Global Metal Detector Market Growth 2023-2029

Global Metal Detector Market Growth 2023-2029

Product Code:458416

Published Date: Feb 08,2023

Pages: 124

Region: Global

Category: Machinery & Equipment

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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?