Counter IED Market 2019: Growth, Global Size, Share, Analytical Overview, Latest Trends, Key Players Outlook, Opportunity Assessment and Regional Forecast till 2023

Counter IED Market 2019: Growth, Global Size, Share, Analytical Overview, Latest Trends, Key Players Outlook, Opportunity Assessment and Regional Forecast till 2023

“Counter IED”
Global Counter IED Market Growth Opportunities, Sales Revenue Report Information by End User (Military and Homeland Security), by Capability (Detection and Countermeasure), by Deployment (Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld, and Others), and by Region – Forecast Till 2023

Counter-Improvised Explosive Device (IED) has become a quintessential effort to counter threat networks that employ IEDs. The military, intelligence agencies, etc. devise proper approaches to tackle the threat network and not just the devices themselves. The accelerating developments in the adoption of IEDs by various terrorist organizations are acting as a catalyst for counter IED market growth. In the latest report published by Market Research Future (MRFR) on counter IED market, it has been highlighted that the market is set to grow at 3% CAGR from 2018 to 2023.

Competitive Analysis:

Leading players in the global counter IED market include Thales Group, Raytheon Company, Northrop Grumman Corporation, Lockheed Martin Corporation, L3 Technologies, Harris Corporation, General Dynamics Corporation, Elbit Systems Ltd., Chemring Group plc, and BAE Systems. 

The use of IED dates back to the time of First World War, and, have seen technological developments across the years such as incorporating toxic attributes of chemical, infusing radioactive materials for more destruction, improvized nuclear explosives, etc. The advancements implemented on these explosives have opened up avenues for innovation in counter IED market. However, the market for counter IED has already been penetrated on a large-scale. Therefore, average growth is expected across the forecast period.

Get Free Sample Copy of Report at:

https://www.marketresearchfuture.com/sample_request/5988

The demand for counter IED is poised to exhibit a steady growth which can be ascribed to the accelerating utilization of IEDs by insurgents globally- Taliban in Pakistan, Boko Haram in Nigeria, Al Shabaab in Somalia, ISIS in Syria, Houthis in Yemen, Al-Qaeda in Arabian Peninsula, etc. According to a report published by the Homeland Security Market Research in the U.S., the number of IEDs used in Afghanistan have increased by 400 percent since 2007. The constant threat posed by IEDs is a key factor responsible for driving the counter IED market. The major restraints to the market expansion are huge research & development costs involved, declining budget allocations in the defense sector, etc.

Global Counter IED Market Segmentation:

By end user, global counter IED market has been segmented into military, and, homeland security.

By capability, the market for counter IED is segmented into detection, and, countermeasure. The detection segment has been further sub-segmented into ADS-above-surface detection system, MIDS-underground mine and IED Detection system, remote IED inspection equipment, and, stand-off IED detectors. The countermeasure segment is sub-segmented into jammers, and, neutralization. The Remote Controlled Improvised Explosive Device (RCIED) will drive growth in jammers segment for countering remote-controlled improvised explosive devices.

By deployment, the market has been segmented into vehicle mounted, ship mounted, airborne mounted, handheld, and, others. The vehicle mounted segment has been sub-segmented into armored vehicles, Unmanned Ground Vehicles (UGVs). The ship mounted segment has been further sub-segmented into naval vessels, and, Unmanned Maritime Vehicles (UMVs). The Airborne mounted segment is sub-segmented into aircraft, aerostats, and, Unmanned Aerial Vehicles (UAVs). The vehicle mounted segment is expected to lead the segment, and airborne mounted segment will be witnessing technological advancements during the assessment period.

Regional Analysis:

North America is likely to dominate the global counter IED market over the forecast period due to the presence of leading players such as Northrop Grumman and Lockheed Martin. The military complex in the U.S. is a major revenue generator for the counter IED market in the region and is likely to remain the major driver for the market over the forecast period. Increasing involvement of the U.S. in counter-insurgency movements all over the world is likely to be a major driver for the counter IED market in North America over the forecast period.

IEDs are among the major threats faced by peace corps forces and international armed force units, as they are often the cheapest weapon available to insurgents in impoverished areas of the world. While attack weaponry such as rifles and machine guns are widely present among insurgents, the use of IEDs is a major tactic to slow down or undermine the progress of NATO or UN peacekeeping armies. The use of improvised technology also makes the threat of IEDs flexible, making the development of a strong counter IED unit essential for ensuring smooth progress of an army. The increasing involvement of the U.S. and Canada in international peacekeeping armies, in addition to the wars waged by the U.S. on its own, is likely to be a major driver for the counter IED market in North America over the forecast period.

The increasing involvement of British and French troops in international peacekeeping forces is also likely to drive the counter IED market in Europe over the forecast period. Europe is likely to remain the third largest regional market for counter IED devices and technology over the forecast period, behind North America and Asia Pacific, and is likely to remain a steady consumer for counter IED manufacturers.

Asia Pacific is likely to remain an important market for counter IED manufacturers due to the growing geopolitical tensions around India, Pakistan, China, Taiwan, and the Korean peninsula. India and China and India and Pakistan have highly frosty relationships, with China’s subtle support to Pakistan further complicating matters between the three regional powers. Border issues around Kashmir, Tibet, and Arunachal Pradesh are likely to lead to increasing demand for military devices, including counter IED, over the forecast period. The increasing prevalence of domestic concerns such as Naxalites in India and Islamic terrorists in Pakistan is also likely to be a major driver for the counter IED market in Asia Pacific over the forecast period. 

Key Developments:

In September 2018, Northrop Grumman Corporation signed a contract worth USD 103 million with the US Naval Sea Systems Command to provide joint counter-radio-controlled IED electronic warfare systems.

In March 2018, L3 Micreo signed a contract, worth USD 27 million, with the Australian Defense Force for the delivery of 13,000 Silvershield vehicle-mounted counter- IED force protection systems.

In May 2016, Thales Group launched ECLIPSE, a counter-IED system with the French armed forces. ECLIPSE is built around a new-generation jammer that prevents IEDs from being detonated by remote control.

Table of Content:

1  EXECUTIVE SUMMARY

2  SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2  SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4  LIMITATIONS

2.3  RESEARCH TYPE

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

Continued. . .

Browse More Details on Report at:

https://www.marketresearchfuture.com/reports/counter-ied-market-5988

List of tables:

TABLE 1 GLOBAL COUNTER IED MARKET: BY REGION, 2018-2023 

TABLE 2 NORTH AMERICA COUNTER IED MARKET: BY COUNTRY, 2018-2023 

TABLE 3 EUROPE COUNTER IED MARKET: BY COUNTRY, 2018-2023 

TABLE 4 ASIA PACIFIC COUNTER IED MARKET: BY COUNTRY, 2018-2023 

TABLE 5 MIDDLE EAST & AFRICA COUNTER IED MARKET: BY COUNTRY, 2018-2023

Continued. . .

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/counter-ied-market-5988