Global Air Cargo Security Equipment Market Projected to Reach US$ 28,786.5 mn by 2025

Albany, USA, 2018-Oct-23 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Air Cargo Security Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Air Cargo Security Equipment Market have been elaborated upon in the research report.

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Air cargo security equipment systems are machines which are used for scanning parcels and detect hidden illegal items in the containers that are transported through flights. These equipment help in offering high level of security for cargo and allows identification and screening of packages containing explosives, chemicals, liquid materials or human presence. These systems help in detecting threats, knives, contraband, explosive, weapons, firearms and narcotics. Additionally, these equipment also detects individuals by sensing the human heartbeat through its vibrations which are hidden in containers or vehicles and loaded on vehicles. The systems is used for various application such as advanced personnel screening, air cargo security screening, aviation checkpoint solutions. The global air cargo security equipment market is anticipated to expand at a CAGR of 6.2% during the forecast period from 2017 to 2025 to reach US$ 28,786.5 mn by 2025.

In 2016, the global air cargo security equipment market volume was pegged at 2,380.8 thousand units. Demand for air cargo security equipment from automotive, defense and aerospace, manufacturing sectors has increased in the last few years. Furthermore, in the coming years, the market for air cargo security screening and aviation checkpoint solutions application is expected to experience a faster growth. This is due to the increased adoption x-ray technology for usage of security systems for explosive and narcotic trace detection. This trend is expected to boost the air cargo security equipment market over the coming years. However, the market also faces certain drawbacks. A major factor restraining the growth of this market is the high cost of screening systems and bulk screening while operating air cargo security equipment.

X-Ray Systems Emerge as Key Elements of Air Cargo Security Equipment Market

The air cargo security equipment market is segmented on the basis of product type, application, and region. On the basis of product type, the market is classified as x-ray systems, human-heartbeat detection systems, and others. Application of air cargo security equipment market includes advanced personnel screening, air cargo security screening, aviation checkpoint solutions, and others. In 2016, x-ray systems segment accounted for more than half of the share contributing to US$ 7,352.5 mn of revenue. It is also expected to hold maximum market share in 2025 growing at 7.3% CAGR during the forecast period. This is mainly due to the rising demand for implementing modern screening technology, and increase in the air cargo security layers.

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Asia Pacific to Hold the Largest Share in Global Air Cargo Security Equipment Market

In terms of application, in 2016, air cargo security screening segment accounted for more than 30% share of the total market share. This segment is anticipated to grow at a CAGR of 6.6% during the forecast period. This is mainly due to the rising use of x-ray radiations that have the ability to scan items underneath several layers of materials, which makes them more reliable in scanning both people and products. This are expected to be a foremost factor that will provide for the constant demand for x-ray security systems during the forecast period. Aviation checkpoint solutions segment is the second largest shareholding segment which is predicted to grow at the CAGR of 6.4% during the forecast period. By region, Asia Pacific region held the largest share as it accounts for more than 25% share in the global market followed by Europe and North America. This is mainly due to introduction of new screening technologies and human presence detector system for more robust security in airports.

Companies are majorly focus on technology innovation and investing in new product type to manufacture advance air cargo security equipment. This would be beneficial to the growth of the air cargo security equipment market. Some of the key players operating in the global air cargo security equipment market include ADANI, American Science and Engineering, Inc., C.E.I.A. S.P.A., EAS Envimet Group, ENSCO, Inc., Gilardoni S.P.A., L3 Security & Detection Systems, Nuctech Company Limited, Rapiscan Systems, and Smiths Detection Inc.

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