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Global Mine Detection System Market, Advertising Trends, Market Analysis, Insight, Scope And Insights by 2032 | Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, BAE Systems, L3Harris Technologies
Mine Detection System Market
As per the Mine Detection System market report by The Business Research Company, The rise in military land clearance operations is contributing to the growth of the mine detection system market. With increasing security threats and border disputes, there has been a rise in military land clearance operations and detecting improvised explosive devices and traditional Anti-Tank (AT) mines.
The global mine detection system market size grew from $4.97 billion in 2022 to $5.32 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The mine detection system market size is expected to grow to $6.86 billion in 2027 at a CAGR of 6.6%.
Read More On The Mine Detection System Market Report Here:
https://www.thebusinessresearchcompany.com/report/mine-detection-system-global-market-report
Major competitors in the Mine Detection System Market Include Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, BAE Systems, L3Harris Technologies, DCD Group Ltd., Lockheed Martin Corporation, Thales Group, Elbit Systems Ltd., General Dynamics Corporation, Schiebel Gmbh, and Chemring Group PLC.
The Mine Detection System Market Is Segmented -
• By Deployment: Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
• By Application: Defence, Homeland Security
• By Technology: Radar Based, Laser Based, Sonar Based
• By Detection Capability: Above Surface, Underground. North America was the largest region in the mine detection system market in 2022.
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Mine detection is the process of locating, detecting, and providing more information about different types of mines. The mine detection system is used for locating buried or concealed mines.
By deployment, types of mine detection systems include vehicle-mounted, ship mounted, airborne mounted, and handheld. The vehicle-mounted mine detection systems are used to detect landmines and improvised explosive devices (IEDs) with high PD (probability of detection) and low FAR (false alarm rate).
The Table Of Content For The Mine Detection System Market Include:
1. Executive Summary
2. Mine Detection System Market Characteristics
3. Mine Detection System Market Trends And Strategies
4. Mine Detection System Market - Macro Economic Scenario
5. Mine Detection System Market Size And Growth
……
26. Africa Mine Detection System Market
27. Mine Detection System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mine Detection System Market
29. Mine Detection System Market Future Outlook and Potential Analysis
30. Appendix
The "Global Mine Detection System Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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