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North America 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 :  TIPRE00026596
No. of Pages :  97
Published Month :  Jan 2022
Category :  Aerospace and Defense
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The North America air cargo security and screening systems market is expected to grow from US$ 214.78 million in 2021 to US$ 265.57 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

Online retailing attracts more prospective customers than brick-and-mortar-based competitors due to the scale of the internet. In addition, e-commerce market players opt for various logistics options such as surface transport and air transport to deliver packages to their customers. Therefore, as the e-commerce market is increasing; various countries have observed varying buying patterns and trends. The majority of purchases is influenced by the country's demographics, such as the percentage of youth population indulging in e-commerce activity, the economy of a country, the age group interested in the use of e-commerce, and the level of awareness across the country. The fast-growing e-commerce market remains a key driver in addition to the rising domestic air volumes sent by large and small e-retailers. Air cargo is essential for the e-commerce ecosystem to manage the transportation of goods several countries. Air cargo service providers deliver upgraded technology, efficiency & specialization, and flexibility & scalability in the e-commerce business. There are numerous benefits of e-commerce, and they can get fulfilled if the company delivers a product to customers on time. Moreover, online shoppers are now purchasing frequently, and cross-border e-commerce volumes are also growing. Customer expectations are similar for domestic and international air e-commerce. Therefore, the demand for air cargo is expected to surge during the forecast period due to the rising number of online customers and increasing cross-border sales. Along with the growing demand for air cargo, hidden explosive objects and narcotics can also be supplied. Therefore, a proper security check is required for screening the cargo at the airport. Thus, with increasing e-commerce, the adoption of air cargo security and screening systems is expected to drive the North America market during the forecast period.

 

In case of COVID-19, North America is highly affected specially the US. North America is one of the most prominent regions with respect to the adoption of air cargo security and screening system. Demand for air cargo security and screening system is relatively high in countries such as the United States, Canada, and Mexico. But the COVID-19 pandemic negatively impacted the North America air cargo market growth in 2020. North America has the highest adoption of new technologies owing to favorable government policies to boost the innovation and strengthen the infrastructure capabilities. Therefore, any impact on industries is expected to affect the economic growth of the region. Due to the shutdown of businesses and delay in procurement activities in the last six months of 2020, the market is significantly impacted. Moreover, the falling GDP is another factor negatively impacting the growth of the security inspection market. The COVID-19 crisis has drastically impacted the operations across the value chain, from supplier networks to the customer delivery experience. Moreover, this has influenced the adoption of contactless air cargo security and screening system across the country to comply with both safety regulation and social distancing norms laid down by the respective government body.

 

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 North America air cargo security and screening systems market. The North America air cargo security and screening systems market is expected to grow at a good CAGR during the forecast period.

 

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

North America Air Cargo Security and Screening Systems Market Segmentation
North America Air Cargo Security and Screening Systems Market – By Cargo Size

  • Small Parcel
  • Break and Pallet Cargo
  • Oversized Cargo

North America Air Cargo Security and Screening Systems Market – By Technology

  • X-ray systems
  • ETD
  • EDS
  • Others

North America Air Cargo Security and Screening Systems Market – By Application

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

North America Air Cargo Security and Screening Systems Market, by Country

  • US 
  • Canada
  • Mexico

North America 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. VOTI Detection Inc.
  6. Smiths Detection Group Ltd. (Smiths Group plc) 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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