Analysis indicates that the global air cargo security and screening systems market will reach a value of $500m in 2014. This is as a result of the enforcement of new air cargo security regulation by the ICAO in 2013 and the implementation into the national regulatory level in 2014, airports and air freight companies will have to acquire new screening systems and update existing security systems to meet these new requirements.
The air cargo security and screening systems market is therefore forecast to record positive growth over the next decade, in large part due to improvements in security requirements and screening technologies which allow for improved efficiency, the adoption of comprehensive regulations for air cargo security and increasingly try to mitigate the potential targeted attack in particular via air cargo rather than passenger transportation.
The author of the Air Cargo Security & Screening Systems Market Forecast 2014-2024: Prospects for Leading Players report commented that “It is interesting to see the International and National Regulatory Authorities are improving Air Cargo Security, as air cargo security was the weakest sector in the overall aviation security chain in the past, and clearly these new measures and requirements will be the spotlight for driving expenditures within the air cargo security sector in the next decade.
The 272 page report contains 153 tables, charts and graphs that add visual analysis in order to explain developing trends within the air cargo security and screening systems market. The new report provides forecasts for the period 2014-2024 in terms of value (US$) for the global air cargo security and screening market, as well as for 4 submarkets (X-Ray Inspection Systems; Explosive Detection Systems; Explosive Trace Detections; Perimeter, Surveillance, Access Control and Other Systems) of the air cargo security and screening market. In addition, 9 leading national air cargo security and screening markets are forecast and analysed over the period 2014-2024. The report also provides profiles of 10 leading companies operating within the market, and includes 4 exclusive industry interviews with CEIA S.p.A, Morpho Detection, MultiX S.A. and SEDET, providing expert insight alongside analyses.
The Air Cargo Security & Screening Systems Market Forecast 2014-2024: Prospects for Leading Players report will be of value to current and future potential investors into the air cargo security industry, as well as companies and research centres who wish to broaden their knowledge of the air cargo security technologies market.
Source: ASDReports - Market Research
Date: Apr 3, 2014