Asia Pacific Mine Detection System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (Vehicle Mounted and Handheld), Detection Capability (Above Surface and Underground), and End User (Defense and Homeland Security)

The Asia Pacific mine detection system market is expected to reach US$ 1703.56 million by 2028 from US$ 889.86 million in 2021. The market is estimated to grow at a CAGR of 9.7% from 2021–2028.

In the past years, market players have experienced major developments in mine detection systems to offer new and advanced systems to end users, including defense forces, paramilitary forces, and border security forces. This increase in investment in new product development is attributed to the rising demand for advanced mine detection systems among military and naval forces across the region. The key players operating in the Asia Pacific mine detection system market are BAE Systems; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Northrop Grumman Corporation; and Raytheon Technologies Corporation. Further, major developments were registered in the Asia Pacific mine detection system market. For instance, in February 2021, Pearson Engineering launched its air-scatterable and surface-placed mine clearance systems. The products consist of a machine learning-based mine detection and avoidance system and an emergency deployed self-extraction mine clearance instrument. Thus, such high investments by market players in the development of mine detection systems to ensure enhanced efficiency for detecting metallic and non-metallic mines are driving the Asia Pacific mine detection system market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific mine detection system market growth at a notable CAGR during the forecast period.

Asia Pacific Mine Detection System Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Mine Detection System Market Segmentation         

The Asia Pacific mine detection system market is segmented into deployment, detection capability and end user. Based on deployment, the market is bifurcated into vehicle mounted and handheld. Based on detection capability, the Asia Pacific mine detection system market is bifurcated into above surface and underground. Based on end user, the market is divided into defense and homeland security. By country, the Asia Pacific mine detection system market is segmented into Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific.

Asia Pacific Mine Detection System Market - Companies Mentioned
BAE Systems; Chemring Group PLC; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Schiebel Corporation are among the leading companies operating in the Asia Pacific mine detection system market.

1. BAE Systems                                                     
2. Chemring Group PLC                                      
3. Israel Aerospace Industries Ltd.                
4. L3Harris Technologies, Inc.                         
5. Northrop Grumman Corporation              
6. Raytheon Technologies Corporation       
7. Schiebel Corporation                     

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