Metal Detector Market Size to Grow by USD 160.56 Million | By Product (walk-through, handheld, and ground search), Geography, and Application - Global Industry Analysis and Forecast 2020-2024

• Total Pages: 120
• Companies: 10+ – Including Codan Ltd., Costruzioni Elettroniche Industriali Automatismi SpA, First Texas Products, Garrett Electronics Inc., Leidos Holdings Inc., Metal Detectors Inc., Nokta Makro Metal Detectors, OSI Systems Inc., View Systems Inc., and XP Metal Detectors among others
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Product (walk-through, handheld, and ground search) and Application (security and hobby)
• Geographies: North America (US), Europe (Germany, UK, and France), APAC (China), MEA, and South America

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Vendor Insights-

The metal detector market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Codan Ltd.- The company offers VANQUISH series of metal detectors which include three turn-on-and-go detecting modes.
• First Texas Products- This company offers numerous metal detectors such as T2+GWP, Teknetics G2+, Teknetics Liberator, and others.
• Garrett Electronics Inc.- The company offers variety of metal detectors including walk-through, handheld, and ground search metal detectors such as PD 6500i Enhanced Pinpoint Walk-Through Metal Detector, Super Wand, THD, CSI Pro-Pointer AT, and others.

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Regional Market Outlook

35% of the market's growth will originate from APAC during the forecast period. China is the key market for metal detectors in APAC. Market growth in this region will be faster than the growth of the market in other regions. The increase in the development of the transit sector, particularly the airports, will facilitate the metal detector market growth in APAC over the forecast period.

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Latest Drivers & Trends of the Market-

• Metal Detector Market Driver:
• Technological innovations and features:
  
  Many vendors in the market are developing innovative products that meet the demand existing in the market. The latest innovation in metal detectors includes wireless audio, integrated GPS, and weatherproof platforms. Numerous companies are developing and integrating new technological solutions in metal detectors to enhance their security features. For instance, Sesotec, a manufacturer of contaminant detection and material sorting technologies, introduced THiNK, new software that uses machine learning for better metal detection.

• Metal Detector Market Trend:
• Government investments:
  
  Many developing countries, such as India and China, are investing in the development of infrastructure, such as airports, which boosts the demand for metal detectors. By the end of 2015, China had 210 civilian airports. According to the country's 13th Five Year Plan, the number will increase to more than 260 by 2020. The Government of India also invested $11.4 billion under the Twelfth Five Year Plan for the upgrade of airport infrastructure. The Airports Authority of India (AAI) aims to make 250 airports operational across the country by 2020. The investment includes spending on security upgrades and maintenance. The increase in investments by various governments will drive the demand for metal detectors during the forecast period.

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Walk-through - Market size and forecast 2019-2024
• Handheld - Market size and forecast 2019-2024
• Ground search - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Application

• Market segments
• Comparison by Application
• Security - Market size and forecast 2019-2024
• Hobby - Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive Scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Codan Ltd.
• Costruzioni Elettroniche Industriali Automatismi SpA
• First Texas Products
• Garrett Electronics Inc.
• Leidos Holdings Inc.
• Metal Detectors Inc.
• Nokta Makro Metal Detectors
• OSI Systems Inc.
• View Systems Inc.
• XP Metal Detectors

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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