Lucintel Forecasts Metal Detector Market to Reach $2.0 Billion by 2027

Market-Research

According to the recent study the Metal Detector Market is projected to reach an estimated $2.0 billion by 2027 from $1.6 billion in 2021, at a CAGR of 3.9% from 2021 to 2027. Growth in this market is primarily driven by increasing terrorism activities, expansion in infrastructure, and increasing stringency in government compliances in various sectors to maintain high level of security and safety.

Browse 90 figures / charts and 70 tables in this 160 -page report to understand trends, opportunities and forecast in metal detector market by product type (static and handheld), technology (VLF, multi frequency, pulse induction, and others), end use industry (industrial, security, consumer, and countermine), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Static metal detector market is expected to remain the largest segment during the forecast period.”

Based on product type, the metal detector market is segmented into static and handheld. Lucintel forecasts that the static metal detector market 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.

“Within the metal detector market, the industrial segment is expected to remain the largest end use industry”

Based on end use industry the industrial segment is expected to witness the highest growth over the forecast period due to stringent government regulations for consumer protection in food processing, pharmaceutical, and chemical industries.

“Asia pacific will dominate the metal detector market in near future”

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.

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Major players of metal detector market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 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. are among the major metal detector providers.

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 click on this link https://www.lucintel.com/metal-detector-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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