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

• The report offers changing market dynamics in the counter-IED market, presenting historical, current and projected market size in terms of value (USD Million)
• The report comprises a detailed analysis of the factors that drive and restrict the growth of the global counter-IED market
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of counter-IED
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the counter-IED market performance
• Key players within the global counter-IED market are profiled to understand the competitor scenario

Research Objectives of Counter-IED Market Report:

• Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the counter-IED Market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.