Mine & IED Detection System Market Report Information by Deployment (Vehicle Mounted, Hand Held, Biological Based), Application (Defense, Homeland Security), Detection Capability, Equipment (Sensor Based, Radar Based, Laser Based)— Forecast till 2023
Market Scenario
The mine & IED detection system market is expected to grow at a significant pace during the forecast period due to military land clearance operations and advancement in sensor technology in the defense sector. With the rise in security threats and border disputes, there has been increased usage of mine & IED detection system for rapid area clearance and detecting both Improvised Explosive Devices (IEDs) and traditional Anti-Tank (AT) mines. A variety of technologies is used to detect landmines and IEDs, including acoustic sensors, animals and biological detection systems, chemical sensors, electromagnetic sensors, and hyperspectral sensor analysis, radar technology, ground penetrating radar, lidar and electro-optical sensors, magnetic signatures, nuclear sensors, optical sensors, seismic acoustic sensors, and thermal detection. As a result, it is estimated that by the end of the forecast period, usage of mine & IED detection system will rise significantly.
Meanwhile, in 2013, BAE Systems signed a contract with the U.S. Navy to provide critical mine detection sensor prototype, . However, high cost and declining defense expenses are restricting the usage of mine & IED detection system.
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The global mine & IED detection system market is segmented into deployment, application, detection capability, equipment, and region. On the basis of deployment, the market has been segmented into vehicle mounted, hand held, and biological based. Since the vehicle mounted detection system is much suited for high-threat search operation, the segment is expected to grow at the highest rate during the forecast period. For instance, in 2012, NIITEK signed a contract with the Australian Army to provide Husky Mounted Detection Systems (HMDS).
By application, the market has been segmented into defense and homeland security. The defense sector in different countries is the major end-user of different types of mine and IED detection equipment and devices as they continuously face threats of IED blasts during cross-country operations.
By detection capability, the market has been segmented into above surface detection system and underground mine & IED detection system. The above surface detection system segment is expected to grow at the highest rate during the forecast period, as there has been a high adoption rate of this technology in mine detection. For instance, in 2016, the U.S. army signed a contract with Israel Aerospace Industries (IAI) to provide a vehicle mounted integrated suite of sensors and above surface detection system technology to detect mines and IEDs. Such developments would further fuel the market growth.
By equipment, the market has been segmented into sensor based, radar based, laser based, and others. The laser based segment of the market is expected to grow at the highest rate during the forecast period.
In terms of region, the market in North America is expected to witness the highest growth during the forecast period. The continuous demand for mine and IED detection system and equipment by the U.S. military to tackle conflicts in the Middle East and Asia-Pacific is the major reason for the high growth of this market. Similarly, in Asia-Pacific, the increased investments in the development of mine and IED detection equipment and devices are expected to contribute to the growth of the regional market. Therefore, the global mine & IED detection system market is estimated to witness a CAGR of approximately 4% during the forecast period from 2018 to 2023.
Key Players
The key players in the mine & IED detection system market BAE Systems Plc (U.K), Israel Aerospace Industries (Israel), Raytheon (U.S.), Northrop Grumman Corporation (U.S.), L-3 Communications Holdings Inc. (U.S.), Harris Corporation (U.S.), General Dynamics Corporation (U.S.), Schiebel Gmbh (Vienna), DCD Group (South Africa), and Chemring Group Plc (U.K).
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Avail of the in-intensity desk of content material and market synopsis on “Mine Clearance System Market Research Report - Global Forecast as much as 2026.” The Global “Mine Clearance System Market” studies file demonstrates the short-growing situations of the worldwide market.
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Mine clearance structures have observed big packages throughout the globe thanks to the big worries concerning the explosives and landmines ROW, that gift threats to the atmosphere and human lives.
ROW poses big threats to civilian lives when you consider that they may be by the way observed on footpaths, roads, agricultural fields, deserts, forests, regions surrounding houses, and schools, frequently along country-wide and global borders in locations humans wearing out their everyday activities.
These kinds of equipment are ready with dependable safety towards the detonation of explosives and locate big makes use of to lessen the lack of human lives in disarming the ability threats.
