Counter IED Market: was worth US$ 1.89 Bn. in 2021 and overall revenue is anticipated to rise at a rate of 2.5 % from 2021 to 2029, reaching almost US$ 2.30 Bn. by 2029.
Counter IED Market Overview:
Maximize Market Research’s new report, Global Counter IED Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Counter IED market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Counter IED market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Counter IED market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
by Capability
• Detection
• Countermeasures
• Jammers
• Neutralizer
The market is divided into Detection, Countermeasures, Jammers, and Neutralizers based on capability. The market was dominated by the detection sector, and it is anticipated that this trend would continue during the projection period. It is the primary source of revenue for the market, with products like metal detectors, x-ray scanners, robotic systems, and counter-UAS. The market for jammers is rising, thus a countermeasure is probably the capability class that is developing the fastest.
by Development
• Vehicle mounted
• Ship mounted
• Airborne mounted
• Handheld
The market is divided into Vehicle-mounted, Ship-mounted, Airborne-mounted, and Handheld segments based on development. During the projection period, the Airborne mounted deployment segment is anticipated to develop at the fastest pace of xx%. The military from various nations frequently uses aerial platforms to find underground improvised explosive devices (IEDs), which is what is driving the market’s expansion. These systems are enhanced with multiple sensor and payload capabilities to detect improvised explosive devices (IEDs) at varied ranges.
C-IEDs mounted on vehicles can be used for jamming, jamming, and/or detecting operations. They could consist of a variety of subsystems that let a single vehicle perform a number of different duties (detection and countermeasure). All the major players have vehicle-mounted C-IEDs for sale.
by Application
• Military
• Homeland security
The market is divided into two categories: Homeland security and Military, depending on the application. In 2021, the military is anticipated to dominate the counter-IED industry. Armed forces from all over the world are engaged in combat with insurgents, terrorists, and other non-state actors who utilise improvised explosive devices (IEDs) as a major weapon to increase casualties and damage to both public and private property. Because of the dangers that these improvised explosive devices (IEDs) pose, military from many different nations use a variety of counter-IED weapons.
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Key Players:
It then discusses the top competitors in the worldwide Counter IED market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
• Chemring Group PLC
• L3Harris Technologies
• Northrop Grumman Corporation
• Elbit Systems, Ltd.
• Lockheed Martin Corporation
• Sierra Nevada Corporation
• BAE Systems
• Thales Group
• QinetiQ
• General Dynamics Corporation
• Denel SOC Ltd.
• Lockheed Martin Corporation
• Raytheon Company
• Allen-Vanguard
• Parnisari Arms
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Regional Analysis:
The report has analyzed the global Counter IED market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Counter IED market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Counter IED Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Counter IED Market Report are:
- Which are the major companies in the Counter IED market?
- Which is the potential market for Counter IED in terms of the region?
- Which application area of Counter IED is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Counter IED market size by 2027?
- What are the growth prospects for the Counter IED market?
- What is the base year considered in the Counter IED market report?
- Which region holds the largest market share in the Counter IED market?
- What factors are anticipated to drive the Counter IED market?
