Handheld Chemical And Metal Detector Market Outlook, 2032
The Global Handheld Chemical And Metal Detector Market size was valued at $2.2 billion in 2022, and is projected to reach $5.7 billion by 2032, growing at a CAGR of 10.4% from 2023 to 2032.
A handheld metal and chemical detector are portable electronic devices that detect the presence of metal objects and certain chemicals in a particular area. It is frequently utilized at airports, public events, military checkpoints, law enforcement activities, and hazardous material handling.
The rising incidences of terrorist and criminal acts caused by geopolitical disruption is also contributing to the growth of the portable chemical and metal detector market. Security wands, handheld, battery-powered, lightweight gadgets designed to detect unseen things are in high demand. Portable metal detectors market trends, such as detecting concealed metal within things or metal buried underground, are driving market expansion. The use of these technologies by traffic police, MIA subdivisions, customs, and surrounding security facilities is expected to boost the statistics for portable metal detectors.
The growing emphasis on security and safety across many industries is driving the handheld chemical and metal detector industry. With growing worries about potential risks such as terrorism, criminality, and illegal activities, there is an increased demand for effective and portable metal detecting systems. Handheld metal detectors are a convenient and effective way to scan persons, baggage, and parcels for concealed metal objects in a rapid and non-invasive way. They are widely used at airports, public venues, schools, government facilities, and even private events to strengthen security and prevent unauthorized access to restricted areas. Furthermore, their adaptability in sectors such as mining, building, and archaeology allows them to identify and avoid dangerous metal items and artefacts, assuring worker safety and conserving cultural treasures.
Segment Overview
The handheld chemical and metal detector market outlook is segmented into Type and Application.
On the basis of type, it is categorized into metal detector and chemical detector. The chemical detector segment accounted for the largest revenue in handheld chemical and metal detector market forecast.
By application, it is divided into law enforcement agencies, forensic departments, customs and borders, and others. Law enforcement agencies dominated the handheld chemical and metal detector market share in 2022.
Region wise, the handheld metal and chemical detector market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Country-wise, the U.S. acquired a prime share in the global handheld chemical and metal detector market in the North American region and is expected to grow at a significant CAGR during the forecast period of 2023-2032.
In Europe, the UK dominated the global handheld chemical and metal detector market growth, in terms of revenue, in 2022. However, the Germany is expected to emerge as the fastest-growing country in Europe's global handheld chemical and metal detector market with a significant CAGR during the forecast period.
In Asia-Pacific, South Korea is expected to emerge as a significant market for the global handheld chemical and metal detector market industry, owing to a significant rise in investment by prime players in the region.
By LAMEA region, the Middle East garner significant market share in 2022. The LAMEA handheld chemical and metal detector market trends has been witnessing improvement, owing to the growing inclination of companies towards research and development and expanding manufacturing units across this region. Moreover, the Middle East region is expected to grow at a high CAGR from 2023 to 2032.
Top Impacting Factors
The global handheld chemical and metal detector market analysis includes a rise in governmental regulations which fuels the demand for handheld metal and chemical detectors. In addition, there is a surge in need for reliable detection of metal contaminants in industrial products. However, the high cost of handheld chemicals, explosives, and narcotics detectors hamper the market growth to a certain extent. Moreover, the surge in need for airport security provides lucrative handheld chemical and metal detector market opportunity.
Competitive Analysis
The key market leaders profiled in the report include Smith Group Plc, Garrett Metal Detectors, OSI Systems, Inc., Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bruker Corporation, Leidos, AIRSENSE Analytics GmbH, and NUCTECH Co. Ltd. These key players have adopted strategies, such as geographical expansion, product launch, acquisitions, partnership, and business expansion, to enhance their market penetration.
Historical Data & Information
The global handheld chemical and metal detector market is highly competitive, owing to the strong presence of existing vendors. Vendors of the global chemical and metal market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
Thermofisher Scientific Inc., Teledyne Technologies Incorporated, Agilent Technologies Inc, Leidos, and Garett Metal Detectors are the top companies holding a prime share in the global handheld chemical and metal detector market. Top market players have adopted various strategies, such as product launch, acquisition, expansion, agreement, product development, innovation, branding, collaboration, investment, contract, and upgradation to expand their foothold in the global handheld chemical and metal detector market.
- In June 2023, OSI Systems, Inc. security division received an order from a European customer for approximately $12 million to provide service and support for RTT 110 (Real Time Tomography) explosive detection systems that are utilized to screen airport passengers' hold (“checked”) baggage.
- In May 2023, OSI Systems, Inc. security division awarded an order valued at approximately $10 million to provide multiple units of the Eagle M60 mobile high-energy cargo and vehicle inspection system and the Z Backscatter Van cargo and vehicle inspection system. These inspection systems are deployed for international security requirements.
- In March 2023, OSI Systems, Inc. security division received an order for approximately $20 million from ANA Aeroportos de Portugal to provide multiple units of its RTT 110 (Real Time Tomography) explosive detection system. The units are installed at various airports throughout Portugal to screen passengers.
- In August 2022, OSI Systems, Inc. security division received an order valued at approximately $22 million to provide comprehensive service, maintenance, and spare parts support for various Rapiscan cargo and vehicle inspection (CVI) systems deployed internationally.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the global handheld chemical and metal detector market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall global handheld chemical and metal detector market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current global handheld chemical and metal detector market forecast is quantitatively analyzed from 2022 to 2032 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the handheld chemical and metal detector.
- The report includes the market share of key vendors and global handheld chemical and metal detector market trends.
Handheld Chemical and Metal Detector Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 5.7 billion |
 Growth Rate | CAGR of 10.4% |
 Forecast period | 2022 - 2032 |
 Report Pages | 327 |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Thermo Fisher Scientific Inc., Bruker Corporation, AIRSENSE Analytics GmbH, Teledyne Technologies Incorporated, NUCTECH Co. Ltd., Smith Group Plc, Leidos, OSI Systems, Inc., Garrett Metal Detectors, Agilent Technologies, Inc. |
Analyst Review
The handheld metal and chemical detector market is anticipated to depict a prominent growth during the forecast period, owing to various factors, such as an increase in investments in transmission and distribution of electric power that fuels the demand for handheld metal and chemical detectors. In addition, the market is influenced by growth in investments in the industrial sector and rise in urbanization which drives the market growth. However, complex fault detection and removal process of errors hamper the market growth to a certain extent. On the contrary, favorable government policies provided by the government of key countries fuel the growth of the market. Each of these factors is anticipated to have a definite impact on the global handheld metal and chemical detector market during the forecast period.
The handheld metal and chemical detector market exhibits high growth potential in enforcement agencies, customs, and borders. The current business scenario has witnessed an increase in demand for security, particularly in developing regions such as China and India, owing to surge in population and rise in demand for government regulations. Companies in this industry have adopted various innovative techniques, such as mergers and acquisitions, to strengthen their business position in the competitive matrix.
The key players of the handheld metal and chemical detector market include Smith Group Plc, Garrett Metal Detectors, OSI Systems, Inc., Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bruker Corporation, Leidos, AIRSENSE Analytics GmbH, and NUCTECH Co. Ltd.
North America is the largest regional market for handheld chemical and metal detector.
The upcoming trends of handheld chemical and metal detector market includes a rise in governmental regulations which fuels the demand for handheld metal and chemical detectors.
Law enforcement agencies is the leading application of handheld chemical and metal detector market.
The handheld chemical and metal detector market was valued at $2,211.00 million in 2022
Thermofisher Scientific Inc., Teledyne Technologies Incorporated, Agilent Technologies Inc, Leidos, and Garett Metal Detectors are the top companies to hold the market share in Handheld Chemical and Metal Detector.
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