Global Mine Detection System Market Size, Forecasts, And Opportunities – Includes Mine Detection System Market Overview
Learn about the global mine detection system market through The Business Research Company, which provides information on mine detection system market size, mine detection system market drivers and restraints, mine detection system market players, the COVID-19 impact on the mine detection system market, and more.
The global mine detection system market size is expected to grow from $4.66 billion in 2021 to $4.95 billion in 2022 at a compound annual growth rate (CAGR) of 6.20%. The global mine detection system market size is expected to grow to $6.32 billion in 2026 at a CAGR of 6.33%.
The rise in military land clearance operations is contributing to the growth of the mine detection system market.
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The mine detection system market consists of sales of mine detection system products and related services by entities (organizations, sole traders, and partnerships) that are used for locating buried or concealed mines. Mine detection is the process of locating, detecting, and providing more information about different types of mines.
Global Mine Detection System Market Segments Include:
By Deployment: Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
By Application: Defence, Homeland Security
By Technology: Radar-Based, Laser-Based, Sonar-Based
By Detection Capability: Above Surface, Underground
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the mine detection market in 2021.
Technological advancements are a key trend gaining popularity in the mine detection system market. A large number of new and advanced technology is being used to detect landmines and IEDs, such as seismic acoustic sensors, optical sensors, radar technology, electromagnetic sensors, chemical sensors, and others.
Major Market Players: Northrop Grumman Corporation, Israel Aerospace Industries Ltd, Raytheon Technologies Corporation, BAE Systems, L3Harris Technologies, DCD Group Ltd., Lockheed Martin Corporation, Thales Group, Elbit Systems Ltd., General Dynamics Corporation, Schiebel Gmbh, and Chemring Group Plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Mine Detection System Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides mine detection system market overviews, analyzes and forecasts market size, share, mine detection system market players, mine detection system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s mine detection system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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