Report : South America Air Cargo Security and Screening Systems Market Forecast to 2028 – COVID-19 Impact and Analysis - by Cargo Size (Small Parcel, Break and Pallet Cargo, and Oversized Cargo), Technology (X-ray Systems, ETD, EDS, and Others), and Application (Narcotics Detection, Explosive Detection, Metal and Contraband Detection, and Others)
Metal and Contraband Detection Segment to Dominate SAM Air Cargo Security and Screening Systems Market During 2021–2028
According to a new market research study on “SAM Air Cargo Security and Screening Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Cargo Size, Technology, and Application” is expected to reach US$ 37.79 million by 2028 from US$ 29.81 million in 2021. The market is estimated to grow at a CAGR of 3.4% % from 2021 to 2028. The report provides trends prevailing in the SAM air cargo security and screening systems market along with the drivers and restraints pertaining to the market growth. Constant need to transport temperature sensitive products and growing safety concerns due to rising incidences of terrorism are the major factor driving the growth of the SAM air cargo security and screening systems market. However, lack of technical expertise and attack on airport IT infrastructure hinders the growth of SAM air cargo security and screening systems market.
In case of COVID-19, SAM is highly affected especially Brazil, followed by Ecuador, Chile, Argentina, and Peru amongst others. In 2020, the pandemic of COVID-19 led to the disruption of numerous economic activities across the region. For combating the fatal effect of the deadly virus, Governments in South and Central America have taken an array of actions for protecting the people. SAM is expected to face lower export revenues, as a result of a decrease in commodity prices as well as a decrease in export volumes, especially to China, Europe, and the US, which are important trading partners. Containment measures will limit economic activity in the manufacturing and services sectors in South American countries for at least until next quarter and are expected to recover once the pandemic is controlled. The outbreak of COVID-19 has weakened the rate of development and trade in SAM, which has a negative impact on the air cargo security and screening system market offerings.
The SAM air cargo security and screening systems market is segmented based on cargo size, technology, application, and country. Based on cargo size, the market is segmented into small parcel, break and pallet cargo, and oversized cargo. The break and pallet cargo segment dominated the market in 2020 and small parcel segment is expected to be fastest growing during forecast period. Based on technology, the market is segmented into X-ray systems, ETD, EDS, and others. The X-ray systems segment dominated the market in 2020 and EDS segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into narcotics detection, explosive detection, metal and contraband detection, and others. The explosive detection segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into Brazil, Chile, and rest of SAM.
Astrophysics Inc.; Nuctech Company Limited; Rapiscan Systems, Inc.; Safran; Smiths Detection Group Ltd. (Smiths Group plc); and VOTI Detection Inc. are among the leading companies in the SAM air cargo security and screening systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Smiths Detection has started a new training and experience center in India for serving airport clients in the country. Company announced that the hub will be utilized for providing training on its computed tomography X-ray (CTX) and explosives trace detection (ETD) systems.
Contact Person: Sameer Joshi
Email Id: email@example.com