What Has Been The Evolution of the Cargo Scanning Equipment Market in Recent Years?
The cargo scanning equipment market has seen considerable growth due to a variety of factors.
•In recent times, the cargo scanning equipment market has seen robust expansion. The sector, which was worth $3.79 billion in 2024, is projected to see growth to $4.08 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.8%.
The historic growth spurt in the market can be attributed to factors such as burgeoning global trade volumes, heightened security concerns, strict customs and border protection rules, a growth surge in illicit trafficking activities, and a growing demand for non-intrusive inspection methods.
What Is the Forecasted Market Size and Growth Rate for The Cargo Scanning Equipment Market?
The cargo scanning equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market for cargo scanning equipment is anticipated to witness robust growth in the near future, expanding to a value of $5.48 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%.
The growth during this forecast period can be credited to the proliferation of e-commerce and logistics, the need for effective supply chain management, the rising adoption of radiation detection technologies, the sustained increase in international shipping, and the acceptance of portable and handheld scanning devices. The dominant trends expected during the forecasted period include advancements in imaging technologies, progress in scanning equipment technology, the incorporation of artificial intelligence in scanning systems, the use of blockchain for supply chain security and the application of machine learning for detecting anomalies.
Which Factors Are Boosting Growth In The Cargo Scanning Equipment Market?
The expansion of global commerce is predicted to fuel the cargo scanning equipment market's upward trajectory. Global commerce involves the procurement and disposal of goods and services between firms in different nations, as well as the transfer of goods and services through imports and exports. Cargo scanning equipment is a crucial tool in international trade, as it provides security to the supply chain, uncovers illicit activities, and facilitates the smooth progression of legal trade. This equipment also offers critical support to customs officials by ensuring border safety and mitigating trade-related risks. As an example, Eurostat, the Luxembourg-based statistical agency of the European Union, showed in its June 2023 data that 854.3 million metric tons of goods were processed in EU ports in the second quarter of 2021. This figure grew to 873.05 million metric tons during the same period in 2022. Adding to this, in June 2023, the UNCTAD, a Switzerland-based organization that promotes worldwide trade, issued a report demonstrating a 1.9% increase in international good trading in the first quarter of 2023 compared to the last quarter, almost adding $100 billion. Hence, the acceleration of global commerce bolsters the growth of the cargo scanning equipment market.
What Key Areas Define The Segmentation Of The Global Cargo Scanning Equipment Market?
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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How Are Emerging Trends Reshaping The Dynamics Of The Cargo Scanning Equipment Market?
In the field of cargo scanning equipment, product innovations are emerging as a prominent trend. Main players in this market sector are concentrating their efforts on new and inventive solutions as a pathway to solidify their market standing. For example, in March 2022, the UK-based Smiths Detection Group Ltd, known for its threat detection and identification solutions, introduced the HI-SCAN 10080 XCT advanced X-ray computed tomography system. This breakthrough system, geared towards baggage and air cargo, received the seal of approval from the U.S. Transportation Security Administration’s Air Cargo Screening Technology List (ACSTL). Outfitted with a dual-view dual-energy X-ray line scanner and comprehensive 3D volumetric computed tomography (CT) imaging and reconstruction, the HI-SCAN 10080 XCT boosts the speed, efficacy, and safety of hold luggage and air cargo screening procedures. The apparatus, which boasts a belt speed of 0.5m/sec (98.5ft/min) and a large 107 × 81 cm (42.1 x 31.9in) rectangular tunnel, is designed to integrate seamlessly into fully automated and networked baggage and material handling systems. This enables users to screen up to 2,500 packages on an hourly basis.
Who Are the Key Players in the Cargo 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.
What Is The Most Dominant Region 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
