Market Trends of UXO Detection Industry
This section covers the major market trends shaping the UXO Detection Market according to our research experts:
Hardware Segment To Exhibit The Highest Growth Rate
Many developing economies such as India, China, etc. are investing in the development of and acquisition of UXO detection systems owing to the increase in border skirmishes that often lead to fire exchanges between countries that leaves several unexploded ordinances in border residential areas. The aforementioned factor is significantly increasing the demand magnetic imagery systems, side scan, multibeam and acoustic scanning systems, 3D scanning systems, etc. Military programs, such as the United States run Conventional Weapons Destruction (CWD) for European and Eurasian regions, are also significantly driving the technological innovations and system development and procurement for large scale detection and disposal of unexploded ordinances from wars and conflicts of the past. In 2019, the joint research team of Ukrainian Multirotor Technologies LLC and Geophysical Laboratory of Binghamton University announced the completion of the first phase of anthropogenic magnetic anomalies identification of Unexploded Ordnance through Cicada UAV platform. The aforementioned developments are significantly driving the market growth for UXO detection hardware across the world.
North America Held The Highest Revenue Share In 2019
The United States has actively deployed troops in the combat affected regions such as Middle-East and Africa and it is providing advanced software-based UXO detection technology to its armed forces and armed forces of allies in Europe and Asia-Pacific region. The United States is actively integrating satellite imagery and cloud computing technology for efficient detection and disposal of UXOs on land as well as sea. Canada's Department Of National Defence is also significantly spending to clear the UXOs spread across the country as a result of military training activities. The aforementioned developments are propelling the growth of the UXO detection market in the region.
