The global narcotics scanner market size is projected to exhibit excellent growth prospects on account of the increasing menace of drug trafficking worldwide, observes Fortune Business Insights™ in its report, titled “Narcotics Scanner Market, 2021-2028”.

Drug and substance abuse is a significant global issue with widespread socio-economic consequences. The UN Office on Drugs and Crime (UNODC) estimates that around 269 million people worldwide used drugs in 2018, representing a 30% increase from 2009, and over 35 million people suffer from drug-related disorders. The smuggling of contraband substances across borders, particularly in the US, Europe, and South & Southeast Asia, is a significant contributor to this growing problem. To combat this issue, narcotics scanners have become an essential tool in preventing the illegal transportation of drugs and other harmful substances. These devices have played a critical role in safeguarding public health worldwide.

The global narcotics scanner market size was USD 6.20 billion in 2020. The market is projected to grow from USD 6.32 billion in 2021 to USD 9.92 billion in 2028 at a CAGR of 6.64% in the 2021-2028 period. 

List of Key Players Covered in the Narcotics Scanners Market Report

  • Metrohm India Private Limited (India)
  • Smiths Detection Group Ltd (The U.K.)
  • LaserShield Systems Inc. (The U.S.)
  • Aventura Technologies Inc. (The U.S.)
  • Bruker Corporation (The U.S.)
  • Chemring Group PLC (The U.K.)
  • Leidos Holdings, Inc. (The U.S.)
  • Safran SA (France)
  • FLIR Systems Inc. (The U.S.)
  • OSI Systems Inc. (The U.S.)

Competitive Landscape

Introduction of Advanced Screeners to Boost the Narcotics Scanner Market Growth

Leading developers of narcotics scanners are focusing on launching advanced and sophisticated screening devices to support drug control operations of law enforcement agencies. These companies are also making targeted investments towards expanding their global market footprint by introducing next-gen scanners in emerging economies.  

Segmentation

By product type, the market’s segments include handheld scanners, tabletop scanners, and walkthrough scanners. Based on technology, this market is divided into ion mobility spectrum technology, contraband detection equipment, and video scope inspection system. On the basis of end-use industry, the market has been grouped into airports, law enforcement, defense & military, public transportation, and others. In terms of geography, the market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Information Source-

https://www.fortunebusinessinsights.com/narcotics-scanner-market-104053

What Does the Report Offer?

The report contains a rigorous study of all factors and trends driving and shaping the size, share, and revenue of the market. Further, the report supplies a microscopic examination of the hindrances obstructing the growth of the market, as well as provides a careful analysis of the market segments. Additionally, a detailed assessment of the competitive landscape and regional prospects of the market are also incorporated into the report.

 

Driving Factor

Illicit Production & Distribution of Drugs amid COVID-19 to Bolster Market Growth

The COVID-19 pandemic has had catastrophic economic consequences, pushing millions of people, who were on the brink of poverty and deprivation prior to the pandemic, over the edge. UNODC’s World Drug Report 2020 states that economic hardship triggered by the coronavirus may lead to a large number of people resorting to illegal drug-related activities to secure their livelihoods. Furthermore, the same report also highlighted that drug markets have grown and expanded in Asia Pacific, particularly Southeast Asia, remaining relatively unaffected by the pandemic. The coronavirus has, therefore, heightened the need for narcotics scanners as smugglers are finding new routes to traffic contraband substances across borders. For example, the UNODC reported a significant increase in the usage of maritime routes to smuggle heroin into Europe amid the pandemic, as trafficking via land routes has become riskier in recent times. Thus, rising drug production and supply activities in the midst of the current health crisis will necessitate the deployment of effective technologies, which favors this market.