Mine and IED Detection System Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Deployment (Vehicle Mounted, Hand Held, Biological Based), Application (Defense, Homeland Security), Detection Capability, Equipment (Sensor Based, Radar Based, Laser Based)— Forecast till 2023
Pune , India – January 8, 2019 —
Advancement in Sensor Technology to Augment the Global Mine & IED Detection System Market: Forecast (2018-2023)
The global mine & IED detection system market is predicted to register 4% CAGR during the forecast period (2018-2023) owing to the advancement in sensor technology in the defense sector, asserts Market Research Future (MRFR). Mine & IED detection system is usually used for rapid clearance operations. Chemical sensors, acoustic sensors, ground penetrating radar, electromagnetic sensors and radar technology, and thermal detection are some of the types of mine & IED detection technologies used to detect landmines.
November 13, 2018: Three new Nato scientific technologies which were designed to clear and detect improvised explosive devices (IEDs) has been successfully tested in Florence. The three technologies Comprise a lightweight mine detector, a semi-autonomous robot for mines and IED detection, and a handheld detector for dirty bombs.
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The prominent players operating the global mine & IED detection system market are –
• Chemring Group Plc (U.K)
• Raytheon (U.S.)
• BAE Systems Plc (U.K)
• Harris Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Schiebel Gmbh (Vienna)
• General Dynamics Corporation (U.S.)
• Israel Aerospace Industries (Israel)
• DCD Group (South Africa)
• L-3 Communications Holdings Inc. (U.S.)
Drivers and Constraints Impacting the Market
The global mine & IED detection system market is estimated to showcase a healthy growth rate owing to several driving factors. With advancement in the sensor technology in the defense sector coupled with the rise in military land clearance operations, the global mine & IED detection system market is considered to flourish during the assessment period. As the detection technology can detect both traditional Anti-Tank (AT) mines and IEDs, there has been an increasing usage of mine & IED detection system across the world. Moreover, with the increasing security threats along with border disputes, the usage of mine & IED detection system has increased for rapid area clearance. This is further estimated to contribute to the market growth during the appraisal period.
On the flip side, the high cost of mine & IED detection system coupled with the declining defense expenses are some of the major concerns restricting their implementation during the assessment period.
Global Mine & IED Detection System Market: Segmental Analysis
The global mine & IED detection system market has been segmented on the basis of application, deployment, equipment, detection capability, and region.
By mode of deployment, the global mine & IED detection system market has been segmented into hand held, vehicle mounted, and biological based. Among these, the vehicle mounted segment is considered to expand at the highest growth rate during the appraisal period as they are much suited for high-threat search operation.
By mode of application, the global mine & IED detection system market has been segmented into homeland security and defense. Among these, the defense sector is considered to be the major application of different types of mine & IED detection equipment in different countries as they continuously face threats of IED blasts during cross-country operations.
By mode of detection capability, the global mine & IED detection system market has been segmented into underground mine & IED detection system and above surface detection system. Among these, the above surface detection system segment is predicted to expand at the highest rate as there has been a high adoption rate of this technology in mine detection.
By mode of equipment, the global mine & IED detection system market has been segmented into radar based, sensor based, laser based, and others. Among these, the laser-based segment is anticipated to expand at the highest rate during the appraisal period.
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Geographically, the mine & IED detection system market span across regions namely, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Among all the regions, the North American region is considered to witness the highest growth rate during the appraisal period. The growth is attributed to the continuous demand for mine and IED detection system and equipment by the U.S. military in order to tackle conflicts in the Asia-Pacific and Middle East region. Moreover, the increasing adoption of mine & IED detection equipment in the U.S. and Canada are considered to influence the market to a great extent.
The Asia-Pacific region is considered to register a significant growth rate owing to the rising investments in the development of mine and IED detection equipment and devices.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objectives
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining ower Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List Of Tables
Table 1 Mine & IED Detection System Market, By Region, 2018–2023
Table 2 North America: Mine & IED Detection System Market, By Country, 2018–2023
Table 3 Europe: Mine & IED Detection System Market, By Country, 2018–2023
Table 4 Asia-Pacific: Mine & IED Detection System Market, By Country, 2018–2023
Table 5 Middle East & Africa: Mine & IED Detection System Market, By Country, 2018–2023
Table 6 Latin America: Mine & IED Detection System Market, By Country, 2018–2023
Table 7 Mine & IED Detection System Market, By Deployment, 2018–2023
Table 8 North America: Mine & IED Detection System Market, By Deployment, 2018–2023
Table 9 Europe: Mine & IED Detection System Market, By Deployment, 2018–2023
Table 10 Asia-Pacific: Mine & IED Detection System Market, By Deployment, 2018–2023
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Name: Abhishek Sawant
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Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
This news is published on Reuters.