Explosive Ordnance Disposal Equipment Market Overview:
The Explosive Ordnance Disposal Equipment Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Explosive Ordnance Disposal Equipment Market, as well as the causes for variances in the industry’s growth in different regions.
The Explosive Ordnance Disposal Equipment Market was valued at US$ 9.28 Billion in 2022. Defense is one of the segments reviewed in the MMR report dominating the global Explosive Ordnance Disposal Equipment Market.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
The growing need for military ground robots has given EOD equipment a new revenue source to consider. Programmable explosive ordnance disposal robots are gaining popularity among military & law enforcement agencies throughout the world, as they are far safer than physically defusing bombs & other explosives. As a result, the second reason boosting demand for explosive ordnance disposal equipment is the rise in terrorist acts. Due to the huge number of terrorist groups carrying out both coordinated and unstructured terror acts, defence agencies must increase their efforts to protect civilian areas from attacks.
The defence sector has long been the major buyer of EOD equipment. The defence segment accounted for 76.5 % of the revenue made by EOD equipment manufacturers in the year 2022. By the end of 2029, this market share is likely to grow even further. Many governments, mainly those in developed economic regions, are pushing for army upgrading projects that comprise the employment of EOD robots as well as other counter-terrorism equipment & techniques. The employment of EOD technology in the defence sector is particularly high in urban combat, where terrorist assaults must be dealt with quickly and efficiently.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Explosive Ordnance Disposal Equipment Market are as follows:
• iRobot Corporation
• Safariland, LLC
• Northrop Grumman Corporation
• Scanna Msc Ltd., NABCO, Inc.
• United Shield International Ltd
• Reamda Ltd.
• API Technologies Corp
• Du Pont (E.I.) De Nemours
• Cobham plc
• ALCOR
• Microsoft
• Yamaha
• BASF Shell
• IBM
• Samsung
• Siemens
• Hitachi.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Explosive Ordnance Disposal Equipment Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Explosive Ordnance Disposal Equipment Market:
End-user industries where the Explosive Ordnance Disposal Equipment Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Explosive Ordnance Disposal Equipment Market manufacturers, influencing the development of the Explosive Ordnance Disposal Equipment Market in 2020. End-user business demand for Explosive Ordnance Disposal Equipment Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Explosive Ordnance Disposal Equipment Market Report are:
In 2021, which segment held the highest proportion of the Explosive Ordnance Disposal Equipment Market?
What is the Explosive Ordnance Disposal Equipment Market’s competitive landscape?
What are the primary drivers assisting the Explosive Ordnance Disposal Equipment Market growth?
Which region has the most market share in the Explosive Ordnance Disposal Equipment Market?
What will be the Explosive Ordnance Disposal Equipment Market’s CAGR throughout the projected period?
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