Mine Clearance System Market View:
Mine clearance or demining systems refers to the minesweeping and removal of land mines from particular location through utilization of detectors and mechanical tool incorporated in the vehicles. These systems are provisioned with safety systems and required robustness provided to sustain the explosions of the ROW and other improvised explosive devices. Prominent applications of these systems include military and humanitarian. Alternative means include manual operations assisted by tools such as metal detectors, trained animals, acoustics among few others to detect the explosives. However, owing to substantial threats to human lives and the ecosystem by these alternative approaches, mine clearance system market is expected to witness strong growth prospects over the forecast period.
Extensive stretches of land that may potentially threaten loss of human lives, the biological eco-system and human property owing to the presence of the explosives or landmine as remnants of war, or internal disputes is the prominent growth driver of the mine clearance system market. High number of civilian casualties in the past due to these explosives has led to substantial increase in the global concern and formation of International Campaign to Ban Landmines (ICBL). Moreover, other humanitarian activities to support the international ban such as Geneva International Centre for Humanitarian Demining (GICHD), Norwegian People’s Aid, and Halo Trust among few others will also present strong growth opportunities over the forecast period. However, high initial costs, maintenance costs, and lack of skilled workforce are expected to hamper the industry growth over the forecast period.
Key features of the study:
This report provides in-depth analysis of mine clearance system, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global mine clearance system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, mine clearance system market capital, key developments, and strategies and future plans
Key companies covered as a part of this study include Aardvark Clear Mine Ltd., Armtrac Limited, CEFA, Digger DTR – Demining Technologies, DOK-ING d.o.o., Hydrema Holdings ApS, MineWolf Systems AG, Rheinmetall AG, Scanjack AB, and Way Industries a.s.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, Product up-gradation, market expansion and marketing tactics
The global mine clearance system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, NGOs, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the mining clearance system market