The Business Research Company’s report on the Counter-IED Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the counter-ied industry?
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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What is the estimated market size of the counter-ied sector by 2029, based on current forecasts?
The counter-IED market size has grown marginally in recent years. It will grow from $1.41 billion in 2024 to $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 1.4%. The growth in the historic period can be attributed to global terrorism threats, military operations in conflict zones, government initiatives and spending, the increasing sophistication of IEDs, and international collaboration
The counter-IED market size is expected to see steady growth in the next few years. It will grow to $1.57 billion in 2029 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to military modernization programs, urban warfare challenges, critical infrastructure protection, and the adoption of unmanned systems. Major trends in the forecast period include enhanced CBRNE detection capabilities, global collaboration in counter-terrorism efforts, emphasis on disrupting supply chains, development of lightweight and portable solutions, application of machine learning in threat analysis, and integration of multi-sensor fusion.
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Who are the top players in the counter-ied market?
Major companies operating in the counter-IED market include Raytheon Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Thales Group, L3Harris Technologies Inc., Leonardo SpA, BAE Systems Land & Armaments Inc., Oshkosh Defense LLC, Rheinmetall AG, Elbit Systems Inc., Israel Aerospace Industries Ltd., Saab AB, Sierra Nevada Corporation, QinetiQ Group plc, Mobility Engineering Technology, Chemring Group plc, SRC Inc., Safariland LLC, Navistar Defense LLC, NIMR Automotive LLC, ECA Group, Revision Military Inc., Allen-Vanguard Corporation, Cobham plc, ArmorSource LLC, Point Blank Enterprises Inc., Netline Communication Technologies
What are the major trends in the counter-ied market?
Major companies operating in the counter-IED market are focused on developing innovative solutions such as C-Guard Microsystems. A manpack counter-IED device refers to a portable or wearable device designed for countering Improvised Explosive Devices (IEDs). These systems are designed to be carried by an individual, often military or security personnel, to detect, neutralize, or mitigate the threat posed by IEDs. For instance, in November 2023, Netline Communications Technologies Ltd., an Israel-based electronic countermeasures manufacturing company announced the launch of the ‘C-Guard Modular Manpack’. It is an Electronic Warfare (EW) system created to address challenges posed by both Improvised Explosive Devices (IEDs) and adversarial drones. Designed for military and law enforcement applications, this compact and portable Electronic Countermeasure (ECM) unit offers comprehensive jamming capabilities, making it suitable for a range of scenarios, including anti-terrorism missions.
Which geography holds the highest counter-ied market share?
North America was the largest region in the counter IED market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the counter-IED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the counter-ied market?
The counter-IED market covered in this report 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
Subsegments:
1) By Detection: Ground-Based Detection Systems, Airborne Detection Systems, Handheld Detection Devices, Fixed Detection Systems
2) By Counter Measures: Jamming Systems, Disruption Systems, Neutralization Systems, Robotic Counter-LED Systems
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How is the counter-ied market defined?
Counter-IED, which stands for Counter-Improvised Explosive Device, refers to a device or equipment, typically mounted on a vehicle, designed to avoid, identify, and minimize the threat posed by improvised explosive devices (IEDs). Counter-IED procedures are critical in reducing the danger presented by IEDs, a class of unconventional explosive weapons that can be used in many different ways and taken in any form.
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