Europe 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 Europe mine detection system market is expected to grow from US$ 1,360.11 million in 2021 to US$ 2,410.97 million by 2028; it is estimated to register a CAGR of 8.5% from 2021 to 2028.

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 Revenue and Forecast to 2028 (US$ Million)

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.

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

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