Pune, India -- (SBWIRE) -- 08/10/2018 -- Air Cargo Security Screening Market Highlights
Market Research Future Published a Cooked Research Report on Global Air Cargo Security Screening Market. 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.
Air Cargo Security Screening Market Competitive Landscape
This report includes a study of strategies of major market players in the Global Air Cargo Screening System Market include 3DX-RAY, American Science and Engineering, L-3 Security & Detection Systems, Morpho Detection, Rapiscan Systems,Armstrong Monitoring, Astrophysics, AUTOCLEAR, CEIA, and Gilardoni.
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In 2013, terrorist attacks increased by 43% worldwide; 17,891 people were killed and 32,577 were wounded globally in terror attacks. Air cargo industry is also a huge target for terror attacks. For example, in 2010, two packages shipped from Yemen to Chicago were discovered to contain explosive materials. The packages contained printer cartridges filled with explosive materials. Hence, there is an increased implementation and use of air cargo security and screening systems globally.
After the 9/11 attack in the U.S., security measures have been implemented globally to address new and increased security threats. This has resulted in the upgrading of security infrastructure and new advanced technological systems. With an increase in air cargo traffic and security risks, stakeholders are under the increasing pressure of implementing state-of-the-art technologies that enhance screening and surveillance. Neutron and X-ray radiography-based technologies could suit the growing needs for air cargo screening.
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 Air Cargo Security Screening 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.
The increased level of threat regarding air cargo shipments globally necessitates the need for reliable air cargo security and screening systems. Furthermore, air cargo regulation mandating 100% air cargo screening in the U.S. domestically, as well as the possibility of similar regulations for global trade partners, has also catalyzed the market.
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- Distributor & Supplier companies
- Consultants and Investment Bankers
- Government as well as Independent Regulatory Authorities
Major Table of Contents :
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Air Cargo Security Screening Market: by Region, 2016-2023
Table 2 North America Air Cargo Security Screening Market: by Country, 2016-2023
Table 3 Europe Air Cargo Security Screening Market: by Country, 2016-2023
Table 4 Asia Pacific Air Cargo Security Screening Market: by Country, 2016-2023
Table 5 Row Air Cargo Security Screening Market: by Country, 2016-2023
Table 6 Global Air Cargo Security Screening Market, by Technology, by Regions, 2016-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
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