Connect with us

Technology

Metal Detector Market to Grow by USD 267.6 Million (2024-2028) as Technological Innovations Advance, with AI Powering Market Evolution- Technavio

Published

on

NEW YORK, Oct. 16, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Metal Detector Market  size is estimated to grow by USD 267.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.2%  during the forecast period. Increase in technological innovations in metal detectors is driving market growth, with a trend towards increase in adoption of metal detectors in residential areas. However, high cost of metal detectors  poses a challenge – Key market players include Bounty Hunter, Codan Ltd, Costruzioni Elettroniche Industriali Automatismi SpA, Dongguan Juzheng Electronic Technology Co. Ltd., Elektral AS, Garrett Electronics Inc., Leidos Holdings Inc., Metal Detectors Inc., Nokta Makro Metal Detectors, OSI Systems Inc., Pirate Electronics Ltd., Quest Metal Detectors, The Tamis Corp., View Systems Inc., WIPOTEC OCS GmbH, XP Metal Detectors, and Zorpro Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Security and Hobby), Product (Walk-
through, Handheld, and Ground search), and
Geography (North America, Europe, APAC, Middle
East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and
Africa, and South America

Key companies profiled

Bounty Hunter, Codan Ltd, Costruzioni
Elettroniche Industriali Automatismi SpA,
Dongguan Juzheng Electronic Technology Co.
Ltd., Elektral AS, Garrett Electronics Inc., Leidos
Holdings Inc., Metal Detectors Inc., Nokta Makro
Metal Detectors, OSI Systems Inc., Pirate
Electronics Ltd., Quest Metal Detectors, The
Tamis Corp., View Systems Inc., WIPOTEC OCS
GmbH, XP Metal Detectors, and Zorpro Inc.

Key Market Trends Fueling Growth

The Metal Detector Market is witnessing significant growth due to increasing residential security concerns. Homeowners and authorities are recognizing the importance of security equipment, leading to the installation of metal detectors in residential areas. Terrorist activities have heightened the need for metal detectors in such places, with both walk-through and handheld models being used. Handheld detectors, which are cost-effective and portable, are popular among small residential apartments. The deployment of metal detectors in residential buildings worldwide is anticipated to increase during the forecast period, driving market expansion. 

The Metal Detector market is experiencing significant growth due to increasing security concerns in various sectors. Portable metal detectors, ideal for finding metallic objects in public spaces, are trending. Security applications include airports, schools, public events, industrial settings, and border checkpoints. Metal detectors are essential for safety purposes, detecting weapons, drugs, contraband, and other threats. Siddhi Equipments offers innovative solutions with handheld and walk-through detectors, featuring wireless audio, integrated GPS, waterproof platforms, and LED indicators. Alarm types and sensitivity levels cater to specific needs. Detectors are used in transportation, law enforcement, and security service providers. Food metal detectors ensure safety in residential areas and theme parks. Ferrous and nonferrous metal detection are crucial in museums and transportation hubs. Warranties and detector innovations ensure customer satisfaction. Security technology continues to evolve, addressing terrorism, mass shootings, and terrorist activity. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The global metal detector market faces a challenge due to the high cost of metal detector products. Prices vary based on features such as detection surface design, LED indicators, alarm types, sensitivity levels, and warranties. Handheld metal detectors range from USD95 to USD550, offering visual, audible, and vibration alarms. Walk-through metal detectors cost between USD2,500 and USD10,000, while ground search metal detectors are priced at USD250 to USD1,000. This high price point may deter potential customers, particularly in developing countries, from purchasing these products, potentially impacting the growth of the metal detector market negatively during the forecast period.The Metal Detector Market faces several challenges in various industries. In the security sector, mass shootings and terrorist activity necessitate advanced security technology, including metal detectors for law enforcement, schools, and transportation hubs. Siddhi Equipments and security service providers compete to offer innovative metal detectors with features like wireless audio, integrated GPS, waterproof platforms, and LED indicators. In the food industry, metal detectors are crucial for food safety. Detecting ferrous, nonferrous, and stainless metals in food products is essential to prevent foodborne diseases and comply with regulations. Handheld and walk-through detectors are popular options, with sensitivity levels and alarm types varying to meet specific needs. Warranties and detector innovations are key considerations for food manufacturers. Residential areas and theme parks also use metal detectors for security. Ground searches for metal contaminants are common in these settings. Vibration alarms and sensitivity levels are important features for these applications. Overall, the Metal Detector Market continues to evolve, addressing the diverse needs of various industries.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This metal detector market report extensively covers market segmentation by

Application 1.1 Security1.2 HobbyProduct 2.1 Walk-through2.2 Handheld2.3 Ground searchGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Security-  Metal detectors are becoming essential tools for enhancing security screening processes in various sectors. Following increased security measures after terrorist attacks, major theme parks in the US and government organizations worldwide are installing metal detectors. Airport construction and expansion projects, driven by the growing number of airlines and commuters, will also result in a higher deployment of metal detectors. Commercial places like shopping malls and IT parks are also potential targets for terror attacks, creating demand for metal detector applications in the security segment. This trend is expected to fuel the growth of the global metal detector market during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Metal Detector market encompasses a range of portable devices designed to detect metallic objects in various settings. These devices find extensive applications in security scenarios such as airports, schools, public events, industrial settings, and safety purposes, addressing growing security concerns. The technology is employed at border checkpoints for weapons detection and in theme parks, museums, and transportation hubs for enhanced safety. Portable handheld detectors and walk-through detectors are popular choices, with features like wireless audio, integrated GPS, waterproof platforms, LED indicators, and different alarm types catering to diverse user needs. Sensitivity levels and warranties are crucial factors in determining the suitability of metal detectors for ferrous metals, nonferrous metals, stainless metals, and food metal detection in food industries.

Market Research Overview

The Metal Detector market encompasses a range of portable devices designed to detect metallic objects in various settings. These devices find extensive applications in security scenarios, including airports, schools, public events, industrial settings, and border checkpoints, for safety purposes and security concerns. Metal detectors are essential in detecting weapons, drugs, contraband, and other potential threats in public spaces, where terrorism and mass shootings are a concern. Siddhi Equipments and other manufacturers offer a wide range of metal detectors, including handheld and walk-through models, with features like wireless audio, integrated GPS, and waterproof platforms. Metal detectors are also used in food industries for detecting metal contaminants in food products, ensuring food safety and complying with regulations. Food metal detectors can detect ferrous, nonferrous, and stainless metals in packaged foods, preventing foodborne diseases and ensuring the quality and safety of food products. Metal detector innovations continue to advance security technology, providing sensitivity levels and alarm types to suit various applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationSecurityHobbyProductWalk-throughHandheldGround SearchGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/metal-detector-market-to-grow-by-usd-267-6-million-2024-2028-as-technological-innovations-advance-with-ai-powering-market-evolution–technavio-302277528.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

LG webOS Transforms Home Entertainment with Effortless Content Discovery and Seamless Viewing Experience

Published

on

By

The platform puts the user at the centre, creating a simple and intuitive path to great content

LG Electronics’ webOS serves as a central entertainment hub, bringing together streaming services, live TV, and free channels in one place, designed to make content easier to find and enjoy.A clean, intuitive interface reduces complexity, helping viewers navigate content smoothly and naturally without friction.Personalized recommendations surface relevant content based on viewing habits, simplifying choices and reducing time spent searching.

DUBAI, UAE, May 12, 2026 /PRNewswire/ — LG Electronics continues to enhance home entertainment with webOS, a platform that seamlessly integrates streaming services, live TV, free channels and multiple of functionalities, including AI and voice control, all accessible on a single platform. Designed with the user experience at its core, webOS streamlines the viewing experience by organizing content across apps and services, helping viewers find and enjoy their favorite content more easily.

 

 

One Place for All Content

webOS is a one-stop entertainment destination, integrating streaming services, live TV, gaming, and LG Channels into a single, seamless experience. Users can access a wealth of free content on LG Channels without the need for downloads or subscriptions, significantly enhancing the ease of access. This streamlined approach reduces the steps required to find and enjoy content, allowing viewers to dive straight into their favorite shows and movies.

A Simpler Way to Navigate

The webOS interface emphasizes clarity and ease. The home screen keeps content prominently displayed and navigation straightforward, ensuring viewers spend less time sifting through menus and more time enjoying what they love. Every aspect of the interface is crafted with the viewing experience in mind, prioritizing user engagement over technical complexity.

Finding Content Without the Effort

By analysing viewing habits, webOS intelligently curates relevant content, making discovery faster and more intuitive. Instead of overwhelming users with choices, the platform simplifies decision-making, helping them find enjoyable content without the search feeling like a chore.

A Viewing Experience Built Around the User

Across its smart TV lineup, LG has designed webOS to embody a straightforward principle: technology should enhance the viewer’s experience. The result is a platform that feels premium and refined while remaining incredibly easy to use. With webOS, the focus shifts back to the joy of watching, ensuring that the entertainment experience is as seamless and satisfying as possible, making it the ultimate content-first, user-centric solution in the smart TV landscape.

Enhanced Stadium-Scale Sports Viewing Experience with Real-Time Updates

The 2026 LG QNED evo TVs equipped with webOS 26 provides users exciting viewing experience with LG Sports Portal, real-time Sports Alert and more. These are designed to provide users an easy way to follow sport events, from the comfort of your home. The Sports Portal serves as a centralized hub for live sport content, scores, match schedules, and group rankings, allowing football fans all-in-one access to key information without switching apps or devices. The Sports Alert feature enabled via My Page allows users to receive notifications for selected teams and leagues, including score updates, match results, and upcoming games, while the AI Concierge card can also easily help discover key stats just via voice activation as part of the daily routine.

In a world where content is abundant, but navigation can be complex, LG webOS stands out as the solution that puts the viewer in control, enhancing enjoyment through simplicity and ease of access.

About webOS platform

The webOS platform has powered LG TVs for over a decade, earning acclaim for its user-friendly interface that allows for easy navigation and customization. With a growing ecosystem of global partners, webOS is set to drive LG’s future growth across multiple devices and out-of-home experiences.

LG Channels, LG’s exclusive free streaming service, offers a wide selection of premium live and on-demand programming, including movies, TV shows, news, sports, comedy, anime and more. With an always growing number of channels, owners of LG TVs, smart monitors or projectors can easily discover their favorite programs by launching the LG Channels app. LG Channels is also available for Automotive and Hotel TV. For more news on webOS for Smart TV, visit www.lg.com

Photo: https://mma.prnewswire.com/media/2977846/LG.jpg

View original content:https://www.prnewswire.co.uk/news-releases/lg-webos-transforms-home-entertainment-with-effortless-content-discovery-and-seamless-viewing-experience-302769336.html

Continue Reading

Technology

From Coffee Grounds to Carbon Cutting: Master Concept and Geotab Reframe Logistics Efficiency in Malaysia

Published

on

By

KUALA LUMPUR, Malaysia, May 12, 2026 /PRNewswire/ — Can the secret to a more profitable fleet be found in a cup of coffee?

Master Concept, a leading cloud technology and digital transformation consultancy, recently hosted “Brewing Efficiency: Coffee, Carbon, and Better Fleets” at The Next Door of Little Eden Succulents. This exclusive event gathered Malaysia’s logistics leaders to explore the intersection of geospatial AI, telematics, and environmental responsibility, concluding with a unique hands-on coffee upcycling workshop.

“If we want to build a better future for transport, we must build it where drivers, thinkers, and dreamers already gather,” said Athena Wong, Regional Director of Geospatial Solutions at Master Concept, during the opening.

The Future of Mobility: Efficient and Sustainable
As Malaysia intensifies its ESG commitment, the logistics sector is under pressure to decarbonize. Master Concept, in partnership with global IoT leader Geotab, demonstrated how data-driven insights drive leaner, greener operations.

The session highlighted how the Google Maps Platform is revolutionizing the “outside world.” By leveraging AI-driven mapping—including location imagery, road conditions, and driver navigation—businesses can navigate the environment with unprecedented clarity.

To complement this, Geotab showcased vehicle insights beyond standard GPS tracking. By monitoring fuel efficiency, engine health, and driver safety, businesses move from reactive to proactive management. Together, these tools allow fleets to optimize routes and significantly reduce fuel consumption.

“Efficiency and sustainability are two sides of the same coin,” Athena added. “Through AI, we are giving fleet managers ‘superpowers’ to see exactly where their carbon footprint and budget are being wasted. We are moving toward a future where every kilometer driven is intentional, sustainable, and profitable.”

Sustainability in Action with Zero Waste Malaysia
The event took a hands-on turn as attendees stepped away from digital dashboards into a workshop led by Zero Waste Malaysia. Attendees rethought the concept of ‘waste’ by upcycling used coffee grounds into car pendant deodorizers. The workshop highlighted a core message: Optimization is about repurposing what is currently wasted. Just as coffee grounds become value-added products, ‘wasted mileage’ and ‘idling time’ can be converted into profit and carbon credits through the right technology.

Master Concept remains committed to driving Malaysia’s digital and sustainable future, providing the tools and expertise for businesses to navigate the evolving mobility landscape.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/from-coffee-grounds-to-carbon-cutting-master-concept-and-geotab-reframe-logistics-efficiency-in-malaysia-302769338.html

SOURCE Master Concept

Continue Reading

Technology

IRIS launches practice management platform as firms battle 105-day billing gaps and rising write-offs

Published

on

By

IRIS Firm Management unifies time recording, WIP, billing and financial reporting in a single platform, giving mid-to-large practices the real-time insight to grow more profitably

LONDON, May 12, 2026 /PRNewswire/ — IRIS Software Group (IRIS), a leading global provider of accountancy, HR, payroll, and education software, today announced the launch of IRIS Firm Management (IFM), a next-generation practice management platform purpose-built for mid-to-large UK accounting firms.

With an average gap of 105 days between completing work and receiving payment*, practice profitability is under serious pressure – in a survey of 140 UK accountancy firms, 37% identified time tracking as a key challenge, with only 33% tracking utilisation, and 76% only using basic, manual, or no WIP tracking at all**. This is compounded by the growing regulatory burden brought by changes such as Making Tax Digital to evolving companies house requirements.

IFM brings together practice management, time and billing, WIP management, and financial reporting into a single integrated solution. It gives practice leaders real-time visibility into utilisation, capacity, scope creep and margin erosion, with workflows designed to reduce admin burden, enabling senior team members to focus on high-value work. Firms using IFM have reported up to 25% reduction in write-offs and two to four hours per person per week reclaimed from billing admin.

Modern Firm Management

Most practice management tools were built for compliance, not commercial performance. IFM bridges that gap, acting as a financial control layer on top of compliance software.

Jonathan Priestley, General Manager, Global Accountancy Solutions and Transformation, said, “Accountancy practices are at an inflection point and the firms that will grow are those that can turn their operational data into commercial decisions. IFM is a demonstration of our long-term commitment to UK accountants – we’ve listened, we understand the pressures they face, and we’ve built a solution that will scale alongside them as they grow. The accounting profession underpins businesses right across the UK economy, and these firms deserve technology that matches the vital role they play.”

Support for diverse firms with complex needs

IFM is available in two configurations: IFM Core designed for firms needing foundational visibility with rapid deployment, with the system live within two to three weeks, and IFM Advanced for firms with multi-office, multi-entity or governance complexity. Importantly, both configurations have the ability to scale as firms grow, removing the need to re-platform as headcount, client volumes or structural complexity increases, while protecting margins throughout.

Key benefits of IFM***:

Real time insights to support accurate, data-driven decision making with enhanced tracking, reporting, and resource allocation – with an estimated five per cent or more time leakage recovery.Automation reclaiming between two to four hours per person per week for higher value work by reducing admin work on billing, reporting and spreadsheet validation.Boosted profitability by reducing write-offs by 15 to 25 per cent through early visibility into scope creep and margin erosion before it is too late.

Top 50 firm Larking Gowen has chosen IFM as its practice management platform, with plans to migrate from its current system following an evaluation of leading cloud solutions on the market. Richard White, Chief Information Officer at Larking Gowen, said, “We needed confidence in three things: Robust data migration from our existing system, extensive APIs to power our Power Platform apps and reports and connect the growing ecosystem of cloud applications across the firm, and the reassurance of a platform built specifically for accounting practices. IFM delivered on all three.”

Long-standing IRIS customer Morgan Griffiths LLP has chosen to migrate to IFM after using IRIS’ desktop solutions to manage tax, accounts, practice management, time recording, and job tracking. IFM has been transformational for the firm’s operational efficiency, giving them more reliability and control over essential functions. Manager Andrew Hunt said: “Billing can be such a time suck, which you don’t want it to be because that eventually comes away from your profit. These things should be super simple to do, and we’ve definitely achieved that now. That’s the biggest success of IFM for us so far.”

Beyond day-to-day efficiency, IFM has created stronger foundations for Morgan Griffiths LLP to evolve. Accelerated digitalisation and improved accessibility of real-time data has enabled partners to recognise opportunities for strategic growth. Andrew said: “I think that MTD presents an enormous opportunity for us, particularly in getting clients in a much better place where they’re getting closer to real-time information of how their business is going.”

IFM Core and IFM Advanced are now available – find out more here.

*Natwest Accountancy Benchmarking Report 2024.
**These figures are from the IRIS Discovery Tool Questionnaire taken by 140 UK accountancy firms who are IRIS customers.
***These figures are based on an ROI calculator that assesses adjustable assumptions, using a combination of industry benchmarks and early adopter feedback.

About IRIS Software Group 

IRIS Software Group is a global provider of mission critical software and one of the UK’s largest privately held software companies. IRIS provides software solutions and services for finance, HR and payroll teams, educational organisations, and accountancy firms that takes the pain out of processes and lets professionals focus on the work they love. Through simplifying, automating and providing insights on everyday mission critical tasks for organisations of all shapes and sizes, IRIS ensures customers can look forward with certainty and confidence. 
 
IRIS is the largest third-party online filer with the UK Government. Ninety-three of the top 100 UK accountancy firms use IRIS software. One in six of the UK’s workforce is paid by IRIS payroll offerings, and globally, six million employees receive their payslip via IRIS software every month. More than 850,000 UK employees are managed by IRIS HR solutions. Over 12,000 UK schools and academies use IRIS, with four million parents and guardians using IRIS apps to connect with their children’s school; 300 million messages are delivered between schools and parents each year, and over £15 million transactional payments are processed every month. IRIS is certified as a Great Place to Work® and recognised as one of The Times Top 50 Employers for Gender Equality in 2023. IRIS is also recognised as one of the Best Workplaces for Wellbeing, one of the Best Workplaces in Tech and one of the Best Workplaces for Women. 
 
To see how IRIS helps organisations get things right first time, every time, visit www.iris.co.uk or follow IRIS Software Group on LinkedIn, Twitter and Instagram.  

Logo: https://mma.prnewswire.com/media/2977020/Iris_Software_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/iris-launches-practice-management-platform-as-firms-battle-105-day-billing-gaps-and-rising-write-offs-302769337.html

Continue Reading

Trending