Cargo Scanning Equipment Market Size
Cargo Scanning Equipment Market size was valued at USD 3.5 billion in 2022 and is anticipated to grow at a CAGR of over 6.5% between 2023 and 2032.
To get key market trends
Download Sample Ask for Discount Request Customization
The expansion of global trade, due to economic growth and globalization, has created a higher demand for cargo scanning machines. With trade volumes continuing to grow, there is an even higher demand for the accurate & efficient screening of cargo to meet security requirements and enable seamless logistics operations. Advancements in technology of cargo scanning machines, including X-ray scanners, radiation detection systems, and explosive detection systems, are fueling market growth. They have resulted in better scanning accuracy, increased throughput rates, higher image quality, and the capacity to identify a broader threat spectrum.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Cargo Scanning Equipment Market Size in 2022 | USD 3.5 billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 6.7 billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 121 |
| Tables, Charts & Figures | 461 |
| Segments covered | Equipment Type, Cargo Size, End-use, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Cargo scanning equipment refers to a range of specialized devices used to inspect and scan cargo items to detect potential threats, contraband, or hazardous materials.
Privacy concerns surrounding cargo scanning operations are significant challenges in the industry. Cargo scanning equipment generates detailed images or data of the contents of shipments, which may include sensitive or confidential information. Balancing the need for security with privacy rights is a complex task, as there is a risk of potential privacy breaches or unauthorized access to scanned data. To address these concerns, strict privacy protocols and data protection measures need to be implemented.
COVID-19 Impact
The COVID-19 pandemic affected a number of markets such as the cargo scanning equipment market in 2020. The pandemic led to severe disruptions in international trade and supply chains as a result of lockdowns, travel bans, and decreased economic activities. This disruption led to a reduction in cargo volumes, resulting in a short-term slowdown in the demand for cargo scanning equipment. Decreased trade activities and volatility in international supply chains influenced the installation of scanning equipment at airports, ports, and border crossing points.
Cargo Scanning Equipment Market Trends
Emerging markets are experiencing accelerated infrastructure development in the form of the building of new airports, ports, and logistics facilities. Increased infrastructure growth is fueling the demand for cargo scanning equipment in order to provide smooth cargo handling, security, and customs compliance. The combination of cargo scanning machines with digital and automation technologies is driving market share. It enables the capture of real-time data, automated processing, and integration with supply chain management systems, resulting in enhanced operational efficiency and transparency.
Cargo Scanning Equipment Market Analysis
Discover more about the leading segments defining this market
Download Sample Ask for Discount Request Customization
Depending upon the end-use, cargo scanning equipment market is classified as airports, railway station, border control, logistics and transport, industrial and manufacturing units and others. Others category is predicted to have growth with a CAGR of more than 8.5% from 2023 to 2032 and arrive at a revenue of over USD 1.1 billion in 2032. Some of the other end-use industries include e-commerce, military & defense, and seaports. The increasing need for e-commerce and government expenditure in beefing up the military & defence sector is likely to boost growth of the others segment during the forecast period.
Discover more about the segments driving this market
Depending on the cargo size, there are various types of scanning machines for inspecting the contents of cargo. Some of these are narcotics detectors, non-computed tomography (non-CT) scanners, X-ray scanners, explosive trace detectors (ETDs), radiation detectors, and others. Among all these, X-ray scanners have been the most widely used option, with more than 30% of the market share in 2022. Experts forecast that this will continue until 2032. X-ray scanners employ sophisticated technology to produce clear images of what's contained within a package, which makes it simple for security officials to identify anything suspicious, such as weapons, drugs, or other prohibited substances. Why are X-ray scanners so widely used? Well, governments and global institutions are taking terrorism, smuggling, and illegal trade seriously. So, they're enforcing stringent regulations that necessitate the use of sophisticated cargo screening technology. In addition to security reasons, rising global trade and the imperative for fast and efficient logistics operations are also fueling the demand for X-ray scanners. These scanners enable rapid and non-invasive examination, minimizing delays and maintaining cargo flow.
Seeking region specific information?
Hello there! In 2022, North America dominated the cargo scanner market, taking more than 30% of the cake. What's behind the high demand? Well, the criminals attempting to smuggle contraband and drugs have been becoming increasingly bold, compelling ports and border crossings to tighten their security with cargo screening technology. That's not everything, though. The e-commerce boom in North America has meant more stuff being shipped around, so there's a huge need to make sure that it's not just pillows and electronics getting delivered. In Canada alone, over 75% of people shopped online in 2022, and that number is only expected to keep growing. That's a lot of packages that need to be checked to keep us all safe.
Download Sample Ask for Discount Request Customization
Cargo Scanning Equipment Market Share
Major companies operating in the cargo scanning equipment market are
- Leidos Holdings Inc
- Smiths Detection Group Ltd (SMITHS GROUP PLC)
- OSI Systems
- Nuctech Company Limited
- Autoclear LLC
- Astrophysics, Inc.
The competitive landscape is characterized by continuous innovations as companies strive to improve their offerings with new features, integrations, and partnerships.
Cargo Scanning Equipment Industry News
- In March 2022, Smiths Detection PLC announced that its HI-SCAN 10080 XCT, an explosive detection system, was approved by the U.S. Transportation Security Administration and mentioned on the list of air cargo screening technology. Such approvals will enable the company to secure large airport security government contracts.
The cargo scanning equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & Units from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
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
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Latin America
- Brazil
- Mexico
- MEA
- GCC
- South Africa
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy