MECHANICAL MINE CLEARANCE SYSTEM MARKET ANALYSIS

Mechanical Mine Clearance System MarketSize and Trends

The Global Mechanical Mine Clearance System market was valued for US$ 45.75 Mn in 2021 is expected to exhibit a CAGR of 4.5% during the forecast period.

The global market for Mechanical Mine Clearance System has been negatively impacted by the COVID-19 outbreak. The pandemic closed down many sectors, causing them to experience financial difficulties and lack of workforce. Which negatively impacted the process of the mine detectors used in land mine detection in army camp areas, and War zone areas. Thus, during the epidemic, the global Mechanical Mine Clearance System industry grew slowly.

Europe held a dominant position in the Global Mechanical Mine Clearance System Market in 2021 Statistics:

Europe region dominated the Global Mechanical Mine Clearance System Market in 2021, accounting for a 41.9% share in terms of value, followed by MEA, North America, Asia Pacific and Latin America, respectively

Europe and MEA were two leading markets in terms of revenue in 2021, and are expected to hold their dominant position over the forecast period. The market growth in these regions is attributed to the process of eliminating land mines with efficient use of mechanical devices. For instance, Mechanical Mine Clearance System are majorly used in humanitarian as well as military and are performed across the globe. Which is expected to drive demand for Mechanical Mine Clearance System over the forecast period. Moreover, increasing demand for manual operation segment and Remote Control Operation/Robotic Vehicle in the Mechanical Mine Clearance System is expected to facilitate growth of the Mechanical Mine Clearance System Market in Europe and MEA.

The Global Mechanical Mine Clearance market was valued at US$ 45.75 Mn in 2021 and is expected to reach US$ 65.12 Mn by 2030, growing at a CAGR of 4.5% between 2022 and 2030.