Air Cargo Security and Screening Systems Market to Record an Impressive Growth Rate US$ 1,622.8 Million by 2024

Global Market Study on Air Cargo Security & Screening
Systems: Explosive Detection Application Segment Projected
to be the Most Attractive Segment Throughout the Forecast
Period

P e r s i s t e n c e M a r k e t R e s e a r c h
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Air Cargo Security & Screening Systems Market 2016 - 2024

P e r s i s t e n c e M a r k e t R e s e a r c h
Report Media Releases
Adoption of Explosives Detection Systems to Remain High
in Air Cargo Security & Screening Systems Market
Persistence Market Research projects the global air cargo security and screening systems
market to see moderate growth through 2024; the market is expected to reach a value of
US$ 1,622.8 Mn by 2024-end.
“Air Cargo Security & Screening Systems Market: Global Industry Analysis and Forecast, 2016–
2024” is a recent market report outlook published by Persistence Market Research that
examines the global air cargo security and screening systems market for an eight-year period,
2016-2024. Persistence Market Research provides key insights into market dynamics,
segmentation, regional outlook, and key players, delivering key market value estimations.
A sample of this report is available upon request @
http://www.persistencemarketresearch.com/samples/3651
“Expanding at a compound annual growth rate of over 6%, the US$ 1.0 Bn air cargo security
and screening systems market is likely to reach US$ 1.62 Bn by the end of 2024."
Research Findings: Key Market Drivers
•Surging adoption of X-ray-based screening systems and explosive detection technologies by
airport authorities is identified to be the primary factor driving the market growth.
•Growing usage of advanced screening technologies and rapidly increasing infrastructure
development of air cargo terminals and security checks at airports, will continue to push the
revenue sales of air cargo security and screening systems further.
•Rising security concerns, coupled with increasing implementation of new standards and
regulations, are likely to favor the market growth over the forecast period.
Research Findings: Key Market Players & Potential Growth Opportunities
L-3 Communications Security and Detection Systems, Inc. is one of the key players
participating in the global air cargo security and screening systems market. The company is
also one of the key defense contractors for the U.S. Government, and is currently focusing on
strategic acquisitions and partnerships in order to enhance the global market presence.
Another notable company in the competitive landscape is Rapiscan Systems, Inc. This player
strives to sustain a strong global presence through cost-effective product offerings and
consistent innovation. Smiths Detection Inc. is emphasizing partnerships with private airlines.
Air Cargo Security & Screening Systems Market 2016 - 2024

P e r s i s t e n c e M a r k e t R e s e a r c h
While Safran Identity & Security specializes in extensive air cargo screening products
portfolio, Gilardoni S.P.A. is recognized for a broad range of customized security and
screening solutions.
Some of other key companies in the global air cargo security and screening systems
marketplace, include Costruzioni Elettroniche, Industriali Automatismi S.p.A., Implant
Sciences Corporation, American Science and Engineering, Inc., and Nuctech Company
Limited.
•Several governments and airport authorities are collectively taking efforts to develop
separate, dedicated air cargo terminals for enhanced security, which will create lucrative
opportunities for companies in near future.
•In addition, strategic supply chain partnerships and IATA-collaborations will potentially help
companies to grow sustainably.
•Moreover, elevated investments by aviation authorities to install advanced security and
screening systems are likely to play a pivotal role in growth of the top companies operating
in the market.
•Persistence Market Research identifies that partnerships between customs authorities and
trading communities of different countries in a bid to manage aviation security risks, will
significantly contribute to the growth of key global as well as domestic players.
Global Air Cargo Security and Screening Systems Market: Segmentation
Depending on the size of screening systems, the global market for air cargo security and
screening systems is segmented into:
•Screening systems for small parcel
•Screening systems for break & pallet cargo
•Screening systems for oversized cargo
Break and pallet screening systems will remain the dominant segment, reaching a value of
US$ 998 Mn by 2024 end, followed by small parcel segment. By 2024 end, the former will
account for over 61% share of the market value.
By technology, the market is classified as:
•Narcotics trace detectors
•Non-computed tomography
•Explosives detection systems
Explosives detection will continue to be the largest technology segment, closely followed by
non-computed tomography segment. Both the segments will capture over 37% shares in
2024.
Air Cargo Security & Screening Systems Market 2016 - 2024

P e r s i s t e n c e M a r k e t R e s e a r c h
Based on the application, the market is segmented into:
•Narcotics detection
•Metal & contra band detection
•Explosives detection
Explosives detection will remain the top application segment, followed by metal and contra
band detection segment. Explosives detection is expected to witness a gain of a whopping
480 BPS during the assessed period.
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Global Air Cargo Security and Screening Systems Market: Regional Outlook
According to regional analysis, Persistence Market Research concludes that North America,
Europe, and Asia Pacific will remain the key markets for air cargo security and screening
systems globally. North America is likely to witness the fastest growth at a CAGR of 7.1%,
followed by APAC that will possibly witness expansion at a CAGR of 6.2% over 2016-2024.
By 2024 end, North America will represent over 32% share of the total market revenues,
whereas Europe is anticipated to account for over 23% share, closely followed by APAC. Latin
America and MEA will exhibit modest growth throughout the forecast period.
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Air Cargo Security & Screening Systems Market 2016 - 2024