Mine Detection System Market Research Report and Outlook by 2028

In 2021, the mine detection system market was valued at approximately US$ 4,870.78 million and is projected to reach US$ 8,286.55 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.9% during the period from 2021 to 2028.

The mine detection system market is experiencing significant growth, primarily due to the increasing demand for these systems for rapid area clearance and mine detection, driven by escalating security threats and ongoing border conflicts. Various types of landmines exist, including blast mines, directional fragmentation mines, bounding fragmentation mines, omnidirectional fragmentation mines, anti-vehicle mines, butterfly mines, and anti-personnel mines. Additionally, sea mines, which encompass ground, moored, and contact mines, are strategically deployed to target submarines or surface vessels. Consequently, military forces, border security agencies, and paramilitary organizations are acquiring sophisticated mine detection equipment from a range of manufacturers. The demand for these systems is particularly pronounced in emerging nations such as Afghanistan, the United States, Iran, and India, where the threat from landmines is increasing. Homeland Security is a significant end-user of mine detection technologies. For instance, in November 2021, the Border Security Forces (BSF) in Odisha, India, utilized a handheld mine detector to locate improvised explosive devices (IEDs) that had been placed on a roadside pavement under construction. These factors collectively contribute to the expansion of the mine detection system market.

The growth of the mine detection system market is further fueled by rising investments in mine detection technologies across North America, largely in response to increasing terrorist activities. Prominent players in the North American sector include L3Harris Technologies, Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, and Lockheed Martin Corporation. Europe ranks as the second-largest market globally, driven by a surge in border disputes and security challenges. In July 2021, the European Commission selected a consortium led by Naval Group Belgium for the Mine Risk Clearance for Europe (MIRICLE) initiative. Key companies operating within the European market include BAE Systems, MBDA, and Scheibel Corporation. The Asia-Pacific (APAC) region is anticipated to witness the highest CAGR during the forecast period, as nations implement various strategies to mitigate the risks posed by landmines. For example, in October 2021, South Korea's Defense Acquisition Program Administration awarded a contract to Hanwha Systems for the development of a new man-portable mine detection system. Additionally, in 2019, Japanese defense manufacturer IHI Corporation launched an autonomous underwater mine detection system, further propelling the growth of the mine detection system market in the APAC region.

The COVID-19 pandemic significantly impacted the military capabilities of European nations, affecting personnel availability. Given the military's essential role in Europe's national crisis response framework, there was a notable demand for mine detection systems, initially for general military support, including logistics, public space disinfection, and assistance to police and internal security forces in various countries. However, in FY 2020, European defense and homeland security forces faced heightened demands for advanced combat and security technologies for military operations. Furthermore, several European nations have announced plans to invest in and acquire defense technologies for their armed forces, which is expected to stimulate the growth of the mine detection system market in the coming years. For instance, Sweden issued a tender in 2020 to procure mine detectors for its armed forces.

The mine detection system market is categorized based on deployment, detection capability, and end user. In terms of deployment, the market is divided into vehicle-mounted and handheld systems. The handheld segment dominated the market in 2021, holding a larger share. Regarding detection capability, the market is split into above-surface and underground detection, with the underground segment leading in market share in 2021. By end user, the market is classified into defense and homeland security, with the defense segment also holding a larger market share in 2021. Geographically, the mine detection system market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). In 2021, the APAC region accounted for a substantial portion of the global mine detection system market.

Key players in the global mine detection system market include MBDA, BAE Systems, Chemring Group PLC, DCD Ltd., Israel Aerospace Industries Ltd., L3Harris Technologies, Inc., Mine Kafon LAB, Northrop Grumman Corporation, Raytheon Technologies Corporation, and Scheibel Corporation.

The global mine detection system market size has been established through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, which involved collecting both qualitative and quantitative data from various internal and external sources related to the mine detection system market. This phase aimed to provide a comprehensive overview and forecast for all market segments. Additionally, numerous primary interviews were conducted with industry stakeholders, including VPs, business development managers, market intelligence managers, national sales managers, external consultants, research analysts, and key opinion leaders, to validate the data and gain deeper analytical insights into the subject. The research encompassed a wide array of experts specializing in the mine detection system market.