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Cargo Scanning Equipment Market Trends

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

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Cargo Scanning Equipment Market Trends

Developing countries are witnessing rapid infrastructure development including the construction of new ports, airports, and logistics hubs. The growth in infrastructure is driving the demand for cargo scanning equipment to ensure efficient cargo handling, security, and customs compliance. The integration of cargo scanning equipment with digitalization and automation technologies is boosting market share. This allows for real-time data capture, automated processing, and seamless integration with supply chain management systems, leading to improved operational efficiency and transparency.

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.