Global Defense Counter-IED Systems Market 2016-2020

Market outlook of defense counter IED systems

A counter improvised explosive devices (IED) is an essential equipment in battlefield operations. Battle tanks, mine resistant, and light weight vehicles are some of the key systems to counter the IED threats. 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. Technavio’s market research analyst predicts the global defense counter IED systems market to grow at a CAGR of approximately 2% during the forecast period.

Product innovations in this market are expected to boost the market growth during the forecast period. One such example is the introduction of unmanned systems, which has gained immense popularity in the global military market. Unmanned systems come with multiple benefits, including neutralizing roadside bombs and IED, screening vehicles and searching buildings, bunkers, caves and tunnels.

Segmentation and analysis of the defense counter IED systems market by systems

• Counter IED vehicles
• Electronic countermeasures
• Detection systems
• Unmanned systems

Counter IED vehicles help in clearing paths for troops through minefields or planted areas of IED, hence this segment have gained immense popularity in the market. The different types of counter IED vehicles are mine-resistant ambush protected, infantry fighting vehicles, main battle tanks, and light multirole vehicle.

Geographical segmentation of the defense counter IED systems market

• Americas
• EMEA
• APAC

The Americas contributed the largest share in the defense counter IED systems market with approximately 51% share of the overall market in 2015. However, this growth is expected to slow down a tad during the forecast period due to the decline in the budget and cut downs in the defense operations in major countries such as the US and Canada.

Competitive landscape and key vendors

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.

The leading vendors in the market include -

• BAE Systems
• General Dynamics
• Lockheed Martin
• Oshkosh Defense
• Rheinmetall Defence

The other prominent vendors of the market include Boeing Defense, Defence Land Systems India (DLSI), Elbit Systems, iRobot Corporation, and Israel Aerospace Industries Ltd.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global defense counter IED systems market?
• What are the key market trends impacting the growth of the global defense counter IED systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global defense counter IED systems market?
• What are the market opportunities and threats faced by the vendors in the global defense counter IED systems market?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC.
• What are the key outcomes of the five forces analysis of the global defense counter IED systems market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Non-Lethal Weapons Market - Research Report 2015-2019
• Global Missile Market 2015-2019
• Global Battlefield Management Systems Market 2016-2020