Counter-IED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Counter-IED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global counter-IED market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.1% during 2023-2028.

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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global counter-IED market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on capability, deployment type and application.

Breakup by Capability:

Detection
Countermeasures

Breakup by Deployment Type:

Vehicle Mounted IED Detection System
Ship Mounted IED Detection System
Aircraft Mounted IED Detection System
Handheld IED Detection System
Others

Breakup by Application:

Military
Homeland Security

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
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?