Counter-IED Market In-Depth Analysis by Industry Overview and Insights 2026 | COVID-19 Analysis

The market research report, entitled Counter-IEDshows good possibilities in the Counter-IEDmarket during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.

Global Counter-IEDMarket Forecast:

The global Counter-IEDmarket is forecasted to grow at a rate of 4.4% CAGR during the period of 2021-2026.  Counter-IEDMarket will be experiencing an escalation in demand attributed to the growing usage of Counter-IEDin the market. The XYZ market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.

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Some linchpins in the market are

BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments

Counter-IEDMarket Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Counter-IEDmarket segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

Chemring Group PLC

L3Harris Technologies

Northrop Grumman Corporation

Elbit Systems, Ltd.

Lockheed Martin Corporation

Sierra Nevada Corporation

BAE Systems

Thales Group

QinetiQ

General Dynamics Corporation

Denel SOC Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Counter-IED Market value and growth drivers over the trend period of 2020-25. According to the report –

The global C-IED market is likely to reach a value of US$ 1,406.7 million in 2025, experiencing a healthy CAGR of 1.7% during 2020-2025. The C-IED market is extremely ambivalent, dependent on several unpredictable factors such as budgets, conflicts, country-specific war tactics, and the overall need of the hour. Prevalent tensions among powerful countries may create a sudden spike in demand, turning the entire tables. Also, the whirlwind of evolvement in IEDs presents huge opportunities for the market stakeholders to develop advanced and more efficient counter-IED equipment in order to satiate the market needs.

Segment Analysis:

Based on End-user Type:

Based on the end-user type, we have segmented the market as military and homeland security. The military segment continues to be the key demand generator of C-IEDs owing to high military spending coupled with the pressing need to counter cross-border terrorism. Homeland security, another market for C-IEDs, is anticipated to witness higher growth over the next five years, supported by an increased budget of homeland security by the governments of several countries including China.

Based on Region:

In terms of regions, North America is expected to remain the largest market for C-IEDs during the forecast period. The USA is the growth engine of the region’s market with massive defense spending and increased focus towards the adoption of emerging C-IED technologies. The US Army, the US Navy, and the US Marine Corps are the major demand generators of C-IED equipment and have formed several long-term contracts with the major market players. For instance, in 2018, Chemring Group PLC was awarded a contract worth US$ 92.6 Million to supply Husky Mounted Detection System to the US Army.

 

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COVID-19 IMPACT Analysis on Counter-IEDMarket

Coronavirus has influenced every one of the organizations, little or large, dealing in any sector. The growth curves of XYZ market have seen immense fluctuations in the year 2021. The market scenario and the pace of growth have taken a colossal turn and have prompted numerous adjustments in the cycles, which will have repercussions for a significant stretch. 2021 is probably going to be superior to 2021 for the XYZ market players as the greater part of the organizations have continued their activities and the interest is getting reestablished for them.

Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.

Regional Analysis

The assessment of the pandemic reveals an enormous transformation in both short, as well as long-term regional business. With some barriers along the road, the Counter-IEDmarket stakeholders hope to regain stability in 2021, with flourishing demand and a hassle-free market environment. In terms of region, North America and Russia held the major chunk of the market in and before 2021. Despite several setbacks and the pandemic’s impact, the regions having the presence of key players, are likely to maintain their dominance in the upcoming years. According to the report, North America. region is expected to handle the crisis most efficiently, growing at the highest rate during the five-year tenure and is expected to become the next potential manufacturing hub.

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Stratview Research

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About Stratview Research

Stratview Research is a global market intelligence firm helping its clients’ tract the ever-evolving market scenarios through customised and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.

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