Overview and Scope
Explosive ordnance disposal equipment refers to equipment of military ammunition used by all three services by armies, navies and air forces. It allows operations to be conducted successfully and for real threats to be eliminated.
Sizing and Forecast
The explosive ordnance disposal equipment market size has grown steadily in recent years. It will grow from $5.85 billion in 2023 to $6.13 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to global security concerns, increasing ied threats, homeland security initiatives, humanitarian mine clearance, military modernization programs, improvements in training programs.
The explosive ordnance disposal equipment market size is expected to see steady growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to multi-functional eod systems, focus on lightweight materials, global demining and clearance efforts, public safety applications, modular and interoperable system. Major trends in the forecast period include technological advancements in robotics, integration of artificial intelligence (ai), portable and lightweight equipment, detection and imaging technologies, remote sensing and reconnaissance.
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Segmentation & Regional Insights
The explosive ordnance disposal equipment market covered in this report is segmented –
1) By Equipment Type: Portable X-Ray Systems, Projected Water Disrupters, Bomb Containment Chambers, EOD Suits And Blankets, EOD Robots, Explosive Detectors, Search Mirrors, Other Equipment Types
2) By Technology: Trace, Bulk
3) By Application: Defense, Law Enforcement
North America was the largest region in the explosive ordnance disposal equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global explosive ordnance disposal equipment market during the forecast period. The regions covered in the explosive ordnance disposal equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in terrorist activity is expected to propel the growth of the explosive ordnance disposal equipment market going forward. Terrorism activity is the intentional use of violent means or threats to achieve political, religious, or ideological objectives by inducing fear or coercion among civilians. To counteract terrorist activity, specialists use explosive ordnance disposal (EOD) equipment for the safe detection, removal, and destruction of dangerous weapons like landmines and other explosive remnants. For instance, according to the Global Terrorism Index (GTI), which is published by the Institute for Economics and Peace (IEP), an Australia-based global think tank, terrorist attacks increased by 17% in 2021, with a total of 5,226 recorded attacks. Therefore, the increase in terrorist activity is driving the growth of the explosive ordnance disposal equipment market going forward.
Key Industry Players
Major companies operating in the explosive ordnance disposal equipment market report are Northrop Grumman Corporation, Reamda Limited, NABCO Incorporated, Scanna MSC Limited, iRobot Corporation, API Technologies Corp., E. I. du Pont de Nemours and Company (DuPont), Cobham Plc., Chemring Group plc, United Shield International Limited, Armtrac Limited, Med-Eng. Holdings ULC, Westminster International Limited, ALCOR System Inc., API Microelectronics Limited, L3Harris Technologies Inc., FLIR Systems Inc., Safariland LLC, Allen Vanguard Corporation, Avon Protection Systems Inc., BBI Detection Systems Ltd., Bruker Detection Corporation, Brogan Industries Inc., Recon Instruments Inc., Novatel Inc., Beijing Huaxin Kangbao Technology Co. Ltd., Nanjing Qiaohua Robotics Technology Co. Ltd., Hangzhou Qiandong Special Machinery Co. Ltd., Changsha JingAn Jian’an Technology Co.Ltd., General Electric Company
The explosive ordnance disposal equipment market report table of contents includes:
1. Executive Summary
2. Explosive Ordnance Disposal Equipment Market Characteristics
3. Explosive Ordnance Disposal Equipment Market Trends And Strategies
4. Explosive Ordnance Disposal Equipment Market – Macro Economic Scenario
5. Global Explosive Ordnance Disposal Equipment Market Size and Growth
….
31. Global Explosive Ordnance Disposal Equipment Market Competitive Benchmarking
32. Global Explosive Ordnance Disposal Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Explosive Ordnance Disposal Equipment Market
34. Explosive Ordnance Disposal Equipment Market Future Outlook and Potential Analysis
35. Appendix
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