Counter-IED Market is expected to rise at annual rate 2.30% in the forecast period of 2021 to 2028 and is expected to reach USD 139,193.01 million by 2028 due to the increasing need for the security globally.
On the other hand, high cost associated with the research and development and protectionist policies are expected to obstruct the market growth in the above mentioned forecast period. Developing robust IED countermeasures is projected to challenge the counter-IED market.
According to Data Bridge Market Research the markets for counter-IED is accelerating because of the growing number of terrorist activities across the globe, rise in demand for unmanned systems like driverless trucks and lighter robots and high deployment military and homeland security organizations, majorly including vehicles, ships, and aircraft. Additionally, growing equipment of electronic explosive detection devices, jammers for tracking the location, and neutralizing improvised explosive devices (NIED) and rise in the investments, expansion of commercial aircraft, increase in in safety regulations for aircraft positively affect the counter-IED market.
Furthermore, increasing demand from homeland security agencies extend profitable opportunities to the market players.
Now the question is which are the other regions that counter-IED market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rise in the investments by the government to equip their military bodies in the region.
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Counter-IED market is segmented on the basis of countries into U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of counter-IED companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-counter-ied-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Counter-IED Market – Industry Trends and Forecast to 2028