Market Size of Counter-IED Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Counter IED Market Analysis
The counter-IED market is poised to register a CAGR of over 2% during the forecast period (2022 - 2031).
The impact of the COVID-19 pandemic on the counter-IED market is negligible as the investments of governments into the protection of their personnel against improvised explosive devices (IEDs) have remained unaffected.
The increasing incidences of terror attacks involving improvised explosive device blasts across the world as well as growth in asymmetric warfare, which is expected to increase the usage of IEDs, is expected to propel the procurement of counter IED devices by the law enforcement and armed forces of various countries.
The increasing investments in the development and introduction of technologically advanced detection and counter IED systems are expected to boost the growth of the market in the years to come.
Counter IED Industry Segmentation
The counter IED systems are used by law enforcement and armed forces for the detection of explosives as well as for dismantling the Improvised Explosive Devices (IEDs) devices. The market for counter IED is segmented by capability into detection and countermeasures. Also, by deployment, the market is segmented into vehicle-mounted and hand-held systems. The vehicle-mounted segment includes the counter IED devices that are mounted on all land-based, air-based, and sea-based vehicle platforms. The report also covers the market sizes and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD million).
| Capability | |
| Detection | |
| Countermeasures |
| Deployment | ||||
| ||||
| Hand-held |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Counter-IED Market Size Summary
The counter-IED market is experiencing steady growth, driven by the increasing frequency of terror attacks and the rise of asymmetric warfare, which necessitates enhanced protective measures for military and law enforcement personnel. The market is characterized by significant investments in the development of advanced detection and counter-IED systems, with a particular emphasis on vehicle-mounted solutions. These systems are being integrated into various platforms across land, air, and sea, reflecting the global demand for robust countermeasures against improvised explosive devices. The market's expansion is further supported by the procurement of unmanned systems, which are being developed to enhance personnel safety during detection and disposal operations. This technological advancement is expected to significantly contribute to the market's growth trajectory over the forecast period.
North America currently leads the counter-IED market, largely due to the substantial military expenditure of the United States, which continues to invest in both manned and unmanned systems to improve the efficiency of IED clearance operations. The U.S. military's acquisition of advanced vehicles and unmanned ground vehicles underscores its commitment to enhancing the capabilities of its forces. Prominent industry players, including Lockheed Martin, L3Harris Technologies, and Northrop Grumman, are actively investing in research and development to introduce innovative products that can effectively detect and neutralize IED threats. Collaborations and partnerships among these companies are aimed at expanding their market presence and developing integrated systems that combine counter-IED and counter-UAS capabilities. This strategic focus on unmanned systems and autonomous solutions is poised to shape the future landscape of the counter-IED market.
Counter-IED Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2031)
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2.1 Capability
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2.1.1 Detection
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2.1.2 Countermeasures
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2.2 Deployment
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2.2.1 Vehicle-mounted
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2.2.1.1 Manned Vehicles
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2.2.1.2 Unmanned Vehicles
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2.2.2 Hand-held
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle-East and Africa
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Counter-IED Market Size FAQs
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)
Who are the key players in Counter-IED Market?
Lockheed Martin Corporation, L3Harris Technologies Inc., Elbit Systems Ltd, Northrop Grumman Corporation and Thales Group are the major companies operating in the Counter-IED Market.
