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Handheld Chemical and Metal Detector Market Trends

  • Report ID: GMI8118
  • Published Date: Feb 2024
  • Report Format: PDF

Handheld Chemical and Metal Detector Market Trends

The need for these detectors is growing in several industries including transportation, public spaces, and critical infrastructure, as a result of the increased emphasis on security and counter-terrorism measures on a global level. The accuracy and efficiency of detection are improved by technological advancements such as enhanced sensor capabilities and integration with data analytics. The travel & tourism industry’s expansion, rising crime rates, and strict regulatory mandates for security measures are also contributing to market growth.
 

Growing investments in defense and infrastructure projects globally create opportunities for the deployment of advanced detection tools. For instance, in August 2020, Teledyne Technologies Incorporated upgraded its Teledyne FLIR facility in Elkridge, Maryland. The company invested over USD 6 million in upgrading and increasing capabilities for future-ready businesses. The facility serves as a hub for designing and producing an array of unmanned air & ground platforms and surveillance and detection systems used by the U.S. military and public safety agencies worldwide.
 

Increased connectivity features, such as remote monitoring and wireless data transfer, are becoming critical for effective security management. Environmental sustainability is also influencing the market, with an emphasis on creating detectors using eco-friendly materials and energy-saving technologies. In keeping with the current focus on health and safety, the rise in global health concerns has prompted the incorporation of contactless operation features and hygiene measures. The competitive landscape, with manufacturers continuously innovating for better performance and cost-effectiveness, contributes to the overall expansion of the market.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

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.

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.

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.

Handheld Chemical and Metal Detector Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 293
  • Countries covered: 22
  • Pages: 250
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