Mine Counter-Measures Market Research Report - Forecast till 2030

Mine Counter-Measures Market Research Report: By Type (Land Mines and Sea Mines), by Equipment (Manned and Unmanned), by Approach (Sweeping and Hunting),Region (North America, Asia-Pacific, Europe, the Middle East Africa, and Latin America) Forecast till 2030

ID: MRFR/A&D/4742-HCR | February 2023 | Region: Global | 100 Pages         

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Mine Counter-Measures Market

Mine Counter-Measures Market Size Is AUSD 2.85 Billion By 2030. At A CAGR Of Around 3.40% Forecast By 2020-2030

Segmentation
By Type Land Mines and Sea Mines
By Equipment Manned and Unmanned
By Approach Sweeping and Hunting
By Region North America Asia-Pacific Europe the Middle East & Africa and Latin America
Key Players
Companies Profiled   ASV Global in the UK   Eca Group in France   Hydro Group plc. In the UK   Fr. Lürssen Werft GmbH & Co. KG in Germany   Public.Navy.mil in the US   Armada International in Thailand   Harris Corporation in the US   HEINEN & HOPMAN in Netherland   General Dynamics Corporation in the US
Drivers
Market Driving Forces   The government is increasing national safety through transportation
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 Mine Counter-Measures Market Overview:



Mine Counter-Measures Market Size Is AUSD 2.85 Billion By 2030. At A CAGR Of Around 3.40% Forecast By 2020-2030



Mine countermeasures market helps detect certain things that the government uses to keep the country safe. It counteracts the threats from the enemy side. It helps in many ways to the mines industry by creating a wall. It operates with a sound system; it uses technology sounds that can detect the enemy target. The military industry uses it to enhance the market size. Mine countermeasure is used to search and cancel the naval mines to prevent the naval vessels from being harmed. Companies and the government develop it to protect the country. Any other military attacks like navy ships are also affected due to attack. Once the sea mines are damaged, the repairing cost is much more than the servicing and reconstruction of the ship. As the technologies are growing rapidly, this can fuel the growth of the mine countermeasures market. The mine countermeasure market is expected to grow by a CAGR of 10% during the forecast period. US navy mine countermeasures have started using advanced technologies. The growing border tension in many countries increases the growth of the market. market analysis shows that various factors affect the market. Technology plays a major role in increasing the market value; hence, mine countermeasure technology helps the industry gain market share.


COVID 19 Analysis


The pandemic affected each sector very badly. The business went into a huge loss as the pandemic affected several countries globally, which made the business take a step down. The lockdown created a huge problem for the market. The available things were necessities; nothing else was allowed, which affected the market. The global market took a step down because of the continuous loss. It will take a lot of time to recover from this. It affected the market share.


Mine countermeasure market size will increase shortly due to the border issues between several countries. As the lockdown extended in several countries, the project that was ongoing by the naval industries was paused, which in turn affected the market severely. As many things were closed, so lack of forces was made to stop the travel industry. Due to the allowance of necessary products for the selling purpose, the product providers of the mine countermeasure system experience disruption in the supply. The substances required for the development of the mining industry are stopped, and hence, the projects or the work that are assigned or future projects that will be assigned all got paused due to the pandemic effect.


Chief variable existing in the market


Key market drivers


The government and many mining industries are developing technologies to provide security to the globe from enemies attack. The government is increasing national safety through transportation; it acts as a major driver for the growth of the market during the forecast period. Due to disruption in several countries and border issues between Pakistan, China, and India, the mine countermeasure market affects the market size.


The increased crime in some countries and the terrorist attacks due to spats between two or several countries are the key drivers of the market.


Market challenges


The market faces various challenges due to the current situation, the challenge that the mine countermeasure market will face is the high cost in the removal, and it creates a challenge for the market to grow. The business can find difficulties in establishing itself in the current market scenario after the downfall. The increase in the cost of the technology product can affect the market size and due to new entrance of several companies also increase the challenges.


Opportunities in the global market


As the world is adapting to new technologies for the market's growth, many opportunities are created. With the advancement of the technologies, the opportunities increase for the market, which creates further opportunities for the newcomers in the market size. Mine countermeasure technology is advancing to create a new


market share. The advancement of technologies is creating new and innovative options for the global market.


Restrains


As the growth of technologies is increasing rapidly, the cost of technologies is increasing. As the cost is very high of the technologies, using them to remove mines becomes difficult, it takes time and high cost and becomes a key restrain for the mine countermeasure market.


Due to the increased terror attack and issues between the two countries is a restrain as the crimes are increasing, many governments are trying their best to increase the security system, and hence, the technology market is trying to cope up to invent new inventions, which in turn help to grow the market.


Cumulative evaluation of the market


The effectiveness and usage of the mine countermeasure market have been mentioned in this very report. There are several ranges of necessary that affect the market revenue. A wide range of market variables and several necessities have been presented here. Several market variables help in the growth of the market during the forecast period. The drivers, opportunities, restraints, and challenges have been examined and evaluated accurately. Based on the mine countermeasures market, one can explain that the mine countermeasure market size would increase.


Overview of the main market


By type


The mine countermeasure market is divided into land mines and sea mines by product type. Both types will help to increase the market growth with a high CAGR in the forecast period.


By equipment


Mine countermeasure market is segmented by equipment into two parts, and they are manned and unmanned. There is an expectation that the unmanned equipment will register a high CAGR during the forecast period. The increased military market will increase the market growth in the upcoming time.


By approach


The market segment is divided by approach into sweeping and hunting. The sweeping market segment is expected to increase the CAGR because of the development of humanitarian and non-governmental organizations.


Regional analysis


It plays an important role in the mine countermeasure market. It is segmented into North America, Asia Pacific, Europe, Latin America, the middle east, and Africa based on the region. In terms of value and volume, North America was the largest growing market in 2018. It has become the highest because of the developed infrastructure and usage of the developed technologies. It is expected that Europe will register the highest CAGR in the forecast period. Mine countermeasure market revenue acts as a factor for the marketing shares.


Competitive intensity in the industry


The mine countermeasure market is considered to be a major market in current times. The market size is increasing with the increase in technologies. Mine countermeasure technology uses various technologies to develop the market to secure the globe from enemy attacks and protect the mine countermeasure vessel. Several underwater mine countermeasures should keep in mind. Some of the main global businesses that have played the main role and helped increase the market size are mentioned below.



  • ASV Global in the UK

  • Eca Group in France

  • Hydro Group plc. In the UK

  • Fr. Lürssen Werft GmbH & Co. KG in Germany

  • Public.Navy.mil in the US

  • Armada International in Thailand

  • Harris Corporation in the US

  • HEINEN & HOPMAN in Netherland

  • General Dynamics Corporation in the US


Recent market development



  • The project sea 200/ maritime mining is designed to increase the mine water capabilities of the ADF and secure Australia's maritime approach by using innovative and smart sea mines.

  • The 2020 Force Structure Review referred to new investments in advanced maritime mines.

  • The maritime mine countermeasures program passed an important step last year, with a production contract awarded by both British and French authorities as part of phase two.


Report overview


The overview of the market is mentioned here by keeping all the necessary categories in mind. Certain things influence the mine countermeasure market. Several types of professional research are fetched and accumulated in the report. Many kinds of factors influence the market by increasing the share of the market. Many companies are using innovative and new technologies that can improve the market in a better way. All the information mentioned in the report is accurate and fetched professionally by keeping all the factors in mind. The factors that are necessary to keep in mind are technical, logical, and political. Some key industrial segments are mentioned below.


By type



  • land mines

  • sea mines


By equipment type



  • manned

  • unmanned


By approach type



  • sweeping

  • hunting


 



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Frequently Asked Questions (FAQ) :

Mine Counter-Measures Market At A CAGR Of Around 3.40% Forecast By 2020-2030

ASV Global in the UK,Eca Group in France,Hydro Group plc. In the UK,Fr. Lürssen Werft GmbH & Co. KG in Germany,Public.Navy.mil in the US,Armada International in Thailand,Harris Corporation in the US,HEINEN & HOPMAN in Netherland,General Dynamics Corporation in the US

North America was the largest growing market during the year