Metal detectors manufactured by this industry are used for security, military, industrial and recreational purposes. A decline in manufacturing dragged down the industry over the past five years while the defense sector, whose funding increased, kept the damage to a minimum. The roles will reverse in the next five years as manufacturing picks up and funding for defense and homeland security declines, and industry revenue will improve. Through all this, increased automation of processes has minimized labor costs and widened profit margins.
This industry manufactures devices that detect the presence of metal. Industry devices include hobbyist metal detectors, metal detectors for security purposes and industrial metal detectors. Full body scanners, which have increasingly replaced walk-through metal detectors at airports, are included in this industry as these products are almost exclusively manufactured by companies involved in the Metal Detector Manufacturing industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.