Metal Detector Market 2024-2028
The metal detector market is forecasted to grow by USD 267.6 mn during 2023-2028, accelerating at a CAGR of 5.2% during the forecast period. The report on the metal detector 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 increase in technological innovations in metal detectors, growing adoption of treasure mining as hobby, and rise in infrastructural projects.
Technavio's metal detector market is segmented as below:
By Application
By Product
- Walk-through
- Handheld
- Ground search
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increase in adoption of metal detectors in residential areas as one of the prime reasons driving the metal detector market growth during the next few years. Also, rise in popularity of e-commerce platforms and increase in number of conflicts worldwide will lead to sizable demand in the market.
The report on the metal detector market covers the following areas:
- Metal Detector Market sizing
- Metal Detector Market forecast
- Metal Detector Market industry analysis
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 metal detector market vendors that include Bounty Hunter, Codan Ltd, Costruzioni Elettroniche Industriali Automatismi SpA, Dongguan Juzheng Electronic Technology Co. Ltd., Elektral AS, Garrett Electronics Inc., Leidos Holdings Inc., Metal Detectors Inc., Nokta Makro Metal Detectors, OSI Systems Inc., Pirate Electronics Ltd., Quest Metal Detectors, The Tamis Corp., View Systems Inc., WIPOTEC OCS GmbH, XP Metal Detectors, and Zorpro Inc.. Also, the metal detector 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 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 and vendor landscape in addition to an analysis of the key vendors.
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.