The counter-IED market is projected to grow from USD 1.78 billion in 2017 to USD 2.03 billion by 2022, at a CAGR of 2.64% during the forecast period from 2017 to 2022.
Asymmetric warfare leading to increase in IED blast
Changing nature of warfare around the world is increasing the demand for advanced counter-IED. The defense forces worldwide which are engaged in low-intensity battles with asymmetrical combatants are increasingly using IEDs as a major weapon. Terrorist groups and organizations are innovating new IED detonating techniques which are one of the main causes of concern for militaries.
These situations have forced various nations to build advanced counter-IED capabilities to defend themselves from unwanted IED attacks. For instance, in 2016, Zel Technologies was awarded a contract by Joint Improvised-Threat Defeat Agency to research and develop counter-IED technologies. In 2017, U.S. awarded a contract for Ground Penetrating Radar (GPR) trial systems to enhance GPR-based Husky Mounted Detection System ("HMDS") program.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78121179
How is increasing demand from homeland security agencies creating opportunities for the counter-IED market?
Terrorists are targeting civilians and public assets using IEDs and restricting them is a major challenge for homeland security forces and agencies. Hence, homeland security is one of the major end users of counter-IEDs. Countries such as India, the UK, France, Turkey, and Iran, among others are facing immense threats from IED blasts. Homeland security agencies of these countries are increasingly procuring advance IED detection and countermeasure equipment. Similarly, US Joint Improvised-Threat Defeat Organization trains homeland security personnel and assists them in the handling and procurement of counter-IEDs.
The demand for counter-IEDs from the homeland security segment is increasing, specially from terrorism-affected countries, such as India and Israel, among others. For instance, India is continuously investing in counter-IED technologies and procuring MRAP vehicles for its state forces who are dealing with IED attacks in terrorist affected regions.
Is the development of robust IED countermeasures the biggest challenge in the market?
Constant upgrades to systems is a major challenge for companies involved in the market. Continuous research & development and investment in diverse technologies are required to develop effective counter-IEDs. For instance, the US, in its MRAP program, is continuously upgrading its vehicles with updated software and advanced counter-IED solutions. This also includes enhancing the armour protection of vehicles, adding new IED detection technologies, and equipping soldiers with IED protection gear. Companies such as Chemring Group (UK) and Israel Aerospace Industries (Israel) are involved in the development of IED detection and countermeasure technologies due to the continuous evolvement of IEDs.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email:Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/mine-ied-detection-system-market-78121179.html
