The Global Metal Detector Market Is Expected To Reach An Estimated $2 Billion By 2030

By Author: Lucintel LLC
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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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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.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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