Global Counter Improvised Explosive Device (IED) Market, By Capability (Detection, Countermeasure), Deployment (Vehicle-Mounted, Ship-Mounted, Airborne, Handheld, Others), End User (Military, Homeland Security), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Counter Improvised Explosive Device (IED) Market
Data Bridge Market Research analyses that the counter improvised explosive device (IED) market would exhibit a CAGR of 4.05% for the forecast period of 2021 to 2028 and will reach USD 1,932.58 million by 2028.
Counter improvised explosive device (IED) efforts are done mainly by military and law enforcement with the help of the diplomatic and financial communities. It contains a comprehensive approach of counteracting the threat networks that employ improvised explosive devices, routing the devices themselves, and training others.
This rise in counter improvised explosive device (IED) market value can be attributed to the asymmetric warfare leading to increase in IED blast. The increasing importance of submarines in armed service warfare, growing terrorist activities worldwide, rapid technological advancement in IED detection systems and the rise in the focus on counter IED developments are also expected to drive the growth for counter improvised explosive device (IED) market in the forecast period of 2021 to 2028. In addition, the enlarged investment in R&D, high demand from emerging countries and growing demand from homeland security agencies will create ample opportunities for the counter improvised explosive device (IED) market to grow.
- On the flip side, high research and development cost and protectionist policies leading to limited access to counter-IED technologies can hinder the growth of counter improvised explosive device (IED) market, whereas the developing robust IED countermeasures can challenge the counter improvised explosive device (IED) market in the above mentioned forecast period.
This counter improvised explosive device (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 improvised explosive device (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.
Global Counter Improvised Explosive Device (IED) Market Scope and Market Size
The counter improvised explosive device (IED) market is segmented on the basis of capability, deployment and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of capability, the counter improvised explosive device (IED) market has been segmented into detection and countermeasure. Detection is further segmented into ads-above-surface detection system, mids-underground mine and IED detection system, stand-off IED detector and remote IED detection equipment. Countermeasure is further segmented into jammers and neutralization. Neutralization is further sub-segmented into neutralizing improvised explosive devices (NIED) and explosive ordnance disposal (EOD).
- On the basis of deployment, the counter improvised explosive device (IED) market is segmented into vehicle-mounted, ship-mounted, airborne, handheld, and others. Vehicle-mounted is further segmented into armored vehicles and unmanned ground vehicles. Unmanned ground vehicles is further sub-segmented as non-combatant vehicles. Ship-mounted is further segmented into naval vessels and unmanned maritime vehicles (UMV). Airborne is further sub-segmented as aircraft, aerostat and unmanned aerial vehicle (UAV).
- On the basis of end user, the counter improvised explosive device (IED) market is segmented into military and homeland security.
Counter Improvised Explosive Device (IED) Market Country Level Analysis
The counter improvised explosive device (IED) market is analyzed and market size insights and trends are provided by country, capability, deployment and end user as referenced above.
The countries covered in the counter improvised explosive device (IED) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the counter improvised explosive device (IED) market and will continue to flourish its trend of dominance during the forecast period owing to the large-scale investments in procuring and developing advanced military equipment. Asia-Pacific region is set to witness unprecedented growth during the forecast period of 2021 to 2028 and will project the highest compound annual growth (CAGR) rate due to the increasing investments by the government to equip their military bodies with advanced technologies.
The country section of the counter improvised explosive device (IED) market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Counter Improvised Explosive Device (IED) Market Share Analysis
The counter improvised explosive device (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, global presence, production sites and facilities, production capacities, 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 improvised explosive device (IED) market.
The major players covered in the counter improvised explosive device (IED) market report are Lockheed Martin Corporation., Raytheon Technologies Corporation, MBDA Inc., General Dynamics Corporation, BAE Systems., Boeing., L3Harris Technologies, Inc., Thales Group, Textron Inc., Rheinmetall AG, Alliant Techsystems, IAI, Denel Dynamics, Northrop Grumman., Saab AB, Airbus S.A.S., Aselsan, Rafael Advanced Defense Systems Ltd., Diehl Stiftung & Co. KG, and Leonardo among others.
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