Various defense and law enforcement organizations are focusing on modernization programs, which in turn has fuelled demand from the global market for explosive ordinance disposal (EOD) equipment. According to a report published by Transparency Market Research, the global EOD equipment market is anticipated to reach US$8.6 bn by the end of 2023 from its valuation of US$5.7 bn in 2014, rising at CAGR of 4.5% between 2015 and 2023. The report is titled “Explosive Ordnance Disposal (EOD) Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” and is available for sale on the company website.
Browse the full Explosive Ordnance Disposal (EOD) Equipment Market by Equipment Type (portable X-ray systems, projected water disruptors, bomb containment chamber, EOD suits and blankets, EOD robots, explosive detectors, search mirrors and others), & by Application (Defense and Law Enforcement) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/explosive-ordnance-disposal-equipment-market.html
Explosive ordnance disposal equipment refers to devices and tools used to dispose, detect, and provide protection during operations that involve explosive disposal. This equipment is used during military or defense operations to render hazardous explosive devices safe. Explosive disposal became a formal practice following the First World War. However, during its initial phase, there were no specialized tools or core knowledge available to train armed forces about the variations of munitions and how to use them. With the evolution of technology, not only have explosives become more destructive, but the equipment used to dispose them has also become more advanced.
With the risk of terrorist intrusions and bomb attacks rising, governments across the majority of countries around the world are opting for EOD devices. Additionally, defense organizations are also focusing on providing modern equipment to defense forces to efficiently combat any form of intrusion. These have been identified as the key factors fuelling the demand from the global explosive ordnance disposal market. The increasing modernization of police forces is also expected to have a positive impact on the market. Due to the increasing incidence of terror attacks witnessed globally, the demand for explosive ordnance disposal equipment is expected to rise substantially over the forecast period.
However, defense budget cuts across several countries may hamper the overall growth of the market. Nevertheless, innovation of the latest technologies and products is likely to help the manufacturers operating in the EOD equipment market strengthen their market position.
The report analyzes the global market for EOD equipment in terms of various parameters. In terms of equipment type, it segments the EOD equipment market into bomb containment chambers, X-ray systems, EOD suits and blankets, explosive detectors, projected water disruptors, EOD robots, and search mirrors. By application, the market has been bifurcated into law enforcement and defense. Of these, the defense segment dominated the market in 2014, accounting for a share of 70% in the market.
Regionally, the global market for EOD equipment is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East. Of these, North America dominated the global market in 2014, accounting for a share of 40% in the market, followed by Europe.
To provide a holistic overview of the prevailing competitive landscape, the report also profiles some of the most prominent companies operating therein such as Northrop Grumman Corporation, iRobot Corporation, NABCO, Inc., Safariland, LLC, United Shield International Ltd, Scanna Msc Ltd., Du Pont (E.I.) De Nemours, API Technologies Corp., Reamda Ltd., and Cobham plc.
The global Explosive Ordnance Disposal (EOD) Equipment market has been segmented into:
Global Explosive Ordnance Disposal (EOD) Equipment market, by Equipment Type
- Portable X-ray Systems
- Projected Water Disruptors
- Bomb containment chambers
- EOD Suits and Blankets
- EOD Robots
- Explosive Detectors
- Search mirrors
Global Explosive Ordnance Disposal (EOD) Equipment market, by Application:
- Law Enforcement
Global Explosive Ordnance Disposal (EOD) Equipment market, by Geography: The market is broadly segmented on the basis of geography into:
- North America
- United Kingdom
- Asia Pacific
- Middle East and Africa
- Latin America
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