Market Trends of Narcotics Scanner Industry
This section covers the major market trends shaping the Narcotics Scanner Market according to our research experts:
Airport Industry to Drive the Market Growth
- The narcotic scanning technology is gaining traction in airports, the aim is to intercept and detain people who have handled narcotics and to identify either users or traffickers of illicit substances and hence driving the market growth.
- Airports are often the transit points for drug trafficking, transnational organized crime, and acts of terrorism. Hence, the growing drug trafficking and criminal activities in the areas are also fueling the demand for trace detection systems.
- In March 2019, the US-based company, OSI Systems Inc, was awarded a contract of USD 4 million by an international airport, to provide multiple units of its 4DX explosives and narcotics detection system and follow-on service and spare parts support.
- In June 2020, The US-based company, Viken Detection created a handheld and under-vehicle x-ray system that scans vehicles for hidden cash, drugs, and weapons
- By the end of 2020, Mexico's military and police forces combinedly seized an estimated 1.3 tons of synthetic opioids, compared to 222 kilograms in 2019, and the number of drug labs in Mexico almost doubled, from 91 in 2019 to 175 in 2020.
- The government organizations are also focusing on tightening the securities in these areas. This is expected to further increase the deployment of these technologies. Additionally, in May 2018, the UN Office on Drugs and Crime (UNODC) and International Civil Aviation Organization (ICAO) collaborated to enhance the security of international air transport systems, to counter transnational organized criminal networks mentioned above.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific to Witness Significant Growth
- Asia-Pacific is expected to have significant growth in the market studied, due to the increasing inflow of investments for the development of the transit sector, particularly airports. The escalation in the production and use of synthetic drugs amphetamines, in economies, such as Singapore, China, and Vietnam, is anticipated to play a crucial role in the growth of the market.
- The United Nations Office on Drugs and Crime (UNODC) estimates that the Asia-Pacific methamphetamine trade alone was worth as much as USD 61.4 billion in 2018, up from an estimated USD 15 billion just five years earlier. The growing focus of the countries in the region to reduce drug trafficking is driving the growth of the market studied.
- China is a significant contributor to the ongoing narcotics trade in the region. The country has been witnessing drug trafficking majorly from the overseas. Drugs smuggled in from overseas are a source of increasing harm and a potential threat to the health of the nation. According to a report released by China’s National Narcotics Control Commission (CNNCC), found that Chinese seizures of illegal drugs, mostly synthetic drugs, from the Golden Triangle which straddles Laos, Myanmar, and Thailand increased by 17.6% year-on-year to 29.6 metric ton, in 2018. The commission also reported seizing 1.4 metric ton of cocaine from South America last year, up 3.4 times from the year before.
- 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.
- According to the Airports Council International (ACI), the Asia-Pacific region is suffering a significant impact owing to this covid pandemic, with the passenger traffic volumes decreasing by 24% for the first quarter of the current year, as compared to the projected traffic levels without COVID-19.
Get Analysis on Important Geographic Markets
Download Sample
