Metal detector market 2022-2026: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

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Jan 30, 2023, 18:15 ET

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global metal detector market size is estimated to grow by USD 175.73 million from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 4.2% during the forecast period. APAC will account for 36% of the market's growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. To know more, buy the report!

Technavio has announced its latest market research report titled Global Metal Detector Market

Global metal detector market - Five forces
The global metal detector market is fragmented, and the five forces analysis covers–

Bargaining power of buyers
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
For interpretation of Porter's five forces model – Request a sample report

Global metal detector market – Customer landscape

The report includes the market's adoption lifecycle, 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 metal detector market - Segmentation assessment

Segment overview
Technavio has segmented the market based on product (walk-through, handheld, and ground search) and application (security and hobby).

The walk-through segment will account for a significant share of the market's growth during the forecast period. Walk-through metal detectors are used at checkpoints in government facilities, entertainment and transportation venues, airports, and other buildings. In the transportation sector, walk-through metal detectors ensure security while maintaining high transit flow rate. Owing to these factors, the walk-through metal detectors segment is expected to grow significantly during the forecasted period.

Geography overview
Based on geography, the global metal detector market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global metal detector market.

APAC will account for 36% of the market's growth during the forecast period. China is a key country for the metal detector market in the region. Moreover, market growth in APAC will be faster than the growth of the market in other regions. The rise in the development of the transit sector, especially airports, will drive the metal detector market growth in APAC during the forecast period.

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Global metal detector market – Market dynamics
Key factor driving market growth

Technological innovations and features are driving the metal detector market growth.
Many vendors are developing innovative products to meet the demand in the market.
For instance, Minelab offers the GPZ 7000 metal detector, which provides extreme gold depth, wireless audio freedom, precision ground balance, GPS locating, PC mapping, and enhanced noise immunity.
Therefore, the price of advanced metal detectors is higher than low-end metal detectors.
Such innovations will fuel the market growth during the forecast period

Leading trends influencing the market

The increase in the adoption of metal detectors in residential areas is driving market growth.
Install metal detectors are being installed in residential areas due to the need for high security.
Authorities are using walk-through and handheld metal detectors to prevent terrorist activities in residential areas.
Many small residential apartments use handheld metal detectors, which are inexpensive and effective.
During the forecast period, many residential buildings globally are expected to deploy metal detectors for enhanced security, which will support the market's growth.

Major challenges hindering market growth

The high cost of metal detectors is challenging the metal detector market growth.
Prices of metal detector products differ on factors such as the detection surface design, LED indicators, alarm types, sensitivity levels, and warranties offered.
Handheld metal detectors cost USD 95 to USD 550, while walk-through metal detectors cost USD 2,500 to USD 10,000.
Ground search metal detectors are priced at USD 250 to USD 1,000.
The high prices discourage most customers, especially in developing countries, from using metal detectors, which, in turn, affects the revenue of the global metal detector market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this metal detector market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the metal detector market between 2022 and 2026
Precise estimation of the size of the metal detector market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the metal detector market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of metal detector market vendors

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Metal Detector Market Scope
Report Coverage	Details
Page number	143
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 4.2%
Market growth 2022-2026	USD 175.73 million
Market structure	Fragmented
YoY growth 2021-2022 (%)	4.57
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	APAC 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	Advanced Packaging Machinery Ltd., Bounty Hunter, Codan Ltd, Costruzioni Elettroniche Industriali Automatismi SpA, Crawfords Metal Detectors, Dongguan Juzheng Electronic Technology Co. Ltd., Elektral AS, Garrett Electronics Inc., Kodex Inc., Leidos Holdings Inc., Metal Detectors Inc., Nokta Makro Metal Detectors, OSI Systems Inc., Pirate Electronics Ltd., Quest Metal Detectors, The Tamis Corp., View Systems Inc., WIPOTEC OCS GmbH, XP Metal Detectors, and Zorpro Inc.
Market dynamics	Parent market analysis, 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 report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 25: Chart on Product - Market share 2021-2026 (%)
Exhibit 26: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product

5.3 Walk-through - Market size and forecast 2021-2026

Exhibit 29: Chart on Walk-through - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Walk-through - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Walk-through - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Walk-through - Year-over-year growth 2021-2026 (%)

5.4 Handheld - Market size and forecast 2021-2026

Exhibit 33: Chart on Handheld - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Handheld - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Handheld - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Handheld - Year-over-year growth 2021-2026 (%)

5.5 Ground search - Market size and forecast 2021-2026

Exhibit 37: Chart on Ground search - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on Ground search - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on Ground search - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Ground search - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Product

Exhibit 41: Market opportunity by Product ($ million)

6 Market Segmentation by Application

6.1 Market segments

Exhibit 42: Chart on Application - Market share 2021-2026 (%)
Exhibit 43: Data Table on Application - Market share 2021-2026 (%)

6.2 Comparison by Application

Exhibit 44: Chart on Comparison by Application
Exhibit 45: Data Table on Comparison by Application

6.3 Security - Market size and forecast 2021-2026

Exhibit 46: Chart on Security - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Security - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Security - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Security - Year-over-year growth 2021-2026 (%)

6.4 Hobby - Market size and forecast 2021-2026

Exhibit 50: Chart on Hobby - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Hobby - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Hobby - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Hobby - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Application

Exhibit 54: Market opportunity by Application ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 56: Chart on Market share by geography 2021-2026 (%)
Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 58: Chart on Geographic comparison
Exhibit 59: Data Table on Geographic comparison

8.3 North America - Market size and forecast 2021-2026

Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026

Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 APAC - Market size and forecast 2021-2026

Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.7 South America - Market size and forecast 2021-2026

Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.8 US - Market size and forecast 2021-2026

Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

8.9 China - Market size and forecast 2021-2026

Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)

8.10 Germany - Market size and forecast 2021-2026

Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.11 UK - Market size and forecast 2021-2026

Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.12 France - Market size and forecast 2021-2026

Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 101: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 103: Overview on factors of disruption

10.4 Industry risks

Exhibit 104: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 105: Vendors covered

11.2 Market positioning of vendors

Exhibit 106: Matrix on vendor position and classification

11.3 Bounty Hunter

Exhibit 107: Bounty Hunter - Overview
Exhibit 108: Bounty Hunter - Product / Service
Exhibit 109: Bounty Hunter - Key offerings

11.4 Codan Ltd

Exhibit 110: Codan Ltd - Overview
Exhibit 111: Codan Ltd - Business segments
Exhibit 112: Codan Ltd - Key offerings
Exhibit 113: Codan Ltd - Segment focus

11.5 Costruzioni Elettroniche Industriali Automatismi SpA

Exhibit 114: Costruzioni Elettroniche Industriali Automatismi SpA - Overview
Exhibit 115: Costruzioni Elettroniche Industriali Automatismi SpA - Product / Service
Exhibit 116: Costruzioni Elettroniche Industriali Automatismi SpA - Key offerings

11.6 Garrett Electronics Inc.

Exhibit 117: Garrett Electronics Inc. - Overview
Exhibit 118: Garrett Electronics Inc. - Product / Service
Exhibit 119: Garrett Electronics Inc. - Key offerings

11.7 Leidos Holdings Inc.

Exhibit 120: Leidos Holdings Inc. - Overview
Exhibit 121: Leidos Holdings Inc. - Business segments
Exhibit 122: Leidos Holdings Inc. - Key offerings
Exhibit 123: Leidos Holdings Inc. - Segment focus

11.8 Metal Detectors Inc.

Exhibit 124: Metal Detectors Inc. - Overview
Exhibit 125: Metal Detectors Inc. - Product / Service
Exhibit 126: Metal Detectors Inc. - Key offerings

11.9 Nokta Makro Metal Detectors

Exhibit 127: Nokta Makro Metal Detectors - Overview
Exhibit 128: Nokta Makro Metal Detectors - Product / Service
Exhibit 129: Nokta Makro Metal Detectors - Key offerings

11.10 View Systems Inc.

Exhibit 130: View Systems Inc. - Overview
Exhibit 131: View Systems Inc. - Product / Service
Exhibit 132: View Systems Inc. - Key offerings

11.11 XP Metal Detectors

Exhibit 133: XP Metal Detectors - Overview
Exhibit 134: XP Metal Detectors - Product / Service
Exhibit 135: XP Metal Detectors - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 136: Inclusions checklist
Exhibit 137: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 138: Currency conversion rates for US$

12.4 Research methodology

Exhibit 139: Research methodology
Exhibit 140: Validation techniques employed for market sizing
Exhibit 141: Information sources

12.5 List of abbreviations

Exhibit 142: List of abbreviations

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