NARCOTICS SCANNER MARKET ANALYSIS
The global narcotics scanner market size was valued at USD 2,232.3 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.38% from 2023 to 2030. The rising number of drug users worldwide and increased production of synthetic narcotics is expected to drive the market growth. Furthermore, enacted stringent government regulations regarding illegal narcotics distribution are also estimated to drive the market in Europe and North America.
Figure 1. Global Narcotics Scanner Market Share (%), By Region
Global Narcotics Scanner Market Trends:
Substantial investments in narcotics scanner by market players is a major trend
Key players in the market are increasingly investing in the industry, due to which the launch of novel and enhanced products has increased, which allows the user to efficiently and smoothly detect the traces of narcotics. For Instance, In 2021, Vehant – a manufacturer of Under Vehicle Scanning Systems (UVSS) in India, launched AI-based Cargo Scanner KritiScan 150180D. It is an advanced Dual energy X-ray based cargo scanner using artificial intelligence (AI) based Algorithms.
Figure 2. Global Narcotics Scanner Market (%), By Segment Type
Global Narcotics Scanner Market Segmentation:
Narcotics Scanner Market Report Snapshots
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