Enjoy complimentary customisation on priority with our Enterprise License!
The Metal Detector market size is forecast to increase by USD 246.21 million at a CAGR of 5.07% between 2022 and 2027. The growth of the market depends on several factors, including the increase in technological innovations in metal detectors, the increase in the adoption of treasure mining as a hobby, and the rise in infrastructural projects. An electronic instrument that detects the presence of metal nearby. These devices are mainly used to find metal inclusions hidden within objects or metal objects buried underground. Metal detectors function on the principle of transmitting a magnetic field and analyzing a return signal from the target and environment.
To learn more about this report, View Report Sample
This market report extensively covers market segmentation by application (security and hobby) and product (walk-through, handheld, and ground search). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the security segment will be significant during the forecast period. Metal detectors are being deployed to enhance the security screening process in the commercial sector. In order to protect elected officials, bureaucrats, and citizens from new measures to prevent terror incidents inside council chambers, government organizations around the world have been implementing new security measures. It is compulsory for individuals to clear a security screening that includes a metal deflector scan and a bag search by guards to enter the premises of government buildings.
Get a glance at the market contribution of various segments View Free PDF Sample
The security segment showed a gradual increase in the market share of USD 504.82 million in 2017 and continued to grow by 2021. Governments in countries like the UAE are investing heavily in the construction, expansion, and revamping of airports to accommodate the growing number of airlines and commuters. Moreover, terror attacks are also carried out in commercial places, such as shopping malls and IT parks. Such factors will create demand for applications in the security segment to maintain and support the security screening process which in return will fuel the growth of metal detectors during the forecast period.
The hobby of metal detecting is highly popular around the world. Stringent government regulations in some countries for metal detecting are hindering the growth of the market. Metal detection is illegal in some countries, and permission to do so must be obtained from property owners and public authorities. In the US, the UK, and Australia, specific metal detecting is taken up as a hobby by many people. Metal detecting is allowed for people in many developed countries around the world. However, if the hobbyist finds any valuable objects, then they must be shared with the landowner. In Australia, any metal detection is allowed, and detecting gold nuggets, as well as beach searches, are popular among locals.
Walk-through metal detectors are also called personal or portal, or screening metal detectors; they are used to screen individuals for weapons and other concealed contraband. Walk-through metal detectors are used at checkpoints in government facilities, entertainment, and transportation venues, airports, and other important buildings. There is also a high flow rate of passengers in the transport sector. There is also a high flow rate of passengers in the transport sector. Infrastructure growth in developed and developing countries is making it easier for those countries to install Walk Through metal detectors at more locations so they can keep themselves safe. Such factors are expected to fuel the growth of the segment in the metal detectors market during the forecast period.
Handheld metal detectors are also called security wands. Handheld metal detectors are lightweight and battery-powered devices that are designed to detect concealed items that contain metallic components. These portable metal detectors provide security and law enforcement personnel with a low-cost, effective means of screening people who seek access to different facilities such as airports, military installations, private buildings, government institutions, concert venues, jails, or sporting events. The increase in the number of commercial buildings, corporate events, and concerts will boost the demand for handheld metal detectors. Such factors are expected to fuel the growth of the segment in the metal detectors market during the forecast period.
The increase in the adoption of treasure mining as a hobby is driving growth in the market. Most items that were detected by metal detectors were coins and jewelry. There's a lot of jewelry missing, including gold and platinum rings, necklaces, silver chains, and diamonds. Hobbyists locate antique jewelry, medallions, and pendants.
Beaches, parks, concerts, and sporting events are common places where hobbyists search for jewelry. Multifunction detectors with capabilities to detect jewelry in various terrains have also been developed by vendors on the market. Entry-level jewelry detectors come with visual target identification and audio tone features, which makes hobbyists active in exploring in return creating demand for metal detectors. Such factors will create more adoption and growth of the global market during the forecast period.
The increase in the adoption of metal detectors in residential areas is a major trend in the market. The growing understanding of the importance of security equipment by the general public is enabling them to install metal detectors in residential areas. The surge in terrorist activities in residential areas is prompting authorities to use both Walkthroughs and handheld metal detectors in such places.
However, handheld metal detectors are used by a lot of tiny apartment buildings. These metal detectors are cost-effective means of screening people who seek access to residential buildings. During the forecast period, many residential buildings across the world are expected to deploy metal detectors for enhanced security, resulting in further growth of the focused market during the forecast period.
The high cost of metal detectors is a major challenge faced by the market. The growth of the global market is being hindered by increased costs for metallic detectors. Prices of products differ, based on a variety of factors, including the detection surface design, LED indicators, alarm types, sensitivity levels, and warranties offered. Handheld metal detectors are priced at USD 95-USD 550.
Moreover, most handheld metal detectors provide visual and audible alarms, and some metal detectors provide vibration alarms. Walk-through metal detectors are priced at USD 2,500-USD 10,000. Ground search metal detectors are priced at USD250-USD1,000. Thus, the high price of metal detectors makes it difficult for customers to use expensive products like that, especially in developing countries, which, in turn, affects the revenue of the global market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is the largest market for metal detectors in the world. In this region, the US is the largest revenue contributor to the market. The region's dominance of the global market for metal detectors can be attributed to the government's emphasis on security in private and public places, as well as increased investment in infrastructure development in the US.
Moreover, the security application segment will hold a major share during the forecast period in North America. The need to ensure national security and sustain military dominance is increasing the need for security devices such as metal detectors, driving the growth of the market in the region during the forecast period.
The market in focus witnessed a drastic decline in growth during the first quarter of 2020 in this region. However, lockdown restrictions were lifted in a significant number of countries in the region in 2021 owing to wide-scale vaccination drives across the region, allowing the resumption of various developmental and recreational activities in North America. This would also allow passengers to resume their trips, resulting in more traffic at the airports of this region. As a result of these factors, the demand for metal detectors is likely to rise, significantly boosting the growth of the market in North America during the forecast period.
The Market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, collaborations to enhance their presence in the market.
Codan Ltd - The company offers metal detectors such as BH Pro metal detectors.
Costruzioni Elettroniche Industriali Automatismi SpA - The company offers metal detectors such as Manticore, Xterra, and Equinox through its subsidiary Minelab.
Dongguan Juzheng Electronic Technology Co. Ltd. - The company offers metal detectors such as CEIA CMD, ALIS RT, and Linear underwater metal detectors.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The archaeology and treasure hunting, metal detectors serve as invaluable tools, unlocking hidden secrets buried beneath the earth's surface. Beyond professional pursuits, they have become synonymous with leisure and entertainment, catering to enthusiasts worldwide. Manufacturers offer a diverse range of detectors, from traditional models to advanced digital detectors like the GPZ 7000, employing cutting-edge technologies such as pulse induction and very low frequency to enhance detection capabilities.
In the leisure and entertainment sector, metal detectors find applications in various settings, including theme parks and museums, where they add an element of excitement and exploration. Handheld detectors and walk-through detectors are commonly used, providing visitors with interactive experiences.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Metal Detector Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.07% |
Market growth 2023-2027 |
USD 246.21 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.73 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Codan Ltd, Costruzioni Elettroniche Industriali Automatismi SpA, Dongguan Juzheng Electronic Technology Co. Ltd., Garrett Electronics Inc., Leidos Holdings Inc., Metal Detectors Inc., Nokta Makro Metal Detectors, OSI Systems Inc., Pirate Electronics Ltd., View Systems Inc., XP Metal Detectors, Bounty Hunter, Elektral AS, Quest Metal Detectors, The Tamis Corp., WIPOTEC OCS GmbH, and Zorpro Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.