In 2022, it is anticipated that the market for narcotics scanners would be valued $7,410.8 million USD. By 2032, the market is anticipated to be worth US$ 13,070.3 million and grow at a consistent CAGR of 5.8%.
Due to increased trafficking of methcathinone, cocaine, ecstasy and heroin, there is rising demand for narcotics scanner in law enforcement, aviation, and military. Due to emerging threats such as the use of fentanyl, bath salts, and spice are also adversely impacting communities globally. Hence, there is an increase in drug trades in many countries.
Advancement in technologies in narcotics scanner aids in controlling the rise of illegal transportation of narcotics between different locations and countries. Narcotics scanners protect country borders from the illegal movement of drugs.
There is an upsurge in demand for narcotics scanners as it helps to decrease and stop the illegal migration of drugs and drug trade. Due to rising demand of narcotics scanner, there is an increase in development of technologies to detect all form of drugs.
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Narcotics Scanner Market: Market Dynamics
Increasing investments in R&D activities for narcotics scanner by vendors and need for quick response to catastrophic attacks is fueling the growth of Narcotics Scanner Market.
Decreasing investments from transportation operators is restraining the growth of Narcotics Scanner Market.
The emergence of dual sensor technologies and improved detection quality of narcotics scanners is the latest trend in Narcotics Scanner Market.
Regional Analysis
How is North America Performing in the Narcotics Scanner Market?
Due to the region’s high drug consumption, which includes the United States and Mexico, North America is expected to dominate the market, with a predicted market share of 29.3% in 2022.
North America is the region with the most opioid consumption, according to the World Drug Report 2019 from the UN Office on Drugs and Crime. Furthermore, opioid overdose deaths caused 47,000 fatalities in the US in 2017. As a result, the demand for narcotics scanners has increased in North America in an effort to lower the fatality rate from drug overdose.
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What is the Europe Outlook for the Narcotics Scanner Market?
In 2022, it is anticipated that Europe would hold a 21.0% narcotics scanner market share.
Due to the strict government regulations that have been put in place regarding the distribution of illegal drugs, a market expansion in Europe is projected.
Due to the increasing drug use activities in the United Kingdom and Northern Ireland, it is projected that the demand for narcotics scanners would increase during the projection period.
Global Narcotics Scanner Market: Competition Landscape
Few prominent players in narcotics scanner market includeArgos Security Services, Inc., Safran SA, Smiths Group plc, OSI Systems, Inc., FLIR Systems, Inc., L-3 Communications Security and Detection Systems, Inc., Aventura Technologies, Inc., LaserShield Systems, Inc., Klipper Enterprises, KeTech Group Limited, Chemring Group PLC, MATRIX Security and Surveillance Pvt. Ltd., CDex Inc, Bruker Corporation, Teknicom Solutions, Mistral Solutions and Jamal Jaroudi Group.
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Key Segments
By Product Type:
- Table-top
- Handheld
- Walkthrough
By End Use:
- Airport
- Train Stations
- Defense
- Cargo
- Military
- Transportation
- Law enforcement
- Critical infrastructure access control
By Technology:
- Ion mobility spectrometry technology
- Contraband detection equipment
- Videoscope inspection system
By Region:
- North America
- Latin America
- Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- The Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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