The Mine and IED detection systems market 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 market is categorized into vehicle mounted, handheld, biosensors, and robotics platforms. By 2020, the robotics segment will occupy 29% and 18% of the market share of the mine and IED detection systems, respectively.
The report also illustrates 3 major application sectors: defense, homeland security, and commercial application. The market revenues for the applications are calculated with respect to each region. The future for 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.
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 instability in the North American and European region will be the major factor for the decrease in the demand for mine and IED detection systems. The APAC and Middle Eastern countries 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 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 mine and IED detection systems market. It contains the market size of the mine and IED detection systems market, and discusses the market share by different sub-sectors for each region.