To get more information on Handheld Counter IED Market - Request Free Sample Report
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.
Need any customization research on Handheld Counter IED Market - Enquiry Now
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Global Aerospace & Defense Market Size is valued to reach USD 1417.87 Bn by 2031, and the market size in 2023 was recorded at USD 899.72 Bn. The CAGR calculated for this market is 5.85% for the forecast period of 2024-2031.
The Remote Towers Market Size was valued at USD 0.35 billion in 2023 and is expected to reach USD 1.79 billion by 2032 and grow at a CAGR of 19.9% over the forecast period 2024-2032.
The Public Safety Drone Market Size was valued at USD 1.1 billion in 2023 and is expected to reach USD 3.3 billion by 2032 and grow at a CAGR of 13.2% over the forecast period 2024-2032.
The Aircraft Fairings Market Size was valued at USD 2.10 billion in 2023 and is expected to grow to USD 3.76 billion by 2032, achieving a compound annual growth rate (CAGR) of 6.72% over the forecast period from 2024 to 2032.
The Unmanned Underwater Vehicles (UUV) Market Size was valued at USD 4.12 billion in 2023 and is expected to reach USD 13.29 billion by 2031 with an emerging CAGR of 15.8% over the forecast period 2024-2031.
The Tactical Optics Market Size was valued at USD 11.34 billion in 2022 and is expected to reach USD 18.77 Billion by 2030 with a growing CAGR of 6.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
