Top Companies in Mine Detection Systems Market | Industry Leading Players Comprehensive Report by VMR
Global players have invested heavily in mine detection systems in order to provide new and advanced technologies to end customers such as defense forces, paramilitary forces, and border security forces
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MARKET OVERVIEW
The Global Mine Detection System Market is valued at USD 5.02 Billion in the year 2021 and is projected to reach a value of USD 7.09 Billion by the year 2028. The Global Market is forecast to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.9% over the forecast period.
Mine Detection Systems are used to quickly clear areas and operations. There are different types of Mine Detection Systems, such as electromagnetic sensors, radar technology, ground-penetrating radar, thermal detection, etc. This detection sensor detects waves reflected from soil and mines. It can be detected by the difference in amplitude and frequency.
Recently, Mine Detection Systems around the world are undergoing significant changes. Investors are starting to invest in this market. The increased investment in new products is driven by the growing demand for advanced mine detection by naval and military forces around the world. Along with this, growing consumer safety concerns have increased the use of Mine Detection Systems.
List of Top Key Players in Mine Detection Systems Market:
|
Company Name |
Revenue in USD |
|
$26 Billion |
|
$4 Billion |
|
$64 Billion |
|
$35 Billion |
|
$22 Million |
|
$1 Billion |
|
$38 Billion |
|
$64 Million |
|
$31 Million |
|
$534 Million |
BAE Systems plc (BAE) is a British multinational arm, security, and aerospace company based in London, England. It is one of the largest defense contractors in Europe and ranked the seventh-largest in the world based on applicable 2021 revenues. As of 2017, it is the biggest manufacturer in Britain. Its largest operations are in the United Kingdom and the United States.
Israel Aerospace Industries Ltd manufactures civilian and military aerospace and defense products. The Company provides business jets, unmanned aircraft, and a range of systems including defense electronics, theatre defense, defensive and offensive naval weapons, and airborne radars. Israel Aerospace Industries serves clients worldwide.
Raytheon Technologies Corporation is an American multinational conglomerate headquartered in Waltham, Massachusetts. The company is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization.
Northrop Grumman Corporation is a global security company. The Company provides systems, products, and solutions in aerospace, electronics, information systems, and technical services. Northrop Grumman serves government and commercial customers worldwide.
L-3 Communications Holdings, Inc. is a prime contractor in command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services. The Company is also a provider of electronic systems used on military and commercial platforms.
Harris Corporation was an American technology company, defense contractor, and information technology services provider that produced wireless equipment, tactical radios, electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. They specialized in surveillance solutions, microwave weaponry, and electronic warfare. In 2019, it merged with L3 Technologies to form L3Harris Technologies.
General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As of 2019, it was the fifth-largest defense contractor in the United States, and the sixth-largest in the world, by sales. The company is a Fortune 100 company and was ranked No. 83 in 2020.
Founded in 1951 in Vienna, the globally operating Schieble Group focuses on the development, testing, and production of the revolutionary Unmanned Air System. Schiebel has built an international reputation for producing high-tech military, commercial and humanitarian products, which are backed by exceptional after-sales service and support. Schiebel maintains facilities in Vienna (Austria), Wiener Neustadt (Austria), Washington, DC (USA), Abu Dhabi (UAE), and Shoalhaven (Australia).
DCD Group Ltd. is a South African manufacturer and engineering company focusing on the rail, mining, energy, defense, and marine sectors. It is based in Vereeniging, South Africa. DCD Group specializes in engineering projects, including rail and military vehicle engineering, roller manufacturing, marine engineering, and engineering. DCD Group was originally established in 1946 as DCD-Dorbyl Ltd., a merger of Dorman Long and Vanderbijl Engineering Corporation. It rebranded in 2012 as DCD Group Ltd.
Chemring Group is a global business providing a range of advanced technology products and services to the aerospace, defense, and security markets. Chemring has extensive operations in the Americas, Europe, the Middle East, and Asia. The company was originally formed in 1905 as The British, Foreign & Colonial Automatic Light Controlling Company Limited, which manufactured timers for gas street lighting.
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