Report Code: A10118 | Pages: NA | Mar 2023 | 2274 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Defense Counter-ied Systems Market
Request Now !Counter Improvised Explosive Devices (IED) systems are utilized by law enforcement and military to detect and counter explosive components and explosives comprise IEDs. The IEDs can be triggered remotely with the help of mobile phones and wristwatches which creates a challenge for the defense agencies. Mine-resistant, lightweight vehicles and battle tanks are key systems employed in IED detection systems. Mainly, counter IEDs is used to overcome the IED threats network for law enforcement, counter-insurgency and counter-terrorism. Besides, counter IEDs provide advanced countermeasure and reduce damage to private properties, public properties and casualties.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Capability, System, Deployment Type, End User, and Region |
 Regions covered | North America (The U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | L3 Technologies, Lockheed Martin Corporation, General Dynamics Corporation, BAE Systems, Thales Group, Raytheon Company, Netline Communications Technologies, Harris Corporation, Sierra Nevada Corporation and Allen-Vanguard Corporation |
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Adverse effects were caused by COVID-19 on the manufacturing and supply chain of the counter-IED market.
Rapid spread of COVID-19 created unusual challenges for the defense sector and adversely impacted the counter-IED market.
Obstacles such as reduction of defense expenditure gave rise to downfall in the revenue of counter-IED market
Adoption of new strategies such as improvisation of business models helps counter-IED market in reduction of loss owing to the pandemic.
Surge in incidences of terror attacks globally, increase in use of airborne platforms for improvised detection of IEDs by militaries worldwide, and rise in focus toward development of counter-IED are the factors that drive the counter-IED systems market. However, limited access of counter-IED and regulated use policies related to counter-IED are hurdles in the market growth. Contrarily, rise in defense budgets globally, increasing demand of homeland security agencies for counter-IEDs and geo-political instability offers new opportunities for the industry.
The counter-IED systems market trends are as follows:
Use of IEDS by terrorists to target public and civilian assets and confinement of these attacks turn outs pose a major challenge for defense agencies and homeland security forces. Procurement of counter-IED technologies by the security agencies of various countries namely Iran, India, Turkey, France and the UK is rising. For instance, in October 2018, Indra Sistemas S.A. was selected for a deal worth $36 million to design and manufacture a system with advanced capability including Counter Improvised Explosive Devices (CIED) a level 2 deployable forensic lab. Surge in terror incidences globally have provoked governments around the world to procure counter-IED systems, which increased the demand for the industry.
Governments have prioritized on enhancement of counter-IED capabilities for development of new solutions in Explosive Ordnance Disposal (EOD) operations, training of homeland security personnel and others. Governments have focused on acquisition, development and standardization of advanced technologies such as IED and EOD technologies, for peacekeeping and assurance of public safety. For instance, in 2017, Consolidated Analysis Center, Incorporated (CACI) was awarded a contract of $1.7 billion by the U.S. to provide training & intelligence services and deployable analytical operations to Joint Improvised-Threat Defeat Organization (JIDO). Rise in focus toward development of counter-IED to combat terrorist activities escalates market demand of counter-IED systems.
Key segments covered:
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Key benefits of the report:
Questions answered in the counter-IED systems market research report:
Defense Counter-IED Systems Market Report Highlights
Aspects | Details |
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By System |
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By Deployment Type |
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By End Users |
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By Region |
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Key Market Players | Allen-Vanguard Corporation, BAE Systems Land & Armaments Inc., Chemring Group Plc, Elbit Systems Ltd., L3 Technologies Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Rheinmetall Aktiengesellschaft, Sierra Nevada Corporation, Thales Group |
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