Counter-IED Systems Market: - An Overview
Counter improvised explosive devices are the system that is used in battle operation, law enforcement and military forces. Counter-IED systems are used for detecting the explosive components and dispose the improvised explosive devices for counter- terrorism, counter-insurgency and law enforcement effort.
Counter-IED threats the improvised explosive devices as a systematic problem and aims to defeat the IED threat networks themselves. The important task of counter-IED is to identify the critical vulnerabilities within the IED threat network as some of IED threat network may be a large part of terrorist organization.
Impact of COVID-19 Pandemic Outbreak on Counter-IED Systems Market
The global struggle to tackle the COVID-19 pandemic is exposing the vulnerabilities of terrorist threat. Due to COVID-19 pandemic there is threat to wellbeing, safety and health of societies and communities around the world. Due to more focus on COVID-19 pandemic by media, terrorism and violent extremist groups are expected to attract less coverage by media and these groups are using public spaces for activities to recruit active members.
The terrorist groups are integrating the virus in their propaganda to plan the attacks. The terrorist threats are most likely to increase in the short term in conflict zones where terrorist can take advantage of security vacuum.
Some countries have to start back their counter terrorism operations that are affected due to reduced budget, shifting priorities and health risk. So the adoption of counter-IED system is expected to increase in the 2020 and 2021 for ensuring the safety of the country.
Counter-IED Systems Market: - Market Dynamics
Innovation and Advancement in IED Detection Technology is Driving the Growth of Counter-IED Systems Market
The defense sector of various countries is focusing on reducing the IED threats by using three parameters that include protection, detection and neutralization. To address the IED threat the demand is increasing for military vehicle-mounted counter-IED system.
The changing nature of IED threat used by terrorist organizations is encouraging the market players to focus on innovating and rolling out effective counter-IED solutions and measures. For instance, in Afghanistan, a new IED detection kit is developed which was deployed with ground penetrating radar system to identify and detect metallic and buried objects.
However, companies are investing in research and development activities for innovating and adding new features in the IED Detection technology so the market is witnessing growth.
Increasing Demand of Counter-IED from Homeland Security Agencies is Spurring the Market Growth
The terrorist attacks using IED are increasing on civilians and public assets which is a major challenge for homeland security agencies. Countries like Iran, Turkey, India and others are facing huge threat from terrorist IED blast, so the demand for counter-IED system is increasing. The homeland security agencies of these countries are purchasing the advanced IED detection systems or equipment for ensuring the security of the civilians and public assets.
The demand for counter-IED system is increasing especially in terrorism affected countries like Israel, and India. For instance, country like India is focusing on investing in counter-IED technologies and purchasing vehicle mounted counter-IED system for dealing with the IED attacks in terrorist affected area like Jammu & Kashmir.
Counter-IED Systems Market: - Key Players
The key players in the counter-IED systems are
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Thales Group
- General Dynamics Corporation
- Elbit Systems Ltd
- L3 Technologies Inc.
- SRC Inc
- Sierra Nevada Corporation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Counter-IED Systems market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Counter-IED Systems market attractiveness as per segments. The report on Counter-IED Systems market also maps the qualitative impact of various factors on Counter-IED Systems market segments and geographies.
Counter-IED Systems Market Segmentation
- Explosive Ordnance Disposal
- Airborne Mounted
- Unmanned Aerial Vehicles
- Vehicle Mounted
- Unmanned Ground Vehicle
- Armored Vehicles
- Ship Mounted
- Unmanned Maritime Vehicle
- Naval Vessels
By End user
- Homeland Security