Narcotics Scanner Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Outlook

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Narcotics Scanner Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.6 billion In 2028 At A CAGR Of 8.9% :
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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Narcotics Scanner Market Major Segments
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

Key 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, cannabi*s 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 cocain*e. The estimate for non-medical opioid use in 2021 reached 60 million people, with 31.5 million individuals specifically using opiates, predominantly heroi*n. 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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Prominent Trend - Advancements Reshaping The Narcotics Scanner Market
Technological advancements are shaping the narcotics scanner market. Major companies operating in the narcotics scanner sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, the Korea Institute of Materials Science researchers developed very quick and reliable wearable sensors using nanomaterial technology to provide on-site drug detection. This optical sensor detects narcotics in sweat and amplifies the optical signal of illegal drugs onto flexible and wearable material.

Narcotics Scanner 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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the narcotics scanner market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the narcotics scanner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Narcotics Scanner Market Report Structure
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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