Latest TMR Report Explores Impact of COVID-19 Outbreak on Counter-IED Market
Counter-IED Market: Introduction
Transparency Market Research delivers key insights on the global counter-IED market. In terms of revenue, the global market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global counter-IED market.
Counter-IED (improvised explosive device) is part of a broader counter-terrorism, counter-insurgency, or law enforcement effort. Counter-IED is an interdisciplinary process for evaluating and adjusting measures to discover, prevent, mitigate, and recover from IED incidents and their consequences. These systems are largely utilized in military and law enforcement applications. Counter-IED systems include anti-tank, anti-personnel mine, and IED detection systems. Thus, an increase in trend of making counter-IED systems quicker, reliable, and safer is projected to boost the demand for counter-IED across the globe in the near future.
The global counter-IED market has been broadly segmented by solution, deployment, and end user. Based on solution, the market has been divided into detection [ads-above-surface detection system, mids-underground mine and IED detection system, stand-off IED detector, and remote IED detection equipment], and countermeasure [jammer and neutralization {NEID, and EOD}]. Based on deployment, the market has been segmented into vehicle mounted [manned and unmanned], ship mounted, airborne mounted [aircraft, aerostat, and UAV], and handheld. In terms of end user, the market has been bifurcated into military and law enforcement. Based on deployment, the vehicle mounted segment holds significant market share and is anticipated to expand at a rapid pace during the forecast period.
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Counter-IED Market: Dynamics
The rise in use of IEDs to conduct terrorist and insurgency activities across the globe is a matter of concern for military and security forces of multiple countries, as it hinders the political, social, and economic development of a country. Threat of IED attacks is a global issue, which is compelling multiple government organizations to focus on the development of technologically advanced IED detection systems such as vehicle mounted early warning of indirect indicators of IEDs. This technology is based on remotely operated unmanned ground vehicle (UGV) platforms with multi-camera head to detect indicators of IED presence even if the vehicle is moving at a speed of 20-30km/h. The use of semi-autonomous robots for detection of mines and IEDs plays an important role in IED detection systems. Thus, a rise in technological advancements in IED detection systems is anticipated to have a positive impact on the global counter-IED market during the forecast period.
Moreover, rise in conflicts and territorial disputes between various nations in the Middle East and Asia Pacific has increased the demand for electronic warfare measures. Modern land systems are increasingly depending on information systems comprising communications & information systems, and networks & sensors. These systems have the potential to produce significant changes in the behavior of warfare.
