Mine Counter Measures Market: 2019 Global Analysis by Region, Approach and Major Industry Research Based on Key Players Like Global, Eca Group, Hydro Group, Fr. Lürssen Werft GmbH & Co. KG, Public.Navy.mil, Armada International

Mine Counter-Measures Market Research Report Information by Type (Land Mines and Sea Mines), Equipment (Manned and Unmanned), Approach (Sweeping and Hunting), and Region - Forecast till 2023 - Mine sweeping segment is estimated to register a high CAGR during the forecast period due to continuous development and emergence of humanitarian and non-governmental organizations as end-users of mine counter measures equipment.

Mine Countermeasures Market is estimated to witness a CAGR of 10% by 2023

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/6201

Top Industry Players:
The prominent players in the global mine countermeasures market include ASV Global (U.K), Eca Group (France), Hydro Group plc. (U.K), Fr. Lürssen Werft GmbH & Co. KG (Germany). Public.Navy.mil (U.S.), Armada International (Thailand), Harris Corporation (U.S.), HEINEN & HOPMAN (Netherland), and General Dynamics Corporation (U.S.) are other players.

Mine Counter Measures Market Overview:
Mine countermeasures are used to detect and counteract threats to military and commercial vessels. It works on a principle of sonar and acoustic systems, which navigate, detect, and classify targets. Mine countermeasures are primarily used in finding and safely detonating naval mines to keep naval vessels safe. Government and defense bodies of different regions are developing technologies to counter mine threats from enemies, which fuel the growth of the global mine countermeasures market.

Increase in the number of transportation through ships and government mandated regulations regarding a nation’s safety will drive the growth of the market, throughout the forecast period. Increasing demand for advanced technologies to counter mines will influence the growth and create opportunities for the new entrants. However, the clearance process for some mines is complicated, as a result, advanced features and technologies are used. Due to usage of advanced technologies, the mines removal process gets costly and it will hamper the market growth. Furthermore, heavy equipment parts are difficult to handle during the operation.

Several contracts supported the growth of the market. For instance, in 2012, Thales Group signed a contract with Autonomous Surface Vehicles Ltd (ASV Ltd) to develop a re-configurable Unmanned Surface Vehicle (USV) to meet the challenges of future off-board Mine Countermeasures (MCM) operations.

In 2018, General Dynamics Corporation tested the U.S. Navy’s Surface MCM Unmanned Undersea Vehicle (UUV) system. In 2015, Harris Corporation signed a contract with IDIQ to support the U.S. Navy’s maritime mine countermeasure efforts. The global mine countermeasures market has seen a remarkable growth during the forecast period and projected to witness a CAGR of 10%.

The scope of the Report:
This study provides an overview of the Global Mine Countermeasures Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America.

The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Mine Countermeasures by its technology, type, application, size, deployment, and region.

By Type
• Land Mines
• Sea Mines

By Equipment
• Manned
• Unmanned

By Approach
• Sweeping
• Hunting

By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Access Full Report @ https://www.marketresearchfuture.com/reports/mine-counter-measures-market-6201

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.