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Counter-IED Market by End User (Military, Homeland Security), Deployment (Vehicle mounted, Ship mounted, Airborne mounted, Handheld), Capability (Detection (ADS, MIDS), and Countermeasure (Jammer, Neutralization)) and Region - Global Forecast to 2022

Counter-IED Market: Global Forecast until 2022

  • July 2017
  • 153 pages
  • ID: 5009190
In this report:
Allen-Vanguard received a contract from NSWC-Indian Head to develop and deliver Explosive Ordnance Disposal/ Improvised Explosive Device Defeat and provide diving and instructor training to the Azerbaijan Navy EOD Unit (AZE Unit).
THE COUNTERMEASURE SEGMENT IN COUNTER-IED MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD.
THE COUNTER-IED MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD.

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"Increasing incidences of terrorist attacks across the world and technological improvements in the IED detection systems are the key factors driving the increase of the counter-IED market."

The counter-IED market is forecasted to grow from ~$1.8B in 2017 to ~$2.0B by 2022, at a compound annual growth rate of ~2.6 percent between 2017 and 2022. The rise of the counter-IED market is influenced by different factors, which include changing nature of modern warfare, growing incidences of terrorist attacks across the world, growing instances of asymmetric warfare, and increasing use of offensive weapons for tactical operations by militaries of various countries. Nevertheless, high costs engaged in the R&D activities of counter-IED equipment and technologies and the declining defense budgets of the developed countries are the factors that may restrain the increase of the counter-IED market in the USA, the UK, France (FR), and Germany (DE).

"The countermeasures capability segment of the counter-IED market is expected to rise at the maximal CAGR during the estimate period between 2017 and 2022."

Established on the capability, the counter-IED market has been broken down into detection and countermeasures. The countermeasures capability segment of the counter-IED market is presumed to grow at the maximal CAGR (Compound annual growth rate) during the outlook period between 2017 and 2022. This high rise of this segment of the industry can be accredited to the growing demand for different countermeasure systems that are deployed by the militaries and other agencies of distinct countries to neutralize the improvised explosive devices.

"The Asia Pacific counter-IED market is expected to increase at the maximal compound annual growth rate (CAGR) during the estimate period."

The Asia Pacific counter-IED market is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period. In the Asia Pacific area, the India counter-IED market is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period, owing to growing technological improvements in counter-IED equipment and devices, increasing incidences of terrorist attacks, and increasing instances of asymmetric warfare.

The growing demand for advanced military equipment from the emerging economies and increasing terrorist activities in the Southern Asia are some of the factors fueling the industry demand for counter-IED equipment and devices in the Asia Pacific area. The tremendous growth in the military expenditure of various countries, increase in the quantity of improvised explosive device attacks, and modernization of armed forces of different countries, such as china (CN), India (IN), and Australia (AU) are the main factors leading to the increase of the Asia Pacific counter-IED market.

Break-up of the profiles of the primary participants of the counter-IED market:

• By Company category: Tier 1 - 55.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 45.0 percent, D-level - 25.0 percent , and Others - 30.0 percent

• By Area: North America (NA) - 10.0 percent, EU - 20.0 percent, Asia-Pac - 40.0 percent, and rest of the world - 30.0 percent

Main firms decribed in the industry report on the counter-IED market are Lockheed Martin (LMT), Allen-Vanguard, Chemring Group, General Dynamics Corporation, Raytheon (NYSE:RTN), Elbit Systems (NASDAQ:ESLT), and Northrup Grumman Corporation.

Segment Research

This industry report presents a complete study of the counter-IED market during the outlook period between 2017 and 2022. The counter-IED market has been classified on the basis of end user (military and homeland security), deployment (vehicle mounted, ship mounted, airborne mounted, handheld, and others), capability (detection and countermeasures), and area (North America continent, Europe (EU), Asia Pacific (APAC), Middle East (ME) & African continent, and rest of the world).

Why acquiring this study can help you:

From an insight prospect, this market research on the counter-IED market highlights on different levels of review, vendor dive study, company descriptions, and business strategies of the top actors in the sector. These insights together comprise and discuss basic views on the competitive landscape, coming out and high-growth segments of the counter-IED market, high-growth areas and territories, and their specific regulatory policies, government actions, and drivers, market restraints, alternatives, and opportunities influencing the counter-IED market.

The analysis offers business insights into these pointers:

• Market Uptake: Exhaustive data on the counter-IED products and solutions provided by the top 10 actors of the counter-IED market.

• Product Development/Innovative products: In-depth understanding on the next technologies, Research&development activities, and recent product launches in the counter-IED market.

• Market Development: Highlighted information about lucrative industries - the market research examines industries for counter-IED solutions and products across different areas.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the counter-IED market.

• opposing assessment and Vendor Dive Review: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the counter-IED market.

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