The global counter-IED market grew at a CAGR of around 4% during 2014-2019. Counter-improvised explosive devices (IEDs) refer to law enforcement and counterinsurgency equipment that are used for combatting threats from explosive devices. They are primarily used by military and homeland security organizations and are majorly deployed on vehicles, ships and aircraft. For instance, lightweight vehicles and battle tanks are equipped with electronic explosive detection devices, neutralizing improvised explosive devices (NIED) and jammers for tracking the location and preventing the underground explosives from blowing off. These devices are crucial for battlefield operations and disposing of IEDs for counterinsurgency, counterterrorism and law enforcement operations.
The alarmingly increasing rate of criminal activities represents one of the key factors driving the market growth. In line with this, the rising need for security solutions against terrorist groups is also contributing to the market growth. Counter-IED are used by both public and private organizations to safeguard their operations and prevent the incidence of terror attacks. Furthermore, the implementation of favorable government policies to minimize cross-border insurgencies and promote national security is also driving the market growth. Various developing nations are also building their unmanned vehicle-mounted systems for counter-IED operations. Additionally, technological advancements, such as the development of ground-penetrating radar (GPR), biological detection systems and nuclear, seismic and thermal detection sensors that are used for detecting IEDs and landmines, are acting as other major growth-inducing factors. Favorable government policies to improve the defense infrastructure, modernization of military systems and enhanced focus on research and development (R&D) are expected to drive the market further. Looking forward, IMARC Group expects the global counter-IED market to continue its moderate growth during the next five years.
Breakup by Capability:
Breakup by Deployment Type:
Vehicle Mounted IED Detection System
Ship Mounted IED Detection System
Aircraft Mounted IED Detection System
Handheld IED Detection System
Breakup by Application:
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Allen-Vanguard Corporation, BAE Systems Land & Armaments Inc., Chemring Group Plc, Elbit Systems Ltd., L3 Technologies Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies (United Technologies Corporation), Rheinmetall Aktiengesellschaft, Sierra Nevada Corporation and Thales Group.
Key questions answered in this report:
How has the global counter-IED market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global counter-IED market?
What are the key regional markets?
What is the breakup of the market based on the capability?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global counter-IED market and who are the key players?
What is the degree of competition in the industry?