Mine Counter Measures Market Size, Share & Industry Analysis, By Mine Type ( Land Mines, Sea Mines ), By Mine Type ( Land Mines, Sea Mines ), By Application ( Identifying & Sensing, Disposing & Destroying ) and regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The global Mine Counter Measures Market is undergoing notable growth, with a substantial CAGR expected during the forecast period leading up to 2032. Mine counter measures are an advanced devices used to detect a counteract threats for naval vessels. The naval operation of mine counter measures is based on the sonar system. The sonar system is capable of identifying and navigating through the target. Mine counter measures play a dynamic role to keep the naval vessel and armored vehicles more secured by detecting the mines located at land platform as well as sea-based platform.
The factors expected to drive the market is increasing transportation through a naval vesseles and maritime rules & regulations implemented by several governments. Moreover, the growing demand for an advanced defense technology across the world is anticipated to boost the market. However, operational complexity of sonar system which are used in mine counter measures are affecting the market growth.
Market Segmentation:
By mine type, the market is segmented into land mines and sea mines. Based on counter measure technique, the market is segmented into manual and automated. By application the market is classified as identifying & sensing and disposing & destroying. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
Key Market Driver -
Growing Demand for Mine Counter Measured in Naval Operation to Detect the Mines Spread at Sea-Based Platform
Key Market Restraint -
Operational Complexities of Sonar System
Key Players Covered:
- Armada International ( The U.S.)
- ASV Global (The U.K.)
- Eca Group (France)
- Fr. Lurssen Werft GmbH & Co. KG. (Germany)
- General Dynamics Corporation. (The U.S.)
- Harris Corporation (The U.S.)
- HEINEN & HOPMAN (Netherland)
- Public.Navy.mil (The U.S.)
- Hydro Group plc (The U.K.)
- Others
Key Insights
- Growing Demand for Mine Counter Measured in Naval Operation to Detect the Mines Spread at Sea-Based Platform
- The Growing Demand for an Advanced Defence Technology Across The World
Regional Analysis:
The mine counter measures market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America is projected to be the largest market during the forecast timeline. The growth in the region is owing to the increasing use of mine counter measures by the U.S. Navy.
Asia-Pacific is estimated to be the fastest-growing region during the forecast period. This growth is attributed to the increasing focus of China to develop technologically advanced mine counter measure system to raise the naval strength of China. Europe registers significant growth in the market during the forecast period. This growth is owing to the presence of mine counter measure system OEM in Germany and France. In the U.K., the government’s focus on advanced sonar systems is anticipated to boost the market. In the Rest of the world, increasing the adoption of mine counter measure detection systems in Latin America, and Middle East & Africa is propelling the market.
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Segmentation
ATTRIBUTES | DETAILS |
By Mine Type |
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By Countermeasure Technique |
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By Application |
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By Geography |
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Mine Counter Measures Market Industry Developments
- In July 2020, ECA Group and Belgium Naval has been signed a contract to supply the UAV SKELDAR V-200. It is a part of the naval mine counter measures capability replacement, a maritime program run by Belgium Naval Group.
- In May 2019, Naval Group of France and Belgian Defence Ministry has been signed a contract with a valuation of USD 2200 Million to deliver mine counter measure system enabled naval ships and drones to the Belgium Navy.
- Ongoing
- 2023
- 2019-2022
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