Business Opportunity Global News Market News

Demand for Mechanical Mine Clearance System Market to Gain Momentum in the 2024 End-use Industry in the COVID-19 Lockdown

COVID-19 pandemic has turned out to be a major growth determinant in the industrial automation sector. With the integration of digital infrastructure to monitor and control public health, industrial automation has taken a new shape. This crisis has enhanced the value of IT and digital transformation across different sectors and industries. 

In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference. 

The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.

While the need for safe demining action is gradually becoming a necessity, the world awaits the arrival of affordable mechanical mine clearance systems. Demining action continues to gain traction across the globe, driving the adoption of mechanical mine clearance systems and reducing the casualty incidence rate while planting active landmines. Furthermore, the urgency of clearing landmines for rehabilitation purposes is also prompting the use of mechanical mine clearance systems. Persistence Market Research’s recently published report estimates the global market for mechanical mine clearance systems to be presently valued at US$ 38.2 Mn, and anticipates it to bring US$ 51.7 Mn by the end of 2024.

For detailed insights on enhancing your product footprint, request for a Sample Report here

According to the report, titled “Mechanical Mine Clearance System Market: Global Industry Analysis and Forecast, 2016-2024,” the global market for mechanical mine clearance systems is projected to grow at a moderate pace, registering 3.9% CAGR over the forecast period. Factors that restrain the adoption of mechanical mine clearance systems include:

  • High Installation Costs: Initial costs of setting up mechanical mine clearance systems, through rent or outright purchase, adds further complications to the end-user. Costly rentals apprehend operators from using the mechanical mine clearance vehicle in unreliable territories. Purchasing them becomes impractical as the cost of even a single unit is likely to add quite a lot of liability on the owner.
  • Expensive Maintenance: The most crucial liability after purchasing mechanical mine clearance systems is maintaining them. Maintenance of mechanical mine clearance systems puts extra burden on the customers that will benefit from demining activities.
  • Safety Concerns: Using mechanical mine clearance vehicles is hazardous for industrial workers. Complex operational mechanism and the risk of damaging vehicle from abrupt demining mishaps is also restraining their use in the mechanical demining market. Since mechanical mine clearance systems were developed to reduce onsite casualty rate in demining activities, such safety concerns depict a reversing image of these vehicles before potential buyers.
  • Lack of Skilled Professionals: Despite of having remote control, operators face challenges in maneuvering mechanical mine clearance vehicles through cameras and display assistance. The operator is guarded in a safe armored area, but a risky line of work as such could easily scare millions of professional equipment operators.

The report reveals that in 2016, not more than fifty-five mechanical mine clearance systems were sold in the world, and that this number is expected to reach 71 by 2024-end. These systems are available at an average price per unit of US$ 675,000. So, spending half a million dollars on a demining vehicle serves as a deterrent for active consumption of mechanical mine clearance systems. Regardless, more than 60% of global mechanical mine clearance system market is dominated by costly mine flail systems. The demand for mine flails has been projected to grow in the years to come, while combine mechanical mine clearance vehicles will register revenue growth at more than 4% CAGR.

Request For Methodology of this Report here

Seven out of ten mechanical mine clearance systems sold in the world are put to use through manual operation. However, concerns regarding operator’s safety has driven the adoption of robotic or remotely-controlled mechanical mine clearance vehicles, revenues from which are projected to reach US$ 15.9 Mn by 2024-end. The report also identifies Europe as the world’s largest market for mechanical mine clearance systems. With over 40% stake in global revenues, nearly 30 mechanical mine clearance vehicles are expected to be sold in European countries by the end of 2024. Second-in-line is the Middle East & Africa (MEA) region, which will consume over fifteen mechanical mine clearance systems by the end of forecast period.

Top Key Players:

  • Hydrema Holding ApS
  • Rheinmetall AG
  • Armtrac Limited
  • Aardvark Clear Mine Ltd.
  • Digger DTR – Demining Technologies
  • CEFA
  • Way Industries a.s.
  • DOK-ING d.o.o.
  • MineWolf Systems AG
  • Scanjack AB

Reasons to Purchase this Report:

Accuracy and Quality
Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.

For in-depth competitive analysis, Check Pre-Book here

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

About Us :

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.

Contact Us

Persistence Market Research
U.S. Sales Office
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA-Canada Toll-Free: 800-961-0353
E-mail id- [email protected]