Global Explosive Ordnance Disposal (EOD) Equipment: Overview
The growing demand for military ground robots has added a major revenue stream for the explosive ordnance disposal equipment to look into. Military and law enforcements bodies all over the world are showing a high interest in implementing programmable EOD robots, as they are much safer than manually defusing bombs and other explosives. The second factor driving the explosive ordnance disposal equipment demand is therefore the increase in terrorist attacks. With the high proportion of militant groups performing organized and unorganized terror attacks, defense agencies are required to ramp up their efforts to keep civilian areas safe from attacks.
Owing to these factors, the global explosive ordnance disposal (EOD) equipment market is expanding at a CAGR of 4.6% between 2015 and 2023. This market was valued at US$5.74 bn in 2014 and is expected to cross US$8 bn by the end of 2023. Key EOD equipment vendors include Scanna Msc Ltd., Northrop Grumman Corporation, Safariland, LLC, and iRobot Corporation.
North America Leads EOD Equipment Consumption
North America contributed to 42.63% of the total revenue generated by explosive ordnance disposal equipment players in 2014, making it the leading region in terms of revenue share. It is expected to retain its top position till 2023, owing to a high importance given to defense and law enforcement activities by the U.S. government. North America has invested heavily in soldier modernization, including through warfare training and the provision of advanced equipment, including explosive ordnance disposal equipment.
Among various EOD equipment, North America is showing a particularly high growth in demand for bomb containment and explosive detectors. The latter was already the leading equipment segment in 2014 and is expected to generate a higher demand due to its growing use in malls and airports.
Defense EOD Equipment Demand at All-time High
The defense sector has consistently been the top consumer of EOD equipment. In 2014, the defense sector contributed to 78.5% of the total revenue generated by EOD equipment players. This market share is expected to increase even further by 2023. A large number of countries, especially from developed economic regions, are pushing for soldier modernization programs that employ EOD robots as well as the use of other counter-terrorism equipment and strategies. The defense sector’s use for EOD equipment is especially high in urban warfare, where terrorist attacks need to be dealt with swiftly and efficiently.
Similar to the global demand for EOD equipment, North America holds a high demand for explosive detectors, portable X-ray systems, and EOD robots. Each equipment type holds a special utility that can provide invaluable support to military and law enforcement bodies to fight crime and terrorist activities. For instance, portable X-ray systems are intended to be used for the detection of hidden explosive devices. Therefore, their main implementation lies in locations where a large number of civilian population moves in and out, such as airports, train stations and subways, and malls.
However, budget cuts are expected to be a major restraint on explosive ordnance disposal equipment players. It takes away the heavy investments made by national governments, especially the U.S. government, seeing that the U.S. is the top revenue generation avenue for explosive ordnance disposal equipment companies.
Explosive Ordnance Disposal (EOD) equipment market refers to the tools and equipments used to detect, dispose and provide protection during explosive disposal operations. The global Explosive Ordnance Disposal (EOD) equipment market has been segmented by equipment type, application and geography. On the basis of equipment type the market has been segmented into portable X-ray systems, projected water disruptors, bomb containment chamber, EOD suits and blankets, EOD robots, explosive detectors and search mirrors among others. The EOD market on the basis of application has been categorized into defense and law enforcement. North America, Europe, Asia Pacific, Middle East and Africa and Latin America are the various regions covered within the scope of research. Furthermore, a cross sectional analysis has been provided for each of the reports covered within the scope of research.
Factors such as police forces modernization programs and defense modernization programs are also expected to drive the demand for Explosive Ordnance Disposal (EOD) equipment. Various defense agencies across the globe are striving to equip their forces with modern equipment in order to counter terrorist intrusions. For example, large numbers of military organizations and law enforcement organizations have adopted military EOD robots. These robots can be programmed according to a given situation and can also be repurposed in a short time. Moreover, recent surge in number of terrorist attacks have also boosted the demand for EOD in recent years. The rise of various terrorist outfits such as ISIS and Boko Haram are constantly conducting coordinated country-wide attacks against the governments across the globe.
These organizations are targeting malls, schools and embassies among others. As a result of these factors, defense organizations are increasingly adopting EOD equipment to counter the terrorist attacks. Furthermore, the joint efforts taken by various countries such as the U.S., Russia and France among others to curb terrorism have further resulted in an increased demand for EOD equipments. These factors in combination are expected to propel the demand for EOD equipment throughout the forecast period.
However, defense budget cut by governments of various countries is restraining the demand for EOD equipment globally. For example, there has been a 31% defense budget cut in the U.S. military spending from 2010 to 2016
Significant opportunities exist for the EOD equipment market as a result of continuous research and development initiatives undertaken by various manufacturers. Research and development is directed toward improving existing features as well as developing new advanced features. For example, in January 2014, DetectaChem launched a handheld explsoive detector called the SEEKERe. The SEEKERe has been designed and developed in accordance to the specifications requested by the U.S. Department of Defense (DOD).
The company profiles of the major players in the global Explosive Ordnance Disposal (EOD) Equipment market across five major geographic regions namely North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America has been extensively covered under the purview of the study. Moreover, the business strategies being adopted by the major players in the market have also been included in the report. The market attractive analysis has also been provided in the report for providing a detailed insight into the global EOD equipment market.
The market dynamics, which includes the market drivers, restraints and opportunities, has also been included under the scope of the report. Market dynamics help to understand the current trends in the global market by providing insights of the distinctive factors that influence the growth of the specific market. Thus, this report provides an inclusive study of the global Explosive Ordnance Disposal (EOD) Equipment market and also provides forecast of the market for the period from 2015-2023.
Some of the major players operating in EOD market are: iRobot Corporation, Safariland, LLC, Northrop Grumman Corporation, Scanna Msc Ltd., NABCO, Inc., United Shield International Ltd, Reamda Ltd., API Technologies Corp., Du Pont (E.I.) De Nemours and Cobham plc among others.
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