Pune, India -- (SBWIRE) -- 05/29/2018 -- Market Highlights:
Security checks for cargo shipments are traditionally carried out through physical inspection or by canine method (threat detection dogs). However, along with the increase in global air cargo traffic, there is an increased need for effective air cargo security and screening systems. Adoption of new sophisticated air cargo screening technologies has increased, which are more efficient and effective in screening a large volume of cargo. Moreover, advanced air cargo screening systems provide enhanced threat detection capability. Key screening systems, currently in use, include screening systems based on X-ray, ETD, and EDS technologies.
Along with the increased air cargo volume, dedicated air cargo terminals are being built (for example, in emerging countries such as India). In order to expedite the air cargo screening process and handle security threats effectively, new cargo terminals increasingly use the advanced air cargo screening systems. Furthermore, there are new standards and recommended practices by the ICAO, that require member nations to establish a system to secure the air cargo supply chain, resulting in the need for sophisticated air cargo security and screening systems.
The global Air Cargo Security Screening Market shows a strong growth trend. To change the growth into a steady profit, the air cargo industry is investing in efficient air cargo screening processes and facilities. Efficient air cargo screening systems are one of the major factors that help to enhance the screening efficiency and reduce security threats. Considering the volume of air cargo traffic, diversity of origins, and the varying nature of commodities, air cargo remains a high target for terrorist attacks. In order to tackle such threats, most of the countries and global organizations have strengthened the requirement for air cargo security screening, and new rules and regulations have also been implemented. Greater importance has been given to new sophisticated and efficient air cargo security and screening systems.
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American Science and Engineering (U.S.),
L-3 Security & Detection Systems (U.S.),
Morpho Detection (U.K),
Rapiscan Systems (U.S.),
Armstrong Monitoring (Canada),
Autoclear (USA), and Gilardoni (Italy).
Large volume of air cargo traffic, along with very strict air cargo security laws, mainly in the U.S., makes the Americas a prime market for air cargo security and screening systems. In terms of air cargo traffic, air cargo security and screening systems market in Americas (particularly North America) is a developed market with the existence of huge domestic air cargo traffic volume. This along with the strict air cargo security and screening requirements, mainly in the U.S., drive the demand for air cargo screening systems.
South America is a rapidly growing market (in comparison to North America), which positions the region as a considerable growth venue for the air cargo security and screening systems market in the Americas.
Europe is a developed and mature market, with its air cargo traffic projected to grow at an average annual rate of 3.5% until 2023. The Middle East & Africa are rapidly growing markets in the EMEA region. Air cargo traffic (RTKs) will likely grow at 5.9% in the Middle East and at 6.1% in Africa, respectively, until 2023. The Middle East is also witnessing growing investment in infrastructure development (including air cargo security screening systems), targeting new airports and terminals in the region's main airport hubs. Middle Eastern air cargo carriers have maintained strong performance and witnessed increased air cargo volume. The Middle East's efficient air cargo hubs have also emerged as international platforms for long-haul cargo shipments.
The market is highly competitive. There is strong competition among existing vendors, in terms of cost, product quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for the vendors to provide cost-effective and high-quality air cargo screening systems.
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