The Market for Mine Detection System Market Globally Offers Attractive Opportunities
Market for Mine Detection Systems is predicted to grow by $6.9 billion globally by 2026
Chicago, Jan. 13, 2023 (GLOBE NEWSWIRE) — Mine Detection System Market “By Application (Defence and Homeland Security), Ship Mounted (Vehicle Mounted), Airborne Mounted and Handheld), Technology Upgradation (OEMs and MOs), and Region (2021-2026).Due to the growing demand for Mine Detection system and new technologies, it is seeing significant growth. The shift to multilayered defense systems is being driven by technological advances and the integration of electronics into military equipment. This market will be a major driver during the forecast period. The market for Mine Detection Systems is also influenced by the increased use of UAVs and the necessity for ground surveillance and communication jamming.
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The Report focuses on the Market Scope for Mine Detection Systems
Report Metric |
More Details |
Growth Rate |
6.2% |
For years, market size is available |
2018–2026 |
Base year taken into consideration |
2020 |
Forecast period |
2021-2026 |
Forecast units |
Value (USD million) |
Segments covered |
By Deployment or Upgrade, by Application, or By Technology |
Geographical coverage |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Companies covered |
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“Browse in-depth TOC on ” Mine Detection System Industry“
190 – Tables
68 – Figures
216 – Pages
Raytheon technology American conglomerate that includes multinational defense and aerospace service providers. It develops, produces and researches technology products for aerospace and defense. The company’s business segments include Collins Aerospace, Pratt Whitney, Raytheon Intelligence and Space, and Raytheon Missiles & Defense. Raytheon Company provides solutions to enhance detection of buried threats. GroundEye is offered by the company, while AN/AQS-20 can be used to detect concealed threats in real-time. This technology is compatible with military vehicles.
L3Harris Technologies, Inc. One of the most prominent manufacturers and suppliers for maritime vessels and ground vehicles. The company has four segments: Integrated Mission Systems (Space and Airborne Systems), Communication Systems (Communications Systems) and Aviation System (Aviation System). L3 Technologies, Inc., has a large presence around the world and is one of the largest defense solution providers for the NATO forces as well as the US Department of Homeland Security. The company offers products for all three industry verticals such as Land, Naval & Air
BAE Systems It is a key player in the global aerospace, defense and security sector. The company operates through five business segments, namely, Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The company’s focus is on the enhancement of its products with innovative features that make them stand out from their competition. It provides cost-effective and well-executed solutions that are operationally ready. The company also develops innovative components to enhance customer value.
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This study categorizes market for mine detection system based on region, platform, capability, product and operation.
By deployment
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Vehicle Mounted
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Ship Mounted
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Airborne Mounted
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Handheld
By Application
Technology
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Radar Based
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Laser-based
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Sonar Based
Upgrade
Recent Developments
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General Dynamics Mission Systems Inc., Quincy, Massachusetts was awarded a contract by the US Navy in May 2021 for five Surface Mine Countermeasure Unmanned Undersea Vehicle Systems to be converted to Block I configuration. Also, engineering support services were provided.
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Germany’s Rheinmetall won a contract with the British Armed Forces to provide mission masters in May 2021. To study future capabilities, the British military will acquire four additional Mission Masters, including a fire support module. It can be used for logistics and security as well as casualty evacuation and CBRN detection. You can also use the Mission Master as a mobile radio relay station.
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Raytheon Technologies received a contract from the US Navy in April 2021 for the upgrade of certain AQS-20A towedsonars to AQS-20C. The Naval Sea Systems Command granted Raytheon a fixed-price firm contract to convert 10 vintage AQS-20A mining sonars to the AN/AQS-20C configuration. This included engineering, design and development, manufacturing, integration and testing.
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