What Are The 5 Takeaways From The Cargo Scanning Equipment Market Overview 2024
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The cargo scanning equipment market has grown to $3.52 billion in 2023 and is projected to reach $3.82 billion in 2024, growing at an 8.3% CAGR, driven by increased global trade and security concerns. Expected to hit $5.06 billion by 2028, trends include imaging technology advancements and AI integration for enhanced security.
The cargo scanning equipment market is growing alongside the growth of international trade. With an increase in goods handled in ports and international trade volumes, there’s a growing demand for cargo scanning equipment to ensure supply chain security.
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What Are The Key Trends That Influence Cargo Scanning Equipment Market Share Analysis?
Innovation in the cargo scanning equipment market is driven by major companies striving to strengthen their market position through advanced solutions. For example, in March 2022, Smiths Detection Group Ltd., a UK-based provider of advanced threat detection solutions, introduced the HI-SCAN 10080 XCT. This system, approved by the U.S. Transportation Security Administration’s Air Cargo Screening Technology List (ACSTL), features dual-view dual-energy X-ray line scanning and complete 3D volumetric computed tomography (CT) imaging. It enhances the speed, efficiency, and safety of screening hold baggage and air cargo with a belt speed of 0.5m/sec (98.5ft/min) and a large 107 × 81 cm (42.1 x 31.9in) rectangular tunnel. The HI-SCAN 10080 XCT integrates seamlessly into fully automated and networked material handling systems, allowing operators to screen up to 2,500 packages per hour.
Which Market Players Are Driving Growth In The Cargo Scanning Equipment Market?
Major companies operating in the cargo scanning equipment market report are Leidos Holdings Inc., Elbit Systems Ltd., Teledyne Technologies, IDEMIA, Smiths Detection Group Ltd., OSI Systems Inc., Rapiscan System Inc., Nuctech Company Limited, Analogic Corporation, Astrophysics Inc., L3 Security & Detection Systems Inc., ADANI Systems Inc., ICTS International N.V., Autoclear LLC, Metrasens Ltd., CEIA USA Ltd., MB Telecom Ltd. SRL, Kromek Group, VOTI Detection Inc., Westminster International Ltd. (Westminster Group), Vidisco Ltd., Scanna MSC Ltd., Gilardoni S.p.A., Todd Research Ltd., LIXI Inc.
How Is The Global Cargo Scanning Equipment Market Segmented?
The cargo scanning equipment market covered in this report is segmented –
1) By Equipment Type: Narcotics Trace Detectors, Non-Computed Tomography, X-Ray Scanners, Explosive Trace Detectors (ETDs), Radiation Detectors, Other Equipment Type
2) By Cargo Size: Small Parcels, Break Pallet Cargo, Oversized Cargo
3) By End-User: Airports, Railway Station, Border Control, Logistics And Transportation, Industrial And Manufacturing Facilities, Others End-Users
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The Cargo Scanning Equipment Global Market Report 2024 provides an overview of the cargo scanning equipmentmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cargo scanning equipment market forecast analyzes cargo scanning equipment market size, cargo scanning equipment market share, leading competitor and their market positions.
The Table Of Content For The Cargo Scanning Equipment Market Include
1. Cargo Scanning Equipment Market Executive Summary
2. Cargo Scanning Equipment Market Segments
3. Cargo Scanning Equipment Market Size And Template Market Growth Rate
4. Key Cargo Scanning Equipment Market Trends
5. Major Cargo Scanning Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Cargo Scanning Equipment Market
26. Top Cargo Scanning Equipment Companies
27. Cargo Scanning Equipment Market Opportunities And Strategies
28. Cargo Scanning Equipment Market, Conclusions And Recommendations
29. Appendix
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