This market research report outlines the market size and forecast of the global defense counter IED systems market and segmentation by systems (counter IED vehicles, electronic countermeasures, detection systems, and unmanned systems) and by geography (the Americas, EMEA, and APAC). The key vendors analyzed in this report are BAE Systems, General Dynamics, Lockheed Martin, Oshkosh Defense, and Rheinmetall Defence.
Technavio’s market research analysts estimate the global defense counter IED systems market to grow at a CAGR of around 2% between 2016 and 2020. The use of electronic jammers and detection systems to prevent and locate explosives hidden under the ground is also gaining popularity in the modern day warfare. The military troops use battle tanks, mine resistant, and light weight vehicles are some of the key systems to counter the IED threats. The Americas id the largest market for defense counter IED systems, occupying around 51% of the overall market share.
The new market research report from Technavio provides a breakdown and analysis of the defense counter IED systems segments by technology.
“Of late, the global military market is witnessing huge demand for unmanned systems for locating enemies, planning strategies and gathering information. These systems help in neutralizing roadside bombs and IED, screening vehicles, and searching buildings, bunkers, caves and tunnels. Also, its enables military troops to inspect perilous objects from a safe distance,” says Abhay Sinha, Lead Analyst, Aerospace & Defense, Technavio Research.
Counter IED vehicles have gained immense popularity in the defense counter IED systems market, as they help in clearing paths for troops through minefields or planted areas of IED. The different types of counter IED vehicles are mine-resistant ambush protected, infantry fighting vehicles, main battle tanks, and light multirole vehicle.
The leading vendors in the global defense counter IED systems market are BAE Systems, General Dynamics, Lockheed Martin, Oshkosh Defense, and Rheinmetall Defence. End-users in the defense counter IED systems market are shifting their focus from quantity to quality, as well as emphasizing on cost-efficiency in the military operations. Therefore, maintaining a balance between cost and quality and at the same time providing an upgrade and retrofit solutions to meet modern military needs is becoming a challenge for vendors in this market.
A more detailed analysis is available in the Technavio report, Global Defense Counter IED Systems Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Non-Lethal Weapons Market – Research Report 2015-2019
- Global Missile Market 2015-2019
- Global Battlefield Management Systems Market 2016-2020
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