Cargo Scanning Equipment Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Cargo Scanning Equipment Market?
The cargo scanning equipment market is anticipated to gain momentum due to the expansion of international trade. The transaction and exchange of goods and services between corporations across borders, defined as international trade, fuel this growth. Cargo scanning equipment plays a crucial role in global commerce by ensuring the security of the supply chain, detecting illicit activities, and facilitating legal trade operations. They are helpful to customs authorities in safeguarding border security and mitigating trade-related risks. For example, in June 2023, Eurostat, the Luxembourg-based statistical office for the European Union, reported that 854.3 million metric tons of merchandise were processed in EU ports in the second quarter of 2021, escalating to 873.05 million metric tons in the equivalent period for 2022. In addition, a report released in June 2023 by the United Nations Conference on Trade and Development (UNCTAD), a Swiss intergovernmental organization endorsing global trade, stated that international goods trade grew by 1.9% in the first quarter of 2023 compared to the previous quarter, contributing nearly $100 billion. Accordingly, international trade advancements will stimulate the cargo scanning equipment market.
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#What is the Growth Potential of the Cargo Scanning Equipment Market, and How Will It Perform by 2034?
The market size for cargo scanning equipment has seen significant expansion in the previous years. The growth is projected to continue, with a rise from $3.79 billion in 2024 to $4.08 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%. The increase during the historic period can be linked to factors such as escalated worldwide trade volumes, intensifying security worries, tighter customs and border control rules, a surge in unlawful trafficking activities, and an increased requirement for non-intrusive inspection.
There is a strong likelihood for robust growth in the cargo scanning equipment market in the upcoming years. The market is anticipated to expand to $5.48 billion in 2029, with a compound annual growth rate (CAGR) of 7.6%. This anticipated growth during the forecast period can be credited to the burgeoning e-commerce and logistics sectors, the surge of efficient supply chain management, embracing radiation detection technologies, consistent growth in international shipping, and adoption of compact portable scanning apparatus. Noteworthy trends projected for this period comprise advancements in imaging technology, technological progression in scanning machinery, the incorporation of artificial intelligence in scanning protocols, the integration of blockchain for supply, and the deployment of machine learning in detecting anomalies in supply chain security.
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What Are the Key Market Innovations in theCargo Scanning Equipment Market Over the Coming Years?
The increasing trend of product innovations is leaving an impression in the cargo scanning equipment market. Leading companies in this market are prioritizing the creation of innovative solutions to solidify their standing. For example, in March 2022, Smiths Detection Group Ltd., a UK company specializing in advanced threat detection and identification solutions, launched the HI-SCAN 10080 XCT. This advanced X-ray computed tomography system is designed for baggage and air cargo hold, receiving endorsement from the U.S. Transportation Security Administration’s Air Cargo Screening Technology List (ACSTL). The HI-SCAN 10080 XCT features dual-view dual-energy X-ray line scanner and full 3D volumetric computed tomography (CT) imaging and reconstruction capabilities, enhancing the pace, effectiveness, and safety of baggage and air cargo screening procedures. Equipped with a belt moving at 0.5m/sec (98.5ft/min) and a 107 × 81 cm (42.1 x 31.9in) wide rectangular tunnel, it is designed for integration within fully automatic and networked luggage and materials handling systems, allowing for the efficient screening of 2,500 parcels per hour.
Who Are the Top Companies Driving Innovation and Growth in theCargo Scanning Equipment Market?
Major companies operating in the cargo scanning equipment market include 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.
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Which Key Market Segments Comprise the Cargo Scanning Equipment Market and Drive Its Revenue Growth?
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
Subsegments:
1) By Narcotics Trace Detectors: Ion Mobility Spectrometers, Mass Spectrometers
2) By Non-Computed Tomography: Pulsed Fast Neutron Analysis (PFNA), Thermal Neutron Activation (TNA)
3) By X-Ray Scanners: 2D X-Ray Scanners, 3D X-Ray Scanners
4) By Explosive Trace Detectors (ETDs): Ion Mobility Spectrometers, Gas Chromatography Systems
5) By Radiation Detectors: Gamma Detectors, Neutron Detectors
6) By Other Equipment Type: Microwave Scanners, Advanced Imaging Technology (AIT) Systems
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Which Regions Are Emerging as Leaders in the Cargo Scanning Equipment Market?
North America was the largest region in the cargo scanning equipment market in 2024. The regions covered in the cargo scanning equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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