Global Metal Detector Market Growth 2023-2029

Global Metal Detector Market Growth 2023-2029

A metal detector is an electronic instrument which 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. In this report, metal detector mainly refers to the underground metal detector, and the industrial metal detectors, security screening, pocket probe hand-held detectors are not included.
LPI (LP Information)' newest research report, the “Metal Detector Industry Forecast” looks at past sales and reviews total world Metal Detector sales in 2022, providing a comprehensive analysis by region and market sector of projected Metal Detector sales for 2023 through 2029. With Metal Detector sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Detector industry.
This Insight Report provides a comprehensive analysis of the global 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 Metal Detector portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metal Detector market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Metal Detector.
The global Metal Detector market size is projected to grow from US$ 650.5 million in 2022 to US$ 1152 million in 2029; it is expected to grow at a CAGR of 1152 from 2023 to 2029.
Global Metal Detector key players include Minelab(Codan), Garrett, Fisher Research Labs, White's Electronics, Bounty Hunter, etc. Global top five manufacturers hold a share about 55%. North America is the largest market, with a share about 55%, followed by Europe, with a share about 25 percent. In terms of product, Very Low Frequency is the largest segment, with a share about 70%. And in terms of application, the largest application is Leisure & Entertainment, followed by Security, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Detector market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pulse Induction
Very Low Frequency
Beat-frequency Oscillation
Segmentation by application
Security
Leisure & Entertainment
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.
Mettler-Toledo
Anritsu Infivis
Minebea Intec
Nissin Electronics
Sesotec
Multivac Group
Loma Systems
Thermo Fisher
Bizerba
Ishida
WIPOTEC-OCS
Mesutronic
Fortress Technology
CEIA
Nikka Densok
Shanghai Techik
Gaojing
Easyweigh
Qingdao Baijing
COSO
Juzheng Electronic Technology
Dongguan Shanan
Dongguan Lianxin
Shanghai Shenyi
Key Questions Addressed in this Report
What is the 10-year outlook for the global Metal Detector market?
What factors are driving Metal Detector market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Metal Detector market opportunities vary by end market size?
How does 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.