Market Overview
The global counter IED market will grow at a CAGR of 7.82% during the forecast period 2018 to 2023. The market for counter IED is set to reach US$2,053.0 million by 2023. As per counter IED market analysts, the global market is anticipated to witness growth owing to the factors such as the growing incidences of terror attacks as well as the rise in asymmetric warfare. However, the counter IED market will face challenges and restraints due to the high cost of R&D and the high expenses associated with the R&D during the forecast period 2018 to 2023.
Competitive Landscape
Counter IED has seen tremendous growth, due to the rising investments to develop technologically advanced IED devices and the increasing demand for these systems. However, strict regulations and the growing incidents of threats from external sources would challenge the companies active in the counter IED market. Furthermore, companies using growth strategies to stay ahead in the global counter IED market are expected to help the market during the forecast period 2018 to 2023. As the counter IED market report suggests that the counter IED market will register a CAGR of 7.82% and reach a US$2,053.0 million by 2023, the market report highlights key areas counter IED market based companies need to focus on. The counter IED market research report projects a long term growth till 2023. Based on counter IED market’s analysis on the basis of SWOT and Porters’ Five Force Model, the counter IED market will rise during the forecast period 2018 to 2023, however the companies need to move ahead with caution. The counter IED market research report highlights such key areas.
Market Segmentation
The counter IED market has been segmented into capability, deployment, and end-user. Based on the segment which is capability, the market is categorized on the basis of detection and countermeasure. The global market for counter IED is further segmented based on deployment into airborne, handheld others, ship-mounted, and vehicle-mounted. Furthermore, the market, on the basis of end-user is segmented into military and homeland security.
The counter IED market report offers comprehensive study of the counter IED market segments including capability, deployment, and end-user. The analysts have also studied the counter IED market’s spread across the regional markets across many of the counter IED market’s segments at country levels. The capability, deployment, and end-user segments spread across the counter IED market along with the subsegments are studied. The global market for counter IED is spread across various product and service based segments. The counter IED market research report highlights these key segments and offers forecasts based on primary and secondary data. The global counter IED market research report presents key company profiles of organizations active across the counter IED market.
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Regional Analysis
Various restrictions on the supply may hinder the counter IED market growth. The counter IED market research report suggests that companies in the counter IED market could be supported by the growing incidences of terror attacks as well as the rise in asymmetric warfare during the forecast period. The counter IED market is set to register growth at a high CAGR owing to these key factors. The counter IED market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per counter IED market analysts, the counter IED market is set to witness tremendous growth across capability, deployment, and end-user segments. The global counter IED market’s North American region covers counter IED markets across the United States, Mexico, Canada, and others. Businesses present in the counter IED market are also profiled and their strategies have been presented in detail in the counter IED market research report.
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