Praj Nene

The global narcotics scanner market size is projected to exhibit excellent growth prospects on account of the increasing menace of drug trafficking worldwide, observes Fortune Business Insights™ in its report, titled “Narcotics Scanner Market, 2023-2028”. Drug and substance abuse is a deeply rooted socio-economic issue that most countries are being forced to grapple with. According to the World Drug Report 2020 by the UN Office on Drugs and Crime (UNODC), approximately 269 million people around the globe used drugs in 2018, up 30% from 2009, and more than 35 million people suffer from drug-use-related disorders and conditions. One of the major reasons for this growing hazard of drugs is the extensive smuggling of contraband substances across borders, especially in the US, Europe, and South & Southeast Asia. Narcotics scanners have proven to be instrumental in curbing the rampant illegal transport of drugs and other health-deteriorating ingredients and materials. These devices are playing a vital role in ensuring public health worldwide.

The global narcotics scanner market size is projected to exhibit excellent growth prospects on account of the increasing menace of drug trafficking worldwide, observes Fortune Business Insights™ in its report, titled “Narcotics Scanner Market, 2022-2029”. The global narcotics scanner market size was USD 6.20 billion in 2020. The market is projected to grow from USD 6.32 billion in 2021 to USD 9.92 billion in 2028 at a CAGR of 6.64% in the 2021-2028 period. With this market research report, comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the industry can be obtained. In this report, each trend of the market is watchfully analyzed and researched by the market analysts. The market research report comprises of a detailed analysis of the vendor landscape and thorough company profiling of leading players of the worldwide market. The report also recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Competitive Landscape Introduction of Advanced Screeners to Boost the Narcotics Scanner Market Growth Leading developers of narcotics scanners are focusing on launching advanced and sophisticated screening devices to support drug control operations of law enforcement agencies. These companies are also making targeted investments towards expanding their global market footprint by introducing next-gen scanners in emerging economies. List of Key Players Covered in the Narcotics Scanners Market Report Metrohm India Private Limited (India) Smiths Detection Group Ltd (The U.K.) LaserShield Systems Inc. (The U.S.) Aventura Technologies Inc. (The U.S.) Bruker Corporation (The U.S.) Chemring Group PLC (The U.K.) Leidos Holdings, Inc. (The U.S.) Safran SA (France) FLIR Systems Inc. (The U.S.) OSI Systems Inc. (The U.S.) Segmentation By product type, the market’s segments include handheld scanners, tabletop scanners, and walkthrough scanners. Based on technology, this market is divided into ion mobility spectrum technology, contraband detection equipment, and video scope inspection system. On the basis of end-use industry, the market has been grouped into airports, law enforcement, defense & military, public transportation, and others. In terms of geography, the market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. What Does the Report Offer? ➦ From 2020 to 2029, a regional and country-by-country assessment will be made. ➦ For the analysis, historical data from 2019 to 2020 was used, with 2021 serving as the base year and projections from 2023 to 2032. ➦ Review of regional competitors ➦ GAP Analysis of Demand and Supply ➦ Analysis of the major industry players’ market shares ➦ New entrants for market insights. Information Source- https://www.fortunebusinessinsights.com/narcotics-scanner-market-104053