What is the Historic and Current Scenario of the Hand-Held Chemical And Metal Detector Market?
The hand-held chemical and metal detector market has seen considerable growth due to a variety of factors.
• In the past few years, there's been a swift expansion in the market size of hand-held chemical and metal detectors. The market that was anticipated to be worth $2.42 billion in 2024 is projected to experience growth to $2.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.3%.
This surge in the past can be accredited to multiple factors such as security issues and risks, counterterrorism precautions, regulatory commandments and standards, a rise in concerns regarding illicit trafficking, advancements in portability and user-friendliness, and market rivalry and innovation.
What are the Forecasted Growth and Key Factors of the Hand-Held Chemical And Metal Detector Market?
The hand-held chemical and metal detector market is expected to maintain its strong growth trajectory in upcoming years.
• Significant expansion is anticipated for the hand-held chemical and metal detector market, with predictions showing growth to a market cap of $4.96 billion in 2029, marked at a compound annual growth rate (CAGR) of 15.9%.
This expected surge in the upcoming years is due to the rise of opportunities in burgeoning regions, emphasis on cost-effectiveness and efficiency, and progress in the creation of lightweight, easy-to-use devices, as well as increased outlays in security infrastructure. Forecasted trends for this period encompass regulatory compliance and standards, transformation of threat scenarios, adaptability to environmental and operational changes, enhancements in battery life and efficiency, and tailoring to specific industry requirements.
What Main Forces Are Fueling Expansion In The Hand-Held Chemical And Metal Detector Market?
The surge in substance misuse is predicted to fuel the expansion of the hand-held chemical and metal detector market. Drug or substance misuse is defined as the usage of specific chemicals to induce gratifying effects in the brain. The escalating issue of drugs and the need to control drug transportation has massively increased the demand for chemical and metal detectors. Scientists have developed chemical detectors and chemical sensing chips to promptly test individuals for drugs like cocaine. The chip developed can potentially be used in a portable hand-held chemical detector to identify drugs in biological specimens such as blood, breath, urine, or saliva. The research indicates that the pandemic-related rise in unemployment and dwindling opportunities disproportionately impacted the poorest individuals, thus rendering them more susceptible to drug use, as well as involvement in drug trafficking and growth for revenue purposes. Consequently, the surge in substance misuse propels the growth of the hand-held chemical and metal detection market.
What Are The Primary Segments In The Global Hand-Held Chemical And Metal Detector Market?
The hand-held chemical and metal detector market covered in this report is segmented –
1) By Technology: Raman Spectroscopy, Ion Mobility Spectrometry, Metal Identification, Other Technologies
2) By Deployment: Fixed, Portable
3) By Application: Chemical Detection, Explosive Detection, Narcotics Detection, Metal Detection
4) By End User: Military And defense, Customs And borders industries, Chemicals, Pharmaceuticals, Law Enforcement, Forensic Department
Subsegments:
1) By Raman Spectroscopy: Portable Raman Systems, Handheld Raman Analyzers
2) By Ion Mobility Spectrometry: Single Ion Mobility Spectrometers, Multi-Mode Ion Mobility Systems
3) By Metal Identification: X-Ray Fluorescence (XRF), Magnetic Susceptibility Detectors
4) By Other Technologies: Gas Chromatography, Near-Infrared Spectroscopy, Surface-Enhanced Raman Scattering (SERS)
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Which Key Trends Are Driving Changes In The Hand-Held Chemical And Metal Detector Market?
The market for handheld chemical and metal detectors is experiencing a surge in popularity due to the advancements in technology. The significant entities in this sphere are concentrating on introducing unique products to gain a competitive advantage over their opponents. For example, Smiths Detection, a well-established producer of threat detection technologies in the U.S, revealed in a report in July 2023 that the Swiss Federal Department of Defense, Civil Protection, and Sport commissioned up to 1,200 Lightweight Chemical Detectors (LCD) to supersede their current fleet. The LCD is designed to detect toxic industrial chemicals and hostile chemical warfare agents, providing vital alerts to those operating in areas of heightened risk. This innovation aims to bolster the safety of operators and augment the detection of varied toxic threats, thus responding to the dynamic international security outlook.
Who Are the Key Players in the Hand-Held Chemical And Metal Detector Market?
Major companies operating in the hand-held chemical and metal detector market include:
• OSI Systems Inc.
• Teledyne Technologies Incorporated
• Smiths Group plc
• Thermo Fisher Scientific Inc.
• Bruker Corporation
• Leidos
• Garrett Metal Detectors
• 908 Devices
• Nuctech Company Limited
• FLIR Systems Inc.
• Chemring Group plc
• Morphix Technologies
• DetectaChem LLC
• Rapiscan Systems
• Morpho Detection
• Westminster International Ltd.
• Scanna MSC Ltd.
• Autoclear LLC
• C. E. I. A. S. p. A.
• Fisher Research Labs
• Kromek Group plc.
• Sibel Ltd.
• Mistral Security Inc.
• Ion Applications Inc.
• Environics Oy
• Innova Security Systems Inc.
What Is The Most Dominant Region In The Hand-Held Chemical And Metal Detector Market?
North America was the largest region in the hand-held chemical and metal detector market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand-held chemical and metal detector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
