Global Digital Metal Detector Market Growth 2023-2029

Global Digital Metal Detector Market Growth 2023-2029

A digital metal detector is an electronic instrument that detects the presence of metal nearby. Metal detectors are useful for finding metal inclusions hidden within objects, or metal objects buried underground. They often consist of a handheld unit with a sensor probe which can be swept over the ground or other objects. If the sensor comes near a piece of metal this is indicated by a changing tone in earphones, or a needle moving on an indicator. Usually the device gives some indication of distance; the closer the metal is, the higher the tone in the earphone or the higher the needle goes.
LPI (LP Information)' newest research report, the “Digital Metal Detector Industry Forecast” looks at past sales and reviews total world Digital Metal Detector sales in 2022, providing a comprehensive analysis by region and market sector of projected Digital Metal Detector sales for 2023 through 2029. With Digital Metal Detector sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital Metal Detector industry.
This Insight Report provides a comprehensive analysis of the global Digital Metal Detector landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Digital Metal Detector portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Digital Metal Detector market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital Metal Detector and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Digital Metal Detector.
The global Digital Metal Detector market size is projected to grow from US$ 645.8 million in 2022 to US$ 1136.1 million in 2029; it is expected to grow at a CAGR of 1136.1 from 2023 to 2029.
For the digital metal detector industry, the market is concentrated. Minelab(Codan) and Garrett are the leader companies globally. The 10 players listed in the report accounted for about 65% of the revenue market.
This report presents a comprehensive overview, market shares, and growth opportunities of Digital Metal Detector market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Very Low Frequency
Pulse Induction
Beat-frequency Oscillation
Segmentation by application
Leisure & Entertainment
Security
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Minelab(Codan)
Garrett
Fisher Research Labs
White's Electronics
Bounty Hunter
Nokta Makro
Teknetics
Tesoro Electronics
OKM
Junhong Electronic&Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Digital Metal Detector market?
What factors are driving Digital Metal Detector market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Digital Metal Detector market opportunities vary by end market size?
How does Digital Metal Detector break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.