Global Explosive Ordnance Disposal Equipment Market Revenue, Opportunity, Segment and Key Trends 2018-2024

We have produced a new premium report Explosive Ordnance Disposal Equipment Market. The report covers the analysis of global as well as regional markets of Explosive Ordnance Disposal Equipment. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Explosive Ordnance Disposal Equipment Market by equipment type (portable x-ray systems, eod suits and blankets, eod robots, projected water disruptors, bomb containment chambers and projected water disruptors) and application (defense and law enforcement) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the Explosive Ordnance Disposal Equipment Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Explosive Ordnance Disposal Equipment Market are Northrop Grumman Corporation, Reamda Ltd., ScannaMsc Ltd, NABCO Inc, United Shield International Ltd., API Technologies Corp, Du Pont (E.I.) De Nemours, Cobham plc, iRobot Corporation and Safariland, LLC. the global explosive ordnance disposal equipment market is projected to grow at a CAGR of 4.1% over the forecast period of 2018-2024.

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Growth in the EOD Equipment to Promote Growth in the Explosive Ordnance Disposal Equipment Market Over 2018 to 2024

Rising terrorist activities and instances of cross border conflicts in various regions across the world have led to increased usage of explosives across the border. This, in turn, is anticipated to be a major driving factor for the growth of the explosive ordnance disposal equipment market. Additionally, growth in the overall EOD equipment market includes modernization programs in various military and law enforcement agencies that are likely to fuel the growth of the market over the upcoming years. However, High cost of this equipment’s and heavy investments made by the leading governments that are not properly utilized to their full potential is anticipated to hamper the growth of the explosive ordnance disposal market over the forecast period.

On the other hand, an increasing number of instances of terrorist attacks is also expected to boost the demand for explosive modernization disposal equipment globally. Furthermore, military enhancement activities have opened several doors of opportunities for the explosive ordnance disposal equipment market over the upcoming year’s. Moreover, the surge in technical advances in armor and containment have resulted in rising in popularity of the explosive ordnance disposal market worldwide.

North America Region to Contribute to Growth in the Global Explosive Ordnance Disposal Equipment Market over the Upcoming Years

North America dominated the explosive ordnance disposal market in terms of revenue. Pooja Baragale a research analyst at Infinium Global Research quoted that North America is expected to establish high demand for the equipment such as portable X-rays and EOD robots. Portable X-ray systems are majorly designed for detecting hidden explosives. Pooja Baragale further quoted that North America has invested heavily in soldier modernization, including tough warfare training and the provision of advanced equipment, including explosive ordnance disposal equipment due to high importance given to defense and law enforcement activities by the U.S. government.

New product Launches to Feature in the Global Explosive Ordnance Disposal Equipment Market Between 2018 and 2024

Nomex® and Kevlar® are the products offered by du Pont that offers unique material combinations for EOD suit designs helping to allow for an appropriate balance of price and performance. In addition, DuPont has developed ballistic scaling rules that can help manufacturers design to specific threat requirements using ballistic elements made of Kevlar® fiber.

The prominent players identified in the explosive ordnance disposal market are Northrop Grumman Corporation, E. I. du Pont de Nemours and Company and Armtrac Limited, Reamda Ltd., ScannaMsc Ltd., NABCO Inc., United Shield International Ltd., API Technologies Corp., Cobham plc, iRobot Corporation, and Safariland, LLC.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global explosive ordnance disposal equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of explosive ordnance disposal equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the explosive ordnance disposal equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the explosive ordnance disposal equipment market to understand the present and future trends in this market and formulate their strategies accordingly.

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