Press release
Rising Drug Use Amidst Global Challenges Propels Growth In The Narcotics Scanner Market Driver: A Major Catalyst in the Evolution of the Narcotics Scanner Market in 2025
Which drivers are expected to have the greatest impact on the over the narcotics scanner market's growth?The escalating count of drug users is substantially boosting the narcotics scanner market's expansion. The COVID-19 situation has caused severe poverty, unemployment, social stresses, and mental health problems, exacerbating drug users' dependencies. Narcotics scanners are security instruments used to detect drugs and risky substances consumed by drug addicts. For instance, the Press Information Bureau, a central agency, reported that the number of drug users has surged to 292 million in 2022, marking a 20% rise in a decade. As such, the continuous increase in the number of drug users will likely fuel the growth of the narcotics scanner market in the future.
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What is the future CAGR of the narcotics scanner market, and how will it impact industry expansion?
The size of the narcotics scanner market has experienced notable expansion in the past few years. The anticipated growth is from $7.48 billion in 2024 to $8.14 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The surge during the historic timeframe can be linked to the trends in illegal drug manufacturing, the need for non-invasive inspections, research and development investments, security risks in border areas and ports, as well as increased activities in drug trafficking.
The market size of narcotics scanners is predicted to witness significant expansion in the forthcoming years, with an anticipated valuation of $11.55 billion in 2029 and a compound annual growth rate (CAGR) of 9.1%. Factors propelling growth during this forecast period include initiatives directed towards public safety, surge in the production of illegal drugs, market diversification approaches, adoption of artificial intelligence and machine learning, and tightened security at borders and ports. Key trends anticipated during this period consist of a worldwide spike in drug trafficking, regulatory requirements, boosted port security, demand for non-intrusive checks, and the integration of artificial intelligence.
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What are the most significant trends transforming the narcotics scanner market today?
Developments in technology are influencing the growth of the narcotics scanner market. The prominent players in the narcotics scanner industry are prioritizing the creation of new technological innovations to solidify their market standing. For example, in 2022, Smiths Detection released The IONSCAN 600, a high precision trace detection machine designed to identify both explosives and narcotics concurrently. Its lightweight and portable desktop design makes it perfect for a host of screening settings, such as airports and law enforcement operations.
Which key market segments comprise the narcotics scanner market and drive its revenue growth?
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
Subsegments:
1) By Handheld Scanner: Portable Narcotics Detection Devices, Battery-Operated Handheld Scanners
2) By Tabletop Scanner: Fixed Narcotics Detection Systems, High-Throughput Tabletop Scanners
3) By Walkthrough Scanner: Walkthrough Detection Systems, Automated Walkthrough Scanners for Security Checkpoints
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What regions are at the forefront of narcotics scanner market expansion?
North America was the largest region in the narcotics scanner market in 2024. 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.
Who are the leading players fueling growth in the narcotics scanner market?
Major companies operating in the narcotics scanner market include 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., L-3 Security and Detection Systems Inc., Garrett Electronics Inc., Morpho Detection Inc., Astrophysics Inc., Autoclear LLC, NABCO Systems LLC, CEIA USA Ltd., Aventura Technologies Inc., Detecta Chem Inc., Viken Detection, Kromek Group plc, Scanna MSC Ltd., Argo Security SRL.
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What Is Covered In The Narcotics Scanner Global Market Report?
•Market Size Forecast: Examine the narcotics scanner market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the narcotics scanner market for a structured understanding.
•Key Players Overview: Analyze major players in the narcotics scanner market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the narcotics scanner market.
•Segment Contributions: Evaluate how different segments drive overall growth in the narcotics scanner market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the narcotics scanner market.
•Industry Challenges: Identify potential risks and obstacles affecting the narcotics scanner market.
•Competitive Landscape: Review strategic developments in the narcotics scanner market, including expansions, agreements, and new product launches.
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