Counter-IED Market: Introduction
Transparency Market Research delivers key insights on the global counter-IED market. In terms of revenue, the global market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global counter-IED market.
Counter-IED (improvised explosive device) is part of a broader counter-terrorism, counter-insurgency, or law enforcement effort. Counter-IED is an interdisciplinary process for evaluating and adjusting measures to discover, prevent, mitigate, and recover from IED incidents and their consequences. These systems are largely utilized in military and law enforcement applications. Counter-IED systems include anti-tank, anti-personnel mine, and IED detection systems. Thus, an increase in trend of making counter-IED systems quicker, reliable, and safer is projected to boost the demand for counter-IED across the globe in the near future.
Major Key Players of the Counter-IED Market are:
Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Sierra Nevada Corporation, Allen-Vanguard, General Dynamics Corporation, Harris Corporation, L3 Technologies, Inc., Thales Group, Parnisari Arms, Chemring Technology Solutions, and Elbit Systems Ltd.
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The global counter-IED market has been broadly segmented by solution, deployment, and end user. Based on solution, the market has been divided into detection [ads-above-surface detection system, mids-underground mine and IED detection system, stand-off IED detector, and remote IED detection equipment], and countermeasure [jammer and neutralization {NEID, and EOD}]. Based on deployment, the market has been segmented into vehicle mounted [manned and unmanned], ship mounted, airborne mounted [aircraft, aerostat, and UAV], and handheld. In terms of end user, the market has been bifurcated into military and law enforcement. Based on deployment, the vehicle mounted segment holds significant market share and is anticipated to expand at a rapid pace during the forecast period.
Global Counter-IED Market: Segmentation
Counter-IED Market, by Solution
- Detection
- Ads-Above-Surface Detection System
- Mids-Underground Mine and IED Detection System
- Stand-Off IED Detector
- Remote IED Detection Equipment
- Countermeasure
- Jammers
- Neutralization
- NIED
- EOD
Counter-IED Market, by Deployment
- Vehicle Mounted
- Manned
- Unmanned
- Ship Mounted
- Airborne Mounted
- Aircraft
- Aerostat
- UAV
- Handheld
Counter-IED Market, by End User
- Military
- Law Enforcement
Counter-IED Market: Dynamics
The rise in use of IEDs to conduct terrorist and insurgency activities across the globe is a matter of concern for military and security forces of multiple countries, as it hinders the political, social, and economic development of a country. Threat of IED attacks is a global issue, which is compelling multiple government organizations to focus on the development of technologically advanced IED detection systems such as vehicle mounted early warning of indirect indicators of IEDs. This technology is based on remotely operated unmanned ground vehicle (UGV) platforms with multi-camera head to detect indicators of IED presence even if the vehicle is moving at a speed of 20-30km/h. The use of semi-autonomous robots for detection of mines and IEDs plays an important role in IED detection systems. Thus, a rise in technological advancements in IED detection systems is anticipated to have a positive impact on the global counter-IED market during the forecast period.
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Research objectives:-
– To study and analyze the global Counter-IED consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Counter-IED market by identifying its various sub-segments.
– Focuses on the key global Counter-IED manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Counter-IED with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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