The Business Research Company’s Counter IEDGlobal Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Counter IEDGlobal Market Report 2023evaluates counter IED market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global counter-IED 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%.The increase in military spending is expected to propel the growth of the counter-IED market going forward. Military spending refers to a country’s spending on military measures or resources. The military spending includes investment in armed forces, including peacekeeping troops, which consists of all current and capital spending. Counter-IED equipment is employed as part of a larger counterterrorism, counterinsurgency, or law enforcement effort to identify explosives and explosive precursor components from a distance and destroy the actual improvised explosive device (IED) devices. For instance, in April 2022, according to the Stockholm International Peace Research Institute, a Sweden-based institute and independent resource on global security, world military spending continued to grow in 2021, total global military expenditure increased by 0.7% in real terms in 2021 to reach $2,113 billion. Therefore, the increase in military spending is driving the growth of the counter-IED market.
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The counter IED market segments in the report are:
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
The table of contents in TBRC’s counter IED market report includes:
1. Executive Summary
2. Counter-IED Market Characteristics
3. Counter-IED Market Trends And Strategies
4. Counter-IED Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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32. Global Counter-IED Market Competitive Benchmarking
33. Global Counter-IED Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Counter-IED Market
35. Counter-IED Market Future Outlook and Potential Analysis
36. Appendix
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