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Cargo Scanning Equipment Market Size

  • Report ID: GMI6200
  • Published Date: Jul 2023
  • Report Format: PDF

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.

 

The growth of international trade, owing to globalization and economic development, has led to increased demand for cargo scanning equipment. As trade volumes continue to rise, there is a greater need for the efficient & accurate screening of cargo to ensure compliance with security regulations and facilitate smooth logistics operations. Technological advancements in cargo scanning equipment, such as X-ray scanners, radiation detection systems, and explosive detection systems, are driving market expansion. They have led to improved scanning accuracy, faster throughput rates, enhanced image quality, and the ability to detect a wider range of threats.
 

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.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for cargo scanning equipment was USD 3,536.2 million in 2022 and will witness over 6.5% CAGR between 2023 and 2032 due to the rapid growth of international trade driven by globalization and economic development.

The X-ray scanner cargo size segment held over 30% of the cargo scanning equipment industry share in 2022 driven by the stringent security regulations enacted by governments and international organizations to combat terrorism, smuggling, and illicit trade.

North America held over 30% of the cargo scanning equipment industry share in 2022 driven by the alarming increase in drug trafficking throughout the U.S.

Leidos Holdings, Inc., Smiths Detection Group Ltd. (SMITHS GROUP PLC), OSI Systems, Nuctech Company Limited, Autoclear LLC and Astrophysics, Inc. are some of the key cargo scanning equipment companies.

Cargo Scanning Equipment Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 461
  • Countries covered: 16
  • Pages: 121
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