Global Counter IED Market Analysis by operation (detection and countermeasures), by deployment (vehicle mounted, ship mounted, air-mounted and others) and by end-use (military and home land security) and Forecast 2018-2025 • Detection • Vehicle mounted
IED’s also termed as improvised explosive devices is an unconventional explosive weapon which have led to immense damage to military and civilians. It can be primarily controlled from distant location via electronic remote control. The production of IED comprises of materials ranging from complex machinery to simple daily use objects. The increased research and development in the defence sector coupled with aim to reduce the overall damage caused by IEDs have led to development of Counter improvised explosive devices (CIED). These systems are usually vehicle mounted or man portable mainly adapted to counter remote control IED.
The major factors driving the growth of global Counter IEDs market are increasing regional disputes, advancement in technology and growing internal security threats. Rising IED attacks has also led to the adoption of Counter IEDs specifically for maintaining global peace, thus significantly contributing in market growth. Major defence forces are also facilitating in the market growth by spending on this technology. For instance in June 2015, Government of Australia announced its investment of $ 50 million on counter IED kits for Afghan national security. However, high research and development cost involved in the manufacturing of technology may significantly affect the market growth in a negative manner.
Global counter IED market is mainly segmented on the basis of operation, deployment and end-user. On the basis of operations, market is bifurcated into: detection and countermeasures, while based on deployment it is segmented into: vehicle mounted, ship mounted, air-mounted and others. Based on adoption by end-user market is bifurcated into: military and home land security.
The regional analysis of market mainly covers: North America, Europe, Asia Pacific and LAMEA. Among the following regions analysed, it is observed that immense investment in the defence sector specifically by the developing economies such as China and India is mainly driving the growth of Asia Pacific. In March 2018, China announced 8.1% increase in the defence budget for 2018 accounting to a total of $175 billion. North America and European market is mainly influenced by rapid technological advancement and presence of major companies in the region.
The major players operating in the market are: Lockheed Martin Corporation (U.S.), General Dynamics Corporation (U.S.), Allen-Vanguard (Canada), Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), Chemring Group (U.K), Thales Group (France), Harris Corporation (U.S.), Sierra Nevada Corporation (U.S.), and L3 Technologies, Inc. (U.S.).
Global Counter IED Market Segmentation:
• Ship mounted
• Home land security
• North America (U.S and Canada and rest of North America)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
Global Counter IED Market Analysis by operation (detection and countermeasures), by deployment (vehicle mounted, ship mounted, air-mounted and others) and by end-use (military and home land security) and Forecast 2018-2025
• Vehicle mounted
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