Counter-IED Market Size, Share, Growth, and Industry Analysis, By Type (Vehicle mounted, Ship mounted, Airborne mounted & Handheld), By Downstream Industry (Military & Homeland Security) and Regional Forecast to2032

Updated On: 04 November 2024

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COUNTER-IED MARKET REPORT OVERVIEW

The Counter-IED Market Market Size was Valued at US$ 1416 Million in 2023. The Market is likely to Surpass US$ 2427.5 Million by 2032 at a CAGR of 5.54% During the Forecast period [2024-2032].

The counter-IED (improvised explosive device) Market is steadily advancing to confront novel threats in militant and non-combat situations. Owing to the escalating threats in security across the world and the enhancement of IEDs, there is a higher level of calls for better solutions. Detectors, neutralizers, and protective technologies that relate to the market are expansive. Growth in robotics, sensors, and electronic countermeasure systems is on the rise because these solutions are highly important. Subsequently, since threats will always be dynamic, the counter-IED market will still remain relevant in increasing security globally.

COVID-19 Impact: Market Growth Restrained During Pandemic Due to Supply Discontinuity

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The counter-IED business equally experienced the severe effects of the novel COVID 19 pandemic, resulting in a harmonized decline in demand and market interaction. The outbreak of the global health crisis affected the supply chains, delayed the procurement of defense systems and products, and changed the focus from defense spending to health issues. Moreover, limited mobility of people and goods as well as limitations in manufacturing slowed down the creation and utilization of sophisticated counter-IED solutions. Therefore, during the pandemic period, the rate of investment in the market and its general growth were low.

LATEST TRENDS

"Market growth includes AI-driven robotics enhancing detection capabilities"

Trends in the counter-IED market in recent years show more focus on the use of high-end robotic as well as autonomous systems for the purpose of IED detection and elimination. One of the trends seen in the use of IEDs is the enhancement of AI and machine learning for better results in the detection of IEDs. Such systems are capable of processing big data in real-time, identifying impending risks, making response decisions, minimizing the involvement of people, and enhancing operational security. This technological advancement stands out as the next big step in counter-IED warfare.

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COUNTER-IED MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Vehicle mounted, Ship mounted, Airborne mounted & Handheld.

• Vehicle Mounted: Vehicle-mounted counter-IED systems are also used for protection and detection while on the move in crowded jungle tracks in conflict-prone areas. These are fitted with the latest sensors and jamming capabilities to not only detect but also disable the IED menace. They are mobile, which makes it possible to organize a quick response and provide extensive area coverage.

• Ship Mounted: Maritime counter-IED systems are installed on naval ships to provide security against explosive threats, mainly in naval operations or around ports. In some of these systems, both sonar and radar functions are combined for underwater as well as surface threat suppression. Due to the use of armed robots, their effectiveness in boosting the security of naval ships and coastal facilities is felt.

• Airborne Mounted: Airborne-mounted counter-IED has aircraft mounted in which surveillance and detection of IED threats are conducted from the sky. They are equipped with rather cutting-edge imaging and sensing systems, which provide them with high speed and large coverage. They help in the early recognition and elimination of threats before getting to the ground objectives or targets.

• Handheld: Handheld Counter IEDs are personal systems that are used at close range by staff for the identification and disposal of IEDs. Some of the systems that are usually incorporated in these are metal detectors, explosive trace detectors, and disruptors. They are useful for the ground forces and emergency services in high-risk areas where control is needed.

By Downstream Industry

Based on Downstream Industry the market can be categorized into Military & Homeland Security

• Military: Counter-IED systems are very important in protecting the soldiers and their equipment, particularly when conducting operations in hazardous areas. Technology is incorporated in vehicles for combat and in individual equipment to identify and counter terrorism bombs. It increases the success of mission-critical activities as well as decreases the level of fatalities on dangerous premises.

• Homeland Security: Modern counter-IED systems are intended for the soldiers’ safety and the shielding of civilian populations and key infrastructure against terrorism. These systems are placed in areas of high security, for example, airports, occasions, and boundaries. Thus, their position in early diagnosis and prevention contributes to sustaining public and national security.

DRIVING FACTORS

"Market growth is driven by rising global security risks"

The counter-IED market is stimulated by the increasing global security risks and geopolitical instabilities that make governments and defense organizations demand innovative solutions against NVIED. The desire to develop efficient countermeasures that would protect the military and civilians escalates the appetite for technological inventions.

"Technological advances in robotics, AI, and sensors drive market growth"

Continuous developments such as robotics, AI, and sensors are some of the factors driving the counter-IED market significantly. It is the current technological advances that improve the efficiency of detection and neutralization systems to deal with existing and new styles of IED threats results global Counter-IED Market Growth.

RESTRAINING FACTOR

"High costs of advanced technologies hinder market growth"

The key limitation that has been observed to exist within the counter-IED market is that the development of advanced technologies and systems is relatively expensive. The high cost of the new technologies used in equipment and their maintenance can hinder the allocation of such resources in view of the fact that they may come at a high cost, especially for a country with few funds allocated to defense or a developing country. As much as this improves the efficacy of these devices, it also raises the financial cost, which is a hindrance to adoption and hence market growth.

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COUNTER-IED MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America leads market growth due to defense spending"

The counter-IED market is primarily concentrated in North America due to developed defense systems and large expenditures on military equipment. Till now, the United States holds the largest Counter-IED Market share, being one of the most dominant players in the defense sector around the globe, is dictating the innovation and procurement of advanced counter-IED systems. Also, higher governmental budgets and strong emphasis on so-called ‘homeland security’ make North America an undisputed leader in implementing and researching state-of-the-art countermeasures.

KEY INDUSTRY PLAYERS

"Strategic investments in AI and robotics drive growth"

Strategists in the counter-IED industry are instituting drastic measures through investments in research, intending to improve the technology used in detection and neutralization equipment. They pay particular attention to the application of artificial intelligence, robotics, and smart sensors, which boost system performance and productivity. Thus, strategic partnerships and collaborations tend to enhance innovation processes and increase market reach and overall industry growth and capabilities.

LIST OF MARKET PLAYERS PROFILED

• General Dynamics Corporation (U.S)
• Northrop Grumman Corporation (U.S)
• Lockheed Martin Corporation (U.S)
• Allen-Vanguard Corporation (Canada)
• Raytheon Company (U.S)

INDUSTRIAL DEVELOPMENT

August 2018: L3Harris Technologies won an additional an additional $400 million under the single-award IDIQ contract to deliver EW systems for foreign F-16 aircraft. This development relates to EW, but it’s important to point out that EW systems are constituent parts of counter-IED measures. They typically incorporate detection, identification, and neutralization of IED threats; thus, they are important elements of the counter-IED industry.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Counter-IED Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose Downstream Industry may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.