by Market Overview:
Narcotics scanners are used to detect drug traces in luggage, vehicles, shipping containers and on person. They help identify the type and amount of illicit drugs through spectroscopy technology without compromising privacy.
Market key trends:
One of the key trends in the narcotics scanner market is the increasing adoption of new spectroscopic technologies like Raman spectroscopy and hyperspectral imaging for drug detection. Raman spectroscopy produces a unique molecular fingerprint that enables identification of composition and purity of substances. Hyperspectral imaging combines digital imaging and spectroscopy techniques to identify materials based on their light spectral properties. It allows screening large areas rapidly without contacting persons or belongings. The non-intrusive nature and accuracy of these new technologies is driving their increasing adoption over conventional drug detection methods. Furthermore, integration of AI and machine learning solutions is helping narcotics scanners analyze huge datasets, recognize patterns and improve detection capabilities over time without human intervention.
One of the key trends in the narcotics scanner market is the growing use of advanced technologies for enhanced substance detection capabilities. Narcotics scanners are increasingly being equipped with technologies such as X-ray transmission imaging, ion mobility spectrometry, and infrared and fluorescence spectroscopy for comprehensive identification of chemical compounds. These advanced detection techniques enable multi-substance scanning for improved safety screening at airports, cargo ports, correctional facilities and other high-security locations. Moreover, miniaturization of scanner components is allowing for portable and handheld devices with high detection accuracy.
The global Narcotics Scanner Market Demand is estimated to be valued at US$ 2374.72 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Advanced technological capabilities of new generation scanners for wide-ranging identification of narcotics.
Weakness: High production and maintenance costs of sophisticated scanner systems limit widespread adoption.
Opportunity: Growing security screening needs at public places and events provide opportunities for scanner vendors.
Threats: The development of new psychoactive substances poses challenges for continuous database updates of scanners.
Key Takeaways
The global narcotics scanner market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing security spending on substance detection solutions across industries.
The North American region dominates the narcotics scanner market currently due to large presence of leading manufacturers and the fastest adoption of advanced screening technologies in use case verticals such as law enforcement in the US and Canada.
Key players operating in the narcotics scanner market are ThermoFisher Scientific Inc., OSI Systems Inc., Chemring Group PLC, Bruker Corporation, Viken Detection, FLIR Systems Inc., Astrophysics Inc., Aventura Technologies Inc., Teknicom Solutions Ltd., L3 Security and Detection Systems Inc., Nuctech Company Limited, and Smiths Detection Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
