Overview and Scope
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.
Sizing and Forecast
The mine detection system market size has grown strongly in recent years. It will grow from $5.34 billion in 2023 to $5.7 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic 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.
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.
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Segmentation & Regional Insights
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
Top 5 Major Players:
- BAE Systems PLC,
- Northrop Grumman Corporation,
- L3Harris Technologies,
- General Dynamics Corporation,
North America was the largest region in the mine detection system market in 2023. The regions covered in the mine detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The mine detection system market report table of contents includes:
1. Executive Summary
2. Mine Detection System Market Characteristics
3. Mine Detection System Market Trends And Strategies
4. Mine Detection System Market – Macro Economic Scenario
5. Global Mine Detection System Market Size and Growth
….
32. Global Mine Detection System Market Competitive Benchmarking
33. Global Mine Detection System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mine Detection System Market
35. Mine Detection System Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Mine Detection System Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Mine Detection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Mine Detection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: BAE Systems Plc Financial Performance
Table 76: Northrop Grumman Corporation Financial Performance
Table 77: L3Harris Technologies Financial Performance
Table 78: General Dynamics Corporation Financial Performance
Table 79: Raytheon Technologies Corporation Financial Performance
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