Mine Detection System Market Soars: A USD 6.9 Billion Skyline by 2026


Posted May 29, 2024 by sangamswami

Mine Detection System Market by Application (Defence and Homeland Security), Deployment (Vehicle Mounted, Ship Mounted, Airborne Mounted and Handheld), Technology, Upgradation (OEMs and MROs), and Region (2021-2026)
 
The global Mine Detection System Market is anticipated to grow from an estimated USD 5.2 billion in 2021 to USD 6.9 billion by 2026, achieving a compound annual growth rate (CAGR) of 6.2% during this period. This growth is driven by the integration of advanced technologies in military equipment, the increasing use of UAV systems, and the rising need for ground surveillance and communication jamming.

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Key Market Players

Raytheon Technologies Corporation (US):
Raytheon specializes in aerospace and defense technology, offering advanced detection solutions like the GroundEye system and AN/AQS-20.
These systems are capable of real-time detection of concealed threats and can be integrated with military vehicles.
L3Harris Technologies, Inc. (US):
L3Harris is a leading manufacturer of maritime vessels and ground vehicles, providing defense solutions for NATO forces and the US Department of Homeland Security.
The company operates through segments including Integrated Mission Systems and Space and Airborne Systems, offering products for land, naval, and air applications.
BAE Systems Plc. (UK):
BAE Systems is a major player in aerospace, defense, and security sectors, with business segments like Electronic Systems and Maritime.
The company focuses on innovation to enhance product features and provide cost-effective, operationally ready solutions.
Lockheed Martin Corporation (US):
Lockheed Martin is a global security and aerospace company offering a wide range of mine detection systems.
The company emphasizes the development of advanced components and innovative solutions to meet customer needs.
Israel Aerospace Industries Ltd. (Israel):
Israel Aerospace Industries is known for its cutting-edge defense technologies and extensive R&D capabilities.
The company provides advanced mine detection systems tailored for various military applications.
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Issued By Sangam
Business Address Pune
Country India
Categories Aerospace , Defense
Tags mine detection system market , mine detection system market size , mine detection system market share , mine detection system market trends , mine detection system market growth , mine detection system market forecast , mine detection system , mine detection system industry
Last Updated May 29, 2024