I started in about 1976 or so, as a teenager with a used 66TR (circa late 1960s/early '70s all-metal TR technology). So I've seen the evolution from there, to TR disc, to motion disc, to TID, then more depth, then even more TID, etc... up to the present day.
And with all that hindsight to draw on, my answer to your question is that in the last 10 yrs. or so, we seem to have hit a point of dimishing returns on the advancements. Ie.: a brick wall in physics, beyond which you simply can't go deeper. At least with current science.
The reason I say this, is that if you were there "back then" watching detector technology form in the 1960s to the early 2000's, you would indeed see advancements every 5 yrs. or so, that if you didn't keep up, you were certainly a dinasour! I remember in the late 1970s, and early '80s, where it seemed like every few years, heaven help you if you didn't move up to the latest greatest, lest your friends would kick your b*tt. And this continued on it seemed for another 2 decades with constant improvements which did indeed open up another layer to worked out parks, etc... However, in the last 10 or 15 yrs, you'll notice that this is no longer true. Sure, a few whistles and bells (waterproofing a previous machine, or offering another coil size, back-light, or some such gimmick), but no real advancements in actual depth and technology (TID, etc...). I mean, you can run around with an original explorer (which is now over a decade old) and keep up with pretty much anything currently out there. Contrast to a decade from the mid '60s to the mid '70s. Or the mid '70s to the mid '80s. Or the mid '80s to the mid '90s, and in case back then, you were left in the dust.
Hence I think we've hit some sort of physical laws. You can only put so much power into the ground. You can only get computer processers to function so fast, etc.. The same debate that you see about "Moores Law", is that .... it was true for awhile, but there comes/came a time when you reach a molecular scale (if I could use the poor example, excuse me, don't get "lost in the example"), and you simply can't build it any smaller. So too for engineering of metal detectors. There is the ground to deal with (since we're not detecting through thin air) and ....... unless something totally different comes out, current metal detectors have hit a brick wall.