Counter-IED Systems Spending $7.7bn

Tuesday 29 June 2010, Amsterdam

Improvised explosive devices (IED) have been brutally effective weapons of insurgents in Iraq and Afghanistan, and increasingly, in other parts of the world. IEDs have been blamed for thousands of deaths of military personnel and also civilians. The US and its allies have responded has responded to the IED threat by spending billions of dollars on vehicles, equipment, personnel and training for counter-IED and explosive ordnance disposal (EOD) missions. This has provided very strong demand in recent years in the counter-IED market. However, demand is expected to decline from these high levels with the continuing US and allied withdrawal from Iraq and the imminent drawdown in Afghanistan. Based on the new market research available on ASDReports.com, global spending on counter-IED systems amounted to $7.7bn in 2009. However, the study finds that the peak of spending in counter-IED systems has passed and thus demand is expected to fall through the next decade. However, the overall value of the market will remain robust and provide significant commercial opportunities.

This new report titled:'The Counter-IED Market 2010-2020: Systems and Technologies for Force Protection', provides an analysis of the global market for mine-resistant vehicles, electronic countermeasures mainly in jammers, IED detection equipment and unmanned systems purposely designed for IEDs. The report examines corporate announcements and news accounts, policy documents, reports of relevant contracts and original expert views from industry, to analyse how the counter-IED systems market will develop during the period 2010 to 2020.