What is the Global market size of the Narcotics Scanner Market?

Global Narcotics Scanner Market size was valued at USD 2094 million in 2021 and is poised to grow from USD 2232.3 million in 2022 to USD 3431.12 million by 2030, growing at a CAGR of 6.38% in the forecast period (2023-2030).

Who are the key vendors in the Global Narcotics Scanner Market?

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. 'OSI Systems Inc.', 'Smiths Detection', 'Morpho Detection', 'L3 Security & Detection Systems', 'NUCTECH Company Limited', 'Analogic Corporation', 'Safran Identity & Security (Morpho Detection)', 'ADANI Systems Inc.', 'Laser Detect Systems (LDS)', 'Astrophysics Inc.', 'Westminster International Ltd.', 'American Science and Engineering, Inc.', 'CEIA SpA', 'Argus TrueID', 'Viken Detection', 'Godrej Security Solutions', 'Metrasens', 'Scanna MSC Ltd.', 'Adani Group', 'ODSecurity'

What is the key driver of the Global Narcotics Scanner Market?

Increased alcohol and drug usage around the world According to United Nations data, an estimated 275 million people worldwide aged 15-64, or one out of every 18 people in that age group, had used drugs at least once in the previous years. This equates to 6% of the global population aged 15-64 years. Between 2010 and 2019, the estimated number of past-year users of any drug climbed by 22%, from 226 million to 274 million, due in part to worldwide population growth, which increased by 10% among those driving market growth.

Narcotics Scanner Market Size, Share, Growth Analysis, By Product(Handheld/ Portable scanner, Fixed scanner, Walkthrough scanner), By Technology(Contrab, detection equipment, infrared spectroscopy, ion mobility spectrum technology), By End users(Airport, Seaport, Railway terminal, Law enforcement), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2190 | Region: Global | Published Date: July, 2001
Pages: 260 | Tables: 95 | Figures: 76

Narcotics Scanner Market Regional Insights

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 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).

The 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 players. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge. 'OSI Systems Inc.', 'Smiths Detection', 'Morpho Detection', 'L3 Security & Detection Systems', 'NUCTECH Company Limited', 'Analogic Corporation', 'Safran Identity & Security (Morpho Detection)', 'ADANI Systems Inc.', 'Laser Detect Systems (LDS)', 'Astrophysics Inc.', 'Westminster International Ltd.', 'American Science and Engineering, Inc.', 'CEIA SpA', 'Argus TrueID', 'Viken Detection', 'Godrej Security Solutions', 'Metrasens', 'Scanna MSC Ltd.', 'Adani Group', 'ODSecurity'

Increased alcohol and drug usage around the world According to United Nations data, an estimated 275 million people worldwide aged 15-64, or one out of every 18 people in that age group, had used drugs at least once in the previous years. This equates to 6% of the population aged 15-64 years. Between 2010 and 2019, the estimated number of past-year users of any drug climbed by 22%, from 226 million to 274 million, due in part to worldwide population growth, which increased by 10% among those driving market growth.

The manufacture and distribution of illegal substances has increased dramatically in recent years. The increased violation of drug control laws around the world would increase demand for improved narcotics scanning devices and software with high accuracy and faster screening capability. The primary focus of key scanner manufacturers and research and development teams is on producing compact, pocket-sized, mobile narcotics scanners with real-time data detection and user-friendly data analysis software. These important players are also concentrating on implementing innovative technologies to improve product performance, such as artificial intelligence (AI), dual sensor technology, image processing, and X-ray technologies.

Based on region Narcotics scanner market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.

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Narcotics Scanner Market Regional Insights

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