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Counter-IED Market Share, Size, Growth Strategies And Demand Factors Report To 2032
Counter-IED Global Market
The Business Research Company's Counter-IED Global Market Report 2023 identifies The increase in military spending as the major driver for the Counter-IED market's growth in the forecast period. Military spending refers to a country's spending on military measures or resources. The military spending includes investment in armed forces, including peacekeeping troops, which consists of all current and capital spending. Counter-IED equipment is employed as part of a larger counterterrorism, counterinsurgency, or law enforcement effort to identify explosives and explosive precursor components from a distance and destroy the actual improvised explosive device (IED) devices.
The global counter-IED market is expected to grow from $1.39 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The counter-IED market is expected to reach $1.52 billion in 2027 at a CAGR of 1.7%.
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Major competitors in the Counter-IED market are Raytheon Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Thales Group.
A key trend in the Counter-IED market includes Innovative technologies. Major companies operating in the counter-IED market are adopting new technologies to sustain their position in the market.
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https://www.thebusinessresearchcompany.com/report/counter-ied-global-market-report
The Counter-IED market is segmented -
1) By Capability: Detection, Counter Measures
2) By Deployment Type: Vehicle Mounted IED Detection System, Ship Mounted IED Detection System, Aircraft Mounted IED Detection System, Handheld IED Detection System, Other Deployment Types
3) By Application: Military, Homeland Security
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Counter-IED market.
The Business Research Company's "Global Counter-IED Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Counter-IED Market Include:
1. Executive Summary
2. Counter-Ied Market Characteristics
3. Counter-Ied Market Trends And Strategies
4. Counter-Ied Market - Macro Economic Scenario
5. Counter-Ied Market Size And Growth
……
27. Counter-Ied Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Counter-Ied Market
29. Counter-Ied Market Future Outlook And Potential Analysis
30. Appendix
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