Counter-IED Market Growth to be Driven by Emerging Trends | $1.55 Billion by 2029

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What is the Projected Market Size of the Counter-IED Industry?
Over the past few years, there has been a slight expansion in the size of the counter-ied market. This market will see a growth from $1.41 billion in 2024 to $1.42 billion in 2025, with a compound annual growth rate (CAGR) of 0.7%. The surge during the historical period can be credited to worldwide terrorism threats, military activities in warring areas, government efforts and expenditure, an escalating complexity of IEDs, and global cooperation.

What Will Be the Size of the Counter-IED Market by 2029?
Anticipations suggest a consistent expansion of the counter-ied market in the upcoming years, with an estimated value of $1.55 billion by 2029 and a Compound Annual Growth Rate (CAGR) of 2.2%. The anticipated growth can be linked to advancements in military plans, challenges in urban warfare, the need for the protection of vital infrastructures, and the integration of unmanned systems. Key trends projected to appear during the forecast span include the enhancement of CBRNE detection capacity, worldwide collaboration in counter-terrorism activities, focus on disrupting supply chains, development of lightweight and transportable solutions, the use of machine learning in threat analysis, and the adaption of multi-sensor fusion.

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What Are the Key Drivers Accelerating Growth in the Counter-IED Market?
The growth of the counter-IED market is predicted to continue its upward trajectory due to rising military expenditure. The term military spending connotes a nation's financial commitments towards armed forces, peacekeeping troops, and other military assets and provisions. This not only takes care of the present spend but also future capital investments. One of the countermeasures designed to deal with terrorism, insurgency, or law enforcement is counter-IED equipment. Its role is to detect explosives and its precursor agents from a safe distance in order to destroy the IEDs. As an illustration, the Stockholm International Peace Research Institute, an independent research body headquartered in Sweden, reported in April 2022 that global military expenditure in 2021 maintained its growth momentum, increasing 0.7% in real terms to total $2,113 billion. Hence, the projected expansion in military spending is a significant factor fuelling the growth of the counter-IED market.

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How Is the Counter-IED Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Counter-IED Market?
Leading entities in the counter-IED industry, like C-Guard Microsystems, are concentrating on producing inventive solutions such as manpack counter-IED devices. These mobile and wearable gadgets are designed to counteract Improvised Explosive Devices (IEDs) and are usually carried by military or security personnel to detect, neutralize or lessen the threat of IEDs. For example, in November 2023, 'C-Guard Modular Manpack,' an Electronic Warfare (EW) system designed to deal with challenges posed by IEDs and enemy drones, was launched by Netline Communications Technologies Ltd., a company in Israel that manufactures electronic countermeasures. This system, designed for both military and law enforcement use, is compact, portable, and equipped with an Electronic Countermeasure (ECM) unit that provides all-encompassing jamming capabilities, making it ideal for various situations including counter-terrorism missions.

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Who Are the Leading Companies Driving Growth in the Counter-IED Market?
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 Is the Leading Region in the Global 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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