The mine detection system market is expected to grow from US$ 4,870.78 million in 2021 to US$ 8,286.55 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
Over the years, mine detection systems have experienced major developments by global players to offer new and advanced systems to the end users, such as defense forces, paramilitary forces, and border security forces. This rise in investment in new product development is attributed to the growing demand for advanced mine detection among military and naval forces across the globe. The key players operating in the global mine detection system market include BAE Systems; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Northrop Grumman Corporation; and Raytheon Technologies Corporation. Some of the major developments in the mine detection system market are as follows:
- In February 2021, Pearson Engineering launched its air-scatterable and surface-placed mine clearance systems. The products consists of a machine learning-based mine detection and avoidance system and an emergency deployed self-extraction mine clearance instrument, respectively.
- At the DSEI Japan 2019 military exhibition in China in November, Japanese company IHI revealed an autonomous underwater mine-detection system. The system consists of two unmanned vehicles which can collect, process, classify, and broadcast information to the mother ship concerning mine-like objects.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Mine Detection System Market: Strategic Insights
Market Size Value in US$ 4,870.78 Million in 2021 Market Size Value by US$ 8,286.55 Million by 2028 Growth rate CAGR of 7.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Mine Detection System Market: Strategic Insights
| Market Size Value in | US$ 4,870.78 Million in 2021 |
| Market Size Value by | US$ 8,286.55 Million by 2028 |
| Growth rate | CAGR of 7.9% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Thus, such high investments by the global mine detection system market players in the development of advanced mine detection systems to ensure enhanced efficiency for detecting both metallic and non-metallic mines are driving the global market. A substantial portion of the budget allocation is defined toward the procurement of countermeasure technologies, including mine detection systems. These factors have influenced the procurement of mine detection systems and thus drives the mine detection system market growth.
Impact of COVID-19 Pandemic on Mine Detection System Market
The COVID-19 crisis has adversely affected various industries worldwide, and the global economy faced a slump in 2020 and 2021. The disruptions in the supply chain of mine detection system components discontinued the production of mine detection systems during the initial months of the COVID-19 outbreak. Moreover, several military equipment contractors observed a drop in deliveries for their respective products, cancelation or rescheduling of military orders and delivery, and labor shortages that hampered their businesses. The increase in order backlogs and disruptions in the supply chain during the initial outbreak led to a decline in the revenues of the mine detection system market. However, the North America comprises the largest spending country on military technologies i.e. the US. The significant year-on-year investments toward military technologies by the US government are major reasons behind the continuous growth of military systems. Despite the COVID-19 pandemic, the US military expenditure accounted for US$ 778 billion, as per SIPRI. However, the military forces globally restarted procuring mine detection systems from the US manufacturers, which stabilized the manufacturer’s businesses. This ultimately reflected significant growth in the market in the US in 2020. Further, Canadian market players also experienced a rise in demand for their product from mid Q3 of 2020. This reflected marginal growth in the country’s mine detection system market.
Lucrative Regions in Mine Detection System Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights – Mine Detection System Market
Rise in Procurement of Mine Detection Systems Propels Mine Detection System Market Growth
The frequency of armed conflicts between countries is increasing at an alarming rate, prompting a higher need for nation's defense forces to strengthen their security measures. A substantial portion of the budget is dedicated to procuring countermeasure technologies, including mine detection systems. These factors have influenced the procurement of mine detection systems. A few of the major contracts are as follows:
- According to the US Defense Department contract release in October 2020, the US Naval Surface Warfare Center's Panama City Division has given Arete Associates a US$ 18 million contract for supplying more COBRA Block 1 systems.
- In August 2021, the Indian Ministry of Defence (MoD) published a request for information (RFI) to lease or procure three to four mine countermeasure vessels (MMCV) for the Indian Navy from a foreign country.
Thus, the above-mentioned investments and initiatives to procure new and advanced mine detection systems across various military and naval bodies are fueling the growth of the global mine detection system market.
Deployment-Based Insights
Based on deployment, the mine detection system market is bifurcated into vehicle mounted and handheld. The handheld segment held a larger market share in 2021. Handheld devices are popular mine detection sources with a huge demand due to their low cost and high usage by homeland security. The significantly high demand for such detectors constantly drives the mine detection system market. AN/PSS-14, a handheld mine detector manufactured by L3Harris Technologies, Inc., and AN-19/2 from Scheibel Corporation are popular handheld mine detectors. Over the decades, the military forces and homeland security teams have been using these detectors. It is anticipated to drive the mine detection system market as the end users will continue to procure these detectors in the coming years.
Players operating in the mine detection system market are mainly focused on the development of advanced and efficient products.
- In 2021, Raytheon Missiles & Defense demonstrated the AN/AQS-20C sonar mine-hunting system in an exercise at Narragansett Bay in Rhode Island for the UK and other potential international customers.
- In 2020, Northrop Grumman Corporation has started to manufacture components of the AQS-24B towed mine hunting system with Marand Precision Engineering in Australia, at their Moorabbin, Victoria facility.
The mine detection system market is segmented on the basis of deployment, detection capability, and end user. Based on deployment, the market is bifurcated into vehicle mounted and handheld. In 2021, the handheld segment led the market and accounted for a larger market share. Based on detection capability, the market is bifurcated into above surface and underground. In 2021, the underground segment led the market and accounted for a larger market share. Based on end user, the mine detection system market is bifurcated into defense and homeland security. In 2021, the defense segment led the market and accounted for a larger market share. By geography, the mine detection system market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). In 2021, APAC accounted for a significant share of the global mine detection system market.
MBDA; BAE Systems; Chemring Group PLC; DCD Ltd.; Israel Aerospace Industries Ltd.;L3Harris Technologies, Inc.; Mine Kafon LAB; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Scheibel Corporation are among the major companies operating in the mine detection system market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment, Detection Capability, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
With the rising security threats and border disputes, there has been an increase in the usage of mine detection systems for instant area clearance and detection of mines. Blast mines, directional fragmentation mines, bounding fragmentation mines, omni-directional fragmentation mines, anti-vehicle mines, butterfly mines, and anti-personal mines are some of the types of landmines. Sea mines include ground (bottom), moored, and contact (floating) mines. These mines are placed to destroy submarines or surface ships. Thus, the military forces, along with border security forces and paramilitaries, are procuring technologically advanced mine detectors from various manufacturers. This factor is catalyzing the mine detection system market.
Mine countermeasures are undergoing a major transformation, owing to the evolution of disruptive technologies, from traditional mine hunting with grey ship mine hunters to unmanned autonomous vehicle utilization for the same. Unmanned and autonomous systems that operate above and below the water have steadily progressed over the previous decade, reaching degrees of maturity that are now capable of being used as a mine detector. Ensuring the safety of naval personnel and keeping them out of casualty are the most critical aspects of mine countermeasures. The use of unmanned and autonomous technologies is a huge step forward in this arena. This has influenced companies such as Thales group to offer mine detection products that can be easily integrated with autonomous vehicles. Thus, such factors are expected to contribute to the growth of the global mine detection system market over the forecast period.
Based on deployment, the mine detection system market is segmented as vehicle mounted and handheld. The demand for vehicle mounted system is increasing at a high rate because of the growing demand from defense forces. The defense forces are using UAVs, UGVs, and UUVs to locate mines on ground, underground, and underwater. Handheld devices are very common mine detection sources and has a huge demand due to low cost compared to vehicle mounted devices and high usage by homeland security.
Based on detection capability, the mine detection system market is segmented as above surface and underground. The above surface land mines are observing a decline because of advancements in landmine technologies and thus decrease in above surface land mines leads to limited scope of above surface mine detection systems. The majority of detection systems are underground mine detection because of the increase in underground mines. Also, underwater mine detection is gaining prominence because of increase in naval warfare.
North America dominated the mine detection system market in 2020 and is also expected to continue its dominance throughout the forecast period. The growth of the mine detection system market in North America is attributed to the rise in investments in mine detection technologies, owing to the increasing terrorist activities. Well-established players in the mine detection system market in North America include L3Harris Technologies, Inc.; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Lockheed Martin Corporation.
Mine casualties have been rising over the years, risking the lives of several army personnel across the globe. For instance, according to a report published by Landmine Monitor in 2021, the mine casualties increased by 20% in 2020 compared to 2019, with more than 7,000 people being killed across 54 countries. Thus, due to the rise in the number of mine casualties across the globe, government bodies started investing in alternate ways of mine detection. This has influenced the use of honeybees for mine detection. One of the benefits of bees is their ability to detect bombs. Researchers in countries like Croatia have spent years mastering how to utilize bees as landmine locators since they can pick up the fragrance of explosives with their antennae.
The List of Companies - Mine Detection System Market
- MBDA
- BAE Systems
- Chemring Group PLC
- DCD Ltd.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Mine Kafon LAB
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Schiebel Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Mine Detection System Market
Apr 2022
Apr 2022
Advanced Air Mobility Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software), Operation Mode (Piloted, Autonomous), Propulsion Type (Fully Electric, Hybrid), End Use (Passenger, Cargo)
Apr 2022
Airport Fueling Equipment Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Tanker Capacity (Below 5,000 Liters; 5,000–20,000 Liters; and Above 20,000 Liters), Aircraft Type (Civil Aircraft and Military Aircraft), and Power Source (Electric and Non-Electric)
Apr 2022
Satellite Optical Ground Station Market
Forecast to 2028 - Global Analysis by Operation (Laser Satcom and Optical Operations), Equipment (Consumer Equipment and Network Equipment), Application (Laser Operations, Debris Identification, Earth Observation, and Space Situational Awareness), and End User (Government and Military and Commercial Enterprises)
Apr 2022
Electro-Optics in Naval Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Camera, Sensor, and Laser Range Finder), Application (Target Detection, Identification, and Tracking; Surveillance; Fire Control; and Others), and End Use (Defense and Commercial)
Apr 2022
Commercial Air Traffic Management Market
Forecast to 2030 - COVID-19 Impact and Global Analysis By Type (Air Traffic Services, Air Traffic Flow Management, and Airspace Management), Component (Hardware and Software), Application (Communication, Navigation, Surveillance, Traffic Control, and Others), and Airport Class (Class I, Class II, Class III, and Class IV)