Global Counter-IED Systems Market Overview:
Counter IED system is a device placed in an improvised manner and designed to destroy property or incapacitate people and vehicles. Globally, the use of IEDs has trended upward in frequency and magnitude. IEDs, are the weapons used by insurgents which have led to massive damages to the military and civilians. Improvised Explosive Devices (IEDs) continue to be the weapon of choice for adversary networks and this phenomenon is likely to continue for decades. The design of IEDs and the activated systems used range from the simple to the technologically developed.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Technological Advancements in Counter-IED Equipment and Devices
Market Growth Drivers:
Increasing Demand across a Broad Range of Products and Increasing Military Spending
Restraints:
High Cost related to Counter-IED
Opportunities:
Modernization of Armed Forces in Developing Countries and Upsurge in the Military Expenditure of Different Countries
Competitive Landscape:
market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Allen-Vanguard Corporation (Canada), BAE Systems (United Kingdom), Elisra (Israel), Force Protection Inc. (United States), Foster-Miller Inc. (United States), Israel Aerospace Industries (Israel), Defence Land Systems India (DLSI) (India), General Dynamics (United States), Thales Group (France), iRobot Corporation (United States), Rheinmetall Defence (Germany), Boeing Defense (United States), Elbit Systems (Israel) and ITT Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Oshkosh Defense (United States) and SRCTec (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Counter-IED Systems market by 2028. Considering Market by End Use, the sub-segment i.e. Homeland Security will boost the Counter-IED Systems market.
Latest Market Insights:
On July 8, 2019 - ITT Inc. announced that it has acquired Matrix Composites, Inc., a specialty aerospace component manufacturer. The acquisition aligns with ITT's growth strategy focused on enhancing its product portfolio with innovative, technologically differentiated businesses.
In November 2022, Boeing launched a new airplane program until the next decade, CEO David Calhoun is signaling he content to see the company shrivel into a distant number two position after Airbus.
What Can be Explored with the Counter-IED Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Counter-IED Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Counter-IED Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Counter-IED Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Counter-IED Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Counter-IED Systems, Suppliers of Counter-IED Systems, Wholesalers, Distributors and Retailers of Counter-IED Systems, Defense Sector and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.