Market Introduction
The presence of developing economies and the rise in the adoption of innovative and advanced technologies contribute to the overall growth of the APAC region. Australia, China, India are the major contributors to the growth of the air cargo security and screening market in this region. Rapid technological developments, digitalization of economies, and adequate government support are among the significant factors contributing to the growth of the APAC economy. Increasing deployment of security screening systems and rising need for transport temperature-sensitive system at airports are influencing the demand for APAC air cargo security and screening systems. Furthermore, the growing safety concerns due to the rise in terrorism and rapid adoption of e-commerce are the other factors contributing to market growth. Furthermore, governments of various countries across the region are focusing on the development of airports. For instance, the Airports Authority of India is planning to build city-side infrastructure at airports across the country, with help from private players for building hotels, car parks, and other facilities. Also, the Indian government has plans to set up new airports over the coming years. The government of China is highly focused on modernizing its infrastructure and has completed several projects to develop its infrastructure. Furthermore, the country is constantly expanding its transportation infrastructure. The growing infrastructure installation will result in the deployment of new air cargo security and screening systems. Moreover, in June 2021, according to the Association of Asia Pacific Airlines (AAPA), the international air cargo demand for Asia Pacific-based carriers, measured in freight ton-km (FTK), has been increased by 25.7% year-on-year, with volumes matching the same month in 2019.
In case of COVID-19, APAC is highly affected especially India. The developing countries do not have required health infrastructure and this was the main reason that led to the increase in the count of recorded cases in 2020. As per the Organization for Economic Co-operation and Development (OECD), the pandemic has affected significant economies such as India, Australia, and Japan to some extent. Due to inadequate health and medicine facilities, government authorities had to impose restrictions of limited workforce at production sites. The cargo delivered to various parts of the country includes COVID-19 related medical equipment, reagents, enzymes, masks, testing kits & PPE, gloves & other accessories. Further, the ministry of civil aviation in India has undertaken continuous efforts at the policy level and ground level to add substantially to the country’s fight against COVID-19. For instance, Air India and IAF (Indian Air Force) collaborated for supplying medical equipment across Ladakh, Imphal, Dimapur, Gangtok, Bagdogra, Guwahati, Chennai, and Port Blair. A dedicated medical air cargo-related website Lifeline Udan has been launched and is functional. As per the Association of APAC Airlines (AAPA), the air cargo sector is actively transporting much-needed medical equipment and supplies in Asian countries. Therefore, with the growing demand for air cargo for supplying medical equipment, the requirement for security and screening systems has also increased. Thus, the air cargo business in APAC has reflected positive market growth.
Strategic insights for the Asia Pacific Air Cargo Security and Screening Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Air Cargo Security and Screening Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Asia Pacific Air Cargo Security and Screening Systems Strategic Insights
Asia Pacific Air Cargo Security and Screening Systems Report Scope
Report Attribute
Details
Market size in 2021
US$ 290.83 Million
Market Size by 2028
US$ 453.11 Million
Global CAGR (2021 - 2028)
6.5%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Cargo Size
By Technology
By Application
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Air Cargo Security and Screening Systems Regional Insights
Market Overview and Dynamics
The APAC air cargo security and screening systems market is expected to grow from US$ 290.83 million in 2021 to US$ 453.11 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. Increasing terrorist activities and rising threats to major economies have forced the governments and other governing bodies to undertake air traffic controls. Several authorities are expected to increase security scanning systems across all entry and exit points of airports in the region. The deployment of parcel scanners at airports helps reduce fraudulent activities, such as diamond, narcotics, smuggling, weapons, and other expensive materials. Security screening systems that include X-ray cargo scanners as one of the major components have successfully deteriorated the impact of terrorist activities. Also, with the rising level of violence and terrorism, X-ray scanners are increasingly installed at airports. Therefore, the growing terror activities and investments by the aviation department in infrastructure would create lucrative opportunities for the APAC air cargo security and screening systems market growth in the coming years.
Key Market Segments
In terms of cargo size, the break and pallet cargo segment accounted for the largest share of the APAC air cargo security and screening systems market in 2020. In terms of technology, the X-ray systems segment held a larger market share of the APAC air cargo security and screening systems market in 2020. Further, the explosive detection segment held a larger share of the APAC air cargo security and screening systems market based on application in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC air cargo security and screening systems market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Astrophysics Inc.; Dhonaadhi Hitec Innovations; Krystalvision Image Systems Pvt. Ltd.; Nuctech Company Limited; Rapiscan Systems, Inc.; Safeway Inspection System Limited; Safran; Smiths Detection Group Ltd. (Smiths Group plc); and VOTI Detection Inc. among others.
Reasons to buy report
APAC Air Cargo Security and Screening Systems Market Segmentation
APAC Air Cargo Security and Screening Systems Market - By Cargo Size
APAC Air Cargo Security and Screening Systems Market - By
Technology
APAC Air Cargo Security and Screening Systems Market - By
Application
APAC Air Cargo Security and Screening Systems Market - By Country
APAC Air Cargo Security and Screening Systems Market - Company Profiles
The Asia Pacific Air Cargo Security and Screening Systems Market is valued at US$ 290.83 Million in 2021, it is projected to reach US$ 453.11 Million by 2028.
As per our report Asia Pacific Air Cargo Security and Screening Systems Market, the market size is valued at US$ 290.83 Million in 2021, projecting it to reach US$ 453.11 Million by 2028. This translates to a CAGR of approximately 6.5% during the forecast period.
The Asia Pacific Air Cargo Security and Screening Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Air Cargo Security and Screening Systems Market report:
The Asia Pacific Air Cargo Security and Screening Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Air Cargo Security and Screening Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Air Cargo Security and Screening Systems Market value chain can benefit from the information contained in a comprehensive market report.