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Europe Air Cargo Security and Screening Systems Market Forecast to 2028 - COVID-19 Impact and Regional 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)

Report Code :  TIPRE00026595
No. of Pages :  105
Published Month :  Jan 2022
Category :  Aerospace and Defense
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The Europe air cargo security and screening systems market is expected to grow from US$ 151.18 million in 2021 to US$ 202.34 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

Increasing terrorist activities and rising threats to major economies have forced the governments and other governing bodies to undertake air traffic controls. Several authorities are expected to increase security scanning systems across all entry and exit points of airports in the region. The deployment of parcel scanners at airports helps reduce fraudulent activities, such as diamond, narcotics, smuggling, weapons, and other expensive materials. Security screening systems that include X-ray cargo scanners as one of the major components have successfully deteriorated the impact of terrorist activities. Also, with the rising level of violence and terrorism, X-ray scanners are increasingly installed at airports. Therefore, the growing terror activities and investments by the aviation department in infrastructure would create lucrative opportunities for the Europe air cargo security and screening systems market growth in the coming years.

 

Europe, especially France, has been highly affected by Covid-19. Due to the increasing number of recorded cases, some nations imposed stringent and extended lockdown and social isolation in 2020. With a negative economic growth rate in the first half of 2020, the European economy is projected to contract. Some countries, such as the UK, Italy, and Germany, are expected to witness more impact on their economy than other European countries. The imbalance in the demand and supply side of security screening solutions and the continuing lockdown in several European countries are likely to affect the Europe air cargo security and screening system market in the first half of 2020. However, the upliftment of lockdowns has led to the start of trade and travel; thereby, it is expected to influence the growth of the market with the adoption of new technologies to ensure the safety and security of its population.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe air cargo security and screening systems market. The Europe air cargo security and screening systems market is expected to grow at a good CAGR during the forecast period.

 

Europe Air Cargo Security and Screening Systems Market Revenue and Forecast to 2028 (US$ Million)    

 

Europe Air Cargo Security and Screening Systems Market Segmentation      

Europe Air Cargo Security and Screening Systems Market – By Cargo Size

  • Small Parcel
  • Break and Pallet Cargo
  • Oversized Cargo

Europe Air Cargo Security and Screening Systems Market – By Technology

  • X-ray systems
  • ETD
  • EDS
  • Others

Europe Air Cargo Security and Screening Systems Market – By Application

  • Narcotics detection
  • Explosive detection
  • Metal and contraband detection
  • Others

Europe Air Cargo Security and Screening Systems Market, by Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Air Cargo Security and Screening Systems Market - Companies Mentioned

  • Astrophysics Inc.  
  • Nuctech Company Limited 
  • Rapiscan Systems, Inc.
  • Safran
  • VOTI Detection Inc.
  • Smiths Detection Group Ltd. (Smiths Group plc)             
          1. Astrophysics Inc.
  2. Nuctech Company Limited
  3. Rapiscan Systems, Inc.
  4. Safran
  5. Smiths Detection Group Ltd. (Smiths Group plc)
  6. VOTI Detection Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe air cargo security and screening systems market. 
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe air cargo security and screening systems market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the air cargo security and screening systems market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  


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