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The Handheld Counter IED Market Size was valued at USD 1.78 billion in 2023 and is expected to reach USD 2.51 billion by 2032 with and emerging CAGR of 2.87% over the forecast period 2024-2032.
Handheld counter-improvised explosive devices (IEDs) are detection and countermeasure systems primarily utilised by military and law enforcement authorities. These gadgets are held in the user's hand and primarily comprise technology such as ground-penetrating radar.
The global market for handheld counter IEDs is quickly expanding. Increased military investment, growing terrorist threats, and an emphasis on counter-operations are driving expansion. The increased usage of countermeasure technologies, on the other hand, may stymie market expansion.
MARKET DYNAMICS
KEY DRIVERS
Asymmetric warfare is increasing the number of IED blasts.
IED Detection System Technological Advancement
RESTRAINTS
Protectionist policies limit access to counter-IED technology.
Expensive research and development
OPPORTUNITIES
Emerging Market Demand
Demand from Homeland Security Agencies is Growing
CHALLENGES
Constant system upgrade is a big problem for companies working in the counter-IED market.
To counter IEDs, continuous R&D and investment in varied technologies are essential.
IMPACT OF COVID-19
The emergence of the unique COVID-19 epidemic is expected to have a short-term impact on the worldwide counter-IED market's overall growth. Trade and transportation restrictions are anticipated to be a major impediment to the procurement of raw materials needed to create counter-IED kits and solutions. Furthermore, as governments throughout the world continue to prioritise the fight against emerging coronaviruses, demand for counter-IED technologies may see a modest dip, particularly in 2020. However, innovations and research activities are expected to continue at a steady pace in 2020, resulting in the introduction of new concepts and IED countermeasures in the next years.
The military sector is projected to lead the counter-IED market among end users. Militaries from various countries throughout the world are heavily involved in combating insurgents, terrorists, and other non-state actors who employ improvised explosive devices as a primary instrument to cause increased damage to public and private property and casualties. As a result, militaries from many countries employ various forms of counter-IED weapons to combat the risks posed by these improvised explosive devices.
The counter-IED market's airborne mounted deployment category is expected to develop at the fastest CAGR during the projected period. The expansion of this market segment can be ascribed to the growing usage of airborne platforms by military from various countries to identify improvised explosive devices hidden underground. These platforms are outfitted with various sensors and payloads to detect improvised explosive devices at various ranges.
The global defence sector is continuing to reduce diverse IED risks by focusing on three parameters: detection, protection, and neutralisation. The significant improvement in military vehicle development is largely driven by the increased need to confront the future IED threat. Traditional defence vehicles increasingly gave place to customised infantry fighting vehicles and armoured personnel carriers as a result of adverse ground circumstances and uncertainty. The evolving nature of IEDs deployed by terrorist organisations has prompted counter-IED market participants to maintain a consistent focus on innovation and the deployment of effective counter-IED measures and solutions.
By Deployment
Vehicle mounted
Ship mounted
Airborne mounted
Handheld
By Capability
Detection
Countermeasure
By End User
Military
Homeland Security
By Airborne Mounted
Aircraft
Aerostat
UAV
REGIONAL ANALYSIS:
The counter-IED market in Asia Pacific is expected to develop at the fastest CAGR during the forecast period, followed by the counter-IED market in the Middle East and Africa. The increased usage of improvised explosive devices in terror attacks, as well as rising defence spending in Asia Pacific's emerging economies, are likely to fuel the growth of the Asia Pacific counter-IED market during the forecast period. Several Asian Pacific countries are replacing traditional IED detection techniques with sophisticated ground penetrating radars, laser detectors, and high-resolution optical detection systems.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Thales Group, General Dynamics Corporation, Elbit Systems Ltd, L3 Harris Corporation, Chemring Group, L3 Technologies Inc., Allen-Vanguard Corporation, and other players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.78 Billion |
| Market Size by 2030 | US$ 2.51 Billion |
| CAGR | CAGR of 2.87% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment (Vehicle mounted, Ship mounted, Airborne mounted, Handheld) • By Capability (Detection (ADS, MIDS), and Countermeasure (Jammer, Neutralization)) • By End User (Military, Homeland Security) • By Airborne Mounted [Aircraft, Aerostat, and UAV] |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Thales Group, General Dynamics Corporation, Elbit Systems Ltd, Harris Corporation, Chemring Group, L3 Technologies Inc., Allen-Vanguard Corporation |
| KEY DRIVERS | • Asymmetric warfare is increasing the number of IED blasts. • IED Detection System Technological Advancement |
| Restraints | • Protectionist policies limit access to counter-IED technology. • Expensive research and development |
According to SNS insiders, the Handheld counter IED Market size was USD 2.01 billion in 2021 and is expected to reach USD 2.42 billion by 2028 with a CAGR of 2.69% over the forecasted period.
Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Thales Group, General Dynamics Corporation, Elbit Systems Ltd, Harris Corporation, Chemring Group, L3 Technologies Inc., Allen-Vanguard Corporation,
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Yes, this report cover top down , bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
The sample for the Handheld counter IED Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Handheld counter IED Market Segmentation, by Deployment
8.1 Vehicle Mounted
8.2 Ship mounted
8.3 Airborne mounted
8.4 Handheld
9. Handheld counter IED Market Segmentation, by Capability
9.1 Detection
9.2 Countermeasure
10. Handheld counter IED Market Segmentation, by End User
10.1 Military
10.2 Homeland Security
11. Handheld counter IED Market Segmentation, by Airborne Mounted
11.1 Aircraft
11.2 Aerostat
11.3 UAV
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Lockheed Martin Corporation,
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Raytheon Company,
13.3 Northrop Grumman Corporation,
13.4 Thales Group,
13.5 General Dynamics Corporation,
13.6 Elbit Systems Ltd,
13.7 Harris Corporation,
13.8 Chemring Group,
13.9 L3 Technologies Inc.,
13.10 Allen-Vanguard Corporation,
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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