Press Release

As per the latest report by IMARC Group, the global air cargo security and screening systems market size was estimated to be US$ 607 Million in 2018. Airports are installed with air cargo security and screening systems for inspecting and screening cargo consignments. These systems check for the presence of unlawful or hazardous items in the cargo. They are also utilized to inspect the compliance of a shipment with safety and business protocols. These systems handle large volumes of cargo relatively quickly and more efficiently than manual examination. With the growing number of airlines, along with increasing global trade, the demand for air cargo screening and security systems is being propelled worldwide.

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Air Cargo Security and Screening Systems Market Trends:

One of the key factors driving the market growth is the rising threat of security breaches and terrorist attacks on a global level. As security and screening systems can scan high volumes of cargo in a short time and can effectively detect illegal items including firearms, narcotics and explosives, their demand is steadily increasing. Moreover, these systems are being equipped with advanced technologies to offer improved threat detection capabilities and operational efficiency. For instance, the United States Transportation Security Administration (TSA) has now approved VOTI XR3D-6D X-ray scanner that provides a three-dimensional image which can be viewed and rotated for a more thorough analysis. On account of the aforementioned factors, the market value is projected to reach US$ 832 Million by 2024, expanding at a CAGR of 5.5% during the forecast period (2019-2024).

Market Segmentation:

Market Breakup by Technology

1. X-Ray Systems
2. ETD (Explosive Trace Detection)
3. EDS (Explosive Detection Systems)

Market Breakup by Size of Screening Systems

1. For Small Cargo
2. For Break and Pallet Cargo
3. For Oversized Cargo

Market Breakup by Application

1. Narcotics Detection
2. Explosive Detection
3. Metal and Contraband Detection

Market Breakup by Region

1. North America
2. Asia Pacific
3. Europe
4. Middle East and Africa
5. Latin America

Some of the major players operating in the industry include 3DX-RAY, American Science and Engineering (ASEI), L-3 Communications Security and Detection Systems, Inc, Morpho Detection, LLC, Rapiscan Systems, Armstrong Monitoring, Astrophysics, Inc., CEIA, Autoclear LLC and Gilardoni.

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This post was originally published on Stock Markets News

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