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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Major Market Players:
- 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.
Key Market Segments
By End Use
- Sea Port
- Ion Mobility Spectrum Technology
- Infrared Spectroscopy
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.
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.
In the recent years, world has witnessed tremendous rise in drug abuse and alcohol consumption. According to data published by the United Nations, in 2019, an estimated 275 million people worldwide aged 15–64, or 1 in every 18 people in that age group, had used drugs at least once in the previous year. This corresponds to 5.5% of the global population aged 15–64 years. Between 2010 and 2019, the estimated number of past year users of any drug globally increased from 226 million to 274 million, or by 22%, in part as a result of global population growth, which increased by 10% among those aged 15–64 years. Some alcohol and drugs are prohibited and barred by law in many nations. From these nations, law enforcement agencies are expected to spur the demand for narcotics scanner during the forecasted period.
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Key Benefits For Stakeholders
- This study presents analytical depiction of the global narcotics scanner market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall narcotics scanner market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities of the global narcotics scanner market with a detailed impact analysis.
- The current narcotics scanner market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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