Air Cargo Screening Systems Industry to Grow 5-8% Over Next Five Years: Report

by Ruth Seeley

The Air Cargo Screening Systems market worldwide is projected to grow at a CAGR of 5.8% overall by 2025, with the U.S. maintaining 5% growth, while China’s may reach 8% over the next couple of years.

Reportlinker’s latest report indicates the sector should grow by US$461.6 million, while Narcotics Detection, one of the segments analyzed and sized in the study, displays the potential to grow at over 5.4% and is poised to reach US$335.8 million by the year 2025. This should add significant momentum to global growth.

Within Europe, which continues to remain an important element in the world economy, Germany will add over US$16.3 million to the region’s size and clout in the next five to six years. Over US$14.3 million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Narcotics Detection will reach a market size of US$12.5 million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China should add approximately US$122.6 million in terms of addressable opportunity. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. The research viewpoints are based on validated engagements from influencers in the market.

Competitors identified in this market include

  • 3DX-Ray Ltd.
  • American Science and Engineering, Inc. (AS&E)
  • Astrophysics, Inc.
  • Autoclear LLC
  • CEIA USA Ltd.
  • Gilardoni SpA
  • L3 Security & Detection Systems, Inc.
  • Nuctech Co., Ltd.
  • Smiths Detection, Inc.

Security challenges at airports, security threats facing air cargo, the booming e-commerce sector, rebounding global trade, narcotics smuggling, and the need for explosives trace detection systems are all factors driving growth in this market.

The report looks at the increasing role of canine teams in air cargo screening, technology adoption, and how AI and bluetooth will transform the air cargo screening process and breaks down global sales by region and country.

Source: Reportlinker


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