Counter-IED Market Scenario
Increasing terrorist activities worldwide coupled with technological advancement in IED detection systems are some of the major factors propelling the counter-IED market globally. Furthermore, asymmetric warfare leading to increase in IED blast is also one of the factor propelling the growth of counter-IED market. However, high research and development cost is one of the major factor anticipated to hamper the global growth of the market.
Counter-IED Market Segmentation
The Counter-IED Market is segmented by Capability, Deployment, End-User and Geography. The Capability studied in the counter-IED market are Detection (Ads-Above-Surface Detection System, Mids-Underground Mine and IED Detection System, Stand-Off IED Detector and Remote IED Detection Equipment) and Countermeasure (Jammers and Neutralization). Furthermore, the Deployment comprises of Vehicle Mounted (Armored Vehicles and Unmanned Ground Vehicles), Ship Mounted (Naval Vessels and Unmanned Maritime Vehicles (UMV)), Airborne Mounted (Aircraft, Aerostat and Unmanned Aerial Vehicle (UAV)), Handheld and Others. In addition, various End-User of this market are Military and Homeland Security. Based on Geography, the Counter-IED Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Counter-IED Market by Geography
Based on geography, the counter-IED market is studied across the countries of key APAC, North America, Europe and RoW. The APAC is projected to grow at a fastest CAGR during the review period. The growing use of improvised explosive devices (IEDs) in terror attacks and increasing defense spending in the emerging countries of the Asia Pacific region are the factors expected to drive the growth of the Asia Pacific counter-IED market during the forecast period.
Counter-IED Market Key Players
Some of the major players operating in the global counter-IED market includes ABB Ltd., Dubai Cable Company (Private) Ltd., EL Sewedy Electric Company, Leoni AG, Tele-Fonika Kable Sa, Tpc Wire & Cable Corp., General Cable Corporation, Hebei New Baofeng Wire & Cable Co., Ltd., Kabelwerke Brugg AG, LS Cable & System Ltd., NKT Group, Nexans S.A., Prysmian S.P.A., Southwire Company, LLC and Sumitomo Electric Industries, Ltd.. The company mainly pursues product launches and expansions as its growth strategy in order to widen its sales and distribution network.
Counter-IED Market Report Key Benefits