The global Mine Detection System Market size is projected to reach a CAGR of 6.8% from 2023-2030.
A mine detector is a device for locating buried or concealed mines usually by indicating the presence of metal or by giving a signal when it is passed over something different from the ground in the vicinity. Mine detection systems are employed to rid a previous battlefield of all the mines that were laid there during a war and make these safe for civilians and wildlife.
Rise in military land clearance operations, advancement in sensor technology in the defense sector, and increase in the use of traditional Anti-Tank (AT) mines are the major factors that drive the growth of the mine detection system market. Furthermore, growing demining activities in the military and rising consciousness related to the significance of demining procedure are the opportunities involved in the global mine clearance market
On the other hand, the high cost of mine & IED detection systems and declining Defense expenses are the restraints that hindered the growth of the mine detection system market.
Due to enforced lockdowns and imposed limits by different regulatory bodies as a result of the COVID-19 outbreak, numerous industries' operations have either been temporarily halted or are operating with reduced personnel. This is no different in the worldwide mine detection system market, and this aspect is expected to have a substantial negative impact on the industry's revenue growth. Additionally, the high costs associated with the installation and maintenance of this equipment is a factor that could limit the global mine detection system market's revenue growth throughout the forecast period.
The growing demand for the effective detection and removal of landmines and unexploded ordnance (UXO) from conflict-affected areas. These areas are often littered with landmines and UXO, which pose a significant threat to civilians and impede economic development. Hence, mine detection systems are significantly important in the operations of Defense, as it enables troops to safely navigate through conflict-affected areas and identify potential threats. Moreover, to avoid the impedance in economic development in the hazardous areas since these areas restrict the movement, trade possibility, and transport facility. Further, the need to protect civilians, promote economic development, support military operations, technological advances, and government regulations are all involved in the growth of the Mine Detection System Market in the next coming years.
North America to Dominate the Market
