Air Cargo Security Screening Market is Expected to Grow at a CAGR of 6% by 2021

PUNE, India, 2017-Jun-29 — /EPR Network/ — Market Synopsis of Air Cargo Security Screening:

The global Air Cargo Screening System market is expected to grow at a CAGR of around 6% during 2016-2021. The factors driving the market are measures taken to counter air cargo security threats, strict regulation to perform standard practice, and integration of best in class technology at all major airports.

Asia Pacific is the leading market and is expected to grow at a CAGR of 6% in the forecast period, followed by EMEA and Americas. Many prominent and well-established cargo operators now have strong presence in the APAC region. Along with an increase in air cargo traffic and the launch of new airports, the APAC region is also investing in state-of-the-art technologies; for example, the utilization of cargo screening technology based on neutron and X-ray radiography.

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Key Player of Air Cargo Security Screening Market:

  • 3DX-RAY
  • American Science and Engineering
  • L-3 Security & Detection Systems
  • Morpho Detection, Rapiscan Systems
  • Armstrong Monitoring
  • Astrophysics
  • AUTOCLEAR
  • CEIA
  • Gilardoni

Key Findings

In 2015, APAC lead the market with 36% of market share, followed by  Americas and EMEA

In terms of value, air cargo amount to a third of the total international cargo shipments. More goods are being traded internationally, with majority of the growth coming from the emerging markets in the APAC.

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