Counter IED System is used for detecting explosives and explosive components by using improvised explosive devices (IEDs). These devices are being triggered from safest distance by operator via remote control such as wrist watch and mobile phones. The major factor for driving counter IED system market is due to the growth in terrorist activities across the world and technological innovation in IED detection systems.
The "Global Counter IED System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of counter IED system market with detailed market segmentation by mounting type, system, end users, and geography. The global counter IED system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading counter IED system market players and offers key trends and opportunities in the market.
- Based on mounting type, the market is segmented as aircraft mounted, naval vessels mounted, vehicle mounted, and man-portable
- On the basis of the system, the market is segmented as electronic countermeasures, counter-IED vehicles, unmanned systems, and others.
- The market on the basis of end users, the market is segmented into military and homeland security.
- Growth in terrorist activities across the world and technological innovation in IED detection systems.
- Increasing demand for unmanned systems like driverless trucks and lighter robots.
- Demand for counter-IED equipment for homeland security.
- High cost of the research and development which in turn increases the price of final product.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The counter IED system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors affecting the counter IED system market in these regions.
IMPACT OF COVID-19 ON COUNTER IED SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the defense industry through till mid-2021. However, demand for defense related products such as counter-IED systems has remained unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. The use of counter IED systems for enhanced homeland security and military related operation are creating further opportunity for the counter IED system market in post-pandemic scenarios.
The report covers key developments in the counter IED system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from counter IED system market are anticipated to lucrative growth opportunities in the future with the rising demand for counter IED system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the counter IED system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BAE Systems
- Elbit Systems Ltd.
- General Dynamics Corporation
- L3Harris Technologies Inc.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rheinmetall AG
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.