Mine Detection System Market
Mine Detection System Market - Global Industry Assessment & Forecast
#
Pages:
141
2022
May - 2022
VMR-1564
Segments Covered
By
Deployment Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
-
By
Application Defense, Homeland Security
-
By
Technology Radar Based, Laser Based, Sonar Based
-
By
Upgrade OEMs, MROs
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 5.29 Billion |
 Revenue 2030:
|
USD 8.26 Billion |
 Revenue CAGR
(2023 - 2030): |
5.70% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Mine Detection System Market by Deployment by Application by Technology by Upgrade by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
At the later stage, the primary research is conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Overall Mine Detection System market size and regional/segmental trends
- Company market share and competitive scenario
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Mine Detection System market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
Vantage Market
Research | 17-May-2022
FAQ
Frequently Asked Question
What is the global demand for Mine Detection System in terms of revenue?
-
The global Mine Detection System valued at USD 5.29 Billion in 2022 and is expected to reach USD 8.26 Billion in 2030 growing at a CAGR of 5.70%.
Which are the prominent players in the market?
-
The prominent players in the market are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Israel Aerospace Industries Ltd. (Israel), Raytheon Technologies Corporation (US), BAE Systems (UK), Elbit Systems (Israel), L3Harris Technologies (US).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Mine Detection System include
- Increasing terrorist activities worldwide
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Mine Detection System in 2022.
