Mine Detection Systems Market Set to Grow at the Fastest Rate

Northbrook, IL -- (SBWIRE) -- 09/27/2021 -- According to a research report "Mine Detection System Market by Application (Defence and Homeland Security), Deployment (Vehicle Mounted, Ship Mounted, Airborne Mounted and Handheld), Technology, Upgradation (OEMs and MROs), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Mine Detection Systems market is projected to grow from an estimated USD 5.2 billion in 2021 to USD 6.9 billion by 2026, at a CAGR of 6.2% in terms of value during the forecasted period. It is witnessing significant growth due to increasing new technologies and demand of going mine detection systems. Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive the mine detection Systems market during the forecast period. Adding to these factors, the increase in the use of Unmanned systems and the need for mine detection serve as opportunities for the mine Detection Systems market. The new emerging security scenarios across the globe are trans-national in nature and warrant a unified approach among nations. Industries having a global presence and undergoing partnerships with local and international defense industry participants and governments are expected to benefit in this highly competitive business environment. Companies wanting to grow in this market must to able to track the various trends with respect to the threats and technologies needed to tackle these, and also provide complete solutions, which include the services and equipment for mine detection Systems systems.