Counter IED Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
2.8% |
|
Base Year Market Size (2024) |
USD 2.6 billion |
|
Forecast Year Market Size (2037) |
USD 3.72 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of counter IED is assessed at USD 2.66 billion.
Counter IED Market size was over USD 2.6 billion in 2024 and is projected to reach USD 3.72 billion by 2037, witnessing around 2.8% CAGR during the forecast period i.e., between 2025-2037.
North America industry is poised to account for largest revenue share by 2037, 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.
