Global Narcotics Scanner Market Analysis & Trends - Industry Forecast to 2030
Narcotics Scanner: Market Size
From $8.3 million in 2024, the global Narcotics Scanner market is projected to reach $15.1 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increasing sales across online channels, manage the illegal drug trade, the government must impose strict rules and increasing alcohol and drug consumption across the globe.
Global Narcotics Scanner Market: Market Dynamics The factors such as the increasing alcohol and drug consumption across the globe and rise in cases of smuggling globally are driving the market growth.
On the other hand, drug test is prohibited at workplaces in some nations which is likely to obstruct the profit boundaries.
Impact of COVID-19 on Narcotics Scanner The emergence of the COVID-19 pandemic, a deadly respiratory disease that initiated in China, is now become a worldwide concern and has also affected the educational robot market. There is a negative impact of Covid-19 on narcotics scanner market due to commute restrictions and expected weak financial performance of the market players in 2020. Supply chain execution, regulatory & policy changes, labour reliance, working capital management, and liquidity & solvency management are the primary risk considerations for narcotics scanner industry players.
By End User
Airport Segment Dominate the Market in 2024 The airport segment made huge revenue in the market during the forecast period. Drug trafficking, transnational organised crime, and terrorism frequently use airports as a transit point. As a result, the need for trace detection systems is expanding in line with the rise of drug trafficking and criminal activity in the area. Thereby driving the segment growth.
By Geography
Asia Pacific Region is Leading in the Global Market Place Asia Pacific region is likely to have a huge demand in the forecast period because of the growing inflow of capital for the development of the transportation industry, notably airports. The rise in the manufacturing and consumption of synthetic drugs like amphetamines in economies like Singapore, China, and Vietnam is expected to be a major factor in the market's expansion.
List of the Key Players Profiled in the Market Include: • Astrophysics Inc. • Aventura Technologies Inc. • Bruker Corporation • Chemring Group PLC • FLIR Systems Inc. • L-3 Security And Detection Systems Inc. • Nuctech Company Limited • OSI Systems Inc. • Smiths Detection Inc. • Thermofisher Scientific Inc. • Viken Detection
List of the Regions/Countries Profiled in the Market Include: North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Product Analysis
1.6 Technology Analysis
1.7 End User Analysis
1.8 Strategic Benchmarking
1.9 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Increasing Sales Across Online Channels
4.1.2 Manage The Illegal Drug Trade, The Government Must Impose Strict Rules
4.1.3 Increasing Alcohol and Drug Consumption across the Globe