Lewes, DE -- (SBWire) -- 07/27/2018 --Metal Detector market will register a 5.0% CAGR in terms of revenue; reach US$ 580 million by 2023, from US$ 440 million in 2017.
A metal detector is an electronic instrument which detects the presence of metal nearby. Metal detectors are useful for finding metal inclusions hidden within objects, or metal objects buried underground. They often consist of a handheld unit with a sensor probe which can be swept over the ground or other objects. If the sensor comes near a piece of metal this is indicated by a changing tone in earphones, or a needle moving on an indicator. Usually the device gives some indication of distance; the closer the metal is, the higher the tone in the earphone or the higher the needle goes.
The major regions to produce Metal Detector are Asia-Pacific and North America, which accounting for more than 70% of production in total in 2015. North America is the largest production region (production share 45% in 2015), followed by Asia-Pacific.
According to our research and analysis, the leading five companies in the market occupies about 76% of the production value shares. Major manufacturers in the market are Minelab, Bounty Hunter, Fisher, Garrett, Teknetics.
Despite the presence of competition problems, due to the world security situation and the rise of archaeological exploration, investors are quite optimistic about this area; the future will still have more new investment enter the field.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Minelab
Bounty Hunter
Fisher
Garrett
Teknetics
Whites
Titan
OKM
Tesoro
Makro
Nokta
Treasure Cove
Big Sail
Viper
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Very Low Frequency
Pulse Induction
Beat-frequency Oscillation
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Military
Archaeology and Treasure Hunting
Leisure and Entertainment
Others
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