- The key vendors in the global air cargo security and screening systems market 2015-2019 are 3DX-Ray, AS&E, L-3 Communications – Security and Detection Systems, Morpho and Rapiscan Systems
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global air cargo security and screening systems market 2015-2019. Dedicated freight operators and freighter aircrafts provide air cargo trade with more specialized offerings. To meet the international security standards, and to handle the air cargo security screening process efficiently, such dedicated cargo terminals establish screening facilities equipped with advanced cargo screening systems. The global air cargo security and screening systems market 2015-2019 is expected to grow at a CAGR of 5.15% during 2014-2019.
Growing air cargo security threats globally have necessitated the need for more efficient and stringent security measures for air cargo screening, thereby driving the market. Considering the volume of air cargo traffic, diversity of origins, and the varying nature of commodities, air cargo is vulnerable to terrorist attacks.
“With an increase in air cargo traffic and security risks, there is pressure on the stakeholders to implement state-of-the-art technologies that enhance screening and surveillance,” says Faisal Ghaus, Vice President of Technavio Research.
“Neutron and X-ray radiography-based technologies could suit the growing needs for air cargo screening. Also, the system capabilities for screening consolidated shipments prevent disruptions in air cargo flow, considering the 100% air cargo screening requirements.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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