Press release
Driving Mine Detection System Market Growth in 2025: The Role of Surge In Military Land Clearance Operations Boosts Mine Detection System Market
Mine Detection System Market
How Large Will the Mine Detection System Market Size By 2025?
The market size for mine detection systems has seen robust growth lately. The market is predicted to surge from $5.52 billion in 2024 to $5.83 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 5.6%. The historic growth rate can be credited to a rise in landmine incidents, an escalation in military land clearance efforts, elevated military spending, technological improvements in mine detection systems, and a surge in terrorism activities.
How Big Is the Mine Detection System Market Size Expected to Grow by 2029?
It is anticipated that the mine detection system market will observe substantial growth in the coming years, with projections suggesting it could reach $7.46 billion by 2029, compounded annually at a growth rate of 6.4%. The upcoming growth can be ascribed to the rise in landmine-related casualties, growing military operations for land clearance, heightened military spending, advancements in the technology of mine detection, and an upswing in terrorist activities. In the forecasted period, major trends include integrating AI technology with mine detection systems, utilizing innovative and state-of-the-art technologies, introducing groundbreaking products, concentration on research and developmental activities, and an emphasis on corporate mergers and acquisitions.
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Which Key Market Drivers Powering Mine Detection System Market Expansion and Growth?
The surge in military-related land clean-up activities is stimulating the mine detection system market's growth. Heightened security threats and territorial disagreements have given rise to an increase in military land clearance operations, with a focus on identifying improvised explosive devices and conventional Anti-Tank (AT) mines. For instance, the Indian Government reported in July 2024 that nationwide, the military possesses 17.31 lakh acres of land. Consequently, the escalating land clearance missions aiming to defend mine detection technology are propelling the mine detection system market.
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Which Fast-Growing Trends Are Poised to Disrupt the Mine Detection System Market?
Advancements in technology are steadily becoming a prominent trend in the mine detection system sector. Numerous cutting-edge technologies like seismic acoustic sensors, optical sensors, radar technology, electromagnetic sensors, chemical sensors, etc., are employed for discovering landmines and IEDs. For example, The Commonwealth Scientific and Industrial Research Organization, a science agency based in Australia, in January 2023, introduced innovative landmine detection technology. This tool uses magnetic resonance to detect the molecular imprints of the explosives in landmines, delivering a more precise detection process than the conventional metal detectors. The technology is quicker and more dependable than traditional methods, immensely heightening the effectiveness of mine clearance operations. The technology is currently being fashioned into a transportable, handheld device for effortless use by demining teams on the ground.
What Are the Emerging Segments in the Mine Detection System Market?
The mine detection system market covered in this report is segmented -
1) By Deployment: Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
2) By Application: Defence, Homeland Security
3) By Technology: Radar Based, Laser Based, Sonar Based
4) By Detection Capability: Above Surface, Underground
Subsegments:
1) By Vehicle Mounted: Wheeled Vehicle Mounted Systems, Tracked Vehicle Mounted Systems, All-Terrain Vehicle Mounted Systems
2) By Ship Mounted: Naval Vessel Mounted Systems, Support Vessel Mounted Systems, Autonomous Surface Vessel Mounted Systems
3) By Airborne Mounted: Helicopter Mounted Systems, Drone Mounted Systems, Fixed-Wing Aircraft Mounted Systems
4) By Handheld: Ground Penetrating Radar (GPR) Handheld Systems, Metal Detector Handheld Systems, Multi-Sensor Handheld Systems
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Who Are the Global Leaders in the Mine Detection System Market?
Major companies operating in the mine detection system market include BAE Systems, Raytheon Technologies, Northrop Grumman Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Elbit Systems Ltd., Thales Group, Leonardo S.p.A., L3Harris Technologies, Inc., Saab AB, Israel Aerospace Industries Ltd., Smiths Group plc, Chemring Group PLC, MBDA Holdings SAS, Rheinmetall AG, FLIR Systems, Inc., Kongsberg Gruppen, DCD Protected Mobility, ECA Group, Cobham plc, Schiebel Corporation, Harris Corporation, RAFAEL Advanced Defense Systems Ltd., FNSS Defense Systems, Hitachi Zosen Corporation, Valon Technology, Pearson Engineering Ltd., RFA Corporation, Aardvark Clear Mine Ltd., Scanna MSC Ltd.
Which are the Top Profitable Regional Markets for the Mine Detection System Industry?
North America was the largest region in the mine detection system market in 2024. The regions covered in the mine detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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