Mine & IED Detection Market Steady with Peacekeeping Efforts

Demining of improvised explosive devices (IEDs) and mines is necessary in both military and humanitarian ways. Many tools are used for mine clearance, which have specialized applications and processes. A combination of technologies and advancements in the various manual detection tools are expected to influence the mine & IED detection market. quick determination and safe destruction of the detected explosives are the primary motives of mine clearance projects that take care of the safety of the civilians as well as military staff working in that locale. The global industry for both mine clearance and IED detection is making steady progress thanks to the rising demand. This demand is triggered by many reasons and is expected to remain potent for the next few years to come.

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Drivers and Trends in IED & Mine Detection Market

Although the warlike situations are over across most parts of the world the millions of mines are still hidden all over the world. Clearing these mines and making the land free and safe for the people become the primary concern for the governments as well as the humanitarian authorities. Parts of the world like South and Central America, Asia, Africa, and Europe are still struggling to find suitable solutions to get rid of the mines and improvised explosive devices. As a result, these areas are also contributing to the rise in demand for the mine and IED detection market.

Growth in international peacekeeping missions and military land clearance operations are also creating better business opportunities for the industry. Technological advancements on the other hand are also expected to drive the growth in the industry during the next few years to come. However, high costs of the mine detection systems and bargaining power of the buyers are expected to be the major restraints for the mine & IED detection market during the next four to five years to come.

Nevertheless, the market is expecting better opportunities with growth in technological advancements, discovery of low cost and more reliable detection systems and unmanned IED detection systems. In order to understand the basic trends, researchers have divided the global mine and improvised explosive device detection systems market into various segments. These segments include:

  • Mine Detection Systems: Electromagnetic, biological, seismic, acoustic, metal detectors, mechanical and chemical methods
  • IED Detection Systems: Electrical, chemical, biological, neutron, x-ray, optical, laser, and others
  • Countries: Russia, US, UK, France, China, Israel, India, Japan, Brazil, Saudi Arabia, and others

According to the analysis of all the aforementioned segments, researchers expect the global mine and IED detection market to grow at a steady CAGR. By the end of 2020, they expect the mine detection market to become worth $440.20 million. The IED detection market on the other hand is expected to become worth $278.12 million by the end of the year 2020.