensure security of cargo aboard airplanes.
January 2017: The British cargo screening systems manufacturer, Smiths Detection, acquired Safran, the US-based Morpho Detection Company.
Reasons to Purchase this Report
The report analyses how the explosive trace detection technology is expected to dominate the global air cargo screening systems market. Analyzing various perspectives of the market with the help of Porter’s five forces analysis Study on the product type that is expected to dominate the market. Study on the regions that are expected to witness fastest growth during the forecast period. Identify the latest developments, market shares and strategies employed by the major market players. 3 months analyst support along with the Market Estimate sheet in excel.
Global Air Cargo Screening Systems Market, Segmented By Geography 7.1. North America
7.1.1. The United States
7.1.2. Canada
7.1.3. Others
7.2. Asia-Pacific
7.2.1. China
7.2.2. Japan
7.2.3. India
7.2.4. Others
7.3. Europe
7.3.1. Germany
7.3.2. United Kingdom
7.3.3. France
7.3.4. Others
7.4. Rest Of The World
7.4.1. Brazil
7.4.2. South Africa
7.4.3. Others
Competitive Landscape 8.1. Introduction
8.2. Market Share Analysis
8.3. Key Players And Developments
Company Profiles 9.1. 3DX-Ray Limited
9.2. Rapiscan Systems
9.3. L3 Security & Detection Systems
9.4. Smiths Detection
9.5. Diagnose
9.6. E2V
9.7. Astrophysics Inc.
9.8. ICTS
9.9. Morpho Detection
9.10. American Science and Engineering
Future Outlook Of The Market Disclaimer Customization of the Report This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
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