The number of armed conflicts between countries is increasing at an alarming rate, prompting a greater need for nation's defense forces to strengthen their security measures. Moreover, developed and developing nations have experienced a significant rise in military expenditure. A significant amount of the budget is allocated to the procurement of countermeasure technologies, such as mine detection systems.
Thus, such investments and initiatives to procure new and advanced mine detection systems across several militaries and naval bodies are boosting the growth of the Europe 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 Europe mine detection system market growth at a notable CAGR during the forecast period.
Europe Mine Detection System Market Segmentation
The Europe 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 Europe 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 Europe mine detection system market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.
Europe Mine Detection System Market - Companies Mentioned
MBDA; BAE Systems; Chemring Group PLC; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc. ; Mine Kafon LAB; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Schiebel Corporation are among the leading companies operating in the Europe mine detection system market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,360.11 Million |
| Market Size by 2028 | US$ 2,410.97 Million |
| CAGR (2021 - 2028) | 8.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Mine Detection System Market is valued at US$ 1,360.11 Million in 2021, it is projected to reach US$ 2,410.97 Million by 2028.
As per our report Europe Mine Detection System Market, the market size is valued at US$ 1,360.11 Million in 2021, projecting it to reach US$ 2,410.97 Million by 2028. This translates to a CAGR of approximately 8.5% during the forecast period.
The Europe Mine Detection System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Mine Detection System Market report:
The Europe Mine Detection System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Mine Detection System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Mine Detection System Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Mine Detection System Market
