Global Counter-IED Market, By Capability (Detection, Countermeasures, Jammers, Neutralization, Neutralizing Improvised Explosive Devices (NIED), Explosive Ordnance Disposal (EOD)), Deployment (Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld, Others), End User (Military, Homeland Security), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Counter-IED Market
The counter-IED market is expected to witness market growth at a rate of 2.30% in the forecast period of 2021 to 2028 and is expected to reach USD 139,193.01 million by 2028. Data Bridge Market Research report on counter-IED market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The high need for the security globally is escalating the growth of counter-IED market.
Counter IED System refers to the system for detecting explosives and explosive components by utilizing improvised explosive devices (IEDs). These devices are generally triggered from the safest distance by the operator through including wristwatches and mobile phones.
The increase in the number of terrorist activities across the globe acts as one of the major factors driving the growth of counter-IED market. The surge 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, accelerate the market growth. The increase in the equipment of electronic explosive detection devices, jammers for tracking the location, and neutralizing improvised explosive devices (NIED) further influence the market. Additionally, surge in the investments, expansion of commercial aircraft, rise in in safety regulations for aircraft, and rise in defense sector positively affect the counter-IED market. Furthermore, rise in demand from homeland security agencies extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the research and development and protectionist policies leading to limited access to counter-IED technologies is expected to obstruct the market growth. Developing robust IED countermeasures is projected to challenge the counter-IED market in the forecast period of 2021-2028.
This counter-IED market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on counter-IED market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Counter-IED Market Scope and Market Size
The counter-IED market is segmented on the basis of capability, deployment, and end user. The growth among segments helps you analyse niche pockets of development and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of capability, the counter-IED market is segmented into detection, countermeasures, jammers, neutralization, neutralizing improvised explosive devices (NIED), and explosive ordnance disposal (EOD).
- On the basis of deployment, the counter-IED market is segmented into vehicle mounted; ship mounted, airborne mounted, handheld and others.
- On the basis of end user, the counter-IED market is segmented into military and homeland security.
Global Counter-IED Market Country Level Analysis
The counter-IED market is analysed, and market size, volume information is provided by country, capability, deployment, and end user as referenced above.
The countries covered in the global counter-IED market report are the 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).
North America is expected to dominate the counter-IED market due to the increase in large-scale investments in procuring and developing advanced military equipment within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growing investments by the government to equip their military bodies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Counter-IED Market Share Analysis
The counter-IED market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to counter-IED market.
The major players covered in the counter-IED market report are General Dynamics Corporation, Lockheed Martin Corporation., Elbit Systems Ltd., Raytheon Technologies Corporation, Chemring Group PLC, Thales Group, L3Harris Technologies, Inc., Northrop Grumman., Allen-Vanguard Corporation., Netline Communications Technologies, IAI, Sierra Nevada Corporation., SRC, Inc., BAE Systems., QinetiQ, and Rheinmetall AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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