Global Explosive Ordnance Disposal (EOD) Equipment Market Analysis & Trends - Industry Forecast to 2030

Global Explosive Ordnance Disposal (EOD) Equipment Market Analysis & Trends - Industry Forecast to 2030

Explosive Ordnance Disposal (EOD) Equipment: Market Size

From $9,429.02 million in 2024, the global Explosive Ordnance Disposal (EOD) Equipment market is projected to reach $17,258.27 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.6% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include police forces modernization programs and defense modernization programs, increasing terrorist activities, and growing investments towards explosive disposals accompanied by technological advancements.

Global Explosive Ordnance Disposal (EOD) Equipment Market: Market Dynamics
Transformation programs in various military and law enforcement agencies, increasing demand for military ground robots which are programmed to diffuse bombs and other explosives, growing number of militancy groups across the globe, and instances of cross-border battles in various regions across the world are the major factors propelling the market growth.

On the other hand, the high cost of this equipment and huge investments is likely to obstruct the profit boundaries. In addition, continuous research and development initiatives undertaken by various manufacturers will further boost for the Explosive Ordnance Disposal (EOD) Equipment market.

Impact of COVID-19 on Explosive Ordnance Disposal (EOD) Equipment
Most industries across the world have been negatively impacted over the last few months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. Moreover, consumer demand has also subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak. These aforementioned elements are expected to burden the revenue trajectory of the global explosive ordnance disposal (EOD) equipment market over the forecast timeline.

By Application

Law Enforcement Segment Dominate the Market in 2024
The law enforcement segment made huge revenue in 2024 during the forecast period. High adoption of EOD in law enforcement owing to increasing terror attacks coupled with growing concern for the safety of citizens and the growing adoption of technically advanced equipment for law enforcement has driven the growth of this segment.

By Geography

North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to the increasing investment in the improvement of military and defense service. Thus, that application is found in places of large civilian population such as stations, airports, and subways in this region.

List of the Key Players Profiled in the Market Include:
• API Technologies Corp
• Armtrac Limited
• Chemring Group PLC
• Cobham Plc
• E. I. du Pont de Nemours and Company
• iRobot Corporation
• NABCO Inc
• Northrop Grumman Corporation
• Reamda Ltd.
• Safariland, LLC.
• ScannaMsc Ltd
• United Shield International Ltd

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others