Handheld Chemical and Metal Detector Market Set to Grow at the Fastest Rate- Time to Grow your Revenue


Posted September 28, 2022 by nareshkumar

Handheld Chemical and Metal Detector Market by Technology (Raman Spectroscopy, Ion Mobility Spectrometry), Application (Chemical Detection, Explosive Detection), End User
 
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.

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Raman spectroscopy is projected to grow at the highest CAGR during the forecast period

Raman spectroscopy is among the widely used detection technologies. According to the Scientific Working Group for the Analysis of Seized Drugs (SWGDRUG), an instrument or a device based on Raman spectroscopy is an analytical technique that has the highest potential discriminating ability for the detection and identification of narcotics (Class A analytical technique).

In addition, handheld detectors based on Raman spectroscopy offer rapid response time, ease of operation, and effective identification of chemicals, explosives, and narcotics by scanning packaging materials, without disturbing the sample, which minimizes the exposure to the operator—keeping the first responder and community safer. Due to these benefits, Raman spectroscopy technology is expected to dominate the market during the forecast period.The market for the narcotics detection application is projected to grow at the highest CAGR during the forecast period

The market for the narcotics detection application is projected to grow at the highest CAGR during the forecast period

The opioid crisis had a significant impact on drug enforcement. The first responders should accurately identify fentanyl and other opioids at true trace levels as a speck of fentanyl can cause an overdose or death. The handheld narcotics detector assists the first responders in safely testing and identifying deadly drugs and keeping them out of reach of the communities. The detector provides reliable investigative information in the field with the rapid analysis of suspected narcotics and limits officer exposure risk to the dangers of synthetic opioids. Thus, the market for the narcotics detection application is projected to grow at the highest CAGR during the forecast period.

Law enforcement agencies & forensic departments are projected to dominate the market during the forecast period and are likely to witness the highest CAGR from 2022 to 2027

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 are projected to dominate the market during the forecast period and are likely to witness the highest CAGR from 2022 to 2027.

Handheld chemical and metal detector market in Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific is expected to follow the North American market in terms of technological advancements and the rapid adoption of handheld chemical, explosive, narcotics, and metal detectors. Asia Pacific holds tremendous potential for the handheld chemical and metal detector market due to the rising demand for these detectors from its chemicals and pharmaceuticals industries, as well as end users from the military & defense and customs & borders industries. Owing to this, Asia Pacific.

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OSI Systems, Inc. (US), Teledyne Technologies Incorporated (US), Smiths Group plc (UK), Thermo Fisher Scientific Inc. (US), Agilent Technologies, Inc. (US), Bruker Corporation (US), Leidos (US), Garrett Metal Detectors (US), 908 Devices Inc. (US), and Nuctech Company Limited (China) are some of the key players in the handheld chemical and metal detector market.
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Last Updated September 28, 2022