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Mine Detection System Market 2022 : Trends, Business Growth And Major Driving Factors | BAE Systems Plc, Northrop Grumman Corporation, L3Harris Technologies, General Dynamics Corporation, Raytheon Technologies Corporation
Mine Detection System Market
According to The Business Research Company's Mine Detection System market report, the mine detection system market size reached a value of nearly $4,609.8 million in 2021, having grown at a compound annual growth rate (CAGR) of 2.0% since 2016. The market is expected to grow from $4,609.8 million in 2021 to $6,242.2 million in 2026 at a rate of 6.3%. The global mine detection system market size is then expected to grow at a CAGR of 6.4% from 2026 and reach $8,511.7 million in 2031.
The use of unmanned and autonomous technologies is expected to drive the mine detection system market. This is influencing companies to develop advanced mine detection systems that can be easily integrated with autonomous vehicles. For instance, in May 2021, the US Navy launched the Littoral Combat Ship Mission Modules (LCS MM) Program, comprising 48 unmanned surface vehicles (USV) procured for both Unmanned Mine Sweeping (UMS) and Remote Mine hunting (RMH) modules to perform mine-hunting missions.
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The Mine Detection System market is segmented -
• By Deployment : Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
• By Technology : Radar-Based, Laser-Based, Sonar-Based
• By Application : Defense, Homeland Security
• By Detection Capability : Underground, Above Surface
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Mine Detection System market.
Major competitors in the Mine Detection System market include BAE Systems Plc, Northrop Grumman Corporation, L3Harris Technologies, General Dynamics Corporation, Raytheon Technologies Corporation
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The mine detection system market consists of sales of mine detection systems by entities (organizations, sole traders, and partnerships) that are used for locating buried or concealed mines. Mine detection is the process of locating, detecting, and providing more information about mines. These are used to detect both metallic and non-metallic buried mines and improvised explosive devices (IED). The military troops and homeland security teams rely on these detectors to explore inaccessible or dangerous areas from a safe distance.
The Table Of Content For The Mine Detection System Market Include:
1. Mine Detection System Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
20. Key Mergers And Acquisitions In The Mine Detection System Global Market
21. Global Mine Detection System Opportunities And Strategies
22. Mine Detection System Market Conclusions And Recommendations
23. Appendix
24. Copyright and Disclaimer
The Business Research Company's "Global Mine Detection System Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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