Market Overview:
The global counter-IED market is expected to grow from USD 5.27 billion in 2018 to USD 10.06 billion by 2030, at a CAGR of 7.92% during the forecast period. The growth of the global counter-IED market can be attributed to the increasing terrorist threats and attacks across the world, and rising investments by governments for homeland security and military applications. Based on type, the global counter-IED market is segmented into vehicle mounted, ship mounted, airborne mounted, and handheld devices. The vehicle mounted segment is expected to account for the largest share of the global counter-IED market in 2018. This growth can be attributed to increasing demand for these devices from militaries across different countries for protection against improvised explosive devices (IEDs). Based on application, the global counter-IED market is segmented into military and homeland security applications. The military application segment is expected to account for a larger share oftheglobalcounter- IEDmarketin2018 .
Product Definition:
A counter-IED (C-IED) is any device or technique that counters the effects of an improvised explosive device (IED). C-IED efforts are aimed at reducing the vulnerability of targets to IED threats, and minimizing casualties from such devices.
Vehicle Mounted:
Vehicle Mounted Devices (VMD) are a new trend in the counter-IED market and have been gaining acceptance globally. The demand for VMDs has grown rapidly since their inception owing to increased awareness of the threat of IEDs, coupled with an upsurge in terrorist activities worldwide. However, there is still some uncertainty regarding the exact nature of IEDs that may cause damage to vehicles; this could hamper growth prospects for vehicle mounted devices over the forecast period.
Ship Mounted:
The ship-mounted device is a technology that enables law enforcement and customs agents to detect the presence of IEDs (Improvised Explosive Devices) on or within a vessel without the need to go through the process of searching for it. The device works by detecting changes in electromagnetic radiation caused by charged particles within an IED when it is near enough to trigger an alarm.
Application Insights:
The application segment is segregated into military and homeland security. The military application dominated the global market in 2017, accounting for over 70% of the overall revenue share. Increasing cross-border conflicts, terrorism and rising IED threats have led to a rise in demand for counter-IED solutions across the defense sector globally. Moreover, governments are increasingly deploying these systems at airports to prevent Improvised Explosive Devices (IEDs) from being smuggled onto aircraft as they were done by Islamic State militants in Sinai airport attack on 31 October 2016.
The Homeland Security segment is expected to witness significant growth over the forecast period owing to increasing awareness campaigns against IEDs among civilians worldwide coupled with government initiatives taken up domestically against such threats.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being the most dominant country across the globe, has a strong presence across all regions and thus dominates this industry’s growth globally. However, it is expected to lose its lead over the forecast period as other countries are coming up with new technologies and mounting IEDs on vehicles and aircraft more effectively than Americans can do it alone.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to rising terrorist activities within its borders coupled with cross-border terrorism from Pakistan, China, India etc.; which have led governments across nations such as India & China & Japan to spend heavily on counter-IED technology development for effective action against these threats; thereby driving regional demand for counter-IED systems market growth. Moreover, increasing military expenditure by various nations including China along with growing homeland security spending will drive industry demand further over next eight years (2030).
Growth Factors:
- Increasing demand for counter-IED equipment and systems from military and homeland security agencies across the globe
- Proliferation of improvised explosive devices (IEDs) by terrorist organizations in various regions of the world
- Rising number of casualties and fatalities caused by IED blasts, which is compelling governments to invest in counter-IED technologies and solutions
- Growing awareness among end users about the benefits of using counter-IED equipment and systems
- Technological advancements in counter-IED products and solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Counter-IED Market Research Report
By Type
Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
By Application
Military, Homeland Security
By Companies
General Dynamics Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Raytheon Company, Chemring Group, Thales Group, L3 Technologies, Inc., Harris Corporation, Northrop Grumman Corporation, Allen-Vanguard Corporation, General Dynamics Corporation, Sierra Nevada Corporation, SRC, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Counter-IED Market Report Segments:
The global Counter-IED market is segmented on the basis of:
Types
Vehicle Mounted, Ship Mounted, Airborne Mounted, Handheld
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Homeland Security
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Dynamics Corporation
- Lockheed Martin Corporation
- Elbit Systems Ltd.
- Raytheon Company
- Chemring Group
- Thales Group
- L3 Technologies, Inc.
- Harris Corporation
- Northrop Grumman Corporation
- Allen-Vanguard Corporation
- General Dynamics Corporation
- Sierra Nevada Corporation
- SRC, Inc.
Highlights of The Counter-IED Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vehicle Mounted
- Ship Mounted
- Airborne Mounted
- Handheld
- By Application:
- Military
- Homeland Security
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Counter-IED Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Counter-IED is a military strategy that seeks to defeat or neutralize improvised explosive devices before they can be used in an attack. The strategy involves detecting and responding to IEDs before they are detonated, as well as destroying the devices once they have been detected.
Some of the major companies in the counter-ied market are General Dynamics Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Raytheon Company, Chemring Group, Thales Group, L3 Technologies, Inc., Harris Corporation, Northrop Grumman Corporation, Allen-Vanguard Corporation, General Dynamics Corporation, Sierra Nevada Corporation, SRC, Inc..
The counter-ied market is expected to grow at a compound annual growth rate of 7.92%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Counter-IED Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Counter-IED Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Counter-IED Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Counter-IED Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Counter-IED Market Size & Forecast, 2018-2028
4.5.1 Counter-IED Market Size and Y-o-Y Growth
4.5.2 Counter-IED Market Absolute $ Opportunity
Chapter 5 Global Counter-IED Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Counter-IED Market Size Forecast by Type
5.2.1 Vehicle Mounted
5.2.2 Ship Mounted
5.2.3 Airborne Mounted
5.2.4 Handheld
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Counter-IED Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Counter-IED Market Size Forecast by Applications
6.2.1 Military
6.2.2 Homeland Security
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Counter-IED Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Counter-IED Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Counter-IED Analysis and Forecast
9.1 Introduction
9.2 North America Counter-IED Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Counter-IED Market Size Forecast by Type
9.6.1 Vehicle Mounted
9.6.2 Ship Mounted
9.6.3 Airborne Mounted
9.6.4 Handheld
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Counter-IED Market Size Forecast by Applications
9.10.1 Military
9.10.2 Homeland Security
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Counter-IED Analysis and Forecast
10.1 Introduction
10.2 Europe Counter-IED Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Counter-IED Market Size Forecast by Type
10.6.1 Vehicle Mounted
10.6.2 Ship Mounted
10.6.3 Airborne Mounted
10.6.4 Handheld
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Counter-IED Market Size Forecast by Applications
10.10.1 Military
10.10.2 Homeland Security
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Counter-IED Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Counter-IED Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Counter-IED Market Size Forecast by Type
11.6.1 Vehicle Mounted
11.6.2 Ship Mounted
11.6.3 Airborne Mounted
11.6.4 Handheld
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Counter-IED Market Size Forecast by Applications
11.10.1 Military
11.10.2 Homeland Security
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Counter-IED Analysis and Forecast
12.1 Introduction
12.2 Latin America Counter-IED Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Counter-IED Market Size Forecast by Type
12.6.1 Vehicle Mounted
12.6.2 Ship Mounted
12.6.3 Airborne Mounted
12.6.4 Handheld
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Counter-IED Market Size Forecast by Applications
12.10.1 Military
12.10.2 Homeland Security
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Counter-IED Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Counter-IED Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Counter-IED Market Size Forecast by Type
13.6.1 Vehicle Mounted
13.6.2 Ship Mounted
13.6.3 Airborne Mounted
13.6.4 Handheld
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Counter-IED Market Size Forecast by Applications
13.10.1 Military
13.10.2 Homeland Security
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Counter-IED Market: Competitive Dashboard
14.2 Global Counter-IED Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Dynamics Corporation
14.3.2 Lockheed Martin Corporation
14.3.3 Elbit Systems Ltd.
14.3.4 Raytheon Company
14.3.5 Chemring Group
14.3.6 Thales Group
14.3.7 L3 Technologies, Inc.
14.3.8 Harris Corporation
14.3.9 Northrop Grumman Corporation
14.3.10 Allen-Vanguard Corporation
14.3.11 General Dynamics Corporation
14.3.12 Sierra Nevada Corporation
14.3.13 SRC, Inc.
