Explosive Ordnance Disposal Equipment Market Expected to Achieve 4.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Explosive Ordnance Disposal Equipment Market Size By 2025?
There has been a consistent increase in the size of the explosive ordnance disposal equipment market in the last few years. The market is predicted to expand from $6.08 billion in 2024 to $6.24 billion in 2025, with a compound annual growth rate (CAGR) of 2.7%. The rise during the historical period can be credited to factors such as rising global security issues, growing threats of IEDs, initiatives for homeland security, humanitarian demining efforts, military upgradation plans, and enhancements in training schemes.

How Big Is the Explosive Ordnance Disposal Equipment Market Size Expected to Grow by 2029?
There is an anticipated stable expansion in the market of explosive ordnance disposal equipment in the upcoming years. The market value is predicted to reach $7.5 billion by 2029, experiencing a compound annual growth rate (CAGR) of 4.7%. This growth during the projected period can be credited to factors such as versatile EOD systems, emphasis on lighter materials, global efforts towards demining and clearance, applications in public safety, and modular as well as interoperable systems. Key trends in the prediction period encompass advancements in robotic technology, the incorporation of artificial intelligence (AI), portability and lightweight equipment, advancements in detection and imaging tech, along with remote sensing and reconnaissance.

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Which Key Market Drivers Powering Explosive Ordnance Disposal Equipment Market Expansion and Growth?
The rise in terrorist activities is anticipated to fuel the growth of the explosive ordnance disposal equipment market. The deliberate use of violence and threats with political, religious, or ideological motives triggers fear and coercion among the public and is recognized as terrorist activity. Specialists employ explosive ordnance disposal (EOD) equipment to securely detect, remove, and annihilate hazardous armaments such as landmines and other explosive leftovers. For instance, the Global Terrorism Index 2023, released by the Institute for Economics & Peace, a research and education think tank located in Australia, revealed that in March 2023 the lethality of terrorist attacks increased, averaging 1.7 fatalities per event, a rise from 1.3 deaths per attack witnessed in 2021. Consequently, the escalation in terrorist activities is dictating the expansion of the explosive ordnance disposal equipment market.

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Which Fast-Growing Trends Are Poised to Disrupt the Explosive Ordnance Disposal Equipment Market?
Leading entities in the explosive ordnance disposal equipment market are focusing their resources on creating advanced solutions like chemical agent identifiers. This instrument or device is designed to identify and detect hazardous substances or chemical agents. For example, in March 2023, Smiths Detection, a global pioneer in screening technologies based in the UK, introduced the 'Lightweight Chemical Detector (LCD) 4'. This latest version of the body-worn toxic chemical detector is able to identify even the most lethal chemical agents. It has been engineered to facilitate mobile detection of explosives, narcotics, and extremely toxic chemicals.

What Are the Emerging Segments in the Explosive Ordnance Disposal Equipment Market?
The explosive ordnance disposal equipmentmarket covered in this report is segmented -

1) By Equipment Type: Portable X-Ray Systems, Projected Water Disrupters, Bomb Containment Chambers, EOD Suits And Blankets, EOD Robots, Explosive Detectors, Search Mirrors, Other Equipment Types
2) By Technology: Trace, Bulk
3) By Application: Defense, Law Enforcement

Subsegments:
1) By Portable X-Ray Systems: Digital X-Ray Systems, Analog X-Ray Systems
2) By Projected Water Disrupters: Standard Water Disrupters, Long-Range Water Disrupters
3) By Bomb Containment Chambers: Standard Bomb Containment Chambers, Mobile Bomb Containment Chambers
4) By EOD Suits And Blankets: Bomb Disposal Suits, Blast Blankets, Ballistic Blankets
5) By EOD Robots: Teleoperated Robots, Autonomous Robots
6) By Explosive Detectors: Metal Detectors, Chemical Detectors, Vapor Detectors
7) By Search Mirrors: Standard Search Mirrors, Adjustable Search Mirrors
8) By Other Equipment Types: X-Ray Inspection Systems, Ground Penetrating Radar (GPR), Disruption Tools

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Who Are the Global Leaders in the Explosive Ordnance Disposal Equipment Market?
Major companies operating in the explosive ordnance disposal equipment market include Northrop Grumman Corporation, Reamda Limited, NABCO Incorporated, Scanna MSC Limited, iRobot Corporation, API Technologies Corp., E. I. du Pont de Nemours and Company (DuPont), Cobham Plc., Chemring Group plc, United Shield International Limited, Armtrac Limited, Med-Eng. Holdings ULC, Westminster International Limited, ALCOR System Inc., API Microelectronics Limited, L3Harris Technologies Inc., FLIR Systems Inc., Safariland LLC, Allen Vanguard Corporation, Avon Protection Systems Inc., BBI Detection Systems Ltd., Bruker Detection Corporation, Brogan Industries Inc., Novatel Inc., Beijing Huaxin Kangbao Technology Co. Ltd., Nanjing Qiaohua Robotics Technology Co. Ltd., Hangzhou Qiandong Special Machinery Co. Ltd., Changsha JingAn Jian'an Technology Co.Ltd., General Electric Company

Which are the Top Profitable Regional Markets for the Explosive Ordnance Disposal Equipment Industry?
North America was the largest region in the explosive ordnance disposal equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global explosive ordnance disposal equipment market during the forecast period. The regions covered in the explosive ordnance disposal equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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