NARCOTICS SCANNER MARKET ANALYSIS

Narcotics Scanner Market, By Product Type (Table-top, Handheld, and Walkthrough), By Technology (Ion Mobility Spectrometry (IMS), Contraband Detection Equipment, Visual Inspection System, and Infrared Spectroscopy), By End User (Airport, Public Transportation, Defense and Military, Law Enforcement, and Other End Users), And By Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa)

Published In : Mar 2023
Code : CMI5590
Pages :154
Formats :
Excel and PDF
Industry : Information and Communication Technology

Narcotics Scanner MarketSize and Trends

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