Global Narcotics Scanner Market 2018: Outlook, Products, Application Analysis, Growth, Trends, Competitive Strategies and Forecasts 2018 to 2023
Narcotics Scanner Market Research Report gives Forecasts with Competitive Landscape of the Leading Companies including Global and Regional Analysis of the Narcotics Scanner Market.
Dallas, United States – September 27, 2018 /MarketersMedia/ —
The narcotics scanner market is expected to record a CAGR of over 6%, during the forecast period of 2018-2023. The scope of the report is limited to product types of narcotics scanners, technologies involved, and various end-user industries. The regions considered in the scope of the report include – North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Companies Mentioned:
Argos Security Services, Inc., LaserShield Systems, Inc., L-3 Communications Security and Detection Systems, Inc., Bruker Corporation, Safran SA, OSI Systems, Inc., FLIR Systems, Inc., Aventura Technologies, Inc., Smiths Detection Inc., KeTech Group Limited, Klipper Enterprises, Chemring Group PLC, MATRIX Security and Surveillance Pvt. Ltd., Teknicom Solutions Ltd., Mistral Solutions Pvt. Ltd.
The rising instances of trafficking of cocaine, heroin, etc., have augmented the demand for narcotic scanners in multiple industries, such as law, aviation, and military. As a result, the adoption rate of narcotics scanners is on the rise, to scan and monitor people and luggage, prevent permanent losses, and ensure the safety of people. However, issues related to lack of investments from the transport operators are estimated to hinder the growth of the market, during the forecast period.
Increasing Need for Immediate Response to Catastrophic Attacks
According to a World Drug Report published by the United Nations Office on Drugs and Crime (UNODC), the number of illicit drug users witnessed an increase of 32.2%, across the world, between 2006 and 2016. This indicates that there exists a crucial need to tackle the ill effects of drugs, on health, development, peace, and security, worldwide.
Various law enforcement agencies, such as Phoenix (Arizona) Police Department, are implementing sophisticated narcotics analysis technologies that are designed to improve the safety and welfare of the communities they protect and serve. With the emergence of cannabinoids (K2, spice), dibutylone, and synthetic cathinones (bath salts) that are visually indistinguishable from one another in the market, there is a dire need to deploy narcotic scanners to restrict the unauthorized movements of drugs.
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Asia-Pacific Poised to Record the Fastest Growth
The Asia-Pacific segment is projected to record the fastest growth in the narcotics scanner market, owing to the increasing inflow of investments for the development of the transit sector, particularly airports. The escalation in the production and use of amphetamines and synthetic drugs, in economies, such as China, Singapore, and Vietnam, is anticipated to play a crucial role in the growth of the market studied.
Moreover, the UN Office on Drugs and Crime reported a massive seizure of 287 million methamphetamine tablets in East Asia, which has raised concerns related to excessive usage of drugs in China, Singapore, and Malaysia. These factors are further expected to drive the demand for narcotic scanners, in order to support the prosperity of countries.
Key Developments in the Market
Mar 2018: OSI Systems Inc. facilitated Albanian Customs and State Police, in seizing 1,350 lbs. of cocaine being smuggled into Albania. The narcotics were detected by Rapiscan Eagle® scanning systems, operated by the company’s Albania subsidiary.
Nov 2017: Smiths Detection Inc. launched IONSCAN 600, the first explosive trace detection system to be approved on the TSA Air Cargo Screening Technology List (ACSTL), to ensure the security of cargo aboard airplanes. The IONSCAN 600 is a portable desktop trace detection system that detects minute quantities of explosives, in addition to narcotics (such as fentanyl), within seconds.
Reasons to Purchase this Report
•Current and future narcotics scanner market outlook, in the developed and emerging economies
•Analyzing various perspectives of the market studied, with the help of Porter’s five forces analysis
•The segment that is expected to dominate the market studied
•The regions that are expected to witness the fastest growth, during the forecast period
•Identify the latest developments, market shares, and strategies employed by the major market players
•3 months analyst support along with the Market Estimate sheet (in Excel)
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