What is Global Counter-IED Equipment on EW Market?
The Global Counter-IED Equipment on Electronic Warfare (EW) Market is a specialized sector that focuses on the development and distribution of equipment designed to counter Improvised Explosive Devices (IEDs). These devices are a significant threat in conflict zones and have been used extensively in asymmetric warfare. The equipment in this market is designed to detect, prevent, and neutralize these threats, thereby protecting military personnel and civilians alike. The market includes a range of products, from handheld devices used by individual soldiers to vehicle-mounted systems that can protect entire convoys. The importance of this market has grown in recent years due to the increasing prevalence of IEDs in conflicts around the world.
Man Portable C-IED, Vehicular C-IED, Others in the Global Counter-IED Equipment on EW Market:
The Global Counter-IED Equipment on EW Market is segmented into three main categories: Man Portable C-IED, Vehicular C-IED, and Others. Man Portable C-IED equipment is designed to be carried and operated by individual soldiers. These devices are typically handheld and are used to detect and neutralize IEDs in the immediate vicinity of the operator. Vehicular C-IED equipment, on the other hand, is mounted on vehicles and is used to protect convoys and patrols from IED threats. This equipment can detect and neutralize IEDs from a distance, thereby providing a greater level of protection. The 'Others' category includes a range of other equipment types, including drone-based systems and stationary detection devices. Each of these categories plays a crucial role in the overall market, providing a range of solutions to the complex and evolving threat of IEDs.
Military, Law Enforcement in the Global Counter-IED Equipment on EW Market:
The Global Counter-IED Equipment on EW Market finds its primary usage in two main areas: Military and Law Enforcement. In the military sector, this equipment is used to protect soldiers and military assets from the threat of IEDs. This includes both on-the-ground troops and vehicle convoys, which are often targeted by these devices. The equipment helps to detect and neutralize these threats, thereby reducing casualties and improving operational effectiveness. In the law enforcement sector, the equipment is used to protect officers and civilians from IED threats in a range of scenarios. This includes both domestic and international situations, from dealing with terrorist threats to managing civil unrest. The equipment provides law enforcement agencies with the tools they need to safely and effectively deal with these threats, thereby enhancing public safety and security.
Global Counter-IED Equipment on EW Market Outlook:
The Global Counter-IED Equipment on EW Market is a dynamic and growing sector. As of 2022, the market was valued at US$ 2075.1 million and is projected to reach US$ 2828.8 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period of 2023-2029. The market is dominated by three main companies, which collectively hold a market share of approximately 19%. Geographically, North America is the largest market, accounting for about 41% of the total market share. This is followed by Asia-Pacific and Europe. In terms of product types, vehicular C-IED is the largest segment, accounting for about 62% of the total production. In terms of applications, the military sector is the largest, accounting for about 92% of the total market.
| Report Metric | Details |
| Report Name | Counter-IED Equipment on EW Market |
| Accounted market size in 2023 | US$ 2210 million |
| Forecasted market size in 2029 | US$ 2828.8 million |
| CAGR | 4.2 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Leonardo SpA, Northrop Grumman, Lockheed Martin, Elisra (Elbit Systems), Sierra Nevada Corporation, SRC Inc, L3Harris Technologies, Netline Communications Technologies, Thales Group, Comlab AG, Allen-Vanguard, Kirintec International, Tekne |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
