Global Air Cargo Security And Screening System Market was valued at US$ 2,319.7 Mn in 2022. Global Air Cargo Security And Screening System Market is under continuous evolution of screening technologies, such as AI-powered scanning, multi-view X-ray, and millimeter-wave scanning, presents an opportunity for manufacturers to develop and offer cutting-edge screening systems with enhanced accuracy and efficiency.
Global Air Cargo Security And Screening System Market: Drivers
Customization for Different Cargo Types
Air cargo comprises a wide range of items, from perishables to hazardous materials. Tailoring screening systems to handle specific cargo types efficiently opens opportunities to cater to diverse industries and cargo requirements.
Global Air Cargo Security And Screening System Market: Opportunities
Adoption of Advanced Screening Technologies
The continuous evolution of screening technologies, such as AI-powered scanning, multi-view X-ray, and millimeter-wave scanning, presents an opportunity for manufacturers to develop and offer cutting-edge screening systems with enhanced accuracy and efficiency.
Global Air Cargo Security And Screening System Market: Restraints
High Initial Investment Costs
Implementing advanced air cargo screening systems involves significant upfront costs for equipment procurement, installation, and training. This can be a deterrent for some companies, particularly smaller players or those operating on tight budgets.
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Key Takeaways:
Global Air Cargo Security And Screening System Market was valued at US$ 2,475.2 Mn in 2023 and is estimated to reach a value of US$ 4,199.8 Mn by 2030 at a CAGR of 7.8 % between 2023 and 2030.
Explosives Detecting Systems held a dominant position in the global Air Cargo Security And Screening System Market in 2022, accounting for 38.3 % share in terms of value, owing to increasing approvals and launch of new products.
Global Air Cargo Security And Screening System Market: Trends
Emphasis on Data Analytics and Threat Intelligence
Data analytics and threat intelligence capabilities were being incorporated into screening systems to detect patterns and potential risks proactively. These technologies aimed to enhance security preparedness and response
Global Air Cargo Security And Screening System Market: Competitive Landscape
Key market player includes L-3 Communications Security & detection system, American Science and Engineering, Inc., Smiths Detection., Nuctech Company, Safran Identity and Security SAS, Gilardoni S.P.A, Implant Sciences Corporation, Rapiscan System, and Costruzioni Elettroniche Industriali Automatismi S.p.A., and Others
Global Air Cargo Security And Screening System Market: Recent Developments
For instance, in December 2021, Rapiscan Systems, a leading provider of inspection technology and solutions for governments and commercial venues tasked with ensuring security, announced the Accelerate Secure Trade, Transport & Events Summit during the Rapiscan Systems Classic PGA TOUR Champions Golf Tournament, March 28 – April 3, 2022. Furthering education on the next generation of screening technology, the Summit will hold detailed discussions that solve the inefficiencies of inspection at every entry.
In May 2023, Smiths Detection, a global leader in threat detection and security screening technologies, announced that it has been selected to supply fully integrated checkpoints throughout Birmingham Airport as part of its £20m security screening upgrade. The new security checkpoints will feature Smiths Detection’s HI-SCAN 6040 CTiX, a computed tomography (CT) X-ray scanner, which produces high-resolution volumetric 3D images for quicker and deeper baggage assessment and low false-alarm rates. Implementation of the new scanner will allow passengers to leave their liquids and electronics in their hand luggage, which in turn will help to speed up security screening, whilst ensuring that safety is not compromised. The HI-SCAN 6040 CTiX is ECAC EDS CB C3 and TSA Certified.
In January 2021, Synaptics Incorporated, a U.S.-based developer of human interface hardware and software, launched a new Smart Edge AI platform named the VideoSmart VS600 family of high-performance multimedia System on a Chip (SoC) solutions that combines a central processing unit (CPU), network processing unit (NPU), and graphical processing unit (GPU) into a single software-enriched SoC
In March 2023, Smiths Detection, a global leader in threat detection and security screening technology, announced the launch of its latest chemical agent identifier, Lightweight Chemical Detector (LCD) 4 alongside the LCD XID extension. This will expand the detection capabilities of the LCD to include street narcotics, explosives, pharmaceuticals, and other super-toxic chemical threats.
In May 2023, The Transportation Security Administration (TSA) installed two new technologies that enhance the screening capabilities of travelers and their belongings at the Atlantic City International Airport security checkpoint. New credential authentication technology (CAT) units and four computed tomography scanners are now in use at the airport’s checkpoint.
