Press release
Steady Expansion Forecast for Mine Detection System Market, Projected to Reach $7.19 Billion by 2029
Mine Detection System Market
Mine Detection System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for mine detection systems has seen consistent expansion in the past few years. An increase from $5.52 billion in 2024 to $5.74 billion in 2025 is projected, representing a compound annual growth rate (CAGR) of 4.0%. This growth trend during the historical phase is a result of multiple factors including heightened mine-related casualties, an uptick in military land clearance missions, elevated defense spending, improvements in mine detection technology, and a rising level of terrorist activities.
Mine Detection System Market Size Forecast: What's the Projected Valuation by 2029?
Rapid expansion is projected for the mine detection system market in the upcoming years, with its valuation expected to rise to $7.19 billion in 2029, at a compound annual growth rate (CAGR) of 5.8%. The significant growth within this period is attributed to factors such as the rise in landmine-related casualties, increased military land clearing activities, a boost in defense budget, improvement in mine detection systems, and heightened terrorist activities. Future trends involve prioritizing the fusion of AI technology with mine detection systems, emphasis on deploying revolutionary and advanced technologies, introduction of novel products, commitment to research and development, and focus on consolidation through mergers and acquisitions.
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What Are the Drivers Transforming the Mine Detection System Market?
The escalation in military operations for land clearance is propelling the mine detection system market's expansion. Due to a surge in security risks and border conflicts, military initiatives to clear land and detect both conventional Anti-Tank (AT) mines and improvised explosive devices have seen a significant rise. For instance, as reported by the Indian government in July 2024, 17.31 lakh acres of land throughout India are owned by the armed forces. Therefore, the upswing in defense land clearance activities using mine detection technology is primarily fuelling the growth of the mine detection system market.
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What Long-Term Trends Will Define the Future of the Mine Detection System Market?
The mine detection system market is increasingly influenced by technological developments. There's a rising utilization of cutting-edge technologies like seismic acoustic sensors, optical sensors, radar technology, electromagnetic sensors, chemical sensors, and more to identify landmines and IEDs. For example, in January 2023, The Commonwealth Scientific and Industrial Research Organization, an institution for science in Australia, innovated a new technique for landmine detection. This equipment uses magnetic resonance to detect the unique molecular signatures of explosive materials in landmines, thus providing a detection method that is more precise than ordinary metal detectors. It is designed to be quicker and more dependable than traditional metal detectors, considerably enhancing the effectiveness of mine clearance procedures. The technology is being evolved into a portable, hand-held instrument for easy usage by mine clearance staff in the field.
Which Segments in the Mine Detection System Market Offer the Most Profit Potential?
The mine detection systemmarket 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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Which Firms Dominate the Mine Detection System Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Mine Detection System Market?
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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