Narcotics Scanner Global Market to Observe Highest Growth of $10.6 Billion with an Excellent CAGR of 8.9% by 2028 | Safran SA, Elbit Systems Ltd., Smiths Group PLC, Bruker Corporation, FLIR Systems Inc.

Overview and Scope
A narcotics scanner is a specialized security device utilized for security against the threat of drug smuggling. These are used to protect public places and country borders from the unauthorized use and movement of drugs.

Sizing and Forecast
The narcotics scanner market size has grown strongly in recent years. It will grow from $6.91 billion in 2023 to $7.54 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%.  The growth in the historic period can be attributed to illicit drug production trends, demand for non-intrusive inspection, R&D investments, security threats at borders and ports, increased drug trafficking activities.

The narcotics scanner market size is expected to see strong growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.  The growth in the forecast period can be attributed to public safety investments, rise in illicit drug production, market expansion strategies, adoption of AI and machine learning, stricter border and port security. Major trends in the forecast period include global increase in drug trafficking, regulatory requirements, port security enhancements, demand for non-intrusive inspection, integration of artificial intelligence.

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Segmentation & Regional Insights
The narcotics scanner market covered in this report is segmented –
1) By Product Type: Handheld Scanner, Tabletop Scanner, Walkthrough Scanner
2) By Technology: Ion Mobility Spectrum Technology, Contraband Detection Equipment, Videoscope Inspection System, Infrared Spectroscopy
3) By End-User: Airport, Sea Port, Railway Terminal, Law Enforcement, Defense And Military, Other End-Users

North America was the largest region in the narcotics scanner market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the narcotics scanner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Constant surge in the number of drug users is significantly contributing to the growth of the narcotics scanner market. The COVID-19 crisis resulted in great poverty, unemployment, social pressures, and mental health issues, all of which intensified drug users’ addiction. A narcotics scanner is a security device that is being used to detect drugs and hazardous substances taken by drug users. For instance, in June 2023, according to the report published by the United Nations Office on Drugs and Crime (UNODC), an Austria-based secretariat office, cannabis retained its position as the most widely used drug, with approximately 219 million users, constituting 4.3% of the global adult population in 2021. During the same period, it was reported that 36 million individuals had engaged in amphetamine use, while 22 million had used cocaine. The estimate for non-medical opioid use in 2021 reached 60 million people, with 31.5 million individuals specifically using opiates, predominantly heroin. Therefore, the constant surge in the number of drug users is expected to drive the growth of the narcotics scanner market going forward.

Key Industry Players
Major companies operating in the narcotics scanner market report are Thermo Fisher Scientific Inc., Safran SA, Science Applications International Corporation, Elbit Systems Ltd., Smiths Group plc, Bruker Corporation, FLIR Systems Inc., OSI Systems Inc., NUCTECH Company Ltd., Chemring Group plc, Rapiscan Security Products Inc., Bowers & Wilkins Co, L-3 Security And Detection Systems Inc., Garrett Electronics Inc., Morpho Detection Inc., Implant Sciences Corporation, Astrophysics Inc., Autoclear LLC, NABCO Systems LLC, CEIA USA Ltd., Aventura Technologies Inc., Detecta Chem Inc., Viken Detection, Kromek Group plc, Scanna MSC Ltd., Kapri Corp, CDex Inc., Argo Security SRL, Klipper Enterprises

The narcotics scanner  market report table of contents includes:
1. Executive Summary
2. Narcotics Scanner Market Report Structure
3. Narcotics Scanner Market Trends And Strategies
4. Narcotics Scanner Market – Macro Economic Scenario
5. Narcotics Scanner Market Size And Growth
…..
32. Global Narcotics Scanner Market Competitive Benchmarking
33. Global Narcotics Scanner Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Narcotics Scanner Market
35.Narcotics Scanner Market Future Outlook and Potential Analysis
36. Appendix

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