Market Share of Counter-IED Industry
Lockheed Martin Corporation, L3Harris Technologies Inc., Elbit Systems Ltd, Northrop Grumman Corporation, and Thales Group are some of the prominent players in the counter-IED market. To increase their foothold in the market, the companies are investing in the research and development of new products and solutions that will effectively detect the IEDs and dismantle them more securely. In this regard, in February 2022, DroneShield Limited, a counter unmanned aerial systems (UAS) provider, and Allen-Vanguard, a manufacturer of counter-improvised explosive devices (IED) entered into a partnership to explore the development of new products and also market an integrated counter-UAS and counter-IED system to their customers. Such partnership among the players to introduce new products in the market with additional capabilities is anticipated to support the companies expand their geographic presence. Also, the focus is being shifted to the use of unmanned systems for counter-IED operations. Players can focus on producing autonomous products compatible with unmanned systems, which may help them to sustain in the changing market landscape.
Counter IED Market Leaders
Lockheed Martin Corporation
L3Harris Technologies Inc.
Elbit Systems Ltd
Northrop Grumman Corporation
Thales Group
*Disclaimer: Major Players sorted in no particular order
