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MarketResearch.biz delivers in-depth insights in its upcoming report titled “Global Security Metal Detector Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global security metal detector market is expected to register a CAGR of XX.X% in terms of value during forecast period, 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global security metal detector market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report provides insightful and detailed information regarding the various key players operating in the global market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global security metal detector market report has been segmented on the basis of product type, technology, application, and region.
A security metal detector is an electronic device which detects the presence of metal nearby. Metal detectors are useful for finding metal inclusions hidden within objects, or metal objects buried underground. Security metal detectors are functioning upon the sensors, if any piece of metal come into contact with sensors then the device gives an indication in the form of audible or visual signals.
Primary factors driving growth of the global security metal detectors market are increasing government investments in security due to the increasing violence and fights worldwide. Furthermore, ongoing infrastructural development across the world to develop new airports, hotels, laboratories, commercial as well as residential buildings, stadiums and other such infrastructures will increase demand for security metal detectors.
However, high cost is one of the key factors restraining growth of the global security metal detector market. In addition, government regulations in some countries, which ban the use of metal detectors for some applications such as precious metal detection is expected to affect targeted market growth. Furthermore, increasing trend towards advancement in metal detector technology for superior performance and adoption of metal detectors in industrial, sports and medical applications.
Amongst the various geographical region, Asia Pacific is expected to remain a major revenue contributor to the global security metal detectors over the forecast period. North America and Europe are expected to witness significant CAGR over the forecast period for global security metal detectors. Latin America and Middle East & Africa are estimated to expand at a slower growth rate as compared to Asia Pacific, North America and Europe.
Global Security Metal Detector Market Segmentation:
Global security metal detector market segmentation by product type:
- Walk-through metal detector (WTMD)
- Hand-held metal detector (HHMD)
- Ground search metal detectors
Global security metal detector market segmentation by segmentation by technology:
- Very Low Frequency (VLF)
- Multi Frequency (MF)
- Pulse Induction (PI)
Global security metal detector market segmentation by application:
- Food Processing
- Security Screening
- Government Buildings
- Commercial & Public Spaces
- Other Industrial
Global security metal detector market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Fisher Research Laboratory
- Garrett Metal Detectors
- XP Metal Detectors
- Nokta Metal Detectors
- Tesoro Metal Detectors
- I.A. S.p.A.
- Makro Metal Detectors
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