PUBLISHER: The Business Research Company | PRODUCT CODE: 1429870
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429870
Mine detection involves the identification, discovery, and provision of additional information about diverse types of mines. The system employed for this purpose is designed to locate mines that are buried or concealed.
The primary deployment categories for mine detection systems encompass vehicle-mounted, ship-mounted, airborne-mounted, and handheld systems. Vehicle-mounted systems are particularly utilized for detecting landmines and improvised explosive devices (IEDs), offering high probability of detection (PD) and a low false alarm rate (FAR). These systems find applications in defense and homeland security. In terms of technology, mine detection systems can be classified as radar-based, laser-based, and sonar-based. Based on detection capability, these systems are further categorized as above surface and underground.
The mine detection system market research report is one of a series of new reports from The Business Research Company that provides mine detection system market statistics, including mine detection system industry global market size, regional shares, competitors with a mine detection system market share, detailed mine detection system market segments, market trends and opportunities, and any further data you may need to thrive in the mine detection system industry. This mine detection system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be ascribed to heightened casualties resulting from landmines, an increase in military land clearance operations, a rise in military expenditure, advancements in mine detection systems, and an escalation in 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 anticipated growth in the forecast period can be ascribed to an upsurge in casualties resulting from landmines, an increase in military land clearance operations, heightened military expenditure, advancements in mine detection systems, and an escalation in terrorist activities. Key trends projected for the forecast period involve a concentration on integrating mine detection systems with AI technology, emphasis on leveraging innovative and cutting-edge technologies, a focus on introducing novel products, dedication to research and development, and a focus on mergers and acquisitions.
The expansion of military land clearance operations is playing a significant role in the growth of the mine detection system market. The increasing prevalence of security threats and border disputes has led to a surge in military land clearance operations aimed at detecting improvised explosive devices and traditional Anti-Tank (AT) mines. As of July 2021, the Government of India reported that the Ministry of Defence oversees vast land areas, approximately 1.795 million acres, dedicated to land clearance training operations and other military training. Consequently, the heightened focus on land clearance operations is propelling the demand for mine detection technology, thereby driving the mine detection system market.
The adoption of unmanned and autonomous technologies is anticipated to be a driving force in the mine detection system market. This trend is prompting companies to develop advanced mine detection systems that can seamlessly integrate with autonomous vehicles. For instance, in May 2021, the US Navy initiated the Littoral Combat Ship Mission Modules (LCS MM) Program, which involves the procurement of 48 unmanned surface vehicles (USV) designed for both Unmanned Mine Sweeping (UMS) and Remote Mine Hunting (RMH) modules to carry out mine-hunting missions. Consequently, the incorporation of unmanned and autonomous technologies is contributing to the overall growth of the mine detection system market.
The mine detection system market is witnessing a significant trend towards technological advancements. Various innovative technologies, such as seismic acoustic sensors, optical sensors, radar technology, electromagnetic sensors, chemical sensors, and others, are being employed for the detection of landmines and improvised explosive devices (IEDs). As an example, in October 2021, South Korea's Defence Acquisition Program Administration (DAPA) introduced the PRS-20K system, a man-portable mine detector capable of identifying both metallic and non-metallic mines.
Artificial intelligence (AI) technology is gaining prominence in the mine detection system market, with companies focusing on integrating AI with mine detection systems to meet the growing demand for advanced solutions. In February 2021, Pearson Engineering, a UK-based civil engineering firm, launched 'Threat-Sense' and 'Threat-Pathway,' a camera-based mine detection system designed to enable any military vehicle to detect and counter scatterable mine threats. The detection component, Threat-Sense, employs artificial intelligence and deep learning algorithms to analyze camera feeds, identify surface threats, and display them on a screen.
In September 2021, Raytheon Technologies, a US-based aerospace and defense company, acquired SEAKR Engineering, Inc. for an undisclosed amount. This acquisition positions Raytheon Technologies to enhance its core space business by offering qualified systems. SEAKR Engineering, Inc. is a US-based aerospace manufacturer.
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.
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.
The countries covered in the mine detection system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The mine detection system market consists of sales of metal detection system, ground penetrating radar, electromagnetic induction sensorl. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mine Detection System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mine detection system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mine detection system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mine detection system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.