According to a new report, published by KBV research, 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).
The Chemical segment is leading the Global Handheld Chemical and Metal Detector Market, by Type in 2022; thereby, achieving a market value of $3.2 billion by 2030. The rise in security hazards over time is a significant factor fueling the segment's expansion. The chemical detectors analyze through containers and opaque barriers, from helping first responders identify the contents of suspect packages to high-throughput raw material identification inside unopened packaging at pharmaceutical quality control.
The Customs & Borders segment is exhibiting a CAGR of 10.8% during (2023 - 2030). Border protection agencies play a vital role in national security efforts to prevent the entry of hazardous substances. The massive number of commodities being carried, and the implementation of inspection procedures provide these organizations with serious difficulties. They need to know what substances may be inside a package to ensure their access to fast and accurate analytical equipment is imperative. Therefore, the segment is expected to proliferate in the coming years.
The North America region dominated the Global Handheld Chemical and Metal Detector 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. The Europe region is estimated to grow at a CAGR of 10.2% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 11.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/handheld-chemical-and-metal-detector-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
Companies Profiled
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