Market Size of Counter-IED Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Counter IED Market Analysis
The counter-IED market is poised to register a CAGR of over 2% during the forecast period (2022 - 2031).
The impact of the COVID-19 pandemic on the counter-IED market is negligible as the investments of governments into the protection of their personnel against improvised explosive devices (IEDs) have remained unaffected.
The increasing incidences of terror attacks involving improvised explosive device blasts across the world as well as growth in asymmetric warfare, which is expected to increase the usage of IEDs, is expected to propel the procurement of counter IED devices by the law enforcement and armed forces of various countries.
The increasing investments in the development and introduction of technologically advanced detection and counter IED systems are expected to boost the growth of the market in the years to come.
