Market Challenges And Opportunities

Global Narcotics Scanner Market Drivers:

Rise in illegal drug trafficking leading to growing demand for narcotics scanners to boost the market pace

The drug trafficking instances of substances, like methcathinone, cocaine, heroin, and ecstasy are increasing around the world. This in turn is boosting the demand for narcotics scanners across several regions around the globe. The demand is increasing, as these devices help in reducing and stopping the illegal immigration of people carrying drugs and to stop drug trade. These scanning device assist in detecting raw drugs such as rocks, powders, tablets, crystals, and pastes, in a single swipe from any surface. If the identification of these substances is delayed, it could cause a huge loss. Thus, it is important to be proactive in searching the suspect and taking quick actions in these situations. Hence, the aforementioned factors are expected to drive growth of the global narcotics scanner market over the forecast period.

Increasing technological advancements in scanners to augment the market growth

Technological developments such as the development of the dual-sensor technologies, and improving detection quality of narcotics scanners are the major factors fueling growth of the market. Several law enforcement agencies are focusing on implementation of enhanced narcotics analysis technologies designed for improving the safety and welfare of the communities they serve and protect. The quality and sensitivity of the detectors is an important factor. Thus, market vendors are focusing on developing such products by increasing their application in the areas of chemicals, radiation, explosives, biological substance, vehicle inspection, and cargo. Hence, these factors are expected to augment growth of the global narcotic scanner market over the forecast period.

Global Narcotics Scanner Market Opportunities:

Growing profusion of courier and delivery firms around the world is expected to create growth opportunities in the global narcotics scanner market during the forecast period. Drugs can be camouflaged as everyday products such as talcum powder and sweets, and can be moved through the city without getting detected through courier and delivery services. Thus, authorities are creating solutions such as narcotics scanners that allow them to distinguish easily between the narcotic substances from other products. This in turn is expected to offer multiple growth opportunities in the global narcotics scanner market over the forecast period.

Rise in cases of drug seizure is anticipated to provider multiple business opportunities in the global narcotics scanner market over the forecast period. This in turn is leading innovations of novel narcotics scanner and qualitative equipment by market players. In July 2022, the Coast Guard and Customs & Border Protection department of United State had seized 20,000 pounds of drug bags having estimated value of USD 3.6 million on Seattle Port. This bags contains, cocaine, marijuana, heroin, and fentanyl which had transported in cargo containers.

Global Narcotics Scanner Market Restraints:

High cost of narcotics scanners to obstruct the market growth

Several factors are considered while selecting a specific drug detection system. In many cases, the purchase cost of these systems is a limiting factor, specifically when law enforcement in middle- and low-income countries is the purchasing organization. The cost of these systems depending on the choses system ranges from a few hundred dollars to US$ 1 million and above. Thus, high cost of narcotics scanner is a major factor expected to restrain growth of the global narcotics scanner market over the forecast period.

Availability of substitutes such as drones to impede the market growth

Drones are high in demand across several end-use industries across the world. The increasing adoption of drones is also leading to rise in illegal activities related to them. In recent times, drones are being used for narcotics drug trafficking in the U.S.-Mexico border and India among other developed and developing countries. The growing use of drones to violate drug control status thus, stands as a major challenge for the market vendors. Thus, use of drones as a substitute drug trafficking method is expected to hamper growth of the global narcotics scanner market during the forecast period.