Narcotics Scanner Market to Witness Increased Revenue Growth Owing to Rising Drug Trafficking Globally

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The narcotics scanner market comprises advanced instruments that are used to detect narcotics and contraband items through technological means. Narcotics scanners have emerged as a reliable solution to combat drug smuggling by identifying traces of narcotics in luggage, cargo, vehicles, and other carriers. These scanners allow non-intrusive screening with the help of technologies such as ion mobility spectroscopy, trace detectors and X-ray transmission and have enabled enhanced security checks at airports, institutional facilities, logistics hubs and border crossings. 
The global narcotics scanner market size was valued at USD 2,232.3 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.38% from 2023 to 2030.

Key Takeaways

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.

The Narcotics Scanner Market size is expected to witness lucrative growth opportunities owing to the rising installation of walkthrough narcotics scanners, portable scanners, and scanners integrated with Artificial Intelligence and data analytics at public places.
Moreover, increasing number of megaprojects such as high speed railways, metros and airports in developing nations will boost the demand for narcotics scanners. The market is also anticipated to expand globally on account of growing cross border drug trafficking and rising need for safety and security checks across nations. Key manufacturers are focusing on emerging markets of Middle East, Asia Pacific and Latin America to tap potential growth prospects in these regions.

Market Drivers 

One of the primary drivers fueling the narcotics scanner market growth is rising drug trafficking globally. According to the UNODC, globally around 275 million people used drugs at least once in 2020. This has necessitated heightened safety checks and propelled installation of advanced narcotics scanning systems. Furthermore, increased spending of governments and law enforcement agencies on weapons and explosives detection systems is also driving the demand for these scanners.
PEST Analysis 
Political: The narcotics scanner market is affected by various government policies and regulations regarding import/export of narcotics and illegal substances across borders. Strict screening procedures are mandated at airports and ports to curb drug trafficking.

Economic: The economic growth worldwide is driving greater passenger and freight traffic across borders, necessitating more advanced screening technologies at checkpoints to detect concealed narcotics. Developing economies are increasing security spending to curb drug smuggling. 

Social: The rising issue of drug abuse has led to a societal demand for enhanced safety, national security, and public health. Within the context of the Narcotics Scanner Market challenges and opportunities smuggling rings continue illicit operations. Scanners play a crucial role in detecting concealed substances and disrupting such activities.

Technological: Advanced technologies like millimeter wave imaging, terahertz imaging and ion mobility spectrometry are enhancing detection capabilities. Dual energy X-ray allows differentiation of organic and inorganic materials. Multi-sensor data fusion provides high accuracy. Recent scanners exploit AI/ML for threat recognition.

Geographical Regions 
North America holds the largest share due to strict regulatory measures and increased security spending. Considerable presence of key players also aid regional growth. Europe follows suit backed by initiatives to curb terrorism and its proceeds. Cross-border drug trade threatens Asia Pacific and Latin America, boosting scanner installation at airports and seaports here. Africa and the Middle East also implement substance detection systems amid smuggling activities.

Fastest growing region 
Asia Pacific exhibits the fastest growth in the narcotics scanner market owing to rising regulations across major economies like China, India, Japan and Australia. Burgeoning passenger traffic supported by a growing middle class drives regional airports and seaports to opt for advanced scanning solutions. Initiatives to curb smuggling from the Golden Crescent further boosts adoption.


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https://www.zupyak.com/p/4381744/t/narcotics-scanner-market-is-set-to-proliferate-innovations-by-rapid-technological-advancements

About Author:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

 

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