What is the current Counter-IED Market size?

The Counter-IED Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029) Read More

Which is the fastest growing region in Counter-IED Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Counter-IED Market?

In 2024, the North America accounts for the largest market share in Counter-IED Market. Read More

What years does this Counter-IED Market cover?

The report covers the Counter-IED Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Counter-IED Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Counter IED Market Size & Share Analysis - Industry Research Report

Counter-IED Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Counter-IED Market is segmented by Capability (Detection and Counter Measures), Deployment (Vehicle-mounted and Hand-held), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in value (USD million).

Counter IED Industry Overview

Lockheed Martin Corporation, L3Harris Technologies Inc., Elbit Systems Ltd, Northrop Grumman Corporation, and Thales Group are some of the prominent players in the counter-IED market. To increase their foothold in the market, the companies are investing in the research and development of new products and solutions that will effectively detect the IEDs and dismantle them more securely. In this regard, in February 2022, DroneShield Limited, a counter unmanned aerial systems (UAS) provider, and Allen-Vanguard, a manufacturer of counter-improvised explosive devices (IED) entered into a partnership to explore the development of new products and also market an integrated counter-UAS and counter-IED system to their customers. Such partnership among the players to introduce new products in the market with additional capabilities is anticipated to support the companies expand their geographic presence. Also, the focus is being shifted to the use of unmanned systems for counter-IED operations. Players can focus on producing autonomous products compatible with unmanned systems, which may help them to sustain in the changing market landscape.