Global Narcotics Scanner Market 2017-2021

Overview of the global narcotics scanner market

As per the Technavio’s market research report, the global narcotics scanner market is expected to grow at steady rate and will post a CAGR of more than 6% during the forecast period. The growing need for quick response to catastrophic attacks will drive the growth prospects for the global narcotics scanner market until the end of 2021. Instances of drug trafficking is increasing on a global level particularly in mass transit locations such as bus and railway stations, airports, and marine ports. As a result, the adoption rate of narcotics scanners is increasing to monitor, scan people and luggage, ensure the safety of people, and prevent irrevocable losses. Since the delay in the identification of unknown narcotics and explosives can result in a huge loss, various law enforcement agents are expected to be proactive to look for a suspect, act quickly, rescue victims, and take precautionary measures for the safety of people, which further drives the demand for narcotics scanners.

The emergence of dual sensor technology will drive the growth prospects for the global narcotics scanner market for the next four years. The narcotics scanner integrated with dual sensor technology multiplies its applications such as detecting both chemicals and traces. Also, the user-friendliness of the product is emerging as a new trend in the market, which will propel the rate of revenue generation in the market.

Competitive landscape and key vendors

The vendors of the global narcotics scanner market are classified based on their narcotics scanning product offerings such as stand-alone narcotics scanning hardware devices, embedded narcotics scanning solutions, and integrated narcotics scanning solutions. Several vendors are identified in the market based on the revenue and dominance in terms of geographical presence, product portfolio, financials, and research and developmental activities. Vendors are focusing on expanding their market presence and market reach by following mergers and acquisition strategy. They are also focusing on enhancing their product portfolio with advanced technologies to sustain and survive in the intensely competitive market.

Key vendors in this market are -

• FLIR Systems
• OSI Systems
• Safran
• Smiths

Other prominent vendors in the market include Argo-A Security, Autoclear, Aventura Technologies, Bruker,  B&W Tek, CDex, Chemring, Detectachem, Decision Sciences International, Jamal Jaroudi, Kapri, Klipper Enterprises, KeTech, Laser Detect Systems, L3 Security and Detection Systems, MATRIX Security and Surveillance, Mistral Solutions, NUCTECH COMPANY, RedXDefense, Safeway Inspection System, Security Electronic Equipment, Shanghai Eastimage Equipment, Teknicom Solutions, Thermo Fisher Scientific, and Vision Mass Communications.

Segmentation by end-user and analysis of the narcotics scanner market

• Law enforcement
• Commercial
• Military
• Transportation

The law enforcement segment of the global narcotics scanner market accounted for the majority of market shares during 2016 and is likely to experience a high growth rate during the estimated period. The hand-held metal detector and narcotics devices are increasingly being used in law enforcement sector in few departments around the US to identify illegal drugs, such as bath salts, and prosecute narcotics trade. Since these devices provide fast and accurate drug identification and prosecution of people involved in the trade, the market’s segment is expected to experience growth in the coming years.

Segmentation by geography and analysis of the narcotics scanner market

• APAC
• Europe
• MEA
• North America
• South America

The narcotics scanner market is one of the fastest growing markets in APAC and will continue to grow for the next four years. The demand for narcotics scanners is increasing in the region with the growing number of investments in the development of the transit sector, particularly the airports.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global narcotics scanner market?
• What are the key market trends impacting the growth of the global narcotics scanner market?
• What are the challenges to market growth?
• Who are the key vendors in the global narcotics scanner market?
• What are the market opportunities and threats faced by the vendors in the global narcotics scanner market?
• What are the trending factors influencing the market shares of APAC, Europe, MEA, North America, and South America?
• What are the key outcomes of the five forces analysis of the global narcotics scanner market?

Technavio also offers customization on reports based on specific client requirement.

Narcotics scanners increase the detection and security capabilities at temporary and permanent checkpoints of borders, airports, seaports, military facilities, government facilities, and other high-security locations. Narcotics scanners are also used to scan vehicles, luggage, and people to identify explosives, weapons, narcotics, metals, and other foreign objects that are concealed. This upcoming report by Technavio is a fundamental part of the ICT industry and offers an intricate study of rapidly growing sectors like IT hardware and IT professional services. Additionally, to help clients gain a competitive edge over other market players, and to gain actionable intelligence and the market size for various segments of the IT security sector. Technavio presents detailed information on various drivers and challenges, possible growth prospects, and  all the suppliers who hold significant shares in the ICT industry.

To accurately forecast the semiconductor industry’s growth prospects, our market research specialists follow a structured approach comprised of  primary and secondary research techniques and also carry out detailed analysis based on several market facets, including advancements in technology and the demand for products and services across the globe. This research is done with the objective to help our client gain important insights about the upcoming market research report on the narcotics scanner market for the predicted period of 2017-2021 and the ICT industry at large.

This upcoming report on global narcotics scanner market also considers the growth of related markets like enterprise application integration market and security information and event management market, which are expected to grow at a CAGR of around 11% and almost 9%, respectively by 2021. As expected by our market research analysts, vendors in the market are increasingly investing in R&D activities for narcotics scanners. The market is witnessing the introduction of several innovative solutions such as advances in sensors and alarms. The primary aim of vendors is to reduce the cost of the expansion, storage, and maintenance of narcotics scanners. This, in turn, is expected to augment growth in the global narcotics scanner market during the next four years. 

The upcoming industry research report for narcotics scanner market highlights the key drivers,  prospective trends, and the trials currently experienced by the ICT industry and also presents a holistic overview into the markets of enterprise application and automatic identification system.