Growing Adoption of Counter-IED Solutions in Conflict Zones to Boost Market

The number of attacks facilitated by an improvised explosive device (IED) has witnessed a considerable surge over the past couple of decades due to which, the demand for counter-IED equipment and solutions has increased at a rapid pace. The considerable growth in the number of unforeseen terrorist attacks around the world has compelled governments to invest and deploy counter-IED solutions– a leading factor that is projected to drive the expansion of the global counter-IED market during the assessment period. In addition, the exponential rise in the adoption of counter-IED solutions, particularly in conflict zones around the world is another major factor that is likely to provide a boost to the market growth.

Improvements in analytical techniques and increasing focus on improving national security and safety are expected to influence the growth trajectory of the counter-IED market during the assessment period. Automated data-collection techniques coupled with considerable research being carried out on data integration methods from various sources into a single interface structure is further expected to provide a considerable push to the growth of the counter-IED market in the forthcoming years. The growing requirement to assess the IED threats, mainly in the law enforcement and military sector is anticipated to propel the growth of the market for counter-IED.

At the back of these factors, the global counter-IED market is expected to attain a market value of US$ 2.9 Bn by the end of 2030.

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Growing Demand to Identify Potential IED Threat Events to Drive Market

Due to a surge in the number of IED threat events across the world, particularly in the conflict zones, including Iraq, Afghanistan, and other regions of the Middle East, the demand for counter-IED solutions has witnessed steady growth. In addition, the defense sector around the world is increasingly investing resources to identify the various types of IED threats to minimize losses. Data collection requirements continue to evolve with the emergence of new classes of IED threats– a factor that is projected to accelerate the development of models and relationships between actionable information and potential threat events. Another area of research that is likely to gain ground across the counter-IED market during the assessment period includes defining various requirements for ancillary data and sensor types. At present, behavioral and computational scientists, along with military and law enforcement communities, are collaborating with each other in research projects that are currently evaluating the various counter-IED measures and solutions.

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Innovations in IED Detection and Advancements in Technology Likely to Boost Market Growth

The defense sector around the world continues to mitigate various IED threats by primarily focusing on three parameters, including detection, protection, and neutralization. The considerable progress in the development of military vehicles is largely driven by the growing need to address the looming IED challenge. Due to the hostile ground conditions and uncertainty, traditional defense vehicles gradually paved the way for modified infantry fighting vehicles (IFVs) and armored personnel carriers (APCs). The changing nature of the IEDs used by terrorist organizations has compelled players in the counter-IED market to constantly focus on innovation and rolling out effective counter-IED measures and solutions. For instance, in a newly developed IED detection kit, ground-penetrating radar systems were deployed in various vehicles in Afghanistan to detect and identify metallic, buried objects, etc. Over the past few years, research and development activities across the defense sector have gained considerable momentum, mainly to roll out second-generation detection technology.

Demand to Remain Sluggish amid COVID-19 Pandemic

The onset of the novel COVID-19 pandemic is projected to have a short-term impact on the overall growth of the global counter-IED market. Restrictions on trade and transportation are likely to pose a major barrier in the procurement of raw materials required to develop counter-IED kits and solutions. In addition, as governments across the world continue to place the fight against novel coronavirus on the top of the priority list, the demand for counter-IED solutions could possibly witness a minor dent, particularly in 2020. However, innovations and research activities are projected to continue at a consistent pace in 2020 due to which, new concepts and IED countermeasures are likely to be introduced in the upcoming years.

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Analysts’ Viewpoint

The global counter-IED market is projected to grow at a moderate CAGR of ~3% during the forecast period. The market growth is primarily driven by the increasing adoption of counter-IED solutions for military and law enforcement applications, increasing need to reassess the existing counter-IED solutions, rising number of terrorist attacks in the conflict zones, and research & development activities. In addition, considerable progress made in the data analysis sphere is another major factor that is likely to accelerate the development of next-generation counter-IED solutions.

Counter-IED Market: Overview

  • According to Transparency Market Research’s latest research report on the global counter-IED market for the historical period 2018–2019 and the forecast period 2020–2030, rise in adoption of counter-IEDs in military and law enforcement applications for evaluating and adjusting measures to discover, prevent, mitigate, and recover from IED incidents and their consequences is anticipated to drive the growth of the global counter-IED market
  • In terms of revenue, the global counter-IED market is estimated to reach value of US$ 2.9 Bn by 2030, expanding at a CAGR of ~3% during the forecast period

Increasing Focus on Counter-IED Developments: Key Drivers

  • The importance of improving IED detection and prevention has been gaining importance for security forces, as terrorists prefer to plant IEDs, cause casualties, and escape
  • Security forces across the globe are carrying out a large number of changes and modifications in order to contain such IED activities. These changes and modifications include bringing new counter-IED (Improvised Explosive Devices) equipment, improve field-test IED detection capabilities, and provide training to troops as well as conduct mock drills for bomb disposal squads, and provide training to dogs to detect IEDs.
  • Thus, an increase in the demand for improved counter-IED systems in the military and homeland security field across the globe is projected to boost the global counter-IED market during the forecast period

Demand from Emerging Countries: Latest Market Trends

  • 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.
  • The Asia Pacific C-IED Fusion Center (APCFC) provides training programs, intelligence products, and supports C-IED training to security forces in partner nations, such as Australia, Indonesia, South Korea, and Thailand
  • Thus, a rise in the use of information-age systems has led to a significant change in the nature of battlefields. Consequently, the demand for technologically advanced counter-IED in emerging countries is expected to rise significantly during the forecast period.

Protectionist Policies Leading to Limited Access to Counter-IED Technologies: Major Challenges for Global Market

  • Superpower countries that are developing counter-IEDs have imposed various restrictions on supply, sharing, selling, and proliferation of technologies
  • Protectionist policies are employed to limit the access of advanced technology to other nations due to security concerns and geopolitical issues
  • Imposition of these protectionist policies by the U.S. has led to limited access to counter-IED solutions, and it is considered a major restraint to the counter-IED market, as the U.S. shares its expertise, solutions, and technologies with only NATO countries
  • Thus, imposition of protectionist policies for limited access to counter-IED technology by superpower countries is projected to have a moderately negative impact on the global counter-IED market during the forecast period

Counter-IED Market: Competition Landscape

  • Detailed profiles of providers of counter-IED have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global counter-IED market are
    • Lockheed Martin Corporation
    • Northrop Grumman Corporation
    • Raytheon Company
    • Sierra Nevada Corporation
    • Allen-Vanguard
    • General Dynamics Corporation
    • Harris Corporation
    • L3 Technologies, Inc
    • Thales Group
    • Parnisari Arms
    • Chemring Technology Solutions
    • Elbit Systems Ltd.

Counter-IED Market: Key Developments

  • Key providers of counter-IED, such as Sierra Nevada Corporation and L3Harris Technologies, Inc., are focusing on the development of innovative and reliable counter-IED. Some key developments in the global counter-IED market are as follows:
    • In June 2020, Sierra Nevada Corporation (SNC) was awarded a production contract with multiple delivery orders to procure, deliver, and support the Degraded Visual Environment Pilotage System (DVEPS) on the U.S. Special Operations Command (SOCOM) and select U.S. Army aircraft
    • In August 2018, L3Harris Technologies, Inc. secured a US$ 400 Mn increase to the single-award IDIQ contract to supply electronic warfare (EW) systems for international F-16. These strategic developments are likely to help the company expand sales.
  • In the report on the global counter-IED market, we have discussed individual strategies, followed by company profiles of providers of objective lenses. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global counter-IED market.

Counter-IED Market – Scope of the Report

A new study on the global counter-IED market has been published by Transparency Market Research (TMR). It presents detailed information on key market dynamics, including drivers, trends, and challenges for the global counter-IED market as well as its structure. TMR’s study offers valuable information on the global counter-IED market in order to illustrate how the market is expected to expand during the forecast period i.e. 2020–2030.

Key indicators of market growth, which include value chain analysis and Compound Annual Growth Rate (CAGR) have been elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global counter-IED market.

An extensive analysis of business strategies adopted by leading market players has also been featured in TMR’s study on the global counter-IED market. This can help readers understand key factors responsible for growth of the global counter-IED market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global counter-IED market. This data would guide market players in making apt decisions in the near future.

Key Questions Answered in TMR’s Study of Counter-IED Market

  • What would be the Y-o-Y growth trend of the global counter-IED market between 2020 and 2030?
  • What is the influence of the changing trends in solutions on the global counter-IED market?
  • Would North America continue to be the most dominant regional market for providers of counter-IED over the next few years?
  • Which factors would hinder the global counter-IED market during the forecast period?
  • Which are the leading companies operating in the global counter-IED market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the global counter-IED market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.

Secondary research sources referred to by analysts during production of the report on the global counter-IED market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of TMR’s study on the global counter-IED market as a primary research source.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global counter-IED market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global counter-IED market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global counter-IED market more reliable and accurate.

Counter-IED Market – Segmentation

TMR’s study of the global counter-IED market segments the market based on solution, deployment, end user, and region. Changing market trends and other crucial market dynamics associated with segments of the global counter-IED market have been discussed in detail in TMR’s study.

Solution

  • Detection
  • Ads-Above-Surface Detection System
  • Mids-Underground Mine and IED
  • Detection System
  • Stand-off IED Detector
  • Remote IED Detection Equipment
  • Countermeasure
  • Jammer
  • Neutralization
  • NIED
  • EOD

Deployment

  • Vehicle Mounted
  • Manned
  • Unmanned
  • Ship Mounted
  • Airborne Mounted
  • Aircraft
  • Aerostat
  • UAV
  • Handheld

End User

  • Military
  • Law Enforcement

Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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