Global Counter-IED Market Analysis

The Counter-IED Global Market Report 2023, provides comprehensive information on the counter-IED market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Counter-IED Global Market Report 2023, the 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%.

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Innovative technologies are a key trend gaining popularity in the counter-IED market. Major companies operating in the counter-IED market are adopting new technologies to sustain their position in the market. For instance, in March 2020, Pearson Engineering, a UK-based defense technology company, launched a route-clearance multi-tool system. The RP&C (route proving and clearance) multi-tool offers military commanders a route-clearing option without requiring several vehicles for countermine and IED [improvised explosive device] operations. The RP&C is equipped with components, such as ground-penetrating radar (GPR) at the front of the system, to find hidden metallic and non-metallic threats. This multi-tool contains a heavy-duty, dexterous manipulator arm that can hold GPR, metal detectors, infrared vision systems, a raman spectrometer, and other detect, Protect, and defeat instruments.

The counter-IED market 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

North America was the largest region in the counter-IED market in 2022.

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. Global Counter-IED Market Size and Growth

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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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