Industry Background:
Increasingly using improvised explosive devices (IEDs) against government forces and civilians. The ease of access to mechanisms and low-tech assembly necessities have fuelled the proliferation of these weapons. Explosive items such as military demolition materials, small-arms ammunition, and large-calibre ammunition including artillery shells and mortar bombs are all useful components for IED fabrication.This growth is primarily driven by Rising Number of Terrorist Attacks and Increasing Demand for Advanced Military Equipment.
Globally, a noticeable market trend is evident Rising Technological Advancements in Counter-IED Equipment and Devices. Major Manufacturers, such as Allen-Vanguard Corporation (Canada), General Dynamics Corporation (United States), Lockheed Martin Corporation (United States), Chemring Group PLC (United Kingdom), Raytheon Company (United States), Northrup Grumman Corporation (United States), Elbit Systems Ltd. (Israel), Sierra Nevada Corporation (United States), L3 Technologies, Inc. (United States) and Harris Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On June 18, 2019 - L3 Technologies announced that it has signed a joint venture agreement with Saudi Arabian Military Industries (SAMI) to collaborate on electro-optical and infrared (EO/IR) and special mission systems projects within the Kingdom of Saudi Arabia (KSA).
Market Drivers
- Rising Number of Terrorist Attacks
- Increasing Demand for Advanced Military Equipment
Market Trend
- Rising Technological Advancements in Counter-IED Equipment and Devices
Restraints
- High Cost related to Counter-IED
Opportunities
Upsurge in the Military Expenditure of Different Countries and Growing Instances of Asymmetric Warfare
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Counter-IED Study Sheds Light on
The Counter-IED Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Counter-IED industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Counter-IED industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.