A metal detector is an electronic instrument which detects the presence of metal nearby. Metal detectors are useful for finding metal inclusions hidden within objects, or metal objects buried underground. They often consist of a handheld unit with a sensor probe which can be swept over the ground or other objects. If the sensor comes near a piece of metal this is indicated by a changing tone in earphones, or a needle moving on an indicator. Usually the device gives some indication of distance; the closer the metal is, the higher the tone in the earphone or the higher the needle goes.
The major regions to produce Metal Detector are Asia-Pacific and North America, which accounting for more than 70% of production in total in 2015. North America is the largest production region (production share 45% in 2015), followed by Asia-Pacific.
According to our research and analysis, the leading five companies in the market occupies about 76% of the production value shares. Major manufacturers in the market are Minelab, Bounty Hunter, Fisher, Garrett, Teknetics.
Despite the presence of competition problems, due to the world security situation and the rise of archaeological exploration, investors are quite optimistic about this area; the future will still have more new investment enter the field.
According to this study, over the next five years the Metal Detector market will register a 5.0% CAGR in terms of revenue, the global market size will reach USD 580 million by 2024, from USD 440 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Metal Detector business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Detector market by product type, application, key manufacturers and key regions and countries.
This study considers the Metal Detector value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Very Low Frequency
Pulse Induction
Beat-frequency Oscillation
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Military
Archaeology and Treasure Hunting
Leisure and Entertainment
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Minelab
Bounty Hunter
Fisher
Garrett
Teknetics
Whites
Titan
OKM
Tesoro
Makro
Nokta
Treasure Cove
Big Sail
Viper
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Metal Detector consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Metal Detector market by identifying its various subsegments.
Focuses on the key global Metal Detector manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Metal Detector with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Metal Detector submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
