Global Metal Detector Market Analysis Report 2022 A $2 Billion Market by 2027 - Trends, Opportunities and Competitive Landscape - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Metal Detector Market to 2027: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The metal detector market is expected to reach an estimated $2 billion by 2027 and is forecast to grow at a CAGR of 3.9% from 2021 to 2027.

The future of the metal detector market looks promising with opportunities in the government, commercial, consumer, food & beverage, pharmaceutical, and textile industries.

The major drivers for this market are rapidly increasing terrorism activities, expansion in infrastructure, and increasing stringency in government compliances in various sectors to maintain high level of security and safety.

Emerging Trends in the Metal Detector Market

Emerging trends, which have a direct impact on the dynamics of the metal detector industry, include increasing trend towards advancement in metal detector technology for superior performance and growing use of metal detectors in new applications such as sports and medical applications.

List of Metal Detector Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.

With these strategies metal detector companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

Metal Detector Market Insight

The analyst forecasts that static metal detector is expected to remain the largest segment due to increasing usage of metal detectors in the food and pharmaceutical industries, transit, educational buildings, and hospitals.

Handheld metal detector is expected to witness the highest growth in the forecast period supported by the increasing demand for security in government and commercial sectors along with increasing consumer demand due to growing archeological activities and hobbies.

The industrial segment is expected to remain the largest end use industry due to stringent government regulations for consumer protection in food processing, pharmaceutical, and chemical industries.

The analyst predicts that the demand for metal detectors in security will witness the highest growth during the forecast period. This growth will be supported by government spending on security for ports, borders, and critical infrastructure to ensure safety from terrorism and crime. Another factor that adds to the growth of the security segment is increasing passenger traffic in airport.

Asia Pacific is expected to remain the largest market and will experience the highest growth over the forecast period supported by expansion of infrastructure. Factors influencing this are growth in the global economy, rise in the standard of living, and increasing tourism.

The 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.

Some of the key metal detector companies are as follows:

• Mettler-Toledo
• Codan Limited
• Garrett Electronics
• CEIA-Costruzioni Elettroniche Industriali Automatismi S.p.A
• Eriez Manufacturing Co.
• L3 Security & Detection Systems
• Smiths Detection Inc.
• XP Metal Detectors
• Thermo Fisher Scientific Inc.
• Fisher Research Labs
• Lock Inspection Systems
• Rapiscan Systems, Inc. (OSI Systems)
• White's Electronics, Inc.
• Tesoro Electronics, Inc.

Key Topics Covered:

1. Executive Summary

2. Global Metal Detector Market Dynamics

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027

3.1: Macroeconomic Trends and Forecasts

3.2: Global Metal Detector Market Trends and Forecast

3.3: Global Metal Detector Market by Product Type

3.3.1: Static Metal Detector

3.3.2: Handheld Metal Detectors

3.4: Global Metal Detector Market by End Use Industry

3.4.1: Industrial

3.4.1.1: Food and Beverage

3.4.1.2: Other Industrial

3.4.2: Security

3.4.2.1: Transit

3.4.2.2: Government

3.4.2.3: Commercial and Others

3.4.3: Consumer

3.4.4: Countermine

3.5: Global Metal Detector Market by Technology

3.5.1: Very Low Frequency

3.5.2: Multi Frequency

3.5.3: Pulse Induction

3.5.4: Other Technologies

4. Market Trends and Forecast Analysis by Region

4.1: Global Metal Detector Market by Region

4.2: North American Metal Detector Market

4.2.1: Market by Product Type: Static Metal Detectors and Handheld Metal Detector

4.2.2: Market by End Use Industry: Industrial, Security, Consumer, and Countermine

4.2.3: United States Metal Detector Market

4.2.4: Canadian Metal Detector Market

4.2.5: Mexican Metal Detector Market

4.3: European Metal Detector Market

4.4: APAC Metal Detector Market

4.5: ROW Metal Detector Market

4.5.1: Market by Product Type: Static Metal Detectors and Handheld Metal Detector

4.5.2: Market by End Use Industry: Industrial, Security, Consumer, and Countermine

4.5.3: Brazilian Metal Detector Market

4.5.4: Argentina Metal Detector Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.2: Emerging Trends in the Global Metal Detector Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of the Global Metal Detector Market

6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Metal Detector Market

6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• Mettler-Toledo (Safeline)
• Codan Limited (Minelab)
• Garrett Electronics, Inc.
• CEIA-Costruzioni Elettroniche Industriali Automatismi S.p.A.
• Eriez Manufacturing Co.
• L3 Security & Detection Systems
• Smiths Detection Inc.
• XP Metal Detectors
• Thermo Fisher Scientific Inc.
• Fisher Research Labs
• Lock Inspection Systems
• Rapiscan Systems, Inc. (OSI Systems)
• White's Electronics, Inc.
• Tesoro Electronics, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/5mlkqm