Latest Mine Detection System Market Trend, Business Opportunities and Industry Forecast 2028


According to the new research report published by Premium Market Insights, titled “ The market for mine detection systems  was valued at 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.

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With increasing security threats and border disputes, there has been an increase in the use of mine detection systems for instant area clearance and mine detection, which is driving the market for mine detection systems. Blast mines, directional fragmentation mines, boundary fragmentation mines, omnidirectional fragmentation mines, antivehicle mines, butterfly mines, and antipersonnel mines are some types of landmines. Sea mines include land (bottom), moored, and contact (floating) mines. These mines are placed to destroy submarines or surface ships. Therefore, the military forces, border security forces and paramilitaries are acquiring technologically advanced mine detectors from various manufacturers. Homeland Security is one of the key end users of mine detection systems. Increased demand from emerging economies for the acquisition of mine detection systems is driving the growth of the market for mine detection systems. Countries like Afghanistan, the United States, Iran and India face immense threats from mines and are adopting various methods to lessen these threats. For example, in November 2021, the Border Security Forces (BSF) in Odisha, India, recovered IEDs planted in a road pavement under construction using a portable mine detector. Therefore,

The growth of the North American mine detection systems market is attributed to increased investments in mine detection technologies due to increased terrorist activities. Key players in the North American mine detection systems market include L3Harris Technologies, Inc.; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Lockheed Martin Corporation. Europe had the second largest share of the world market for mine detection systems. Factors such as an increase in border disputes and security threats are driving the growth of the market for mine detection systems in Europe. In July 2021, the European Commission selected the consortium led by Naval Group Belgium for the Mine Risk Clearance for Europe (MIRICLE) project. BAE Systems MBDA and Scheibel Corporation are among the largest companies operating in the mine detection systems market in Europe. Furthermore, the APAC mine detection system market is anticipated to grow at the highest CAGR during the forecast period. APAC countries are adopting various strategies to reduce the threat from all types of mines. For example, in October 2021, the South Korean Defense Acquisition Program Administration (DAPA) announced that it had awarded Hanwha Systems a contract to produce a series of new portable mine detection systems capable of finding metal mines and not metallic. Similarly, in 2019, Japanese defense equipment manufacturer IHI Corporation introduced an autonomous underwater mine detection system. Various strategies are also adopted by various manufacturers and end users across the region. These factors are continuously driving the growth of the mine detection systems market in the region.

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The outbreak of COVID-19 among armed forces personnel across Europe had a substantial impact on military capabilities. The armed forces are a critical component of the national response to crises in all European countries. Initially, general military support, such as assistance with command and control, repatriation of citizens, logistics, disinfection of public spaces, and support for police and internal security in some countries, is creating significant demand for systems. mine detection. However, the requirement for advanced combat or security-related technologies for military operations has been high among defense forces and national security forces in European countries in FY2020. Furthermore, Some European countries are disclosing their plans for the acquisition and investments in defense technologies in their respective armed forces, which is also expected to help in the growth of the mine detection systems market during the forecast period. For example, Sweden launched a tender in 2020 to purchase mine detectors for the Swedish Armed Forces.

The market for mine detection systems is segmented based on implementation, detection capability, and end user. Based on the deployment, the market is bifurcated into vehicle mounted and portable. In 2021, the wearable device segment led the market and accounted for the largest market share. Based on detection ability, the market is bifurcated into surface and underground. In 2021, the underground segment led the market and accounted for the largest market share. Based on the end user, the market for mine detection systems is bifurcated into defense and homeland security. In 2021, the defense segment led the market and accounted for the largest market share. By geography, the market for mine detection systems is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South and Central America (SAM). In 2021, APAC represented a significant part of the global market for mine detection systems.

MBDA; BAE Systems; Chemring Group PLC; DCD Ltd.; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Kafon LAB Mine; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Scheibel Corporation are among the major players operating in the global market for mine detection systems.

The overall size of the global mine detection systems market has been derived using primary and secondary sources. To begin the research process, a thorough secondary research has been carried out using internal and external sources to obtain qualitative and quantitative information related to the mine detection systems market. The process also serves to gain an overview and forecast for the Mine Detection Systems Market with respect to all market segments. Additionally, multiple primary interviews with industry participants have been conducted to validate the data and gain further analytical insights on the topic. Participants in this process include industry experts such as vice presidents, business development managers,

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