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Counter IED Market Trends

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Report ID: 3186
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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Counter IED Market Trends

Growth Drivers

Rising Focus on the Development of Counter-IEDS
Increasing Incidences of Terror Attacks all Across the World

Challenges

Limited Access to Counter-IED Technologies
High Cost Associated with Product Development

Counter IED Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	2.8%
Base Year Market Size (2023)	USD 2.53 billion
Forecast Year Market Size (2036)	USD 3.62 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Counter IED Market Size & Share, Growth Analysis 2036

Author Credits: Dhruv Bhatia

Report ID: 3186
Published Date: Aug 30, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of counter IED is estimated at USD 2.59 billion.

Counter IED Market size was valued at USD 2.53 billion in 2023 and is likely to reach USD 3.62 billion by 2036, registering around 2.8% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by rising focus on the developments of counter-IEDS and increasing incidences of terror attacks all across the world.

North America is predicted to hold largest revenue share by 2036, on the back of presence of nations such as the United States where the threats from IEDs has been continuously increasing.

The major players in the market are Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Elbit Systems Ltd, Chemring Group PLC, and others.

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