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Air cargo screening expected to grow 6pc a year till 2021: study

THE global market for air cargo screening systems is expected to grow six per cent a year from 2016-2021. according to an Indian Market Research Future study.

"The factors driving the market are measures taken to counter air cargo security threats, strict regulation to perform standard practice, and integration of best in class technology at all major airports," a synopsis of the study said.

Asia Pacific is the leading market and is also expected to grow at six per cent in the forecast period, followed by Europe, the Middle East and Africa and Americas.

"Many prominent and well-established cargo operators now have strong presence in the Asia Pacific, said the Pune-based research house.

"Along with an increase in air cargo traffic and the launch of new airports, the Asia Pacific region is also investing in state-of-the-art technologies such as neutron and X-ray-based radiography," said the synopsis.

In 2015, Asia Pacific had 36 per cent of market share, followed by Americas and Europe, the Mideast and Africa. In terms of value, air cargo amount to a third of the total international cargo shipments.

More goods are being traded internationally, with most growth coming from the emerging markets in the region, said the statement.

The Market Research Future report focuses on major manufacturers, 3DX-RAY, American Science and Engineering, L-3 Security & Detection Systems, Morpho Detection, Rapiscan Systems, Armstrong Monitoring, Astrophysics, AUTOCLEAR, CEIA and Gilardoni.