With the emergence and long-term Impact of COVID-19, Global Cargo Scanning Equipment Market to reach USD 5.79 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Cargo Scanning Equipment Market points towards a potential rise to USD 5.79 billion by 2030. Cargo Scanning Equipment refers to a variety of specialized devices and systems designed for the inspection and screening of cargo, freight, or containers to ensure compliance with security and safety regulations. These technologies play a crucial role in transportation and logistics, particularly in international trade and border security. The Cargo Scanning Equipment market is expanding because of factors such as growing demand of e-commerce logistics and rising number of global trades. As a result, the demand of Cargo Scanning Equipment has progressively increased in the international market during the forecast period 2023-2030.
Geographically, the global Cargo Scanning Equipment market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 with largest market share owing to the increase in the drug trafficking throughout United States. The surge in drug trafficking necessitates more sophisticated and sensitive scanning equipment to detect concealed substances within cargo shipment.
Cargo Scanning Equipment, including X-ray scanners and other detection technologies, plays a pivotal role in identifying hidden drugs and illicit substances. The region’s dominant performance is anticipated to propel the overall demand of Cargo Scanning Equipment. Furthermore, Asia Pacific is expected to grow at a fastest growth rate during the forecast period, owing to factors such as increasing number of trade activities in the region.
The global Cargo Scanning Equipment market is highly competitive owing to the presence of several key players such as Leidos Holdings Inc Smiths Detection Group Ltd Nuctech Company Limited Autoclear LLC Astrophysics, Inc ADANI Systems Inc. ICTS International N.V. Autoclear LLC Metrasens Ltd CEIA USA Ltd, and others.
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Key findings of the study suggest:
- Global Cargo Scanning Equipment Market is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030.
- In the Equipment Type segment, X-ray Scanners emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increase in the drug trafficking in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing number of trade activities in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Equipment Type
- Narcotics Trace Detectors
- Non-computed Tomography
- X-ray Scanners
- Explosive Trace Detectors (ETDs)
- Radiation Detectors
- Others
By Cargo size
- Small Parcels
- Break Pallet Cargo
- Oversized Cargo
By End-use
- Airports
- Railway Station
- Border Control
- Logistics and Transportation
- Industrial and Manufacturing facilities
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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