The mine detection system market size was valued at USD 5.9 billion in 2022 and is estimated to reach USD 7.6 billion by 2028, growing at a CAGR of 6.2% during the forecast period 2023-2028.
The mine detection system is very useful for locating buried and concealed mines. These systems help locate and detect various mines and provide information regarding different types of mines. The growing prevalence of sensor technology in the defense industry is likely to propel the demand for the mine detection system market size.
There is an increasing number of terrorist organizations worldwide that are causing serious damage to people. Improvised explosive devices are the new trend in these organizations, as they can be activated differently. India, Russia, Turkey, Pakistan, and other countries have suffered IED blasts recently that caused severe damage to people.
The US is investing a huge amount in the military to defeat IEDs. It is estimated that over 26,445 people died due to IED attacks worldwide in 2017. In recent years, terrorist organizations have been likely to expand their regional presence in Afghanistan and Syria.
Several countries are investing in mine detection systems to detect or neutralize IEDs to reduce terrorist attacks. As a result, this is a major attribute for the market shares to grow extensively during the forecast period.
Military services prefer modern technology in field applications. Mostly all the applications in the research and development stage use sensor technology. A wide range of sensor technology has varied application solutions for land, air, sea, and space. The defense industry prioritizes standard and custom-engineered special products in developed countries like the US. The extensive prevalence of sensor technology in the defense industry is boosting the growth rate of the mine detection system market.
Increasing demand for demining activities in the military is enhancing the market's growth rate to an extent. The rising security threats and border disputes are increasing demand for the mine detection systems market worldwide. There is an increasing demand for these systems to detect IEDs and traditional anti-tank mines. In addition, a growing number of land clearance operations in the military is likely to propel the market's growth rate to an extent.
However, the high cost of maintenance and installation of these systems degrades the growth size of the mine detection system market. Lack of proper support from the government organization is also a factor limiting the demand of this market. Stringent rules and regulations by state-owned defense organizations are majorly hindering the growth rate of the mine detection system market.
The rise in threats from the IED blasts is setting growth opportunities for the mine detection system market. Homeland security agencies of many countries like India, Turkey, the Uk, France, and Others are focussing on establishing advanced technology by investing more in procuring advanced IED detection is raising demand for the mine detection system market.
COVID-19 disrupted the shares of the mine detection system market. Due to the COVID-19 outbreak, various industry operations have been halted temporarily, which negatively impacted the market revenue. However, several military equipment contractors are observing a rise in orders from various countries as there is an increasing demand for military technologies. The US government is a major contributor to the increasing demand for military services. As a result, increasing investments in military services in the US are leveraging the market’s revenue.
In 2021, US Navy gave the contract to General Dynamics Mission Systems Inc., of Quincy, Massachusetts, to convert Block I configuration and engineering support services from five surface mine Countermeasure Unmanned Undersea Vehicle systems.
In 2021, the Indian Ministry of Defense (MoD) initiated a request for information to procure or lease four mine countermeasure vessels from a foreign country.
In 2021, British Military gave a contract to Germany’s Rheinmetall that provides British armed forces with mission matters. In addition, British authorities planned to purchase four additional mission matters that offer fire support modules to build up military potential. Mission matters have many applications, such as surveillance, security, and casualty evacuation.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
6.2% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
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Vehicle Mounted
Ship Mounted
Airborne Mounted
Handheld
Ship mounted segment is leading with the highest shares of the mine detection system market. With rising threats for shipping and maritime military forces, the demand for the ship-mounted segment is rising. The vehicle-mounted segment is next in leading the market shares, whereas the airborne-mounted segment is expected to have a significant growth rate during the forecast period.
Defense
Homeland Security
The defense category is thriving with the largest shares of the mine detection system market. In addition, the rising popularity and increasing need to reduce IED blasts are prompting the demand for this segment. The homeland security segment will grow higher in the coming years. Increasing investments and growing support from government authorities are likely to fuel the demand for this segment.
Radar
Laser
Sonar
The sonar segment is ruling with the dominant shares of the mine detection system market owing to a rise in the demand for upgrade operations. Also, increasing demand for commercial and combat ship deliveries is enhancing the growth rate of the sonar segment. As a result, the radar segment is anticipated to have the largest growth rate during 2023-2028.
OEMs
MROs
The OEMs segment will likely hit the largest growth rate in the forecast period. Growing demand to install advanced technologies and the rise in prevalence of upgrading the existing detection systems are surging the growth rate of the OEMs segment.
The North American mine detection system market has significant shares due to rising investments in the existence of the top key players. The US is a major shareholder of the market as this country is one of the key manufacturers of mass detection systems worldwide. US defense strategy is to invest more in unmanned systems that help in detecting the presence of planted mines.
Asia Pacific mine detection system market is following North America in holding the shares. The rise in the number of IED blasts and the growing number of terrorist attacks are majorly contributing to the growth rate of the market in North America. China and India are planning to introduce advanced technology in the army so as to lower terrorist attacks.
For instance, the Indian Ministry of Defense owned land of approximately 1.795 acres only to perform land clearance operations. Therefore, the growing land clearance operations are solely accelerating the growth rate of the mine detection system market.
Europe mine detection system market shares hit the largest growth rate in 2022 and are also likely to continue the same growth rate during the forecast period 2023-2028. The growing economy and rise in the prevalence of upgrades are outraging the demand for the market in Europe. Also,
BAE Systems Plc
Israel Aerospace Industries
Raytheon
Northrop Grumman Corporation
L-3 Communications Holdings Inc
Harris Corporation
General Dynamics Corporation
Schiebel Gmbh
DCD Group
Chemring Group Plc.
Frequently Asked Questions
The mine detection system market is expected to have a CAGR of 6.2% during the forecast period 2023-2028.
BAE Systems Plc, General Dynamics Corporation, Schiebel Gmbh, DCD Group, Chemring Group Plc, Israel Aerospace Industries, Raytheon, Northrop Grumman Corporation, L-3 Communications Holdings Inc, Harris Corporation are some key players in the Mine
The OEMs segment is leading with dominant shares of the market.
Rising terrorist organizations across the world are a major driving factor for market growth.
The market value was estimated at USD 5.9 billion in 2022.
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