Canada Underwater Metal Detector Market

Canada Underwater Metal Detector Market Insights Forecasts to 2035

• The Canada Underwater Metal Detector Market Size Was Estimated at USD 140.3 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 8.9% from 2025 to 2035
• The Canada Underwater Metal Detector Market Size is Expected to Reach USD 358.4 Million by 2035

According to a research report published by Decision Advisior & Consulting, the Canadian Underwater Metal Detector Market size is anticipated to reach USD 358.4 Million by 2035, growing at a CAGR of 8.9% from 2025 to 2035. The market is driven by the technological advancements that have enhanced the efficiency and reliability of underwater metal detectors, making them more accessible and appealing to a broader range of consumers. the demand for advanced metal detection technologies in marine environments is expected to see significant growth over the forecast period

Market Overview

Underwater metal detectors are referred to as advanced electrical devices designed to find metallic objects submerged beneath the water's surface. Innovations in undersea technology, as well as growing interest in treasure seeking and marine exploration, are responsible for this market's growth. Technological developments that have improved the effectiveness and dependability of underwater metal detectors, making them more widely available and desirable to a wider spectrum of customers, have also contributed to the expansion.

From September 2023 to August 2024, Canada shipped two shipments of metal detectors. One Canadian exporter to one buyer made these shipments, which is a 60% decline in growth over the previous year.

For novices searching for hidden wealth, the Garrett Ace 400 is an excellent beginning metal detector. Underwater searches are becoming more accurate and effective due to the incorporation of GPS technology and data analytics into metal detectors. The expanding eco-tourism trend offers industry participants a chance to serve eco-aware customers who are interested in ethical exploring methods.

Report Coverage

This research report categorizes the market for the Canada underwater metal detector market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada underwater metal detector market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada underwater metal detector market.

Driving Factors

The underwater metal detector market in Canada is driven by improved divers’ comfort and lessening fatigue; gadgets are getting smaller and more accessible with a focus on ergonomics and downsizing. application of artificial intelligence to increase recovery success rates, decrease false positives, and improve target discrimination. The capabilities of products are always being improved by technological developments, which also encourage consumers to replace their current devices, enhance offshore exploration activities, boost defence budgets, and improve sensing technologies.

Restraining Factors

The underwater metal detector market in Canada is restrained by the complex laws and environmental restrictions that limit production and market access. Prospective purchasers may be deterred by the exorbitant cost of advanced detection technology, particularly in developing countries. Underwater exploration's regulatory limitations can provide difficulties. Financial crises frequently lead to decreased discretionary expenditure, which may have an impact on sales.

Market Segmentation

The Canada underwater metal detector market share is categorised into technology, application, and end user.

• The pulse induction segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Canada underwater metal detector market is segmented by technology into pulse induction, very low frequency, multi-frequency. Among these, the pulse induction segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by its capacity to identify targets at deeper depths than other technologies and its better effectiveness in saltwater settings. This contemporary selection technique uses brief electrical energy bursts to produce electromagnetic fields that effectively distinguish between various metal types and sizes while penetrating down into undersea sediments.

• The marine archaeology segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on application, the Canada underwater metal detector market is segmented into treasure hunting, marine archaeology, security and defence. Among these, the marine archaeology segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth of the segment is driven by maintaining a focus on scientific study, historical site exploration, and cultural heritage preservation initiatives that call for accurate detection skills and complete recording procedures. expanding international collaboration in maritime archaeology research and boosting government assistance for the preservation of undersea cultural treasures.

• The government agencies segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Canada underwater metal detector market is segmented by end user into professional drivers, government agencies, research institutions. Among these, the government agencies segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by the business's need for underwater sensor technologies has increased dramatically. Submarines rely heavily on sensors for defence, communication, surveillance, and navigation functions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada underwater metal detector market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                                      

• Marine Magnetics
• Deep Trekker’
• Copper Stone Technologies
• Russell Nde Systems
• VodaSafe Inc.
• Minelab
• Nokta Detection Technologies
• Garrett
• Fisher
• Others

Key Target Audience

Market Players

• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2025, Minelab announced the Vanquish 360, Vanquish 460, and Vanquish 560 metal detectors. These new detectors are designed to offer advanced functionality at a low price, making them perfect for hobbyists and detectorists.

Market Segment

This study forecasts revenue at the Canada, regional, and country levels from 2020 to 2035. Decision Advisior has segmented the Canada Underwater Metal Detector Market based on the below-mentioned segments:

Canada Underwater Metal Detector Market, By Technology

• Pulse Induction
• Very Low Frequency
• Multi-Frequency

Canada Underwater Metal Detector Market, By Application

• Treasure Hunting
• Marine Archaeology
• Security and Defence

Canada Underwater Metal Detector Market, By End User

• Professional Drivers
• Government Agencies
• Research Institutions

FAQ’s

Q: What is the Canadian underwater metal detector market size?

A: The Canada Underwater Metal Detector Market size is expected to grow from USD 140.3 million in 2024 to USD 358.4 million by 2035, growing at a CAGR of 8.9% during the forecast period 2025-2035. 

Q: What is underwater metal detector, and its primary use?

A: Underwater metal detectors are referred to as advanced electrical devices designed to find metallic objects submerged beneath the water's surface. Innovations in undersea technology, as well as growing interest in treasure seeking and marine exploration, are responsible for this market's growth. Technological developments have improved the effectiveness and dependability of underwater metal detectors.

Q: What are the key growth drivers of the market?

A: Market growth is driven by the improved divers’ comfort and lessening fatigue; gadgets are getting smaller and more accessible with a focus on ergonomics and downsizing. application of artificial intelligence to increase recovery success rates, decrease false positives, and improve target discrimination.

Q: What factors restrain the Canadian underwater metal detector market?

A: The market is restrained by complex laws and environmental restrictions that limit production and market access. Prospective purchasers may be deterred by the exorbitant cost of advanced detection technology, particularly in developing countries. Underwater exploration's regulatory limitations can provide difficulties.

Q: How is the market segmented by application?

A: The market is segmented into treasure hunting, marine archaeology, security and defence.

Q: Who are the key players in the Canadian underwater metal detector market?

A: Key companies include Marine Magnetics, Deep Trekker, Copper Stone Technologies, Russell Nde Systems, VodaSafe Inc., Minelab, Nokta Detection Technologies, Garrett, and Fisher.