Global Air Cargo Security Equipment Market: Overview
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.
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.
Global Air Cargo Security Equipment Market: Snapshot
The air cargo security Equipment market report provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and services playing a key role in air cargo security equipment market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the air cargo security equipment market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn) and Volume (Thousand Units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the air cargo security equipment market, globally. A marketing strategy analysis, cost analysis, has been provided globally in the report. Moreover, the report provides an overview of the various strategies of key players present in the market. Market definition and introduction chapter helps in understanding different trends and services of air cargo security equipment along with their types and application which are included in the report.
Global Air Cargo Security Equipment Market: Segmentation
The report segments the global air cargo security equipment market on the basis of product type into x-ray systems, human-heartbeat detection systems, and others. By Application, the market has been classified into advanced personnel screening, air cargo security screening, aviation checkpoint solutions, and others. Thus, the report provides in-depth cross-segment analysis of the air cargo security equipment market region wise and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
The report also highlights the competitive landscape of the air cargo security equipment market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive air cargo security equipment market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the air cargo security equipment market’s growth.
Global Air Cargo Security Equipment Market: Regional Outlook
On the basis of country, North American market is divided into The U.S., Canada, and rest of North America. Similarly, Europe market is divided into Germany, U.K., France, and Rest of Europe. Asia Pacific has been segmented into China, Japan, India, Southeast Asia, and Rest of Asia Pacific. Middle East and Africa covers the G.C.C. Countries, South Africa and Rest of Middle East and Africa. Similarly, South America region includes Brazil, and Rest of South America. This report provides all the essential information required to understand the air cargo security equipment and its types and application. Also, the report provides insights related to the product type and different application according to the various geographical regions mentioned above. These policies and regulations are directly or indirectly influencing the air cargo security equipment market. Furthermore, porter’s five forces analysis explains the factors which are currently affecting the air cargo security equipment market. This report also provides the value chain analysis for the air cargo security equipment which explains the participants of the value chain.
Global Air Cargo Security Equipment Market: Competitive Landscape
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. are some of the major players operating within the global air cargo security equipment market profiled in this study. Details such as financials, business strategies, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Air Cargo Security Equipment Market
By Product Type
- X-ray Systems
- Human-heartbeat Detection Systems
- Advanced Personnel Screening
- Air Cargo Security Screening
- Aviation Checkpoint Solutions
- North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America