Hand-Held Chemical And Metal Detector Global Market
The Hand-Held Chemical And Metal Detector by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hand-Held Chemical And Metal Detector, The hand-held chemical and metal detector market size has grown rapidly in recent years. It will grow from $2.16 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to security concerns and threats, counterterrorism measures, regulatory mandates and standards, increased illegal trafficking concerns, enhanced portability and user-friendliness, market competition and innovation..
The hand-held chemical and metal detector market size is expected to see rapid growth in the next few years. It will grow to $4.25 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to emerging opportunities in developing regions, focus on cost-effectiveness and efficiency, development of lightweight and user-friendly devices, increased investment in security infrastructure. Major trends in the forecast period include regulatory compliance and standards, evolving threat landscape, environmental and operational adaptability, battery life and efficiency improvements, customization for industry-specific needs.
The increase in drug abuse is expected to propel the growth of the hand-held chemical and metal detector market. The use of certain chemicals to produce pleasurable effects on the brain is referred to as drug or substance abuse. To counter the rise in drugs and contain the transportation of drugs demand for chemical and metal detectors is increasing rapidly. Chemical detectors and chemical sensing chips have been created by scientists to test people for cocaine as rapidly as possible. The chip produced could be used in a portable hand-held chemical detector for detecting drugs in biological samples including blood, breath, urine, or spit. According to UNODC’s World Drug Report 2021, in 2018, nearly 269 million people used drugs, which increased to 275 million people by the year 2020. According to the report, the pandemic’s increased unemployment and diminished prospects will disproportionately affect the poorest, rendering them more vulnerable to drug use, as well as drug trafficking and cultivation for profit. Therefore, an increase in drug abuse drives the hand-held chemical and metal detection market growth.
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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
Technology advancement is gaining popularity in the hand-held chemical and metal detector market. Major players in the market are focusing on bringing innovative products to obtain an edge in the market against their competitors. For instance, in September 2021, 908 Devices, a US-based company offering handheld chemical detection, released a new aerosol module for the handheld MX908. The MX908 is a handheld chemical detection mass spectrometer device that provides immediate actionable results for responders, such as chemical and hazmat teams, law enforcement, and international customs agents, in seconds, ensuring that whenever a responder encounters a highly toxic and unknown threat, they are empowered to move forward with quick and intelligent remediation. The MX908 is a vital analytical tool for chemical, explosive, priority drug, and hazmat operations because it can identify a wide range of compounds at trace levels, including solids, liquids, vapors, and even aerosols.
The hand-held chemical and metal detector market report table of contents includes:
1. Executive Summary
2. Handwriting Digital Pens Market Characteristics
3. Handwriting Digital Pens Market Trends And Strategies
4. Handwriting Digital Pens Market – Macro Economic Scenario
5. Global Handwriting Digital Pens Market Size and Growth
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31. Global Handwriting Digital Pens Market Competitive Benchmarking
32. Global Handwriting Digital Pens Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Handwriting Digital Pens Market
34. Handwriting Digital Pens Market Future Outlook and Potential Analysis
35. Appendix
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