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South 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 :  TIPRE00026597
No. of Pages :  94
Published Month :  Jan 2022
Category :  Aerospace and Defense
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The SAM air cargo security and screening systems market is expected to grow from US$ 29.81 million in 2021 to US$ 37.79 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028.

The transportation of temperature-sensitive products, such as chemicals, drugs, and medicines, creates a massive demand for air cargo. For instance, almost 68% of all biotech products are considered to be temperature sensitive. In addition, in August 2019, Marken announced clinical home healthcare services that consist of clinical drug storage, biologic sample collection, direct-to-patient delivery, central pharmacy, and home care/nursing services. Pharmaceutical companies are highly dependent on-air transportation due to factors such as time sensitivity and temperature-controlled transportation. The rapid growth of the pharmaceutical industry boosts the demand for transportation services for temperature-sensitive cargo. Also, the demand for these transportation services is increasing as new pharmaceutical and biotechnology products enter the market each day. Therefore, airlines using advanced cool chain solutions will be well-positioned to take full advantage of this growing demand. Airlines witness increasing demand for shipping services that cater to the needs of the pharmaceutical industry. Therefore, air cargo is required for supplying temperature-sensitive products to different places or countries. Along with the growing need for transportation, hidden explosive objects and narcotics have also been supplied. Therefore, a systematic screening system is needed at the airport. Also, with the ongoing COVID-19 pandemic, automatic advanced air cargo security and screening systems demand will increase contributing to the SAM market growth.

 

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.

 

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

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


SAM Air Cargo Security and Screening Systems Market Segmentation           

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

  • Small Parcel
  • Break and Pallet Cargo
  • Oversized Cargo

SAM Air Cargo Security and Screening Systems Market – By Technology

  •  X-ray systems
  • ETD
  • EDS
  • Others

SAM Air Cargo Security and Screening Systems Market – By Application

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

SAM Air Cargo Security and Screening Systems Market, by Country

  • Brazil   
  • Chile
  • Rest of SAM

SAM 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 SAM 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 SAM 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 SAM 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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