The Global Handheld Chemical and Metal Detector Market size is expected to reach $4.5 billion by 2030, rising at a market growth of 10.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1862.9 thousand Units, experiencing a growth of 8.1% (2019-2022).
Depending on the type of chemicals employed, a person's susceptibility, and whether the chemicals are inhaled or absorbed through the skin, exposure to hazardous chemicals can result in various short- and long-term health impacts. Therefore, the Chemicals segment will register more than 50% share in the market by 2030. Different governing bodies, such as the Occupational Safety and Health Administration (OSHA), the National Institute for Occupational Safety and Health (NIOSH), and the Environmental Protection Agency (EPA), have established specific guidelines that govern the manufacturing and application of these chemicals to protect human lives and the environment. Some of the factors impacting the market are rising demand for better airport security, growing demand for accurate metal contamination detection, and longer time to commercialize and extremely high cost of detectors.
Drug trafficking, international organized crime, and terrorism frequently transit through airports. Such illicit flows directly impact the safety of the city. To combat the various hazards posed by precursor chemicals, explosives, and terrorism, it is imperative to deploy effective technologies. Furthermore, the number of air passengers and the volume of air freight are also expected to grow due to the improved standard of living, high disposable income, and low cost of travel. This will increase the demand for security screening tools like portable chemicals, explosives, narcotics, and metal detectors. Therefore, these factors will propel the market in the coming years. Industries have been compelled to use cutting-edge quality control procedures to certify the quality of their products by strict quality control requirements and rising production standards worldwide. Metal impurities, including copper, brass, aluminum, iron, and non-magnetic steel, can lower the quality and ultimately reduce the efficiency of many industrial products. Industrial metal detectors that can identify even the smallest metal particles are in high demand. Manufacturing equipment defects can lead to production delays and significant losses for enterprises. Manufacturers are using industrial metal detectors to reduce these concerns. Hence, these factors will aid in the expansion of the market.
However, handheld detectors are relatively expensive compared to other portable detecting technologies. Additionally, the product development process takes time; therefore, manufacturers only launch or develop a few products. The high cost of handheld chemical, explosive, and narcotics detectors is thus a result of variables like gadget development cost and R&D cost. Handheld detectors are designed to be portable, easy to use, and ergonomic for the operators. Achieving these features without compromising functionality can add to the cost, as specialized materials and engineering are often required. Therefore, the higher cost of handheld chemical and metal detectors will restrain the market expansion.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
By application, the market is divided into law enforcement agencies, forensic departments, customs & borders, and others. The law enforcement agencies segment held the maximum revenue share in the market share in 2022. Emergency personnel rely heavily on reliable solutions that improve their field performance and lower the possibility of security risks. Law enforcement agencies strongly demand handheld chemicals, explosives, narcotics, and metal detectors to quickly and safely identify chemicals, explosives, metals, and priority drugs. As a result, the segment is expected to grow in the future.
Based on type, the market is divided into metal and chemical. In 2022, the metal segment recorded a significant revenue share in the market. A handheld metal detector is more precise than a security gate. Through the electromagnetic induction of metal objects, alarms are produced. The primary alarm techniques include vibration, sound and light, and earphones. It is simple to use owing to the sensitive surface's unique appearance. They are preferred over hand probes with ring sensors and have exceptionally high sensitivity. They are used in jails, chip plants, archeological digs, hospitals, etc. These benefits will help boost demand in the metal segment in the upcoming years.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.1 Billion |
| Market size forecast in 2030 | USD 4.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 10.4% from 2023 to 2030 |
| Number of Pages | 286 |
| Number of Table | 510 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered the highest growth rate in the market in 2022. Security remains a primary driver for the adoption of handheld detectors in North America. Law enforcement agencies, airports, government facilities, and public events have been deploying these devices to detect and identify potential threats, including explosives, firearms, and hazardous substances. Increased adoption of handheld chemical, explosive, narcotics, and metal detectors by various end users, as well as increased government initiatives in the acquisition and development of compact and highly sophisticated handheld detection solutions, are the main drivers of the growth.
Free Valuable Insights: Global Handheld Chemical and Metal Detector Market size to reach USD 4.5 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include OSI Systems, Inc. (Spacelabs Healthcare), Leidos Holdings, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Teledyne Technologies Incorporated, Bruker Corporation, AIRSENSE Analytics GmbH, Smith Group Plc, NUCTECH Co. Ltd., and Garrett Metal Detectors
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
This Market size is expected to reach $4.5 billion by 2030.
Rising demand for better airport security are driving the Market in coming years, however, Longer time to commercialize and extremely high cost of detectors restraints the growth of the Market.
OSI Systems, Inc. (Spacelabs Healthcare), Leidos Holdings, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Teledyne Technologies Incorporated, Bruker Corporation, AIRSENSE Analytics GmbH, Smith Group Plc, NUCTECH Co. Ltd., and Garrett Metal Detectors
In the year 2022, the market attained a volume of 1862.9 thousand Units, experiencing a growth of 8.1% (2019-2022).
The Chemical segment is leading the Market, by Type in 2022; thereby, achieving a market value of $3.2 billion by 2030.
The North America region dominated the Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 Billion by 2030.
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