Narcotics Scanner Market Trends, Share, Price, Size, Growth, Industry Report and Forecast 2023-2028
The ‘Global Narcotics Scanner Market Size, Share, Analysis, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global narcotics scanner market, assessing the market on the basis of its segments like products, technologies, end-uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Narcotics Scanner Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Over USD 6.71 Billion
• Forecast CAGR (2023-2028): 6.40%
Strict regulations implemented by various regulatory agencies to prevent illegal drug trading have significantly driven the market growth of narcotics scanner. As drug misuse and associated diseases are becoming a leading cause of mortality, governments across the globe are introducing stringent regulations to combat drug misuse, which is bolstering the narcotics scanner market demand.
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The requirement for drug scanners is expected to expand as airports are attempting to tighten their security and detect illicit narcotics and other substances in response to the rising air traffic.
The increasing focus on improving the security of public transportation by governments is likely to surge the demand for narcotics scanner. Moreover, some of the significant narcotics scanner market trends include an increase in international drug and alcohol smuggling cases and growing global alcohol and drug usage.
Narcotics Scanner Market Definition and Major Segments
A narcotics scanner is a specialist piece of security equipment used to find drugs and other dangerous items. It is usually utilised by defence departments, law enforcement agencies, and special forces, among other security bodies. In order to mitigate the threat of the illegal drug trade, these devices are utilised during security inspections to scan surfaces and objects for the presence of contraband narcotics and other dangerous chemicals.
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The market for narcotics scanners, by product, can be segmented into:
• Handheld/Portable Scanner
• Tabletop Scanner
• Walkthrough Scanner
• Fixed Scanner
Based on technology, the market is divided into:
• Ion Mobility Spectrum Technology
• Infrared Spectroscopy
• Contraband Detection Equipment
• Video Scope Inspection System
The major end-uses of narcotics scanners are:
• Railway Terminal
• Defence and Military
• Law Enforcement
• Sea Port
The major regional markets for narcotics scanners include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Narcotics Scanner Market Trends
With the increasing cases of violation of drug control regulations, the demand for narcotics scanners with improved screening capabilities and accuracy, especially among law enforcement agencies, is likely to grow. This is expected to aid the narcotics scanner market growth in the coming years.
Key manufacturers are initiating research activities aimed at utilising cutting-edge technologies, such as artificial intelligence, advanced image processing, and X-ray technologies, to develop portable and pocket-sized narcotics scanners.
Additionally, the market is expected to benefit from attractive security solutions development prospects, supported by technical improvements and agreements and contracts between key players and military and law enforcement organisations.
Key Market Players
The major players in the narcotics scanner market report include Bruker Corporation, Thermo Fisher Scientific Inc., Smiths Group Plc, Nuctech Company Limited, Leidos Holdings, Inc., and Teledyne FLIR LLC, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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