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The global mine countermeasures market size attained a value of USD 2.56 billion in 2023. The market is further expected to grow at a CAGR of 3.1% between 2024 and 2032, to reach a value of USD 3.38 billion by 2032.
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Mine countermeasures refer to the process of preventing any damage or destruction caused by mines. It is a procedure which aims at carrying out a survey to detect all potential contacts with an underwater mine. It is a risky and time-consuming process which uses advanced equipment, and vessels to prevent greater dangers from a mine that could affect naval or civilian vessels. While land mines are restricted in use and are easier to detect, underwater mines require advanced mine countermeasures.
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Based on platform, the market is bifurcated into manned and unmanned. On the basis of operation, the market is classified into sweeping and hunting. By fitment, the market is segmented into new procurement and upgrades. The regional markets for mine countermeasures are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global mine countermeasures market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Based on operation, the sweeping segment accounts for a significant share in the mine countermeasures market. Sweeping is an important process of removing and detonating naval mines efficiently and effectively. Sweeping devices, incorporated in naval fleets, exhibit soundproofing properties which reduce their magnetic signature. In addition, modern sweeping devices are capable of neutralising large amounts of mines in open water territories which is a crucial factor propelling the segment’s growth. Over the forecast period, the anticipated increase in demand for acoustic generators, to carry out effective sweeping, is expected to further bolster the growth of this segment, as these devices can detonate mines at any water depths.
At a regional level, North America and Asia Pacific are expected to witness a healthy growth in the forecast period, because of the increasing naval combat exercises between strong sovereign economies such as the United States, Japan, India, and South Korea. These exercises also increase the proficiency of mine countermeasure systems. In addition, the rising investments in autonomous mine counter measure support are further bolstering the mine countermeasures market in the Asia Pacific and North America. In the Asia Pacific, the growing trade of advanced data management capabilities to improve the efficiency of mine countermeasures between countries like Australia and ASEAN, is further propelling the mine countermeasures market growth in this region.
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Aselsan A.Å. is a leading arms manufacturer which develops, innovates, and carries out research in advanced military products. The company provides expertise in defence electronics, communication and infotech, radar and electronic warfare, electro-optics, avionics, unmanned systems, and command and control equipment, among others. Aselsan A.Å. was established in 1975 and is currently headquartered in Yenimahalle, Turkey.
BAE Systems plc is one of the largest aerospace companies across the world and provides high-end security solutions related to air, land, and maritime. The equipment manufactured by BAE Systems caters to the naval demands of various sovereign nations. The company was established in 1999 and is currently headquartered in Farnborough, United Kingdom.
ECA Group is a prominent aerospace and defence company which is a subsidiary of the Groupe Gorge. The company provides expertise in robotics, automated systems, and simulation and industrial processes, while also offering unmanned mine countermeasure systems. The company was established in 1936 and is currently headquartered in La Garde, France.
Other market players include General Dynamics Mission Systems, Inc., and Heinen & Hopman Engineering BV, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Platform |
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Breakup by Operation |
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Breakup by Fitment |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 2.56 billion in 2023.
The market is estimated to grow at a CAGR of 3.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 3.38 billion by 2032.
The increasing applications of mine countermeasures in mine warfare operations, rising naval expenditure, growing terrorism and geopolitical tensions, and increasing importance of mine countermeasures in naval combat preparations are the major drivers of the market.
The key trends in the market include the technological advancements in unmanned mine countermeasures and incorporation of high-end features such as autonomous modes and collaborative intelligence software.
Manned and unmanned are the different platforms of mine countermeasures in the market.
The primary operations of mine countermeasures in the market are sweeping and hunting.
New procurement and upgrades are the various fitments of mine countermeasures in the market.
A mine countermeasure consists of various advanced components such as sonar and video systems, cable cutters, and sweepers, among others, which detect and safely detonate an underwater mine.
General Dynamics Mission Systems, Inc., Heinen & Hopman Engineering BV, BAE Systems plc, Aselsan A.S., ECA Group, Others, are the key players in the global mine countermeasures market, according to the report.
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