Global Narcotics Scanner Market 2024 Opportunity Assessment, Size, Growth Rate And Forecast To 2033 | Major Players Are Thermo Fisher Scientific Inc., Safran SA, Science Applications International Corporation, Elbit Systems Ltd., Smiths Group PLC.

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Narcotics Scanner Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The narcotics scanner market size has grown strongly in recent years. It will grow from $6.91 billion in 2023 to $7.54 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to illicit drug production trends, demand for non-intrusive inspection, R&D investments, security threats at borders and ports, increased drug trafficking activities.

The narcotics scanner market size is expected to see strong growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to public safety investments, rise in illicit drug production, market expansion strategies, adoption of AI and machine learning, stricter border and port security. Major trends in the forecast period include global increase in drug trafficking, regulatory requirements, port security enhancements, demand for non-intrusive inspection, integration of artificial intelligence.

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Key Market Players:
Major companies operating in the narcotics scanner market report are Thermo Fisher Scientific Inc., Safran SA, Science Applications International Corporation, Elbit Systems Ltd., Smiths Group plc, Bruker Corporation, FLIR Systems Inc., OSI Systems Inc., NUCTECH Company Ltd., Chemring Group plc, Rapiscan Security Products Inc., Bowers & Wilkins Co, L-3 Security And Detection Systems Inc., Garrett Electronics Inc., Morpho Detection Inc., Implant Sciences Corporation, Astrophysics Inc., Autoclear LLC, NABCO Systems LLC, CEIA USA Ltd., Aventura Technologies Inc., Detecta Chem Inc., Viken Detection, Kromek Group plc, Scanna MSC Ltd., Kapri Corp, CDex Inc., Argo Security SRL, Klipper Enterprises

Market Drivers:
Constant surge in the number of drug users is significantly contributing to the growth of the narcotics scanner market. The COVID-19 crisis resulted in great poverty, unemployment, social pressures, and mental health issues, all of which intensified drug users' addiction. A narcotics scanner is a security device that is being used to detect drugs and hazardous substances taken by drug users. For instance, in June 2023, according to the report published by the United Nations Office on Drugs and Crime (UNODC), an Austria-based secretariat office, retained its position as the most widely used drug, with approximately 219 million users, constituting 4.3% of the global adult population in 2021. During the same period, it was reported that 36 million individuals had engaged in amphetamine use, while 22 million had used, The estimate for non-medical opioid use in 2021 reached 60 million people, with 31.5 million individuals specifically using opiates, predominantly . Therefore, the constant surge in the number of drug users is expected to drive the growth of the narcotics scanner market going forward.

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The narcotics scanner market covered in this report is segmented -
1) By Product Type: Handheld Scanner, Tabletop Scanner, Walkthrough Scanner
2) By Technology: Ion Mobility Spectrum Technology, Contraband Detection Equipment, Videoscope Inspection System, Infrared Spectroscopy
3) By End-User: Airport, Sea Port, Railway Terminal, Law Enforcement, Defense And Military, Other End-Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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