According to a market report by Lucintel, the future of the global metal detector market looks promising with opportunities in the industrial, security, consumer, countermine markets. The global metal detector market is expected to reach an estimated $2 billion by 2030 at a CAGR of 5.1% from 2023 to 2030. The major drivers for this market are rising security threats across public places, airports, government buildings, and events, increase in archaeological and treasure hunting activities, and growing application in industrial and manufacturing sectors.
In this market, static metal detector, handheld metal detector are the
major segments of metal detector market by product type.
Lucintel forecasts that static metal will remain larger segment over the
forecast period due to increasing usage of metal detectors in the food and
pharmaceutical industries, transit, educational buildings, and hospitals.
Within this market, industrial will remain the largest segment due to
stringent government regulations for consumer protection in food processing,
pharmaceutical, and chemical industries.
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market.
APAC is expected to witness the highest growth over the forecast period
due to expansion of infrastructure, rise in the standard of living, increasing
tourism and awareness regarding metal contamination in the food,
pharmaceutical, and chemical industries also creates tremendous opportunities
for metal detectors in China, Australia, India, and other countries.
Mettler-Toledo, Codan Limited, Garrett Electronics, Eriez Manufacturing,
L3 Security & Detection Systems, Smiths Detection, XP Metal Detectors,
Thermo Fisher Scientific, Fisher Research Labs, and Lock Inspection Systems are
the major suppliers in the metal detector market.
This unique research report will enable you to make confident business
decisions in this globally competitive marketplace. For a detailed table of
contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast
visit Lucintel’s Analytics
Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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