Market Size of Explosive Ordnance Disposal Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.43 Billion |
| Market Size (2029) | USD 6.84 Billion |
| CAGR (2024 - 2029) | 4.71 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Explosive Ordnance Disposal Market Analysis
The Explosive Ordnance Disposal Market size is estimated at USD 5.43 billion in 2024, and is expected to reach USD 6.84 billion by 2029, growing at a CAGR of 4.71% during the forecast period (2024-2029).
Explosive ordnance disposal (EOD) equipment is typically used by the military, navy, and other defense organizations to detect potential threats or for law enforcement purposes. The growing threats from terrorist and insurgent groups are forcing governments to procure EOD tools and equipment to detect and diffuse explosives quickly and effectively, fueling the growth of the market.
The increasing emphasis on using UGVs and robotic explosive disposal units for EOD activities to reduce the threat to the military and law enforcement personnel is expected to generate new player opportunities. Growing investments from key players in research and development and a rising focus on improving security drive the market growth. For instance, in March 2022, 3DX-Ray launched a 3DX range of EOD bomb disposal suits. It includes both the 3DX-EOD bomb disposal suit and the 3DX-search suit. The search suit is mainly designed for personnel involved in the search for and clearing of suspected terrorist explosive devices. It is lightweight, provides all-around 360° protection, is comfortable to wear, and allows virtually unrestricted movement.
