Demining is the process of deactivating and clearing the landmines from a specified area and location. The process of demining is either carried manually or mechanically. Humanitarian demining is a type of demining action in which removal and clearance of landmine are done for the safe residence of the population in that specified location. Department of defense and of state are promoting the foreign policy interest of the U.S. by supplementing other countries in protecting and shielding their people from the land mines and removal and clearance of the affected lands.
Rising technological advancements in safety and functionality of remotely operated machinery are expected to support growth of the global mechanical mine clearance system market during the forecast period
Increasing number of humanitarian activities are expected to boost the global mechanical mine clearance system market growth over the forecast period
Growing necessity of demining activities can offer major business opportunities
Rising consciousness related to significance of demining procedure can present excellent opportunities
High capital cost is expected to restrict growth of the global mechanical mine clearance system market over the forecast period
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Europe holds the dominant position in the global mechanical mine clearance system market and is expected to witness significant growth over the forecast period 2020-27. This is owing to the increasing investment in the defense sector, countries such as UK, Germany, and Italy are heavily investing the deface sector. For instance, in February 2020, according to The International Institute for Strategic Studies, a UK based research institute, European countries increased defense budget by 4.2% in 2019 compared to 2018. Among all these European countries UK is leading with $54.8 bn investment. Majority of UK’s investment will be on the providing advanced warfare equipment to the Army, Navy and Air force for ongoing peace operation in the Middle East.
Among operation, Remote Control/Robotic Vehicle segment is expected to create lucrative growth opportunity to the global mechanical mine clearance system market over the forecasted period 2020-27. This is owing to features such as safety of operating personals, remote monitoring and others provided by Remote Control/Robotic Vehicle. Furthermore, many key players in the market are focusing on developing the robot mine clearance system to provide safety and security to the troops.