Mine Countermeasures Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Mine Countermeasures Market covers analysis by Mine Type (Land Mines and Sea Mines); Countermeasure Technique (Manual and Automated); Application (Identifying & Sensing and Disposing & Destroying), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPAD00002397
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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Mine countermeasures are specially designed devices and systems that facilitate detecting and subsequently take corrective measures to counteract threats to commercial and military vessels. Mine countermeasures work on the principle of sonar system which is capable of detecting and navigating through the target. Mine countermeasures play a vital role in keeping the naval vessel and army vehicles safe by finding and detonating the mines.

Mine countermeasures market is experiencing a high demand for more efficient systems due to increases in transportation through ships. Government and other defense bodies are investing significantly in the development of new technologies to counter threats from enemies. Increased transportation through ships, rules and regulations regarding national safety and development of new technologies are the major factors expected to drive mine countermeasures market. However, the high cost of deployment and difficult operation are the major restraining factors. The global mine countermeasure market is expected to grow significantly in the forecast period.

The "Global Mine Countermeasures Market Analysis to 2028" is a specialized and in-depth study of mine countermeasures s industry with a focus on the global market trend. The report aims to provide an overview of the global mine countermeasures market with detailed market segmentation by mine type, countermeasure technique, application and geography. The global mine countermeasures market is expected to witness steady growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the mine countermeasures market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mine countermeasures market based on mine type, countermeasure technique and application. It also provides market size and forecast till 2028 for overall Mine countermeasures market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments.

The report covers the analysis and forecast of 16 counties globally along with the current trend and opportunities prevailing in the region. Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive Poter's five forces analysis.

Also, key Mine countermeasures market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information for the last 3 years, key development in the past five years. Some of the key players influencing the market are Asv Global, ECA Group, Hydro Group plc, Fr. Lurssen Werft GmbH & Co. KG, Armada International, Harris Corporation, Heinen & Hopman, General Dynamics Corporation and Thales Group among others.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Table of Contents

1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 MINE COUNTERMEASURE MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Mine Countermeasure Market - By Mine Type
3.2.2 Mine Countermeasure Market - By Countermeasure Technique
3.2.3 Mine Countermeasure Market - By Application
3.2.4 Mine Countermeasure Market - By Region
3.2.4.1 By Countries
3.3 PORTER'S FIVE FORCES
3.3.1 Bargaining Power of Buyers
3.3.2 Bargaining Power of Suppliers
3.3.3 Threats to Substitutes
3.3.4 Threats to New Entrants
3.3.5 Competitive Rivalry / Degree of Competition
4 MINE COUNTERMEASURE MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 MINE COUNTERMEASURE MARKET - GLOBAL MARKET ANALYSIS
5.1 MINE COUNTERMEASURE - GLOBAL MARKET OVERVIEW
5.2 MINE COUNTERMEASURE - GLOBAL MARKET AND FORECAST TO 2025
6 MINE COUNTERMEASURE MARKET REVENUE AND FORECASTS TO 2028 - MINE TYPE
6.1 OVERVIEW
6.2 MINE TYPE MARKET FORECASTS AND ANALYSIS
6.3 LAND MINES MARKET
6.3.1 Overview
6.3.2 Land mines market forecast and analysis
6.4 SEA MINES MARKET
6.4.1 Overview
6.4.2 Sea mines market forecast and analysis
7 MINE COUNTERMEASURE MARKET REVENUE AND FORECASTS TO 2028 - COUNTERMEASURE TECHNIQUE
7.1 OVERVIEW
7.2 EQUIPMENT MARKET FORECASTS AND ANALYSIS
7.3 MANUAL MARKET
7.3.1 Overview
7.3.2 Manual market forecast and analysis
7.4 AUTOMATED MARKET
7.4.1 Overview
7.4.2 Automated market forecast and analysis
8 MINE COUNTERMEASURE MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1 OVERVIEW
8.2 APPROACH MARKET FORECASTS AND ANALYSIS
8.3 IDENTIFFYING & SENSING MARKET
8.3.1 Overview
8.3.2 Identifying & Sensing market forecast and analysis
8.4 DISPOSING & DESTROYING MARKET
8.4.1 Overview
8.4.2 Disposing & Destroying market forecast and analysis

9 MINE COUNTERMEASURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA
9.1.1 North America Mine Countermeasure Market Overview
9.1.2 North America Mine Countermeasure Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Countries
9.1.3.1 US market
9.1.3.2 Canada market
9.1.3.3 Mexico market
9.1.4 North America Market Forecasts and Analysis - By Mine Type
9.1.5 North America Market Forecasts and Analysis - By Countermeasure Technique
9.1.6 North America Market Forecasts and Analysis - By Application

9.2 EUROPE
9.2.1 Europe Mine Countermeasure Market Overview
9.2.2 Europe Mine Countermeasure Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Countries
9.2.3.1 France market
9.2.3.2 Germany market
9.2.3.3 Italy market
9.2.3.4 Spain market
9.2.3.5 UK market
9.2.4 Europe Market Forecasts and Analysis - By Mine Type
9.2.5 Europe Market Forecasts and Analysis - By Countermeasure Technique
9.2.6 Europe Market Forecasts and Analysis - By Application
9.3 ASIA PACIFIC (APAC)
9.3.1 Asia Pacific Mine Countermeasure Market Overview
9.3.2 Asia Pacific Mine Countermeasure Market Forecasts and Analysis
9.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
9.3.3.1 Australia market
9.3.3.2 China market
9.3.3.3 India market
9.3.3.4 Japan market
9.3.4 Asia Pacific Market Forecasts and Analysis - By Mine Type
9.3.5 Asia Pacific Market Forecasts and Analysis - By Countermeasure Technique
9.3.6 Asia Pacific Market Forecasts and Analysis - By Application

9.4 MIDDLE EAST AND AFRICA (MEA)
9.4.1 Middle East and Africa Mine Countermeasure Market Overview
9.4.2 Middle East and Africa Mine Countermeasure Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.3.1 South Africa market
9.4.3.2 Saudi Arabia market
9.4.3.3 UAE market
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Mine Type
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Countermeasure Technique
9.4.6 Middle East and Africa Market Forecasts and Analysis - By Application
9.5 SOUTH AMERICA (SAM)
9.5.1 South America Mine Countermeasure Market Overview
9.5.2 South America Mine Countermeasure Market Forecasts and Analysis
9.5.3 South America Market Forecasts and Analysis - By Countries
9.5.3.1 Brazil market
9.5.3.2 Rest of SAM market
9.5.4 South America Market Forecasts and Analysis - By Mine Type
9.5.5 South America Market Forecasts and Analysis - By Countermeasure Technique
9.5.6 South America Market Forecasts and Analysis - By Application

10 INDUSTRY LANDSCAPE
10.1 MERGERS & ACQUISITIONS
10.2 MARKET INITIATIVES
10.3 NEW DEVELOPMENTS
10.4 INVESTMENT SCENARIOS
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE INDUSTRY MAPPING
11.2 MARKET POSITIONING/ MARKET SHARE
12 MINE COUNTERMEASURE MARKET, KEY COMPANY PROFILES
12.1 ASV GLOBAL
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 ECA GROUP
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 HYDRO GROUP PLC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 FR. LURSSEN WERFT GMBH & CO. KG.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 SAAB AB
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 ARMADA INTERNATIONAL.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 HARRIS CORPORATION
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 HEINEN & HOPMAN
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 GENERAL DYNAMICS CORPORATION
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 THALES GROUP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments

13 APPENDIX
13.1 ABOUT THE INSIGHT PARTNERS
13.2 GLOSSARY OF TERMS
13.3 RESEARCH METHODOLOGY
The List of Companies

1. ASV Global
2. ECA Group
3. Hydro Group Plc.
4. Fr. Lurssen Werft GmbH & Co. KG
5. Saab AB
6. Armada International
7. Harris Corporation
8. Heinen & Hopman
9. General Dynamics Corporation
10. Thales Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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