Market Insights
The aviation industry plays a vital role in transportation whether it will be for people or goods. Many people heavily rely on airlines to get themselves or their products where they need to be; thus, billions of dollars are spent each year on airline security. Over the past few years, airline security seals have seen a significant increase in application from monitoring theft or tampering with goods in catering carts to securing commercial airlines from any illegal tampering.
Security seals are associated with various operations in the airline industry for monitoring or temper detection. Security seals help to identify if there is any tampering occurs with the equipment, fuel, luggage, and other materials on board. The smallest deviation from safety standards can be disastrous for the airline company and dangerous for crew members as well as passengers. Security seals that cannot be opened without special tools, such as padlock and strap seals, are used in luggage and carts accessed by the onboard crew, while tamper evidence taps, and labels are used in aircraft doors, hatches, and cargo on a pallet.
The airline security seal market is expected to mirror the industry’s fitful path, marking a grave decline in 2020. The long-term outlook still seems hopeful as International cargo traffic is expected to improve across all regions returning to pre-crisis level, ultimately imprinting a positive impact on the market. Stratview Research’s estimates suggest that the market is likely to pick up the pace from 2021 onwards, ultimately reaching an estimated value of US$ 37.8 million in 2026.
Segments’ Analysis
Airline Security Seals Market Share by Product Type
Based on the product type, the market is segmented as strap seals, padlock seals, and others. Strap seals are likely to remain the most dominant as well as the fastest-recovering product type of the market during the forecast period. Strap seals are widely used in airline catering and cargo and have a flexible plastic strip and a wider flag that contains the ID information. They usually incorporate a bar code and a number corresponding to the delivery note that accompanies the trolley.
Regional Analysis
All regions took a nosedive in 2020. Despite the grave downturn, North America is projected to remain the largest market during the forecast period owing to the US economic activity continues to recover, and its January manufacturing PMI reaching a new record-high, pointing to a supportive business environment for air cargo. Asia-Pacific is anticipated to log the quickest recovery in the market during the forecast period.
Key Players
The supply chain of this market comprises raw material manufacturers, security seal manufacturers, distributors, and users.
Some of the key players in the airline security seal market are-
- Itw Evnopak
- Dickey manufacturing
- Tyden Brooks
- Essentra Security Seals
- Mega Fortris
- Unisto AG
- Cambridge Security Seals
- American Casting and Manufacturing Corporation
- Harcor Security Seals
- Talisman Security Seals
- Leghorn Group.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s airline security seals market realities and future possibilities for the forecast period 2021 to 2026. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market. The strategic report also studies and analyzes the impact of COVID-19 on the market and provides a detailed overview of the possible market recoveries in the long run. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We have conducted more than 15 detailed primary interviews with the market players across the value chain in all five regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
The airline security seals market is segmented into the following categories.
Airline Security Seals Market Size, Share & Forecast, by Product Type
- Strap Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Padlock Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Airline Security Seals Market Size, Share & Forecast, by Adjustment Type
- Fixed-Length Security Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Adjustable Length Security Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Airline Security Seals Market Size, Share & Forecast, by Material Type
- Plastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Airline Security Seals Market Size, Share & Forecast, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the product types by adjustment type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
