Air Cargo Security Screening Market Share, Trend, Industry Update, Business Statistics and Research Methodology by Forecast to 2029

The global air cargo security screening market size is anticipated to rapidly expand owing to the rapidly increasing number or air passengers worldwide, observes Fortune Business Insights™ in its report titled "Air Cargo Security Screening Market, 2022-2029."

With economies developing and incomes rising worldwide, air travel has evolved from being a luxury just a few decades ago to being a necessity in present times. The changing trends are reflected in the data released by the International Civil Aviation Organization (ICAO) on air travel. In 2019, the ICAO data show that the total number of air passengers increased 3.6% from 2018 levels, reaching 4.5 billion. As air travel becomes commonplace for a large chunk of the global population, the need for tight security measures at airports has become direr in recent times, accentuated by the increasing threat of terrorist activities. Air cargo security screening has emerged as the foremost detection system deployed by airfield administrations for examining cargo deliveries. This security system is extensively utilized to identify the presence of explosives, biological weapons, radioactive instruments, and chemicals in luggage items. Thus, the growing demand for air transportation will augur well for this market during the forecast period.

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https://www.fortunebusinessinsights.com/air-cargo-security-screening-market-104047

Segments

Based on cargo type, the market is divided into heavy cargo, dangerous goods, live animals, human remains, and others. On the basis of system, it is segregated into x-ray, Explosive Detection System (EDS), and Explosive Trace Detection (ETD). Geographically, it is grouped into North America, Europe, Asia Pacific, and the Middle East & Africa.

Drivers and Restraints

Development of Advanced Cargo Screening Solutions to Boost the Market

Air cargo security screening is a critical component in airport safety operations as they empower ground officials to effectively and efficiently screen passengers and flag suspicious items. Many technology companies are looking to capture the growing demand for advanced cargo screening solutions. For example, in April 2021, Smiths Detection introduced a new algorithm for lithium batteries for its checked-baggage screening and dual-view air cargo system, the HI-SCAN 10080 EDX-2is. The algorithm has been formulated to enable the automatic flagging of lithium batteries across all freight screened for explosives. Similarly, in August 2021, ZIM launched the AI-powered ZIMGuard system that is capable of detecting and identifying undeclared hazardous cargo in real-time. Thus, the introduction of such intelligent freight screening solutions is playing a stupendous role in brightening the outlook of this market.

Regional Insights

Strong Presence of Key Players in North America to Favor Market Growth

North America is anticipated to dominate the air cargo security screening market share during the upcoming years due to the strong foothold of numerous companies such as Astrophysics Inc., Autoclear LLC, and others, in the region. Further, unwavering financial backing by governments in the region for devising sophisticated cargo security systems is also expected to fuel market growth.

The Asia Pacific region is expected to capture a humongous market share during the foreseeable future due to the rising monetary investments by developing countries to construct smart airstrips. The logistics sector is also showcasing significant development in the region and propelling market growth.

Supported by the increasing implementation of security systems in e-commerce and warehouses combined with the prominence of major players, the demand for air cargo security screening technologies is set to skyrocket across Europe.

Competitive Landscape

Key Companies to Engage in Developing Cost-Effective Aerial Security Systems

Some companies in the market have signed contracts for certain ventures to provide practical solutions to ensure the safety of air freight. For example, flight services across the globe have signed contracts to deliver exceptional solutions for truck handling, provision of special product services, and management of air cargo security screening services in Brussels Airport in Belgium for Air France KLM Martinair Cargo. Moreover, key players have prioritized the development of economically priced Computed Tomography instruments for monitoring cargo loaded and unloaded to and from aircraft carriers.

Industry Development

September 2020: OSI Systems signed an agreement worth USD 3 million with DHL Hub Leipzig GmbH for providing Rapiscan RTT 110 and Rapiscan Orion 927DX aerial security screening instruments.

List of Key Players Covered in the Air Cargo Security Screening Market Report

3DX-RAY
Astrophysics Inc.
Autoclear, LLC
IDEMIA
L3Harris Technologies Inc.
Leidos
Nuctech Company Limited
Rapiscan Systems
Smiths Detection Inc
Teledyne e2V