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Counter-IED Market worth $2.00 billion by 2030, growing at a CAGR of 4.18% - Exclusive Report by 360iResearch
Counter-IED Market | 360iResearch
The Global Counter-IED Market to grow from USD 1.50 billion in 2023 to USD 2.00 billion by 2030, at a CAGR of 4.18%.
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Counter-improvised explosive device (IED) strategies refer to the tactics, techniques, and technologies designed to detect, neutralize, and mitigate the threats posed by IEDs. These strategies include a wide range of activities, including intelligence gathering, surveillance, detection technology deployment, and the disarmament of explosive devices aimed at protecting military, civilian, and infrastructure assets. The rise in global terrorism acts, especially in conflict zones, has necessitated advancements in counter-IED measures to protect lives and infrastructure. Heightened spending on defense and homeland security by governments worldwide to counteract evolving threats directly stimulates the counter-IED market. Moreover, the increasing deployment of international forces on peacekeeping missions in post-conflict regions also drives the demand for effective counter-IED solutions. However, the adaptability and low-cost innovation of IEDs present continuous technical challenges in developing universally effective countermeasures. Additionally, the effectiveness of counter-IED technologies can be heavily influenced by geographic and environmental conditions, affecting their operational utility. However, key players are exploring the integration of AI and ML in detection systems for predictive analytics and enhanced detection capabilities, potentially outpacing the adaptability of threats. Enhanced cooperation among nations and between military and civilian agencies can foster the sharing of intelligence, technologies, and best practices, magnifying counter-IED efforts.
In the Americas region, particularly in the United States and Canada, the demand for advanced Counter-IED technologies is driven by both military and civilian law enforcement agencies and the presence of a highly developed military and defense capability. Recent patents emphasize innovations in drone-based detection systems and AI-powered analysis for predicting and neutralizing threats. Investment levels remain significantly high, with federal budgets allocating substantial resources towards R&D in defense technologies, including counter-IED solutions. APAC's landscape for counter-IED is experiencing significant growth due to several government investments and initiatives to upgrade military capabilities. There's a growing emphasis on homemade innovations, with recent patents showcasing advanced electronic countermeasures and robotic disposal systems. Japan's strategy in counter-IED efforts is primarily focused on technological advances in detection and neutralization systems, especially for use in public transportation and critical infrastructure. Japanese firms are leading in the development of non-invasive detection technologies, reflecting the country's purchasing trends towards less intrusive, highly efficient counter-IED measures. India faces a significant IED threat due to internal security challenges. The government's investment in counter-IED initiatives is substantial, with a focus on acquiring state-of-the-art detection and neutralization equipment. Within the EU, the counter-IED market is highly fragmented due to varying national security requirements. However, there is a strong trend towards adopting EU-wide standards for equipment and collaborative research projects funded through the European Defence Agency (EDA). Recent initiatives focus on advanced detection capabilities and interoperable technologies to enhance the mobility and efficiency of counter-IED operations.
Market Segmentation & Coverage:
This research report categorizes the Counter-IED Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Countermeasure Technology, market is studied across Bomb Disposal Robots, Electronic Countermeasures, Jamming Devices, Mine-Resistant Ambush Protected Vehicles, and Remote-Controlled Vehicles. The Electronic Countermeasures is projected to witness significant market share during forecast period.
Based on Deployment Type, market is studied across Fixed Installations, Portable/Handheld Devices, and Vehicle-Mounted Systems. The Vehicle-Mounted Systems is projected to witness significant market share during forecast period.
Based on End-use Sector, market is studied across Homeland Security, Law Enforcement, and Military & Defense. The Military & Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.94% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Counter-IED Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Counter-IED Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Counter-IED Market, highlighting leading vendors and their innovative profiles. These include Alford Technologies Ltd, Allen-Vanguard Corporation, ASELSAN A.Ş., BAE Systems plc, Chemring Group PLC, Cobham Limited, Elbit Systems Ltd., ELP GmbH, General Dynamics Corporation, HENSOLDT AG, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Netline Communications Technologies (NCT) Ltd., Northrop Grumman Corporation, Pearson Engineering Ltd by Rafael Advanced Defense Systems Ltd., QinetiQ Limited, Rheinmetall AG, RTX Corporation, Saab AB, Sierra Nevada Corporation, Teledyne FLIR LLC, Textron Systems Corporation, Thales Group, and The Boeing Company.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Counter-IED Market, by Countermeasure Technology
7. Counter-IED Market, by Deployment Type
8. Counter-IED Market, by End-use Sector
9. Americas Counter-IED Market
10. Asia-Pacific Counter-IED Market
11. Europe, Middle East & Africa Counter-IED Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Counter-IED Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Counter-IED Market?
3. What is the competitive strategic window for opportunities in the Counter-IED Market?
4. What are the technology trends and regulatory frameworks in the Counter-IED Market?
5. What is the market share of the leading vendors in the Counter-IED Market?
6. What modes and strategic moves are considered suitable for entering the Counter-IED Market?
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