Mine and IED Detection System Market 2018 Global Industry Key Players, Size, Share, Trends, Growth, Competitive Landscape, Opportunity Assessments and Forecast to 2023

Pune, India -- (SBWire) -- 10/31/2018 --Mine and IED Detection System Market Scenario

The mine & IED detection system is used for rapid clearance operations. Various types of mine & IED detection technologies, such as acoustic sensors, chemical sensors, electromagnetic sensors and radar technology, ground penetrating radar, and thermal detection, are used to detect landmines. Therefore, mine & IED detection system sales are expected to rise significantly during the forecast period.

The factors driving the growth of the market are rise in military land clearance operations and advancement in sensor technology in the defense sector. The detection technology can detect both IEDs and traditional Anti-Tank (AT) mines. As a result, there has been an increasing usage of mine & IED detection system. However, the high cost of mine & IED detection system and declining defense expenses are restricting their implementation.

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Key Players

The key players in the mine & IED detection system market are:

- 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)
- Chemring Group Plc (U.K)

Market Segmentation and Regional Overview

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.

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Scope of the Report

This study provides an overview of the global delivery drone market, tracking three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global delivery drone market by product, application, detection capability, equipment, and region.

Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objectives
2.2.3 Assumptions
2.2.4 Limitations
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 Power 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

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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

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