Industry Background:
Underwater detectors, waterproof detectors that generate an electromagnetic field for detection of ferrous, non-ferrous, and other metals located inside the water. These detectors can locate and then pinpoint and track metal objects from a distance, depending on its capability. It detects underwater metal objects through audible, visual, and vibration of detectors when a metal object is detected.This growth is primarily driven by The Growth in Demand for Underwater Detector in Developing Economies and Rising Government’s Procurement of Underwater Metal Detectors in Developed Nations.
Globally, a noticeable market trend is evident Adoption of Pulse Induction Metal Detector Technology. Major Players, such as Tesoro Electronics (United States), Garrett Electronics, Inc. (United States), JW Fishers (United States), White’s Electronics (United States), Aquascan International Ltd. (United Kingdom), CEIA USA Ltd. (United States), Kellyco Metal Detectors (United States), Minelab Americas Inc. (United States), Atlantic Diving Supply (ADS) (United States) and Treasure Cove (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- The Growth in Demand for Underwater Detector in Developing Economies
- Rising Government’s Procurement of Underwater Metal Detectors in Developed Nations
Market Trend
- Adoption of Pulse Induction Metal Detector Technology
Restraints
- Lack of Awareness in Underdeveloped Countries
Opportunities
The Growth of Marine Diving Worldwide
Challenges
High Cost of Underwater Detector Devices
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