July 20, 2024
Narcotics Scanner Market
Ict

The Adoption Of Narcotics Scanners Is Anticipated To Open Up New Avenues For The Narcotics Scanner Market

Market Overview:

Narcotics scanners are analytical instruments used for identifying narcotics through techniques like ion mobility spectrometry and trace vapor detection. They can detect trace amounts of narcotics on clothing, luggage and other belongings without direct contact. Narcotics scanners find key applications at airports, border checkpoints, correctional facilities and law enforcement sites to curb drug smuggling and trafficking. Major products in the market include vehicle-mounted narcotics scanners and handheld narcotics scanners.

Market Dynamics:

The narcotics scanner market is driven by growing air passenger traffic and rising instances of drug smuggling through airports. According to the International Air Transport Association (IATA), the number of air travelers is projected to double to 8.2 billion by 2037. This widespread air travel has increased cases of narcotics trafficking through various modes like ingesting drugs or concealing them in checked-in baggage. As a result, there is higher emphasis on deploying narcotics detection systems at airports. Additionally, rising drug abuse worldwide has led to stricter enforcement of narcotics control laws, thereby propelling the demand for narcotics scanners from law and border enforcement agencies.

The global Narcotics Scanner Market Demand is estimated to be valued at US$ 2374.72 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The narcotics scanner market can be segmented based on technology, product type, end use and region. By technology, the Raman spectroscopy segment dominates the market as it has the ability to detect chemical composition and molecular structure of various substances including narcotics. By product type, handheld scanners are the most widely used as they are highly portable and easy to use. By end use, the law enforcement segment accounts for the major share as narcotics scanners help detection of illegal drugs and explosives at borders, airports and other public places.

PEST Analysis

Political: Stringent regulations and monitoring of illegal drug trade across borders have boosted demand for advanced narcotics detection technologies.
Economic: Growth in disposable incomes has increased smuggling of narcotics, necessitating greater investments in detection equipment by governments.
Social: Rising substance abuse and drug addiction rates have heightened social security concerns, driving focus onto curbing illegal drug movement.
Technological: Advancements in spectroscopy, imaging and sensor technologies have enhanced narcotics scanners’ capabilities to rapidly and remotely identify various drugs and prevent their misuse.

Key Takeaways

The global narcotics scanner market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing investments by governments worldwide in security screening equipment. North America dominates the market currently owing to large presence of key players and stringent drug control policies enforced by authorities in the region. Europe follows North America in market share due to rising narcotics trafficking via numerous land and sea routes.

The regional analysis of fastest growing and dominating region. North America is expected to maintain its dominance in the narcotics scanner market during the forecast period. This is attributed to large presence of leading manufacturers such as ThermoFisher Scientific, Bruker Corporation and OSI Systems in the region. Furthermore, strong regulatory mandates in countries like the US and Canada regarding drug control further boost the deployment of drug detection systems at airports and border checkpoints.

Key players operating in the narcotics scanner market are ThermoFisher Scientific Inc., OSI Systems Inc., Chemring Group PLC, Bruker Corporation, Viken Detection, FLIR Systems Inc., Astrophysics Inc., Aventura Technologies Inc., Teknicom Solutions Ltd., L3 Security and Detection Systems Inc., Nuctech Company Limited, and Smiths Detection Inc. ThermoFisher Scientific and Bruker Corporation are market leaders owing to their comprehensive product portfolios for drug and explosive detection. OSI Systems and Smiths Detection also have a sizable market share due to a strong focus on research & development of advanced scanning devices.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it