According to a new market research report published by Credence Research “Countermine and Counter-IED Equipment Market (Equipment Type – Countermine and Counter-IED Vehicles, Body Worn Protection, Electronic Countermeasures, Detection Systems and Unmanned Systems; End-users – Military and Law Enforcement)– Growth, Future Prospects and Competitive Analysis, 2017 – 2025”, the global countermine and counter-IED equipment market is estimated to hit US$ 3.45 Bn by 2025.
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Landmines and Improvised Explosive Devices (IED) are among the most preferred arsenals of terrorist groups. They have become a bigger threat in unconventional warfare considering the paramount damage they can cause. As the name suggests, countermine and counter-IED equipment helps in countering landmines and IED by detecting, mitigating and disposing them. IEDs are manufactured in large scale by non-state armed groups such as the Islamic State in Iraq and Syria (ISIS), causing enormous civilian harm. According to a research conducted by Policy Institute at King’s College London and Chatham House, IEDs were responsible for a total of 105,071 civilian casualties between 2011 and 2015. This was a staggering 59% of all casualties caused from explosive violence worldwide. Considering the magnitude of landmine and IED casualties, the detection and destruction/removal of these explosives becomes immensely important. However, these operations are time consuming with high risk of casualty. Subsequently, countermine and counter-IED equipment have been gaining significant adoption over the period of time.
Moreover, defense modernization programs have also resulted in the increased adoption of countermine and counter-IED equipment. Several countries in the world such as the U.S., China and India among others have increased their defense budgets in 2017, thereby driving the demand for defense equipment (such as countermine and counter-IED). Geopolitical disturbances developing between countries is another important factor driving the market growth.
Some of the major players profiled in the report are Allen-Vanguard Corporation, General Dynamics Corporation, Lockheed Martin Corporation, Chemring Group PLC, Raytheon Company, Northrup Grumman Corporation, Elbit Systems Ltd., Sierra Nevada Corporation, L3 Technologies, Inc. and Harris Corporation among others.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Countermine and Counter-IED Equipment Market
2.2 Global Countermine and Counter-IED Equipment Market, By Equipment Type
2.3 Global Countermine and Counter-IED Equipment Market, By End-users
2.4 Global Countermine and Counter-IED Equipment Market, By Geography
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Countermine and Counter-IED Equipment Market Value and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook …
Chapter 10 Company Profiles
10.2 General Dynamics Corporation
10.3 Lockheed Martin Corporation
10.4 Chemring Group
10.5 Raytheon Company
10.6 Northrup Grumman Corporation
10.7 Elbit Systems Ltd.
10.8 Sierra Nevada Corporation …
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