Defence, Marine & Aerospace Global Air Cargo Screening System Market Demand

Global Air Cargo Screening System Market to Grow With
Technological Advancements by CAGR of Around 6% during 2019-
2027
Research Nester released a report titled “Global Air Cargo Screening System
Market Outlook: Industry Insights & Opportunity Assessment 2019–2027”
which includes some prominent market analyzing parameters such as
industry growth drivers, restraints, supply and demand risk, market
attractiveness, year-on-year (Y-O-Y) growth comparisons, market share
comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The increase in volumes of cargo transportation and rising security threats
such as explosives, potential hijackings, smuggling and theft among insider
threats are anticipated to significantly drive the growth of air cargo screening
system market. Additionally, to enhance inspections, physical security of air
cargo facilities, stricter controls over access to operation areas and
implementation of latest screening technology are some of the notable
factors that are increasing the usage of screening systems, thereby driving
the demand for air cargo screening systems. The global air cargo screening
system market is estimated to grow at a CAGR of around 6% over the forecast
period, i.e., 2019-2027.
Geographically, the global air cargo screening market is segmented by
regions into North America, Latin America, Europe, Asia-Pacific and Middle
East and Africa. Among these regions, the market in Asia- Pacific is
anticipated to grow at an incremental rate over the forecast period, owing to
rising economies coupled with increasing investments in manufacturing
sector and airports in the region. Market in North America holds largest
share on account of its developed economy and huge domestic air cargo
traffic volumes. Furthermore, the market in Europe is estimated to grow on
the back of increased focus on technological advancements and operational
efficiencies in cargo screening systems.
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