Global Narcotics Scanner Market Growth Outlook and Opportunities By Key Players Klipper Enterprises; Chemring Group PLC; MATRIX Security & Surveillance Ltd.; Teknicom Solutions Ltd

Global narcotics scanner market is expected to register a substantial CAGR of 6.17% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the requirement of solutions for the reaction to catastrophe attacks.

Narcotics scanner market research report contains complete background analysis of industry, which includes an assessment of the parental market. The base year for calculation in the report is considered as 2017 while the historic year is 2016 which suggests how the narcotics scanner market is going to perform in the forecast years by informing you about the market definition, classifications, applications, and engagements. In this report, the analysts have focused on Porter's Five Forces Analysis, industry trends, and market size trends on the basis of type, application, and region. The narcotics scanner business report also helps to know about the recent events and developments.

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Major Market Competitors/Players

Few of the major competitors currently working in the global narcotics scanner market are Aventura Technologies, Inc.; TactiScan; FLIR Systems, Inc.; Rapiscan Systems; Smiths Detection Group Ltd.; L3Harris Security & Detection Systems; ARGO-A SECURITY; Bruker; Klipper Enterprises; Chemring Group PLC; MATRIX Security & Surveillance Ltd.; Teknicom Solutions Ltd.; Jamal Jaroudi Group; Autoclear, LLC; DetectaChem; DECISION SCIENCES; Kapri Corp. among others.

Segmentation: Global Narcotics Scanner Market

By Product

Handheld Scanner
Tabletop Scanner
Walkthrough Scanner
Infrared Scanner

By Application

Airport
Train Station
Military
Cargo
Transportation
Law Enforcement
Defense
Military
Critical Infrastructure Access Control
Others
Ports
Malls

By Technology

Ion Mobility Spectrum Technology
Contraband Detection Equipment
Videoscope Inspection System

By Geography

North America
Europe
Asia-Pacific
South America
Middle East and Africa

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Market Drivers:

Rapid rise in incidences of substance abuse is expected to propel the growth of the market
Various innovations and advancements in technologies with a  focus on the detection of different forms of narcotics can also fuel the growth of this market
High levels of investment and expenditure being incurred by the authorities and governments to curb the usage of narcotics while attaining high quality scanning instruments to deploy at various public places acts as a market driver
High volume of drug trafficking being carried out globally is expected to have a positive impact on this market growth

Market Restraint:

Decreasing rate of investment being incurred from the transportation industry for the detection of various substances and elements is the major factor restricting the growth of this market

Key Developments in the Market:

In November 2017, Spectral Engines Oy announced the launch of portable drug screening device for police patrol cars, giving them the capability of rapid narcotics detection on-site in a cost efficient manner. The scanner provides the results in the users phone. The scanner can be upgraded to detect other uniquely designed drugs
In October 2017, Smiths Detection Group Ltd. announced that their "IONSCAN 600" is the first approved detection system according to the new requirements of TSA's Air Cargo Screening Technology List (ACSTL). The device is a portable detection system which can detect explosives as well as narcotics

Competitive Analysis

Global narcotics scanner market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of narcotics scanner market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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