The global narcotics scanner market is currently valued at more than USD 3 billion and is expected to reach almost USD 4 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global narcotics scanner market, under its IT security portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like FLIR Systems, OSI Systems, Safran, and Smiths.
According to Amit Sharma, a lead analyst for IT security research at Technavio, “Screening systems earlier were limited to manual screening and individual security inspection products. Vendors in the market space are integrating these traditional security screening and scanning products with the narcotics scanners. This helps enhance the level of security and simplify the inspection process for officials.”
The integration of features into a single device eliminates the need for multiple detectors to check different substances such as chemicals, explosives, and narcotics. The trend of having a single device for detecting multiple substances is expected to have a significant impact on the market growth during the forecast period.
Need for quick response to catastrophic attacks
Narcotics scanners help in monitoring and scanning people and luggage. In the case of any uncertain event, 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. The need for quick response during such instances is one of the key driving forces behind the adoption of narcotic scanners, especially in public places such as airports.
Increased demand from emerging countries
The growth in the global narcotics scanner market is expected to rise due to the demand from emerging countries such as Peru, Chile, Yemen, Iraq, Haiti, Honduras, Philippines, China, and India. The narcotics scanner market is in its nascent stage in the emerging countries and is expected to grow rapidly during the forecast period. Several vendors in the market are shifting their focus to emerging countries to boost their market presence and revenue.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Narcotics Scanners Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Endpoint Detection and Response Market 2017-2021
- Global Internet Security Market 2017-2021
- Global Finger Biometrics Market 2017-2021
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