According to our latest market study on "Global Mine Detection System Forecast to 2028 - COVID-19 Impact and Global Analysis - by Deployment, Detection Capability, and End User," the market is expected to grow from US$ 4,870.78 million in 2021 to US$ 8,286.55 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
The Middle East & Africa (MEA) mine detection system market is categorized into Saudi Arabia, South Africa, the UAE, and the Rest of MEA. The increased military expenditures are channelled into modern military resources, including equipment, and vehicles. The rising conflicts across national borders have also boosted military expenditure. These factors are contributing to the growth of the MEA mine detection system market.
MEA countries have increased their focus on developing advanced mine detection systems in addition to acquiring new and advanced systems. The Technology Innovation Institute in Abu Dhabi is developing a low-cost rover that can identify unexploded landmines, while the UAE and Israel have signed a contract to develop unmanned military and commercial vessels integrated with intelligence, surveillance, and mine detection systems. South Africa is a significant player in the Middle East & Africa mine detection system market due to its rise in military expenditure and the presence of mine detection system manufacturers. Military forces like the US Army have been using the Husky 2G for mine detection activities, while Denel Mechem offers advanced mine detection equipment. Saudi Arabia has the highest military expenditure in the region and utilizes a significant share of its military expenditure in acquiring and developing mine detection systems. DCD demonstrated its explosives and landmine detection capabilities at the World Defence Show in March 2022, and Saudi Arabia acquired the Husky 2G vehicle under the US FMS scheme in 2017. These factors are expected to drive the growth of the mine detection system market in South Africa and Saudi Arabia.
The COVID-19 pandemic hampered the MEA military technology industry. Governments of the Middle Eastern & African countries imposed lockdowns in early 2020 to curb the spread of SARS-CoV-2, which disrupted the defense industry ecosystem.
The availability of mine detection systems is high in the region due to the manufacturing of the widely-used vehicle-mounted Husky vehicles for mine detection by various countries, which is mainly carried out in South Africa. However, the market size of vehicle-mounted mine detection systems has been negatively affected by the decline in the manufacturing of automotive products and components, which can be attributed to the emergence of the COVID-19 pandemic.
The South America (SAM) market for mine detection systema is divided into two segments: Brazil and the Rest of SAM. The increase in military spending is driving the growth of the mine detection system market in this region. According to data from SIPRI in 2020, Brazil had the highest military spending in the region, followed by Colombia, Chile, Argentina, and Peru. With these high military budgets, South American countries can upgrade their military and naval activities, and procure new and advanced military weapons, vessels, and equipment, including mine detection systems. In September 2020, the Brazilian Navy announced a 20-year plan to enhance the country's Defense Technological and Industrial Base (DTIB), which includes the acquisition of mine-hunting ships, Antarctic support ships, aircraft carriers, escort ships, logistics support ships, training ships, survey ships, and unmanned aerial vehicles (UAVs). Therefore, the increase in investments by SAM countries in acquiring new and advanced vessels and equipment is expected to contribute to the growth of the mine detection system market in this region.
Key Findings of Study: Mine Detection System Market Growth
The mine detection system market is divided into five key regions, namely North America, Europe, APAC, MEA, and SAM. In 2020, North America held the largest share in the mine detection system market and is expected to maintain its dominance throughout the forecast period. Europe followed closely as the second-largest market for mine detection systems, followed by APAC, MEA, and SAM. In terms of deployment, the handheld segment held the largest share of over 75% in the global mine detection system market in 2020.
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