The Counter-IED Global Market Report 2023, provides comprehensive information on the counter-IED market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Counter-IED Global Market Report 2023, the market is expected to grow from $1.39 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The counter-IED market is expected to reach $1.52 billion in 2027 at a CAGR of 1.7%.
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Innovative technologies are a key trend gaining popularity in the counter-IED market. Major companies operating in the counter-IED market are adopting new technologies to sustain their position in the market. For instance, in March 2020, Pearson Engineering, a UK-based defense technology company, launched a route-clearance multi-tool system. The RP&C (route proving and clearance) multi-tool offers military commanders a route-clearing option without requiring several vehicles for countermine and IED [improvised explosive device] operations. The RP&C is equipped with components, such as ground-penetrating radar (GPR) at the front of the system, to find hidden metallic and non-metallic threats. This multi-tool contains a heavy-duty, dexterous manipulator arm that can hold GPR, metal detectors, infrared vision systems, a raman spectrometer, and other detect, Protect, and defeat instruments.
The counter-IED market is segmented:
1) By Capability: Detection, Counter Measures
2) By Deployment Type: Vehicle Mounted IED Detection System, Ship Mounted IED Detection System, Aircraft Mounted IED Detection System, Handheld IED Detection System, Other Deployment Types
3) By Application: Military, Homeland Security
North America was the largest region in the counter-IED market in 2022.
The table of contents in TBRC’s counter-IED market report includes:
- Executive Summary
- Counter-IED Market Characteristics
- Counter-IED Market Trends And Strategies
- Counter-IED Market – Macro Economic Scenario
- Global Counter-IED Market Size and Growth
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- Global Counter-IED Market Competitive Benchmarking
- Global Counter-IED Market Competitive Dashboard
- Key Mergers And Acquisitions In The Counter-IED Market
- Counter-IED Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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