The latest report by IMARC Group, titled “Counter-IED Market Report by Capability (Detection, Countermeasures), Deployment Type (Vehicle Mounted IED Detection System, Ship Mounted IED Detection System, Aircraft Mounted IED Detection System, Handheld IED Detection System, and Others), Application (Military, Homeland Security), and Region 2024-2032“, The global counter-IED market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2032, exhibiting a growth rate (CAGR) of 1.7% during 2024-2032.
Counter-improvised explosive devices (IEDs) are specialized equipment that military and homeland security organizations use to combat explosive device threats. Remote triggering of IEDs using mobile phones and wristwatches poses a significant challenge for defense agencies. Mine-resistant lightweight vehicles and battle tanks are employed for IED detection systems to address this challenge. They are deployed mainly on vehicles, ships, and aircraft. For example, electronic explosive detection devices, neutralizing improvised explosive devices (NIED), and jammers are installed in lightweight vehicles and battle tanks to track the location and prevent underground explosives from detonating. Such devices are essential in battlefield operations and law enforcement operations for the disposal of IEDs. Counter-IED measures are primarily adopted to combat IED threats in defense, counterinsurgency, and counter-terrorism operations. They provide advanced countermeasures to reduce damage to private and public properties and minimize casualties in the battlefield. At present, counter-IEDs are gaining immense traction in the military and defense sectors due to the rising incidence of terror attacks across the globe.
Counter-IED Market Trends and Drivers:
The global counter-IED market is primarily driven by the increasing criminal and terrorism activities worldwide and the rising need for security solutions against terrorist groups. Along with this, the surging use of counter-IED measures by public and private organizations of various nations to safeguard their operations and prevent terror attacks is positively influencing market growth. Moreover, several favorable policies implemented by governments of numerous countries aimed at reducing cross-border insurgencies and promoting national security have accelerated the product adoption rate. In addition, the development of unmanned vehicle-mounted systems for counter-IED operations by various developing nations is another major growth-inducing factor. Besides this, numerous technological advancements, including the launch of ground-penetrating radar (GPR), biological detection systems, and nuclear, seismic, and thermal detection sensors, are propelling the market growth. Apart from this, several favorable initiatives by governing agencies to improve defense infrastructure, modernize military systems, and support research and development (R&D) activities have catalyzed market growth. Additionally, the introduction of automated data-collection techniques, along with considerable research on data integration methods from various sources into a single interface structure, has fueled the market growth. Furthermore, the rising number of IED threat events across the world, particularly in the conflict zones, including Iraq, Afghanistan, and other regions of the Middle East, has augmented the demand for the counter-EID system. In line with this, extensive investments by the defense sector to identify the various types of IED threats to minimize losses are contributing to market growth. Other factors, including increasing conflicts and territorial disputes between various nations, improvements in analytical techniques, and increasing focus on improving national security and safety, are also anticipated to drive the market further.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/counter-ied-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Capability:
- Detection
- Countermeasures
Breakup by Deployment Type:
- Vehicle Mounted IED Detection System
- Ship Mounted IED Detection System
- Aircraft Mounted IED Detection System
- Handheld IED Detection System
- Others
Breakup by Application:
- Military
- Homeland Security
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Allen-Vanguard Corporation
- BAE Systems Land & Armaments Inc.
- Chemring Group Plc
- Elbit Systems Ltd.
- L3 Technologies Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies (United Technologies Corporation)
- Rheinmetall Aktiengesellschaft
- Sierra Nevada Corporation
- Thales Group.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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