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Anti-tank, anti-personnel, IED Detection Systems Market worth $440.20 Million and $278.12 Million by 2020
According to market research report "Anti-tank, anti-personnel, IED Detection Systems Market by Product (Vehicle Mounted, Hand Held, Robotics, Biosensors), Application (Defense, Homeland Security and Commercial), Region & Country - Global Trends & Forecasts to 2014 - 2020" the mine and IED detection systems markets are projected to reach upto $440.20 million and $278.12 million by 2020, respectively.
Browse 95 market data tables 55 figures spread through 180 pages and in-depth TOC on “Anti-tank, anti-personnel, IED Detection Systems Market by Product (Vehicle Mounted, Hand Held, Robotics, Biosensors), Application (Defense, Homeland Security and Commercial), Region & Country - Global Trends & Forecasts to 2014 - 2020”
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The Anti-tank, anti-personnel mine, and IED detection systems markets are currently estimated to be worth $443.70 million and $298.61 million, respectively. They are also expected to reach $440.20 million and $278.12 million by 2020, respectively.
The Anti-tank, anti-personnel, IED Detection Systemsmarket research report categorizes the global market on the basis of product type, application sectors, revenue forecast, market share, and upcoming trends in the industry and technology.
The anti-tank, anti-personnel mine, and IED detection systems are designed to identify deeply buried and surface-laid mines and IEDs that are in or next to the advancing path of deployment. The detection systems can be operated in vehicles, handheld devices, and robotics. Thus, the market is categorized into vehicle mounted, handheld, biosensors, and robotics platforms.
During the war in Afghanistan and Iraq, the vehicle mounted detection systems were high in demand. However, the market is now shifting towards the robotics. Robotics consists of unmanned systems such as unmanned surface vehicles (USV), unmanned ground vehicles (UGV), and unmanned aerial vehicles (UAV).
Robotic systems are slowly replacing the worldwide range of vehicle-mounted mine detection systems application; higher efficiency and greater levels of control are identified as the forces for the rising demand for the mine and IED detecting robotic systems market. By 2020, the robotics segment is expected to capture 29% and 18% of the market share of the mine and IED detection systems, respectively.
The report also illustrates three major application sectors: defense, homeland security, and commercial application. The future for anti-tank and anti-personnel mine detection systems will be dominated by the defense sector, while the IED detection systems market will be influenced by the homeland security sector. The common method that will be used for detection will be based on ground penetration radar and laser technology. The market revenues for the applications are calculated with respect to each region namely North America, Asia-Pacific, Europe, Africa, and the Middle East.
Africa and Asia-Pacific will grow at a higher CAGR in the future to meet the changing demands, while the market leaders, that is, North America and Europe, will register a sluggish growth. The economic turbulence and defense budget cuts in the North American and European region will be the major factor for the decrease in the demand for anti-tank mine and IED detection systems. While the countries in APAC and the Middle Eastern region will focus on growth and try to capture the market space during the forecast period of 2014-2020.
The technological trends will include the hybrid systems development, wherein two or more technologies will be used to build the mine and IED detection systems. The development of the device shall be done, keeping in mind the global platform and environment. The companies are facing more pressure to improve the reliability of the system and respond to false alarms.
The report provides a market analysis of the anti-tank, anti-personnel mine, and IED detection systems market for the next 6 years. It encloses the analysis of the drivers, restraints, challenges, and opportunities that impact the anti-tank, anti-personnel mine, and IED detection systems market. The peace keeping mission and military land clearance operations will drive the market in the upcoming years. Whereas, the political instability and lack of a reliable detection system will be the major restrain for the anti-tank, anti-personnel mine, and IED detection systems market.
Report also provides a detailed analysis of major countries from each region. It highlights the key growth regions and the key growth countries for this market on the basis of the revenue analysis. The major shareholder in the anti-tank, anti-personnel mine, and IED detection systems market are the U.S., the U.K., Russia, France, Japan, Saudi Arabia, India, China, Israel, and Brazil. The report provides their market size and discusses the market share by different sub-sectors for each country.
Furthermore, the report mentions the key players in the anti-tank, anti-personnel mine, and IED detection systems market such as BAE Systems (U.K.), IAI (Israel), Raytheon (U.S.), Northrop Grumman Corporation (U.S.), and Chemring Group PLC (U.K.). It offers the general overview of the companies, including their financial position, key products, market size, with respect to the mine and IED detection systems segment.
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