Report Id: SNS/A&D/1156 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Mine Detection System Market Size was valued at USD 5.63 billion in 2022, and expected to reach USD 9.18 billion by 2030, and grow at a CAGR of 6.3% over the forecast period 2023-2030.
Mine Detection System are used in defence and homeland security. The mine detection systems equipment sector is predicted to expand at a quicker CAGR due to increased procurement of mine detection systems equipment for the upgrade of different unmanned systems due to benefits such as mine detection and counter-IEDs. The expansion of the Mine Detection Systems market is predicted to fuel the expansion of the four platforms in proportion. During the forecast period, the market is projected to be driven by the need for unmanned marine vehicles on the battlefield for surveillance and my detecting capabilities.
Rising investment in R&D.
Advanced military demands.
Lack of accuracy.
Technically skilled workforce.
Extreme amount of data.
Demand for homeland security
Advancing IED detection
High skilled labour
THE IMPACT OF COVID-19:
COVID-19 is an unexpected global public health crisis that has impacted nearly every business, and the long-term impacts are expected to have an influence industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and relevant next steps. The research provides insights on COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, estimates, and predictions based on the COVID-19 market effect.
IMPACT OF UKRAINE & RUSSIA CRISIS:
We are constantly monitoring and updating reports on the political and economic uncertainties caused by Russia's invasion of Ukraine. Negative consequences are widely anticipated across the world, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States. This dispute has had a significant impact on people's lives and livelihoods, as well as caused significant disruptions in trade patterns. The possible implications of the ongoing war and instability in Eastern Europe are projected to have a negative influence on the global economy, with Russia bearing the brunt of the long-term consequences
In terms of applications, markets, and regions to assist the vendor in defining an alignment or match between their strengths and future growth potential It describes the best or most advantageous fit for vendors to pursue consecutive merger and acquisition strategies, geographic expansion, research and development, and new product introduction methods in order to execute future company expansion and growth throughout a projection time.
KEY MARKET PLAYER:
The key players in the Mine Detection Systems market are 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, and other players.
KEY MARKET SEGMENT:
Based on Development, the market was studied across Airborne Mounted, Handheld, Ship Mounted, and Vehicle Mounted.
Based on Technology, the market was studied across Laser-based, Radar Based, and Sonar Based.
Based on Upgrade, the market was studied in all MROs and OEMs.
Based on Application, the market was studied throughout the Defense and Homeland Security.
North America is expected to lead the Mine Detection Systems market during the projected period. The rising focus on increasing investments in Mine Detection Systems technologies by nations in this region is driving the growth of the North America Mine Detection Systems market. Furthermore, factors such as rising geopolitical tensions and increased defense-related spending are projected to fuel demand for Mine Detection Systems in the area. Lockheed Martin Corporation, Northrop Grumman Corporation, L3Harris Technologies, Inc., and Raytheon Technologies Corporation are all well-known and important makers of Mine Detection systems in this region.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 5.63 Billion|
|Market Size by 2030||US$ 9.18 Billion|
|CAGR||CAGR of 6.3% From 2022 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Application (Defence and Homeland Security)
• By Deployment (Vehicle Mounted, Ship Mounted, Airborne Mounted and Handheld)
• By Upgradation (OEMs and MROs)
• By Technology
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||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, and other players.|
|DRIVERS||• Rising investment in R&D.
• Rising Insecurity.
• Digital battlefields.
|RESTRAINTS||• Lack of accuracy.
• Technically skilled workforce.
• Extreme amount of data.
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Mine Detection System Market size was USD 5.3 billion in 2021 and is expected to reach USD 8.12 billion by 2028 with a CAGR of 6.3% over the forecasted period.
Demand for homeland security and Advancing IED detection
Lack of accuracy, Technically skilled workforce and Extreme amount of data.
We are constantly monitoring and updating reports on the political and economic uncertainties caused by Russia's invasion of Ukraine. Negative consequences are widely anticipated across the world, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States.
North America is expected to lead the Mine Detection Systems market during the projected period. The rising focus on increasing investments in Mine Detection Systems technologies by nations in this region is driving the growth of the North America Mine Detection Systems market.
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Mine Detection System Market, By Technology
8.1 Radar Based
8.2 Laser Based
8.3 Sonar Based
9. Mine Detection System Market, By Deployment
9.1 Vehicle Mounted
9.2 Ship Mounted
9.3 Airborne Mounted
10. Mine Detection System Market, By Upgrade
11. Mine Detection System Market, By Application
11.2 Homeland Security
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 HITACHI LTD.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 AB VOLVO
13.3 CATTERPILLAR INC.
13.4 CNH INDUSTRIAL N.V
13.5 DEERE AND COMPANY
13.6 DOOSAN INFRACOE CO.LTD
13.7 J C BAMFORD EXCAVATORS. LTD.
13.8 KOMATSU LTD.
13.9 Liebherr-international AG
13.10 XCMG GROUP
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
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