Narcotics Scanner Market Outlook 2024: Exclusive Report By The Business Research Company | Thermo Fisher Scientific Inc., Safran SA, Science Applications International Corporation, Elbit Systems Ltd.

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The Business Research Company offers in-depth market insights through Narcotics Scanner Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - Rising Drug Use Amidst Global Challenges Propels Growth In The Narcotics Scanner Market
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, marijuana 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 sugar. The estimate for non-medical opioid use in 2021 reached 60 million people, with 31.5 million individuals specifically using opiates, predominantly drug. Therefore, the constant surge in the number of drug users is expected to drive the growth of the narcotics scanner market going forward.

Competitive Landscape:
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

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Top Trend - Innovative Advancements In The Narcotics Scanner Market
Major companies operating in the narcotics scanner market are developing innovative products, such as touchless narcotic scanners, to meet larger customer bases, increase sales, and increase revenue. A touchless narcotic scanner is a type of drug detection system that operates without physical contact, allowing for non-invasive and discreet screening. For instance, in April 2021, Thermo Fisher Scientific Inc., a US-based biotechnology company, launched the 1064 Defender Raman Analyzer. The 1064 Defender Raman Analyzer stands out with its touchless, targeted approach that significantly improves the detection of street drug and other fluorescent narcotics, all without the need to remove them from their packaging. Its scanner mode, equipped with a comprehensive, modular, and user-expandable library of controlled substances, eliminates uncertainty in substance identification. The analyzer provides results in a clear warning or alert format, ensuring users are well-informed about the necessary actions. Furthermore, the integration of the scanner with the analyzer's GPS and digital camera offers an enhanced route to interdiction and establishes a secure chain of custody. Notably, the 1064 Defender Raman Analyzer is equipped with Wi-Fi and USB connectivity, facilitating seamless data transfer throughout law enforcement agencies.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Narcotics Scanner Market Characteristics
3. Narcotics Scanner Market Trends And Strategies
4. Narcotics Scanner Market - Macro Economic Scenario
5. Narcotics Scanner Market Size And Growth
…..
27. Narcotics Scanner Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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