Press release
Global Narcotics Scanner Market: Insights into Market Size, Growth Drivers and Key Trends
"Soaring Market Growth Projected for Global Narcotics Scanner Market
The global narcotics scanner market has experienced strong growth over recent years, with projected increases expected in the future.
What Is The Projected Market Size Of The Global Narcotics Scanner Market And Its Growth Rate?
•The narcotics scanner market grew from $7.48 billion in 2024 to $8.14 billion in 2025, equating to a compound annual growth rate (CAGR) of 8.8%.
•By 2029, the market is anticipated to grow to $11.55 billion, signaling a CAGR of 9.1%.
What Is Driving The Growth In The Narcotics Scanner Market?
Factors such as the surge in the number of drug users is significantly contributing to the growth of the market. The COVID-19 pandemic has resulted in increased poverty, unemployment, and mental health challenges, escalating addiction problems among drug users. This has consequently amplified the usage of narcotics scanners, devices used to detect drugs and hazardous substances. For instance, a 20% increase in the number of drug users over the last decade to 292 million in 2022 has been reported by the Press Information Bureau, a nodal agency. This rise in drug user numbers is expected to drive the growth of the narcotics scanner market in the future.
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Who Are the Key Players Driving Narcotics Scanner Market Growth?
•Thermo Fisher Scientific Inc.
•Safran SA
•Science Applications International Corporation (SAIC)
•Elbit Systems Ltd.
•Smiths Group plc
•Bruker Corporation
•FLIR Systems Inc.
•OSI Systems Inc.
•NUCTECH Company Ltd.
•Chemring Group plc
•Rapiscan Security Products Inc.
What Are The Key Trends In The Narcotics Scanner Market?
•Global increase in drug trafficking
•Stricter regulatory requirements
•Enhancements in port security
•Growing demand for non-intrusive inspection
•Integration of artificial intelligence
What Are The Segments Of The Global Narcotics Scanner Market?
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
Which Region Leads The Narcotics Scanner Market?
In 2024, North America held the largest share of the narcotics scanner market. However, Asia-Pacific is anticipated to be the fastest-growing region in the foreseeable future.
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What Is Covered In The Narcotics Scanner Market Global Market Report?
- Market Size Analysis: Analyze the Narcotics Scanner Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Narcotics Scanner Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Narcotics Scanner Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Narcotics Scanner Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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