The global demand for Narcotics Scanner Market is presumed to reach the market size of nearly USD 14.28 BN by 2028 from USD 8.5 BN in 2021 with a CAGR of 7.7% under the study period 2022 - 2028.
A narcotics scanner is an advanced security equipment mainly employed for the spotting of narcotics and other hazardous substances. Narcotics scanners are availed by specialty forces, law enforcement agencies, and the departments of defense of various nations to warrant security against the drug smuggling threat. Narcotics scanners make use of infrared spectroscopy, video scope inspection systems, ion mobility spectrum technology, contraband detection equipment, and other associated technology for the effective tracking of drugs and other related materials.
The narcotics scanner market is expected show a growth trend due to factors like rising drug and alcohol consumption and a rise in international smuggling cases across the globe. Market-supporting initiatives, government investments, and laws would all assist in enhancing the security framework for public transportation, which would support the narcotics scanner market's growth. The need for advanced narcotics scanning systems and software tools with quicker screening capabilities and more accuracy is likely to rise due to the increasing global violation of drug control acts. Furthermore, the demand for narcotics scanners is rising predominantly as international organizations place a greater emphasis on promoting security at the airport. Another major factor driving the growth of the narcotics scanner market is the high rate of drug trafficking.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of narcotics scanner. The growth and trends of narcotics scanner industry provide a holistic approach to this study.
This section of the narcotics scanner market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End Use
- Sea Port
- Ion Mobility Spectrum Technology
- Infrared Spectroscopy
This section covers the regional outlook, which accentuates current and future demand for the Narcotics Scanner market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Narcotics Scanner Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the narcotics scanner market include Astrophysics Inc., Aventura Technologies Inc., Bruker Corporation, FLIR Systems Inc., Klipper Enterprises, Nuctech Company LTD, OSI Systems, Inc., Smiths Group PLC, Thermo Fisher Scientific Inc., Viken Detection. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.