Counter IED Market Segmentation by Deployment (Airborne Mounted, Ship Mounted, Vehicle Mounted, Handheld, and Others); by Capability (Countermeasures, Detection, Jammers, Neutralization, and Others); and by End Users (Homeland Security, and Military) - Global Demand Analysis & Opportunity Outlook 2030

Buy Now Report ID: 3186 | Published Date: Feb 09, 2023

Market Segmentation

Our in-depth analysis of the counter IED market includes the following segments:

By Deployment

  • Airborne Mounted
  • Ship Mounted
  • Vehicle Mounted
  • Handheld
  • Others

By Capability

  • Countermeasures
  • Detection
  • Jammers
  • Neutralization
  • Others

By End Users

  • Homeland Security
  • Military

Growth Drivers

  • Rising Focus on the Development of Counter-IEDS
  • Increasing Incidences of Terror Attacks all Across the World


  • Limited Access to Counter-IED Technologies
  • High Cost Associated with Product Development

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Global Counter IED Market Regional Synopsis

On the basis of regional analysis, the global counter IED market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America is anticipated to hold the largest market share on the back of presence of nations such as the United States where the threats from IEDs has been continuously increasing. This is also expected to lead to the country invest millions of dollars in order to combat these threats. Moreover, Asia Pacific is anticipated to lead the market in terms of share in the future owing to the rising usage of improvised explosive devices in terror attacks and increasing defense spending in the region. For instance, China’s military spending increased from 2018 to 2019 by almost USD 8 billion. The calculated value amounted to be more than USD 260 billion in 2019.  In addition, the growing emphasis of China to become a major trade hub in the world is also evaluated to drive market growth in APAC by the end of 2030.


The counter IED market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

    • Lockheed Martin Corporation
    • Company Overview

      o Business Strategy

      o Key Product Offerings

      o Financial Performance

      o Key Performance Indicators

      o Risk Analysis

      o Recent Development

      o Regional Presence

      o SWOT Analysis

    • Northrop Grumman Corporation
    • Thales Group
    • Elbit Systems Ltd
    • Chemring Group PLC
    • L3Harris Technologies, Inc
    • Allen-Vanguard Corporation
    • Netline Communications Technologies
    • Sierra Nevada Corporation
    • SRC, Inc



In The News

  • February, 2021: Northrop Grumman received a contract worth $329.9 million from the U.S. navy to provide electronic warfare technology to Australia to help mitigate the risk from materials that can be detonated by radio signals.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Ipsheeta Dash, Sadaf Naaz

Key Questions Answered in the Report

1) What are the major factors driving the growth of the counter IED market?

Ans: The major growth drivers for the market are rising focus on the developments of counter-IEDS and increasing incidences of terror attacks all across the world.

2) What would be the CAGR of counter IED market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~2.5% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the counter IED market growth?

Ans: Limited access to counter-IED technologies and high cost associated with product development are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of counter IED market in future?

Ans: Asia Pacific will provide more business opportunities to the market owing to the rising usage of improvised explosive devices in terror attacks and increasing defense spending.

5) Who are the major players dominating the counter IED market?

Ans: The major players in the market are Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Elbit Systems Ltd, Chemring Group PLC, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the counter IED market?

Ans: The market is segmented by deployment, capability, end users, and by region.

8) Which segment captures the largest market size in the end users segment in the counter IED market?

Ans: The military segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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