The global narcotics scanner market was valued at $6.89 billion in 2020, and is projected to reach $12.59 billion by 2030, registering a CAGR of 6.6%. Asia-Pacific was the highest revenue contributor, accounting for $2.42 billion in 2020, and is estimated to reach $4.27 billion by 2030, with a CAGR of 6.3%. North America is estimated to reach $4.57 billion by 2030, at a significant CAGR of 7.8%.
Narcotics scanner is a specialized security equipment utilized for the detection of narcotics and other hazardous materials. Narcotics scanners are utilized by the law enforcement agencies, specialty forces, and defense departments of various nations to ensure the security against the drug smuggling threat. Narcotics scanner utilizes the ion mobility spectrum technology, infrared spectroscopy, contraband detection equipment, video scope inspection system, and other related technology for the effective tracking of the drugs and related materials. Governments across the globe have introduced regulations and rules focusing on minimization of drug and related materials trafficking activities. The growing drug trafficking activities across the various countries is the crucial factor for the growth of the narcotics scanner during the forecast period.
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Companies covered in this report study:
• 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
Factors such as rise in cases of smuggling globally, and increasing alcohol and drug consumption across the globe are expected to drive the growth of the narcotics scanner market. However, drug test is prohibited at workplaces in some nations, which restrain the market growth. On the contrary, technological advancements, and entering into agreements and contracts with law enforcement and military agencies are projected to offer lucrative growth opportunities for the market players.
The global narcotics scanner market is segmented on the basis of end use, technology, product, and region. Depending on end use, the market is segregated into airport, railways, sea port, and others. By technology, it is categorized into ion mobility spectrum technology, infrared spectroscopy, and others. Depending on product, it is fragmented into handled, and fixed. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Market Segments
By End Use
• Sea Port
• Ion Mobility Spectrum Technology
• Infrared Spectroscopy
Moreover, some of the smuggled migrants are also forced to contribute toward illicit drugs transportation. New Psychoactive Substances (NPS), Cannabis, Cocaine, Opioids, and Amphetamine-Type Stimulants (ATS) are some of the most smuggled drugs illegally across the globe. According to United Nations Office on Drugs and Crime (UNODC) published data, cannabis, cocaine, opioids, and ATS are consumed by 200 million, 20 million, 62 million, and 27 million population respectively. Moreover, cocaine manufactures have witnessed an increase by around 3.5% in 2019 as compared to 2018. The dramatically rising instances of drug trafficking are expected to drive the growth of the global narcotics scanner market as the products and services available in the market help in identifying and combating this threat.
Law enforcement agencies are the key consumers of narcotics security products & solutions. The procurement activities of these narcotics security solutions are planned by considering the budget allocations and security severity. The commencement of the narcotics security solution is anticipated to be carried out through long-term agreements and contracts between law enforcement agencies and solution suppliers of narcotics security. These agreements mention a set of requirements that must be met in a certain timeframe. These contracts and agreements are associated with long-term business opportunities with these law enforcement agencies as well. Thus, market participants need to focus on winning the contracts and agreements to gain a competitive advantage in the global market.
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