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Teledyne Technologies Incorporated holds a significant share in the market. A pioneer in network video solutions, Teledyne Technologies is a diversified company involved in various markets including aerospace, defense, and industrial. While it may not be a prominent player in the market, Teledyne's expertise in technology and instrumentation could potentially influence security-related technologies.
Major players, such as Advanced Detection Technology, Inc., Amphenol Corporation, Agilent Technologies, Inc., and Chemring Group PLC, are also constantly implementing strategic measures, such as geographical expansion, acquisition, mergers, collaborations, partnerships, and product or service launches, to gain market shares.
Major players operating in the handheld chemical and metal detector industry are:
The customs & borders segment held over 20% share of the handheld chemical and metal detector industry in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to growing international trade and the ongoing need for strong security measures.
North America held over 30% share of the handheld chemical and metal detector industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the strict regulations and growing security concerns in the region.
Handheld chemical and metal detector market size crossed USD 4 billion in 2023 and is expected to register over 14% CAGR from 2024-2032 owing to the growing volume of passengers frequenting airports, and public transportation hubs, necessitating heightened security measures worldwide.
Chemring Group PLC, Garrett Metal Detectors, Hitachi High-Technologies Corporation, L-3 Security & Detection Systems, Leidos, Nuctech Company Limited, and OSI Systems, Inc. (US), are some of the major handheld chemical and metal detector companies worldwide.