The global narcotics scanner market size was valued at USD 8,798 million in 2024 and is expected to reach USD 15,608 million by 2034, growing at a CAGR of 5.9% from 2024 to 2034.
A Narcotics scanner is security device which is programmed to detect hazardous substances and drugs carried illegally. This device used AI powered detection algorithms or mass spectrometer to avoid entrance of restricted materials into state or countries. The narcotics scanner market is expanding due to factors like stringent government regulations to control illegal drugs trade and increasing transnational crimes across the globe. In developed and developing countries, transnational crime has surged notably. It includes drugs trafficking, human trafficking and weapons trafficking. According to the global financial integrity organization, the transnational crime business estimated nearly USD 1.6 trillion to USD 2.2 trillion on yearly basis. Also, the number of people suffering from drug abuse is increasing, which is a major concern in the world. Thus, the government is imposing stringent regulations to combat such abuse.
Although, despite lots of efforts to prohibit drug abuse, the rising adoption of drones could be potential carrier for the drugs and increases illegal drug related activities which is hard to capture creating barrier for the market's growth globally. However, key market players are focusing to develop portable, pocket sized, mobile narcotics scanner having features like real time data monitoring is a ray of hope in the battle against drug abuse, creating impactful changes and opportunities to expand the horizon of narcotics scanner market.
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Published by Yogesh Kulkarni
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