USD 2094 million
Report ID:
SQMIG45J2190 |
Region:
Global |
Published Date: July, 2001
Pages:
260
|Tables:
95
|Figures:
76
Narcotics Scanner Market size was valued at USD 2094 million in 2019 and is poised to grow from USD 2232.3 million in 2023 to USD 3431.12 million by 2031, growing at a CAGR of 6.38% in the forecast period (2024-2031).
Narcotics scanners are specialised security devices used to identify narcotics and other hazardous materials. Narcotics scanners are used by law enforcement organisations, special forces, and defence departments around the world to combat the drug smuggling threat. For the successful tracking of drugs and related materials, narcotics scanners use ion mobility spectrum technology, infrared spectroscopy, contraband detection equipment, video scope inspection system, and other related technology: Governments all across the world have enacted laws and regulations aimed at reducing drug and associated material trafficking. The increasing drug trafficking activities in many countries is a critical driver for the narcotics scanner's growth over the predicted period.
US Narcotics Scanner Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2094 million
Largest Segment
Handheld/portable scanner
Fastest Growth
Growth Rate
6.38% CAGR
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Global Narcotics scanner market is segmented based on product, technology, end users. Based on product Narcotics Scanner Market is further segmented into handheld/portable scanner, fixed scanner, walkthrough scanner. Based on technology Narcotics Scanner Market is further segmented into contraband detection equipment, infrared spectroscopy, ion mobility spectrum technology, video scope inspection system. Based on end users’ Narcotics Scanner Market is further divided into airport, sea port, railway terminal, law enforcement, defence and military, others. Based on region Narcotics Scanner Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Narcotics Scanner Market Analysis by Application:
Based on product, narcotics scanner market is segmented into handheld/portable scanner, fixed scanner, walkthrough scanner.
During the forecast period, the handheld/portable scanner segment is expected to grow the fastest. This increase is due to an increase in demand for lightweight, user-friendly, and portable scanners from a variety of end-users, including law enforcement, police, malls, and customs departments. Handheld scanners are commonly used at checkpoints or during screening procedures.
In 2020, the fixed scanner segment accounted for a sizable part of the narcotics scanner market. This high proportion can be ascribed to the increased use of scanners for baggage, cargo, and vehicle screening applications. During the forecast period, the globally increasing logistics and transportation industry is expected to promote market growth.
Due to the obvious rising number of international and domestic travellers globally, the walkthrough scanner segment had the second-highest share in the base years.
Narcotics Scanner Market Analysis by Technology:
Based on technology narcotics scanner market is further segmented into contraband detection equipment, infrared spectroscopy, ion mobility spectrum technology, video scope inspection system.
video scope inspection system and spectrum technology Due to the increased demand for narcotics and contraband detection by border, prisons, law enforcement, and customs personnel to restrict unauthorised drug trafficking, the contraband technology segment is expected to be the fastest-growing section over the projected period. Contraband detection technology-based equipment detects narcotics, drug traces, explosives, and other potentially hazardous materials.
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Based on region global Narcotics scanner market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
North America had a market value of USD 2.55 billion in 2020 and is predicted to dominate the industry due to the region's high drug consumption. North American countries, such as the United States and Mexico, have seen and reported the greatest increase in illegal drug use. According to the United Nations Office on Drugs and Crime's World Drug Report 2019, North America is the region with the most opioid use. Furthermore, 47,000 people died in the United States in 2017 as a result of an opioid overdose. As a result, the use of these scanners has expanded in North America in order to prevent drug overdose mortality. Asia Pacific had the second-largest market share in the base year and is expected to grow at the fastest CAGR throughout the forecast period. Rising illicit drug production and trade in Asian countries such as China, India, Afghanistan, Pakistan, and others will benefit the region's development. In 2017, Asia Pacific accounted for around 90% of total licit opium production.
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Narcotics Scanner Market Drivers
Increased Alcohol and Drug Usage
Narcotics Scanner Market Restraint
Substitutes for Drug Trafficking Hampering Market Growth
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The global Narcotics scanner market is fragmented, with a prominent market player acquiring a sizable portion. Some of the market's leading companies are Aventura Technologies, Inc., TactiScan, Teledyne FLIR LLC, Rapiscan Systems., Smiths Detection Group Ltd., L3Harris Technologies, Inc., Bruker, ARGO-A SECURITY., Klipper Enterprises., Chemring Group PLC, MATRIX Security & Surveillance Ltd., Teknicom Solutions Ltd., Jamal Jaroudi Group, Autoclear., DetectaChem., Kapri Corp., Bowers & Wilkins., OSI Systems, Inc., Safran and CDEX Inc., among other domestic and global players. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge.
Top Players in the Global Narcotics Scanner Market
Narcotics Scanner Market Recent Developments
February 2021, the Korea Institute of Materials Science researchers developed very quick and reliable wearable sensors using nanomaterial technology to provide on-site drug detection. This optical sensor detects narcotics in sweat and amplifies the optical signal of illegal drugs onto flexible and wearable material.
January 2021, Teledyne Technologies Incorporated, a US-based technology company acquired FLIR Systems Inc. for an amount of $8.2 billion. Through this acquisition, Teledyne aimed to grow its portfolio and deliver a full spectrum of imaging products and technologies. FLIR Systems Inc. is a US-based company that designs and manufacture drugs and narcotics scanner systems.
An international customer awarded OSI Systems Inc. a multi-year contract worth USD 16 million in April 2021. OSI Systems Inc. has committed to provide MRO services for multiple platforms of luggage, vehicle, and cargo inspection systems that are already implemented at certain checkpoints, according to this deal.
Smiths Detection Group Ltd. announced in April 2021 that it has been awarded an indefinite-delivery-indefinite-quantity (ODIQ) contract to provide the HCVP 260 drive-through X-ray inspection system. This contract has been awarded to the United States Departments of Customs and Border Protection (CBP) and Homeland Security. The HCVPZ60 system will be repaired at a Border Patrol checkpoint in Laredo, Texas, by September 2022.
Narcotics Scanning System Technological Advancement to Propel Market Potentiality
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Narcotics scanner market analysis, increased emphasis on technological developments in detecting technologies will emerge as important market growth drivers. Increased government measures to raise public awareness about the dangers of narcotics will exacerbate the market value. Increasing spending to reduce narcotics use while acquiring high-quality scanning tools by other agencies would pave the road for industry expansion. Another aspect boosting market expansion is the high volume of drug trafficking carried out.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2094 million |
Market size value in 2031 | USD 3431.12 million |
Growth Rate | 6.38% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Narcotics Scanner Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Narcotics Scanner Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Narcotics Scanner Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Narcotics Scanner Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Narcotics Scanner Market size was valued at USD 2094 million in 2019 and is poised to grow from USD 2232.3 million in 2023 to USD 3431.12 million by 2031, growing at a CAGR of 6.38% in the forecast period (2024-2031).
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Report ID: SQMIG45J2190
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