May 10, 2022 07:23 ET | Source: Research and Markets Research and Markets
Dublin, May 10, 2022 (GLOBE NEWSWIRE) -- The "Global Handheld Chemical and Metal Detector Market with COVID-19 Impact Analysis by Technology, Application, End User, and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global handheld chemical and metal detector market is expected to reach USD 4.1 billion by 2027 from an estimated USD 2.3 billion in 2022, at a CAGR of 12.4% from 2022 to 2027.
The growth of the handheld chemical and metal detector market can also be attributed to the growing number of terrorist and criminal attacks resulting from geopolitical unrest. The chemical detection application is projected to lead the global handheld chemical and metal detector market during the forecast period According to the New York State Department of Health, chemicals can be toxic as they harm humans and animals by causing damage to vital organs or body functions when they enter the body. Exposure to such toxic chemicals can severely affect human health, or in some cases, it can lead to fatality. Some chemicals can explode, burn, or react easily with other chemicals and become hazardous for humans and the environment. Thus, reliable and accurate chemical detection devices are essential to curb the spread of such toxic chemicals.
Handheld chemical detectors offer several advantages, such as rapid response time, easy operation, and the ability to scan through glass, plastic, and other container materials. They also help minimize the operator exposure to the chemical - keeping the first responder and community safer. According to the American Chemistry Council (ACC), the total chemical production volume in the US rose by 1.4% post COVID after a contraction of 3.5% in 2020.
The chemical production volume is estimated to increase by 4.3% in FY 2022. Thus, the increase in the production of chemicals is expected to increase the demand for handheld chemical detectors by the end-users to safeguard workers and communities. Owing to this, the chemical detection segment accounted for the largest share of the handheld chemical and metal detector market in 2021 and is expected to dominate the market during the forecast period. Law enforcement agencies & forensic departments to witness the highest CAGR in the handheld chemical and metal detector market during the forecast period First responders highly rely on robust systems that not only enhance their capabilities in the field but also reduce the potential security risks. Thus, there is a high demand for highly accurate and reliable handheld chemical, explosive, narcotics, and metal detectors by law enforcement agencies & forensic teams to safely detect chemicals, explosives, metals, and priority drugs in minimal time.
Furthermore, the increase in drug abuse during the pandemic and the emergence of carfentanyl, a synthetic opioid 10,000 times more potent than morphine and 100 times more potent than fentanyl, has increased the threat to communities and law enforcement agencies. This has led to increased demand for handheld narcotics detectors, which enable safe and accurate detection of such highly potent drugs.
Owing to these, law enforcement agencies & forensic departments held the largest share of the handheld chemical and metal detector market in 2021. Also, these end users are projected to dominate the market during the forecast period and are likely to witness the highest CAGR from 2022 to 2027. Based on region, North America is expected to account for the largest share of the handheld chemical and metal detector market by 2027 In 2027, North America is projected to hold the largest share of the overall handheld chemical and metal detector market. The major factor contributing to this growth is the dominance of the US with the presence of numerous chemical, explosive, narcotics, and metal detector manufacturers, including OSI Systems, Inc.; Teledyne Technologies Incorporated; Thermo Fisher Scientific Inc.; Agilent Technologies, Inc.; and 908 Devices Inc., in the country.
Other factors spurring the growth of the handheld chemical and metal detector market in the region are the high adoption of handheld chemical, explosive, narcotics, and metal detectors by different end users, including law enforcement agencies & forensic departments, customs & borders, military & defense, airports, and the pharmaceuticals industries and increased initiatives by governments in procurement and development of compact and highly advanced handheld detection solutions. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary
4 Premium Insights 4.1 Handheld Chemical and Metal Detector Market Opportunities 4.2 Handheld Chemical and Metal Detector Market, by Technology 4.3 Handheld Chemical and Metal Detector Market, by Application 4.4 Handheld Chemical and Metal Detector Market, by End-user 4.5 Handheld Chemical and Metal Detector Market, by Region 4.6 Handheld Chemical and Metal Detector Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Increasing Threat of Chemical and Explosives Terrorism 220.127.116.11 Rising Focus of Governments Worldwide on Imposing Stringent Regulations to Ensure Human and Environmental Safety 5.2.2 Restraints 18.104.22.168 Extremely High Cost of Handheld Chemical, Explosive, and Narcotics Detectors, Along with Longer Time to Market 5.2.3 Opportunities 22.214.171.124 Increasing Efforts of Law Enforcement Agencies to Fight Against Drug Trafficking 126.96.36.199 Surging Need to Improve Airport Security 5.2.4 Challenges 188.8.131.52 Interference Caused in Functioning of Certain Medical Devices When End-users are Scanned Using Metal Detectors 5.3 Supply Chain Analysis 5.4 Trends/Disruptions Impacting Business of Market Players and Raw Material Suppliers 5.4.1 Revenue Shift and New Revenue Pockets for Handheld Chemical and Metal Detector Market Players 5.5 Handheld Chemical and Metal Detector Ecosystem 5.6 Porter's Five Forces Model 5.7 Case Study 5.7.1 Thermo Fisher Scientific Inc. Helps Swedish Customs to Intercept and Interdict Illegal and Dangerous Items Smuggled into Sweden 5.7.2 Ms Technologies Inc. Assists Shopping Center Owner to Reinforce Security in Shopping Center and Underground Parking 5.8 Technology Analysis 5.8.1 Complementary Technologies 184.108.40.206 Bluetooth Low Energy (Ble) 5.8.2 Adjacent Technologies 220.127.116.11 X-Ray Imaging 18.104.22.168 Fluorescence Spectroscopy 5.9 Average Selling Price Analysis 5.10 Trade Analysis 5.11 Patent Analysis, 2015-2021 5.12 Tariffs and Regulations
6 Handheld Chemical and Metal Detector Market, by Technology 6.1 Introduction 6.2 Raman Spectroscopy 6.2.1 Handheld Raman-Based Detectors Were Primarily Used to Identify White Powders and Clear Liquids 6.3 Ion Mobility Spectrometry 6.3.1 Ion Mobility Spectrometry is Widely Used to Identify Explosives and Narcotics 6.4 Metal Identification 6.4.1 Handheld Metal Detectors Use Electromagnetic Fields to Detect Metallic Objects 6.5 Others
7 Handheld Chemical and Metal Detector Market, by Application 7.1 Introduction 7.2 Chemical Detection 7.2.1 Demand for Handheld Chemical Detectors is Fueled by Increasing Use of Chemicals in Terrorist Activities 7.3 Explosive Detection 7.3.1 Handheld Explosive Detectors are Used by Law Enforcement Agencies, Hazmat Teams, Bomb Squads to Protect Buildings and Assets 7.4 Narcotics Detection 7.4.1 Market for Narcotics Detection Application is Expected to Grow at Highest CAGR from 2022 to 2027 7.5 Metal Detection 7.5.1 Handheld Metal Detectors are Integral Part of Physical Security Screening Process
8 Handheld Chemical and Metal Detector Market, by End-user 8.1 Introduction 8.2 Law Enforcement Agencies & Forensic Departments 8.2.1 Increase in Terrorism and Potential Threats Make Law Enforcement Agencies Major End-users of Handheld Detectors 8.3 Customs & Borders 8.3.1 Handheld Detectors Enable Quick and Non-Destructive Detection of Metals and Chemicals Used in Mass Destruction Weapons 8.4 Military & Defense 8.4.1 Conventional and Homemade Cbrn Weapons and Toxic Industrial Hazards are Complex Threats 8.5 Airports 8.5.1 Growing Number of Air Passengers and Increasing International Crime Rate to Fuel Market Growth 8.6 Others
9 Geographic Analysis 9.1 Introduction 9.2 North America 9.2.1 US 22.214.171.124 Us to Dominate Handheld Chemical and Metal Detector Market in North America 9.2.2 Canada 126.96.36.199 Initiatives Taken by Government and Canada Border Services Agency for Prohibiting Entry of Illegal Goods to Stimulate Market Growth in Canada 9.2.3 Mexico 188.8.131.52 Increased Use of Handheld Narcotics Detectors for Detection of Illegal Drugs in Mexico to Fuel Market Growth 9.3 Europe 9.3.1 UK 184.108.40.206 Strong Presence of Handheld Chemical, Explosive, Narcotics, and Metal Detector Manufacturers to Boost Market Growth 9.3.2 Germany 220.127.116.11 Increased Drug Trafficking Activities and Terrorism Threats to Foster Market Growth 9.3.3 France 18.104.22.168 Urgent Need for Strong Security Measures and Public Safety in France to Spur Market Growth 9.3.4 Rest of Europe 9.4 Asia-Pacific 9.4.1 China 22.214.171.124 Robust Presence of Many Chemical Plants and Airports to Propel Demand for Handheld Detectors 9.4.2 Japan 126.96.36.199 High Security at Airports and Country Borders to Promote Use of Handheld Detectors in Japan 9.4.3 South Korea 188.8.131.52 Increased Number of Workplace Accidents and Significant Number of Casualties while Handling Chemicals to Fuel Market Growth in South Korea 9.4.4 Rest of Asia-Pacific 9.5 Row 9.5.1 Middle East & Africa 184.108.40.206 Drug Trafficking and Precious Metal Thefts to Propel Market Growth 9.5.2 South America 220.127.116.11 Drug Production, Trafficking, and Distribution to Create Opportunities for Providers of Handheld Chemical and Metal Detectors
10 Competitive Landscape 10.1 Overview 10.2 Market Evaluation Framework 10.2.1 Product Portfolio 10.2.2 Regional Focus 10.2.3 Manufacturing Footprint 10.2.4 Organic/Inorganic Strategies 10.3 Market Share Analysis, 2021 10.4 5-Year Company Revenue Analysis 10.5 Company Evaluation Quadrant 10.5.1 Star 10.5.2 Emerging Leader 10.5.3 Pervasive 10.5.4 Participant 10.6 Start-Up and Sme in Handheld Chemical and Metal Detector Market 10.7 Company Footprint 10.8 Competitive Situations and Trends 10.8.1 Product Launches 10.8.2 Deals 10.8.3 Others
11 Company Profiles 11.1 Key Players 11.1.1 Osi Systems, Inc. 11.1.2 Teledyne Technologies Incorporated 11.1.3 Smiths Group plc 11.1.4 Thermo Fisher Scientific Inc. 11.1.5 Agilent Technologies, Inc. 11.1.6 Bruker Corporation 11.1.7 Leidos 11.1.8 Garrett Metal Detectors 11.1.9 908 Devices Inc. 11.1.10 Nuctech Company Limited 11.2 Other Key Players 11.2.1 Safeway Inspection System Limited 11.2.2 Rigaku Corporation 11.2.3 Chemring Group plc 11.2.4 Environics Oy 11.2.5 Shenzhen Security Electronic Equipment Co., Limited 11.2.6 Pendar Technologies 11.2.7 Anton Paar GmbH 11.2.8 Ms Technologies Inc. 11.2.9 Scanna Msc Ltd. 11.2.10 C.E.I.A. S.P.A. 11.2.11 Adams Electronics 11.2.12 Westminster Group plc 11.2.13 Serstech Ab 11.2.14 Airsense Analytics GmbH 11.2.15 Pki Electronic Intelligence GmbH
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