The narcotics scanner market is projected to be worth USD7,410.8 million in 2022. The market is expected to reach USD 13,070.3 million in value by 2032 and expand at a steady CAGR of 5.8%.
The number of deaths and those with drug use disorders have surged as a result of the world's drug trafficking activities, which are constantly expanding.
The Global Burden of Disease Study and the Institute for Health Metrics and Evaluation (IHME) claim that 109,520 opioid overdose deaths were reported between 1990 and 2017. They also predicted that in the following years, the number of deaths is likely to rise quickly.
| Report Attribute | Details |
|---|---|
| Narcotics Scanner Market Value (2022) | USD 7,410.8 Million |
| Narcotics Scanner Market Anticipated Value (2032) | USD 13,070.3 Million |
| Narcotics Scanner Market Projected Growth Rate (2022 to 2032) | 5.8% |
Government investments, market-supporting initiatives, and laws would all help to improve the security infrastructure for public transportation, which would help the market expand.
The narcotics scanner market share is anticipated to expand as a result of factors including the rise in international smuggling cases and rising alcohol and drug consumption worldwide.
However, several countries forbid drug testing on the job, which limits market expansion. On the other hand, market participants are expected to benefit from lucrative growth prospects provided by technical advancements, agreements, and contracts entered into with military and law enforcement organizations.
There has been a significant increase in the manufacturing and sale of illegal substances in recent years. The demand for modern narcotics scanning systems and software with high accuracy and quicker screening capability is likely to increase due to the rising global drug control act violations.
The demand for narcotic scanners at airports, which are used to detect and detain travelers in possession of illegal drugs, has also influenced market trends for narcotics scanners, which are expanding alongside increased air traffic. Moreover, the need for narcotics scanners increases significantly as international organizations place a greater emphasis on boosting airport security.
For instance, the International Civil Aviation Organization (ICAO) and the United Nations Office on Drugs and Crime (UNODC) collaborated to reduce criminal and terrorist threats at airports. However, it has not been very helpful for the producers and purchasers of narcotics scanner systems, as it has caused the supply chain to be disrupted, halting the transit of vital components.
In addition, it is anticipated that once commerce and transportation resume, it is likely to be extremely difficult for law enforcement agencies and officials to track and trace the movement of drugs, as smugglers are likely to hunt for new ways to smuggle them.
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Due to the region's high drug consumption, which includes the United States of America and Mexico, North America is expected to dominate the market, with a predicted market share of 29.3% in 2022.
North America is the region with the most opioid consumption, according to the World Drug Report 2019 from the UN Office on Drugs and Crime. Furthermore, opioid overdose deaths caused 47,000 fatalities in the USA in 2017. As a result, the demand for narcotics scanners has increased in North America in an effort to lower the fatality rate from a drug overdose.
In 2022, it is anticipated that Europe would hold a 21.0% narcotics scanner market share.
Due to the strict government regulations that have been put in place regarding the distribution of illegal drugs, a market expansion in Europe is projected.
Due to the increasing drug use activities in the United Kingdom and Northern Ireland, it is projected that the demand for narcotics scanners would increase during the projection period.
Principal Consultant
Leading suppliers of narcotics scanners are focusing on the release of advanced screening technologies to support drug control initiatives by law enforcement organizations. These businesses are also making focused expenditures to expand their worldwide narcotics scanner industry footprint by releasing next-generation scanners in emerging economies.
The company is able to maintain its market position due to the ongoing investments in Research and Development operations, a strong emphasis on product innovation, and long-term partnerships with governmental and authorized authorities.
The other major companies in the market are concentrating on implementing cutting-edge technology, such as artificial intelligence, to improve the manufacturing of these scanners.
| Start-ups/Companies | Development |
|---|---|
| Xerra | Xerra, a business established in 2017 with funding from the Ministry of Business, Innovation, and Employment, currently counts the Ministry of Primary Industries (MPI), New Zealand Customs, the Australian Fisheries Management Authority, and the Pacific Islands Forum Fisheries Agency among its clients. |
| Smiths Detection Group Ltd. | Smiths Detection Group Ltd. announced in April 2021 that it has been awarded an IDIQ contract for the supply of the HCVPTMZ60 drive-through X-ray inspection system. This contract has been given to the USA Department of Homeland Security and Customs and Border Protection (CBP). By September 2022, the HCVPTMZ60 system at a Border Patrol checkpoint in Laredo, Texas, will be rectified. |
| OSI Systems Inc. | December 2020 - OSI Systems Inc. reported that it has been awarded a USD 13 million contract by two major Scandinavian airport operators to supply Orion baggage scanners, Meteor 900M walk-through metal detectors, and 920 CT checkpoint baggage scanners, as well as an integration software. |
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.8% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Technology, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; The Asia Pacific excluding Japan; Japan; The Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
| Key Companies Profiled | Argos Security Services, Inc.; Safran SA; Smiths Group plc; OSI Systems, Inc.; FLIR Systems, Inc.; L-3 Communications Security and Detection Systems Inc.; Aventura Technologies, Inc.; LaserShield Systems, Inc.; Klipper Enterprises, KeTech Group Limited; Chemring Group PLC; MATRIX Security and Surveillance Pvt. Ltd.; CDex Inc, Bruker Corporation; Teknicom Solutions, Mistral Solution; Jamal Jaroudi Group |
| Customization | Available Upon Request |
The narcotics scanner market is projected to have a CAGR of 5.8% through 2032.
North America is leading in the narcotics scanner market, with a share of 29.3% in 2022.
The narcotics scanner market is expected to reach USD 13,070.3 million by 2032.
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Narcotics Scanner Market
