The latest report on Air Cargo Security Equipment Market by Infinium Global Research gives complete coverage of the air cargo security equipment market by product type (human-heartbeat detection systems and x-ray systems), application (aviation checkpoint solutions, air cargo security screening, and advanced personnel screening) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of air cargo security equipment such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Growth in the OEM Suppliers Drive the Growth of the Air Cargo Security Equipment Industry
Air cargo is any property carried or to be carried in an aircraft. Air cargo comprises air freight, air express, and airmail. Air Cargo Handling Process belongs to core business processes irrespective of the airport itself conducts it or it is managed by a specialized organization in the opened market conditions.
Air cargo security equipment systems are machines that are used for scanning parcels and detect hidden illegal items in the containers that are transported through flights. These systems help in detecting threats, knives, contraband, explosives, weapons, firearms, and narcotics. The systems are used for various applications such as advanced personnel screening, air cargo security screening, aviation checkpoint solutions.
Growth in the OEM suppliers drives the growth of the air cargo security equipment market. In addition, increasing the adoption of X-ray technologies for the usage of the security system is boosting the growth of the cargo security equipment market. On the other hand, increasing the threat of terror-related activates and smuggling has advised airport authorities to adopt explosive detection technology. However, The high cost of the screening systems and lack of awareness regarding the benefits of using the sophisticated air cargo security equipment are likely to restrain the growth of the air cargo security equipment market.
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Cargo Carriers have Maintained Strong Performance and Witnessed Increased Air Cargo Volume
Furthermore, advanced technologies with innovative designs are providing several growth opportunities for the key players in the air cargo security equipment market over the years to come. Moreover, growing investment by various state governments in up-gradation of existing security technology and detect newly innovated chemical bases explosives is anticipated to have a positive impact on the overall market.
Among the geographies, Asia Pacific dominated the global air cargo security equipment market in terms of revenue followed by Europe and North America. The growth in the Asia Pacific region is due to the introduction of new screening technology devices and advanced security equipment. Moreover, the European legislature has enforced 100% cargo screening on all passenger flights from Europe. The Middle East is witnessing growth in infrastructure development and targeting new airports and terminals in the region of main airport hubs. Moreover, Middle Eastern air cargo carriers have maintained strong performance and witnessed increased air cargo volume.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the air cargo security equipment.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.