The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s narcotics scanner market report forecasts the narcotics scanner market size to grow to $9.5 Billion by 2027, with a CAGR (compound annual growth rate) of almost 8%.

Learn More On The Narcotics Scanner Market Report 2023 – https://www.thebusinessresearchcompany.com/report/narcotics-scanner-global-market-report

Narcotics Scanner Market Size Forecast
The global narcotics scanner market is expected to grow from $6.36 billion in 2022 to $7.02 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The narcotics scanner market size is expected to grow to $9.5 billion in 2027 at a CAGR of 7.9%.

North America held the largest narcotics scanner market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Narcotics Scanner Market Driver ­– Rise In Constant Surge In The Number Of Drug Users
For instance, according to United Nations Office on Drugs and Crime (UNODC) 2021 World Drug Report, around 275 million drugs users were reported in 2020, and over 36 million people suffered from drug use disorders worldwide. Therefore, the constant surge in the number of drug users is expected to drive the growth of the narcotics scanner market going forward.

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Key Narcotics Scanner Market Trend – Technological Advancement
Major companies operating in the narcotics scanner sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, the Korea Institute of Materials Science researchers developed very quick and reliable wearable sensors using nanomaterial technology to provide on-site drug detection. This optical sensor detects narcotics in sweat and amplifies the optical signal of illegal drugs onto flexible and wearable material.

Narcotics Scanner Market Segment
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

Narcotics Scanner Market Major Players and Strategies
Major players in the narcotics scanner market are Astrophysics Inc., Bruker Corporation, Thermo Fisher Scientific Inc., KLIPPER Enterprises, NUCTECH Company Ltd., OSI Systems Inc., Smiths Group PLC, Leidos, Viken Detection, Autoclear, Kapri Corp., CDex Inc., TactiScan, DetectaChem, and Rapiscan Systems.

In January 2021, Teledyne Technologies Incorporated, a US-based technology company, acquired FLIR Systems Inc. for $8.2 billion. Through this acquisition, Teledyne aimed to grow its portfolio and deliver a full spectrum of imaging products and technologies. FLIR Systems Inc. is a US-based company that designs and manufacture drugs and narcotics scanner systems.

The Narcotics Scanner Global Market Report 2023 covers regional data on narcotics scanner market size, narcotics scanner market trends and drivers, opportunities, strategies, and narcotics scanner market competitor analysis. The countries covered in the narcotics scanner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

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