PUBLISHER: TechNavio | PRODUCT CODE: 1705215
PUBLISHER: TechNavio | PRODUCT CODE: 1705215
The narcotics detectors market is forecasted to grow by USD 1433.7 mn during 2024-2029, accelerating at a CAGR of 5.9% during the forecast period. The report on the narcotics detectors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising drug trafficking and smuggling activities, stringent government regulations and anti-drug policies, and growing awareness and international collaboration.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 5.8% |
CAGR | 5.9% |
Incremental Value | $1433.7 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's narcotics detectors market is segmented as below:
By Technology
By End-user
By Geographical Landscape
This study identifies the adoption of ai and ml in detection systems as one of the prime reasons driving the narcotics detectors market growth during the next few years. Also, growth in handheld and portable detectors and increasing use of non-invasive and contactless detection methods will lead to sizable demand in the market.
The report on the narcotics detectors market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading narcotics detectors market vendors that include 908 Devices Inc., Agilent Technologies Inc., Bruker Corp., Chemring Group Plc, DetectaChem Inc., Hitachi Ltd., Leidos Holdings Inc., Nuctech Co. Ltd., Rapiscan Systems Inc., Safran SA, Scanna MSC Inc., Smiths Detection Group Ltd., Teledyne FLIR LLC, Thermo Fisher Scientific Inc., and Viken Detection Corp.. Also, the narcotics detectors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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