PUNE, India, February 20, 2023 (GLOBE NEWSWIRE) — The global X-ray inspection systems market for cargo containers Size was valued at $1.56 billion in 2021 and is expected to reach a valuation of $1.69 billion in 2022. The market is expected to reach USD 2.40 billion by 2029 with a CAGR of 5.8% over the forecast period. The increasing danger of illegal smuggling of weapons of mass destruction, weapons and illegal drug trafficking is expected to drive the market growth. Smart farming and agribusiness 4.0 to create lucrative business prospects are expected to drive the market course. The increasing demand for X-ray inspection of containers for port security is expected to facilitate the market development. Fortune Business Insights™ shares this information in its report titled Cargo Container X-ray Inspection Systems Market, 2022-2029.

Key Industry Development:

September 2022- Smith’s Detection India signed a Memorandum of Understanding (MoU) with Navratna Defense PSU Bharat Electronics Limited to manufacture advanced X-ray screening technologies.

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Report Highlights:

The central theses:

• Raising safety standards in stationary type inspection zones to ensure growth
• The increase in safety concerns at the shipyards is projected to the Aid Seaports segment
• USA is progressing at a promising pace thanks to comprehensive safety standards