South and Central America 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 South & Central America mine detection system market is expected to grow from US$ 185.78 million in 2021 to US$ 252.78 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
Mine countermeasures are undergoing a major transformation, owing to the evolution of disruptive technologies, from traditional mine hunting with grey ship mine hunters to unmanned autonomous vehicle utilization for the same. Unmanned and autonomous systems that operate above and below the water have steadily progressed over the previous decade, reaching degrees of maturity that are now capable of being used as a mine detector. Ensuring the safety of naval personnel and keeping them out of casualty are the most critical aspects of mine countermeasures. The use of unmanned and autonomous technologies is a huge step forward in this arena. This has influenced companies such as Thales group to offer mine detection products that can be easily integrated with autonomous vehicles.
For instance, the Thales Group offers M-CUBE, which is a mine countermeasure management system. The open, modular architecture of the M-CUBE mission system ensures effective management of even the most complicated activities. Its full functionality, which incorporates cutting-edge technology, covers all elements of mine countermeasure missions, including planning, execution, supervision, assessment, debriefing, and training. M-CUBE is easily configured to fit any type of deployed sensor and comes with a variety of built-in support tools. It significantly minimizes operator workload while assuring maximum efficiency and safety. Thus, such factors are expected to contribute to the growth of the South & Central America mine detection system market over the forecast period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America mine detection system market growth at a notable CAGR during the forecast period.
South & Central America Mine Detection System Market Revenue and Forecast to 2028 (US$ Million)
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South & Central America Mine Detection System Market Segmentation
The South & Central America 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 South & Central America 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 South & Central America mine detection system market is bifurcated into Brazil and the Rest of SAM.
South & Central America Mine Detection System Market - Companies Mentioned
BAE Systems; Israel Aerospace Industries Ltd.; Northrop Grumman Corporation; and Raytheon Technologies Corporation are among the leading companies operating in the South & Central America mine detection system market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Mine Detection System Market Landscape
4.1 Market Overview
5. South and Central America Mine Detection System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 New Product Development
5.2 Impact Analysis of Drivers and Restraints
6. South and Central America Mine Detection System Market – Country Analysis
6.1 South and Central America Mine Detection System Market - Country Overview
6.2 South and Central America Mine Detection System Market Revenue and Forecast to 2028 (US$ Million)
7. South and Central America Mine Detection System Market Analysis – By Deployment
7.1 Overview
7.2 Mine Detection System Market, By Deployment (2020 and 2028)
7.3 Vehicle Mounted
7.3.1 Overview
7.3.2 Vehicle Mounted: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hand Held
7.4.1 Overview
7.4.2 Hand Held: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
8. South and Central America Mine Detection System Market Analysis – By Detection Capability
8.1 Overview
8.2 South and Central America Mine Detection System Market, By Detection Capability (2020 and 2028)
8.3 Above Surface
8.3.1 Overview
8.3.2 Above Surface: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Underground
8.4.1 Overview
8.4.2 Underground: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
9. South and Central America Mine Detection System Market Analysis – By End User
9.1 Overview
9.2 South and Central America Mine Detection System Market, By End User (2020 and 2028)
9.3 Defense
9.3.1 Overview
9.3.2 Defense: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Homeland Security
9.4.1 Overview
9.4.2 Homeland Security: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
10. South and Central America Mine Detection System Market – Country Analysis
10.1 Overview
10.2 SAM: Mine Detection System Market
10.2.1 SAM: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2.1 Brazil: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2.1.1 Brazil: Mine Detection System Market, by Deployment
10.2.2.1.2 Brazil: Mine Detection System Market, by Detection Capability
10.2.2.1.3 Brazil: Mine Detection System Market, by End User
10.2.2.2 Rest of SAM: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2.2.1 Rest of SAM: Mine Detection System Market, by Deployment
10.2.2.2.2 Rest of SAM: Mine Detection System Market, by Detection Capability
10.2.2.2.3 Rest of SAM: Mine Detection System Market, by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 BAE Systems
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Israel Aerospace Industries Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Northrop Grumman Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Raytheon Technologies Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM: Mine Detection System Market, by Deployment– Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Mine Detection System Market, by Detection Capability – Revenue and Forecast to 2028 (US$ Million)
Table 3. SAM: Mine Detection System Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Mine Detection System Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Mine Detection System Market, by Detection Capability – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Mine Detection System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Mine Detection System Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Mine Detection System Market, by Detection Capability – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Mine Detection System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. South and Central America Mine Detection System Market Segmentation
Figure 2. South and Central America Mine Detection System Market Overview
Figure 3. Handheld Segment held the Largest Share in 2020
Figure 4. Brazil held the Largest Share in 2020
Figure 5. South and Central America Mine Detection System Market: Impact Analysis of Drivers and Restraints
Figure 6. South and Central America Mine Detection System Market – Country Analysis
Figure 7. South and Central America Mine Detection System Market Revenue and Forecast to 2028 (US$ Million)
Figure 8. South and Central America Mine Detection System Market Revenue Share, by Deployment (2020 and 2028)
Figure 9. Vehicle Mounted: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Hand Held: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South and Central America Mine Detection System Market Revenue Share, by Detection Capability (2020 and 2028)
Figure 12. Above Surface: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Underground: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. South and Central America Mine Detection System Market Revenue Share, by End User (2020 and 2028)
Figure 15. Defense: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Homeland Security: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. South and Central America Mine Detection System Market Revenue Share, by Region (2021 and 2028)
Figure 18. SAM: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Brazil: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Rest of SAM: South and Central America Mine Detection System Market – Revenue and Forecast to 2028 (US$ Million)
- BAE Systems
- Israel Aerospace Industries Ltd.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation