Mine Detection Systems Market worth $440.20 Million and $278.12 Million by 2020 According to market research report "Mine & IED Detection System Market (Vehicle Mounted, Hand Held, Robotics, Biosensors), by Application (Defense, Homeland Security and Commercial),Region & Country - Global Trends & Forecasts to 2014 - 2020" the mine and IED detection systems markets are projected to decline to $440.20 million and $278.12 million by 2020, respectively. Free PDF Download @ Mine and IED Detection Systems Market The report provides a market analysis of the mine and IED detection systems market over the next 6 years. It talks about the analysis of drivers, restraints, challenges, and opportunities that impact the industry. It also provides the details about the industry and technology trends that are currently prevailing in the mine and IED market. The trouble of mines is not new, nor is the problem of improvised explosive devices (IEDs), although the IEDs came to light during the second war in Iraq when it was used extensively. Since then the use of these revolting devices has been proliferating. Thus, becoming a matter of high concern, and hence serious efforts are applied to address it. he last decade witnessed a revolution in mine and IED detection systems. With the war in Afghanistan and Iraq, the market was showing tremendous growth. However, with the retreat of troops in Afghanistan and Iraq, and the global economic turbulence that has caused defense budget cuts, the market is projected to decline in the upcoming years.
The major difficulties identified in the mine and IED detection systems market a defense budget cuts, political instability, and the high cost of detection. Enquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=7 8121179 The mine and IED detection systems market has been segmented on the basis of product, application, region, and country. The product segmentation includes vehicle mounted, handheld, robotics, and biosensor detectors. The world’s leading defense forces are expected to spend on handheld, robots, and unmanned aerial vehicle detectors, that intend to detect mine and IEDs detection systems. The reason for the drift from vehicle mounted systems to unmanned systems is increased precision, faster detection, and reduced false alarm rate. Browse 95 market data tables, 55 figures spread through 180 pages and in-depth TOC on “Mine & IED Detection System Market� http://www.marketsandmarkets.com/Market-Reports/mine-ieddetection-system-market-78121179.html This report provides the market analysis of the mine and IED detection systems market for the next 6 years. It contains an overview of the drivers, restraints, challenges, and opportunities that impact the industry. It also provides the industry and technology trends that currently prevail in the mine and IED detection systems market. It identifies, analyses, and outlines the market size of the major spenders in each region as per the application sectors such as the defense, homeland security, and commercial sectors. It also provides information about the leading competitors in the mine and IED detection systems. About MarketsandMarkets
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