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)

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. BAE Systems                                                     
2. Israel Aerospace Industries Ltd.                
3. Northrop Grumman Corporation              
4. Raytheon Technologies Corporation       

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South and Central America Mine Detection Systems Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in South and Central America Mine Detection Systems Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth South and Central America arket trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.