What Transformation Has the Counter-IED Market Undergone?
The counter-ied market has seen considerable growth due to a variety of factors.
•In recent times, the counter-IED market has witnessed a modest expansion. Its size is anticipated to rise from $1.41 billion in 2024 to $1.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 1.4%.
The surge during the historical period can be associated with factors such as threats of worldwide terrorism, armed forces' operations in areas of conflict, government-driven initiatives and expenditure, the escalating complexity of IEDs, and collaborative efforts at an international level.
How Will The Counter-IED Market Size Evolve In The Foreseeable Future?
The counter-ied market is expected to maintain its strong growth trajectory in upcoming years.
• The counter-IED sector is predicted to experience consistent expansion over the coming years, with an expected total market value of $1.57 billion in 2029 and a compound annual growth rate of 2.4%.
The anticipated growth during this period can be credited to factors such as advancements in military modernization, issues presented by urban warfare, the need for critical infrastructure defense, and the implementation of unmanned systems. Noteworthy trends during the forecast period are improved CBRNE detection capabilities, worldwide cooperation on counter-terrorism measures, a focus on interfering with supply chains, the creation of light and easily transported solutions, the use of machine learning in threat evaluation, and the incorporation of multi-sensor fusion.
Which Drivers Are Accelerating Growth In The Counter-IED Market?
The escalation in expenditure on military measures is predicted to drive the expansion of the counter-IED market in the future. Related to a nation's investment in military resources, military expenditure includes funding for the armed forces and peacekeeping troops, accounting for all present and future capital expenditure. Counter-IED equipment, deployed as part of broader counterterrorism, counterinsurgency, or legal enforcement efforts, is designed to detect and dismantle explosives or precursors of explosives from a distance, as well as the actual improvised explosive devices (IEDs). For example, in April 2022, the Stockholm International Peace Research Institute, a Swedish organization and independent global security resource, reported that worldwide military expenditure continued to rise in 2021, with a 0.7% real-term increase pushing the total figure up to $2,113 billion. As a result, the surge in military spending is propelling the growth of the counter-IED market.
What Are The Core Segments Of The Global Counter-IED Market?
The counter-IED market covered in this report is segmented –
1) By Capability: Detection, Counter Measures
2) By Deployment Type: Vehicle Mounted IED Detection System, Ship Mounted IED Detection System, Aircraft Mounted IED Detection System, Handheld IED Detection System, Other Deployment Types
3) By Application: Military, Homeland Security
Subsegments:
1) By Detection: Ground-Based Detection Systems, Airborne Detection Systems, Handheld Detection Devices, Fixed Detection Systems
2) By Counter Measures: Jamming Systems, Disruption Systems, Neutralization Systems, Robotic Counter-LED Systems
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Which Emerging Trends Are Reshaping The Counter-IED Market Size?
Primary businesses in the counter-IED market, such as C-Guard Microsystems, are directing their efforts towards the creation of inventive solutions. A manpack counter-IED device is a portable, wearable gadget specifically engineered to combat the threat of Improvised Explosive Devices (IEDs). These systems are intended to be worn by individuals, often part of the military or security staff, to detect and neutralize or minimize the risks associated with IEDs. For example, in November 2023, Netline Communications Technologies Ltd., a company based in Israel that manufactures electronic countermeasures, declared the unveiling of the 'C-Guard Modular Manpack'. This Electronic Warfare (EW) system is designed to resolve problems brought about by both IEDs and hostile drones. The system, being compact and portable, offers extensive jamming capabilities suitable for several situations, including tasks aimed at combating terrorism. It is designed for use in military and law enforcement operations.
Who Are the Key Players in the Counter-IED Market?
Major companies operating in the counter-IED market include:
• Raytheon Company
• Lockheed Martin Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• Thales Group
• L3Harris Technologies Inc.
• Leonardo SpA
• BAE Systems Land & Armaments Inc.
• Oshkosh Defense LLC
• Rheinmetall AG
• Elbit Systems Inc.
• Israel Aerospace Industries Ltd.
• Saab AB
• Sierra Nevada Corporation
• QinetiQ Group plc
• Mobility Engineering Technology
• Chemring Group plc
• SRC Inc.
• Safariland LLC
• Navistar Defense LLC
• NIMR Automotive LLC
• ECA Group
• Revision Military Inc.
• Allen-Vanguard Corporation
• Cobham plc
• ArmorSource LLC
• Point Blank Enterprises Inc.
• Netline Communication Technologies
What are the Regional Insights into the Counter-IED Market?
North America was the largest region in the counter IED market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the counter-IED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
