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Mine Detection System Market Overview, Outlook, Size, Share, Demand 2024-2033 |
Mine Detection System Market
The mine detection system market size is expected to see strong growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increased causalities from landmines, a rise in military land clearance operations, increased military expenditure, advancements in mine detection system, and increased terrorist activities. Major trends in the forecast period include focus on integrating mine detection systems with ai technology, focus on using innovative and cutting-edge technologies, focus on introducing innovative products, focus on research and development and focus on mergers and acquisitions.
Market Overview -
Mine detection is the process of locating, detecting, and providing more information about different types of mines. The mine detection system is used for locating buried or concealed mines.
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Surge In Military Land Clearance Operations Boosts Mine Detection System Market
The rise in military land clearance operations is contributing to the growth of the mine detection system market. With increasing security threats and border disputes, there has been a rise in military land clearance operations and the detection of improvised explosive devices and traditional Anti-Tank (AT) mines. For example, as of July 2021, according to the Government of India, the Ministry of defence owns tracts of land of approximately 1.795 million acres for land clearance training operations and other military training. Thus, the rising land clearance operations in defense of mine detection technology are driving the mine detection system market.
Competitive Landscape -
Major companies operating in the mine detection system market report are BAE Systems Plc, Northrop Grumman Corporation, L3Harris Technologies, General Dynamics Corporation, Raytheon Technologies Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd, Chemring Group Plc, Elbit Systems, Hindustan Aeronautics Ltd, Bharat Electronics Ltd, Bharat Dynamics Ltd, Astra Microwave Products Ltd, Apollo Micro Systems Ltd, Aviation Industry Corporation, Norinco, Japan Ground Self-Defense Force, Hanwha Systems, German Aerospace Center, Novatex, Secutech, Draeger PLMS Limited, ATLAS ELEKTRONIK UK Ltd, Schiebel Corporation, Smith's Detection, EMDION Safety Systems, Defence and Security Equipment International Ltd, Industrial Security and Communication Systems Ltd, No Climb Products Ltd, Rapiscan Systems, MS Technologies, IDenta Corp, ALNPK Consulting, Evolv Technology, Endeavor Robotics, Global Security Technology, Protection Development International Corporation, Embraer, Avibras, Israel Weapon Industries Ltd, Netline Communications Technologies, Plasan Sasa Ltd, Bet Shemesh Engines Ltd, Elbit Systems Ltd, EMTAN KARMIEL LTD.
Technological Advancements Propel Mine Detection System Market Growth
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. For instance, in October 2021, South Korea's Defence Acquisition Program Administration (DAPA), produced a man-portable mine detector named PRS-20K system, which is capable of finding both metallic and non-metallic mines.
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Key Segments -
The mine detection system market covered in this report is segmented -
1) By Deployment: Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
2) By Application: Defence, Homeland Security
3) By Technology: Radar Based, Laser Based, Sonar Based
4) By Detection Capability: Above Surface, Underground
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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