Cargo Scanning Equipment Market Analysis

Cargo Scanning Equipment Market Analysis

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Based on end-use, the cargo scanning equipment market is segmented into airports, railway station, border control, logistics and transportation, industrial and manufacturing facilities and others. The others segment is expected to grow at a CAGR of over 8.5% from 2023 to 2032 and reach revenue of over USD 1.1 billion by 2032. Other end-use industries include e-commerce, military & defense, and seaports. The growing demand for online shopping and government investments in strengthening the military & defense sector are expected to fuel growth of the others segment over the forecast period.
 

Based on cargo size, the cargo scanning equipment market is divided into narcotics trace detectors, non-computed tomography, X-ray scanners, explosive trace detectors (ETDs), radiation detectors and others. The X-ray scanners segment held a dominant market share of over 30% in 2022 and is expected to grow at a lucrative pace by 2032. X-ray scanners utilize X-ray technology to generate detailed images of the cargo contents, allowing security personnel to identify potential threats, contraband, or prohibited items. Stringent security regulations enacted by governments and international organizations to combat terrorism, smuggling, and illicit trade are driving the demand for advanced cargo screening technologies such as X-ray scanners. The growth of international trade and the need for streamlined logistics operations are fueling the demand for efficient cargo screening solutions. X-ray scanners provide non-intrusive & fast inspection, reducing delays and ensuring a smooth cargo flow.
 

North America held a significant cargo scanning equipment market share of over 30% in 2022. The alarming increase in drug trafficking throughout U.S. has fueled the demand for cargo screening equipment to detect & prevent the smuggling of drugs and illegal substances at ports and border checkpoints. The rapid growth of e-commerce & logistics operations in North America has led to an increase in transportation volumes, thereby necessitating the use of cargo screening equipment to ensure safe deliveries. According to the International Trade Administration, there were over 27 million e-commerce users in Canada in 2022, accounting for 75% of the Canadian population. This number is expected to grow to 77.6% in 2025.