Narcotics Scanner Market Scope
A narcotics scanner is a specialized security device used to identify narcotics and other potentially dangerous things. Law enforcement agencies, specialty forces, and defense departments from numerous countries use narcotics scanners to protect themselves against the threat of drug smuggling. For the successful tracking of drugs and related materials, a narcotics scanner employs ion mobility spectrum technology, infrared spectroscopy, contraband detection equipment, a video scope inspection system, and other technology.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | Aventura Technologies, Inc. (United States), Bruker Corporation (United States), FLIR Systems Inc (United States), NUCTECH COMPANY LTD (China), OSI Systems, Inc (United States), Thermo Fisher Scientific Inc (United States) and Viken Detection (United States) |
CAGR | 6.4% |
"According to AMA, the Global Narcotics Scanner market is expected to see growth rate of 6.4% and may see market size of USD11.9 Billion by 2030."The market for Narcotics Scanner is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Narcotics Scanner market throughout the predicted period.
Aventura Technologies, Inc. (United States), Bruker Corporation (United States), FLIR Systems Inc (United States), NUCTECH COMPANY LTD (China), OSI Systems, Inc (United States), Thermo Fisher Scientific Inc (United States) and Viken Detection (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Smiths Detection (United Kingdom) and Thermofisher Scientific Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Narcotics Scanner market by Type , by Application (Airport, Train Station, Military, Transportation, Law Enforcement and Others) and Region with country level break-up.
On the basis of geography, the market of Narcotics Scanner has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2024, Aventura Technologies, Inc. Pleads Guilty to Wire Fraud and Illegal Importation for Reselling Chinese Goods as U.S.-Made
In June 2020, Viken Detection created a handheld and below car x-ray machine that scans automobiles for hidden cash, drugs, and weapons.
The FDA can also grant a supporting handheld machine to regulators in different nations that can check for counterfeit pills and tampered packaging.The corporation recently unveiled on national tv the Counterfeit Detection Device #3, as well as CD3, as it likes to refer to it. In an presence on CNN, FDA Commissioner Dr. Margaret Hamburg illuminated the advantages of the scanner, which uses mild waves to test samples towards stored scans of actual APIs and drugs in its memory. The machine additionally can be used to test if packaging has been tampered with. It emits mild in 10 unique wavelengths and can be used on drugs, powders and inks, Medical Daily reports.
Influencing Trend:
Dual Sensor Technology Is Gaining Popularity and Advanced Sensor Technologies Are Being Used In Drug Scanners
Market Growth Drivers:
Smuggling Cases Are On The Rise All Across The World
Challenges:
High Cost Of Associated To Development Of Narcotics Scanner
Restraints:
Drones And Robotics Can Be Used As A Substitute For Drug Trafficking and Technical Issues Associated To Scanner
Opportunities:
Increasing Sales Across Online Channels and Manage The Illegal Drug Trade, The Government Must Impose Strict Rules
Key Target Audience
Narcotics Scanner Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others