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Global Mine Countermeasures Market Share, Trends, Growth, Forecast: By Platform: Manned, Unmanned; By Operation: Sweeping, Hunting; By Fitment: New Procurement, Upgrades; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Mine Countermeasures Market Outlook
The global mine countermeasures market size attained a value of USD 2.48 billion in 2022. The market is further expected to grow at a CAGR of 3.20% between 2023 and 2028, to reach a value of USD 2.98 billion by 2028.
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Key Trends in the Market
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.
- Mine countermeasures are an integral part of modern naval combat systems which are capable of detecting, classifying, and eliminating moored and bottom mines. The increasing application of mine countermeasures in mine warfare operations, owing to the rising naval expenditure, growing terrorism and geopolitical tensions, and increasing naval capabilities of sovereign military powers, is driving the mine countermeasures market growth.
- Technological advancements in unmanned mine countermeasures, leading to an incorporation of high-end features such as autonomous mode and collaborative intelligence software, are further boosting the mine countermeasure infrastructure. Development of image tracking, comms technology, bottom lock systems for shallow lock missions, and unmanned underwater vehicle (UUV) navigation and tracking, among others are some of the technologies developed by the leading market players.
- The collaborative efforts of various governments and major military manufacturers aimed towards raising investments to carry out sophisticated mine countermeasures are key trends in the mine countermeasures market. The development of next generation drones is expected to offer expansion opportunities for the market by reducing the workload of officers and improving performance levels and confidence while increasing safety.
Market Analysis
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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.
- Aselsan A.Åž.
- BAE Systems plc
- ECA Group
- General Dynamics Mission Systems, Inc.
- Heinen & Hopman Engineering BV
- Others
Market Share by Operation
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.
Market Share by Region
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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Competitive Landscape
Aselsan A.Åž. 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.Åž. 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 |
|
| Breakup by Operation |
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| Breakup by Fitment |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Mine Countermeasures Market Analysis
8.1 Key Industry Highlights
8.2 Global Mine Countermeasures Historical Market (2018-2022)
8.3 Global Mine Countermeasures Market Forecast (2023-2028)
8.4 Global Mine Countermeasures Market by Platform
8.4.1 Manned
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Unmanned
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Mine Countermeasures Market by Operation
8.5.1 Sweeping
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Hunting
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Mine Countermeasures Market by Fitment
8.6.1 New Procurement
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Upgrades
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Mine Countermeasures Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Mine Countermeasures Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Mine Countermeasures Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Mine Countermeasures Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Mine Countermeasures Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Mine Countermeasures Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Aselsan A.Ş.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BAE Systems plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ECA Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 General Dynamics Mission Systems, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Heinen & Hopman Engineering BV
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Mine Countermeasures Market: Key Industry Highlights, 2018 and 2028
2. Global Mine Countermeasures Historical Market: Breakup by Platform (USD Million), 2018-2022
3. Global Mine Countermeasures Market Forecast: Breakup by Platform (USD Million), 2023-2028
4. Global Mine Countermeasures Historical Market: Breakup by Operation (USD Million), 2018-2022
5. Global Mine Countermeasures Market Forecast: Breakup by Operation (USD Million), 2023-2028
6. Global Mine Countermeasures Historical Market: Breakup by Fitment (USD Million), 2018-2022
7. Global Mine Countermeasures Market Forecast: Breakup by Fitment (USD Million), 2023-2028
8. Global Mine Countermeasures Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Mine Countermeasures Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Mine Countermeasures Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Mine Countermeasures Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Mine Countermeasures Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Mine Countermeasures Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Mine Countermeasures Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Mine Countermeasures Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Mine Countermeasures Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Mine Countermeasures Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Mine Countermeasures Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Mine Countermeasures Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Mine Countermeasures Market Structure
Key Questions Answered in the Report
The market reached a value of USD 2.48 billion in 2022.
The market is estimated to grow at a CAGR of 3.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 2.98 billion by 2028.
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.
Aselsan A.S., BAE Systems plc, ECA Group, General Dynamics Mission Systems, Inc., and Heinen & Hopman Engineering BV, among others, are the key players in the global mine countermeasures market, according to the report.
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