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Rising Military Expenditure Boosting The Future Of Counter-IED Market: Critical Driver Shaping the Counter-IED Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Counter-IED Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a marginal increase in the size of the counter-IED market in the past few years. It is projected to increase from $1.41 billion in 2024 to $1.43 billion in 2025, recording a compound annual growth rate (CAGR) of 1.4%. This growth during the historic period is principally due to factors such as the menace of global terrorism, military interventions in areas experiencing conflicts, government initiatives and expenditure, advancements in IED technology, and international cooperative efforts.
Counter-IED Market Size Forecast: What's the Projected Valuation by 2029?
Over the coming years, a steady expansion is projected for the counter-IED market. With a compound annual growth rate (CAGR) of 2.4%, it is predicted to rise to $1.57 billion by 2029. Factors contributing to this expected growth during the forecast period include military modernisation initiatives, challenges in urban warfare, protection of key infrastructures, and the use of unmanned systems. Some of the key trends expected during this period encompass improved CBRNE detection abilities, global cooperation in combating terrorism, focusing on interrupting supply chains, developing compact and transportable solutions, the implementation of machine learning in threat analysis, and the incorporation of multi-sensor fusion.
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What Are the Drivers Transforming the Counter-IED Market?
A surge in military expenditure is anticipated to fuel the expansion of the counter-IED market in the near future. These expenditures can be defined as a nation's financial allocations towards military endeavors or resources. This includes funding for armed forces, peacekeeping personnel, along with all forms of current and capital expenditures. Counter-IED gear performs a crucial role in broader counterterrorism, counterinsurgency, or law enforcement operations as they are used to spot explosives and explosive precursor components from afar and annihilate actual improvised explosive devices (IEDs). For instance, the Stockholm International Peace Research Institute, a globally reputed, independent institution located in Sweden, reported in April 2022 that international military expenditure showed steady growth in 2021. The total global expenditure on military increased by a real-term rate of 0.7% in 2021, totaling $2,113 billion. This rise in military expenditure is playing a critical role in fostering the growth of the counter-IED market.
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What Long-Term Trends Will Define the Future of the Counter-IED Market?
Leading businesses in the counter-IED sector, like C-Guard Microsystems, are focusing on designing innovative solutions. A manpack counter-IED device is a portable or wearable device that is specifically engineered to counter Improvised Explosive Devices (IEDs). These devices are built to be carried by individuals, primarily military or safety personnel, with the intention to detect, neutralize or reduce the risks associated with IEDs. For example, Netline Communications Technologies Ltd., a company based in Israel that manufactures electronic countermeasures, unveiled the 'C-Guard Modular Manpack' in November 2023. This Electronic Warfare (EW) system is designed to handle problems posed by IEDs and hostile drones. The compact and portable Electronic Countermeasure (ECM) unit is designed for military and law enforcement use. It brings robust jamming capabilities, making it adaptable for a variety of situations, such as combating terrorism.
Which Segments in the Counter-IED Market Offer the Most Profit Potential?
The counter-IED market covered in this report 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
Subsegments:
1) By Detection: Ground-Based Detection Systems, Airborne Detection Systems, Handheld Detection Devices, Fixed Detection Systems
2) By Counter Measures: Jamming Systems, Disruption Systems, Neutralization Systems, Robotic Counter-LED Systems
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Which Firms Dominate the Counter-IED Market by Market Share and Revenue in 2025?
Major companies operating in the counter-IED market include Raytheon Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Thales Group, L3Harris Technologies Inc., Leonardo SpA, BAE Systems Land & Armaments Inc., Oshkosh Defense LLC, Rheinmetall AG, Elbit Systems Inc., Israel Aerospace Industries Ltd., Saab AB, Sierra Nevada Corporation, QinetiQ Group plc, Mobility Engineering Technology, Chemring Group plc, SRC Inc., Safariland LLC, Navistar Defense LLC, NIMR Automotive LLC, ECA Group, Revision Military Inc., Allen-Vanguard Corporation, Cobham plc, ArmorSource LLC, Point Blank Enterprises Inc., Netline Communication Technologies
Which Regions Offer the Highest Growth Potential in the Counter-IED Market?
North America was the largest region in the counter IED market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the counter-IED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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IED Detection System Market 2017 New Investment Projects Review
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
BAE Systems
Israel Aerospace Industries (IAI)
Raytheon
Northrop Grumman
L-3 Communcations Holdings INC
ITT Exelis
General Dynamics
Schiebel Gmbh
DCD Group
Chemring Group
For more information about this report at http://www.reportsweb.com/global-ied-detection-system-market-professional-survey-report-2017
By types, the market can be split into
Handheld IED Detection System
Vehicle Mounted IED Detection System
Robotics IED Detection System
Biosensors IED Detection System
By Application, the market can be split into
Defense
Homeland Security
Other
By…