Narcotic Scanner Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Table top, Hand handle), By End User (Airports, Defense and Military, Law and Enforcement), And By Geography - Forecasts From 2021 To 2026
- Published : Jul 2021
- Report Code : KSI061611780
- Pages : 132
The global narcotics scanner market is projected to grow at a CAGR of 7.54% over the forecast period, increasing from US$4.664 billion in 2019 to reach a total market size of US$7.758 billion by 2026.
Narcotics are drugs that possess several medicinal uses such as severe pain control, anxiety relief, sleep induction, etc. However, they are widely abused as drugs when taken without the prescription of a physician. Narcotics are often smuggled, which has paved the way for the narcotics drug trade, globally. Due to the increased trafficking of cannabis, cocaine, ecstasy, and heroin, there is rising demand for narcotics scanners in law enforcement, aviation, and the military. These scanners protect country borders from the unauthorized movement of these drugs. Owing to the rising demand for narcotics scanners, there is an increase in the development of technologies and more investment is being done in research and development to detect all forms of drugs. According to the UNODC report, globally, 35 million people are estimated to suffer from drug use disorders and who require treatment services. Around 11 million people injected drugs, of whom 1.4 million live with HIV and 5.6 million with hepatitis C, this indicates there is a need to tackle the ill effects of drugs, on health, development, peace, and security all over the world which supplements the market growth.
Furthermore, law enforcement agencies, such as Phoenix (Arizona) Police Department, are implementing sophisticated narcotics analysis technologies which are designed to improve the safety and welfare of the people. In July 2020, Mississippi’s law enforcement officers procured a new VIKEN HBI-120 handheld X-Ray Imager to track drugs and to provide protection to the law enforcement officers by offering a hidden weapon detection facility. Such initiatives by the governing bodies across the globe will further support the market growth of the global narcotics scanners market during the forecast period. Moreover, quick response to any catastrophic attacks also affects the demand and works as a market driver for the industry.
Global NARCOTICS SCANNER Market, US$ billion, 2019 to 2026
(SAMPLE FIGURE)
Source: Knowledge Sourcing Intelligence Analysis
By type, the handheld segment is expected to a significant market share as they are lightweight, easy to hold, and portable. These scanners are estimated to grow at a staggering growth rate owing to the multiple uses of handheld scanners in public transports, airports, malls, buildings, etc. By end-user, the Law Enforcement and Airports segments are projected to hold a dominant market share due to the increasing trafficking of drugs, worldwide. Geographically, the North American region is estimated to hold the largest share in the narcotics scanner market owing to the early adoption of advanced technologies followed by Europe, Asia-Pacific, and MEA regions. The factor that contributes to the market growth in the Asia Pacific region is the high rate of adoption of the technologies such as advanced sensors in the narcotics scanners is driving the growth of the narcotics scanner market.
Global Narcotics Scanner Market share, by geography
SAMPLE FIGURE
2019 2026
Source: Knowledge Sourcing Intelligence Analysis
Growth Factors.
- An increasing number of drug users.
The constant surge in the number of drug users nationwide is expected to drive the narcotics scanner market. According to a World Drug Report published by (UNODC), the number of illicit drug users witnessed an increase of 32.2%, across the world, between 2006 and 2016, which in turn will propel the drug trade, subsequently supporting the market growth of the narcotics scanners. According to the World Health Organization, there are approximately 20 million individuals in the US with a substance use disorder. These increasing numbers will create an increased demand for the scanner which in turn will drive the market growth during the forecast period.
COVID–19 Impact On Narcotic Scanner Market
The Covid-19 pandemic negatively impacted the Global narcotics scanner market, as due to the lockdown and travel and trade restrictions imposed by the governments, worldwide all the public transports, airports, malls, etc. were shut down, due to which no new scanners could be installed. Also, the production of these scanners came to a halt as the factories were instructed to temporarily discontinue their operations. Furthermore, the governments of both developed and developing countries focused all their funds towards combating the virus outbreak which further hampered the market growth. However, with the ease of restrictions and the unlocking of public transport and public places, the narcotics scanner market is expected to rebound.
Competitive Insights.
The market leaders for the Global narcotics scanner market consists of FLIR Systems, Inc., OSI Systems, Inc., Smiths Detection, Inc., L3 Communications Security & Detection Systems, Aventura Technologies, Inc., Matrix Security and Surveillance Pvt. Ltd., Bruker Corporation, B&W Tek, Mistral Solutions Pvt. Ltd., and Argo-A Security. The key players in the market implement growth strategies such as product launches, mergers, and acquisitions, etc. to gain a competitive advantage over their competitors. For instance, OSI Systems, Inc. helped Albanian Customs and State Police, in seizing 1,350 lbs. of cocaine being smuggled into Albania using Rapiscan Eagle® scanning systems, operated by the company’s Albania subsidiary.
Narcotic Scanner Market Scope:
Report Metric | Details |
Market size value in 2019 | US$4.664 billion |
Market size value in 2026 | US$7.758 billion |
Growth Rate | CAGR of 7.54% from 2019 to 2026 |
Base year | 2019 |
Forecast period | 2021–2026 |
Forecast Unit (Value) | USD Billion |
Segments covered | Type, End-User, And Geography |
Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered | FLIR Systems, Inc., OSI Systems, Inc., Smiths Detection, Inc., L3 Communications Security & Detection Systems, Aventura Technologies, Inc., Matrix Security and Surveillance Pvt. Ltd., Bruker Corporation, B&W Tek, Mistral Solutions Pvt. Ltd., Argo- A Security |
Customization scope | Free report customization with purchase |
Segmentation:
- By Type
- Tabletop
- Handheld
- By End-User
- Airports
- Defense and Military
- Law and Enforcement
- By Geography
- North America
- USA
- Canadá
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- Indonesia
- Taiwan
- Thailand
- Others
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the narcotics scanner market size by 2026?
A1. The global narcotics scanner market is projected to reach a total market size of US$7.758 billion by 2026.
Q2. What is the size of global narcotics scanner market?
A2. Narcotic Scanner Market was valued at US$4.664 billion in 2019.
Q3. What are the growth prospects for narcotics scanner market?
A3. The narcotics scanner market is projected to grow at a CAGR of 7.54% during the forecast period.
Q4. Which region holds the maximum market share in the narcotics scanner market?
A4. Geographically, the North American region is estimated to hold the largest share in the narcotics scanner market owing to the early adoption of advanced technologies.
Q5. What factors are anticipated to drive the narcotics scanner market growth?
A5. Due to the increased trafficking of cannabis, cocaine, ecstasy, and heroin, there is rising demand for narcotics scanners in law enforcement, aviation, and the military.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Narcotics Scanners Market Analysis, By Type
5.1. Introduction
5.2. Tabletop
5.3. Handheld
6. Global Narcotics Scanners Market Analysis, By End-User
6.1. Introduction
6.2. Airports
6.3. Defense and Military
6.4. Law and Enforcement
7. Global Narcotics Scanners Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.2.4. Others
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. Indonesia
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Others
8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. Company Profiles
9.1. FLIR Systems, Inc.
9.2. OSI Systems, Inc.
9.3. Smiths Detection Inc.
9.4. L3 Communications Security & Detection Systems
9.5. Aventura Technologies, Inc.
9.6. Matrix Security and Surveillance Pvt. Ltd.
9.7. Bruker Corporation
9.8. B&W Tek
9.9. Mistral Solutions Pvt. Ltd.
9.10. Argo-A Security
FLIR Systems, Inc.
OSI Systems, Inc.
Smiths Detection, Inc.
L3 Communications Security & Detection Systems
Aventura Technologies, Inc.
Matrix Security and Surveillance Pvt. Ltd.
Bruker Corporation
B&W Tek
Mistral Solutions Pvt. Ltd.
Argo-A Security
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