Explosive Ordnance Disposal Equipment Market Growth Analysis | 2024-2030

Explosive Ordnance Disposal Equipment Market Growth Analysis | 2024-2030

Explosive Ordnance Disposal Equipment Market Growth Analysis | 2024-2030
Report code - SRAD326 Delivery - 2 Weeks
Explosive Ordnance Disposal Equipment Market Size, Share, Trends, Dynamics, Forecast, & See more...

Market Insights

The explosive ordnance disposal equipment market was estimated at USD 5.4 billion in 2023 and is likely to grow at a CAGR of 4.56% during 2024-2030 to reach USD 7.39 billion in 2030.

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Market Dynamics

Introduction

Explosive Ordnance Disposal (EOD) equipment refers to the tools and equipment used to detect, dispose, and provide protection during explosive disposal operations.

Market Drivers

The growth is attributed to increasing demand for military ground robots which are programmed to diffuse bombs and other explosives, as it is safer to diffuse bombs through robots than manually. The increasing number of militancy groups across the globe is further resulting in an increase in demand for the explosive ordnance disposal equipment market.

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Key Players

Some of the major market players are:

  • Northrop Grumman Corporation
  • Safariland LLC
  • Reamda Ltd.
  • NABCO Inc
  • Scanna Msc Ltd
  • iRobot Corporation
  • API Technologies Corp.
  • Du Pont (E.I) De Nemours
  • Cobham plc
  • Chemring Group PLC.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Equipment Type Analysis

Portable X-ray Systems, Projected Water Disruptors, Bomb Containment Chambers, EOD Suits and Blankets, EOD Robots, Explosive Detectors, Search Mirrors, and Others

The explosive detector segment is estimated to grow with the highest CAGR during the forecast period.

Application Type Analysis

Defense, Law Enforcement

The defense industry segment is expected to remain the largest segment by application over the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North America is estimated to be the largest market for explosive ordnance disposal equipment during the forecast period.

By Equipment Type

Based on the equipment type, the explosive ordnance disposal equipment market is segmented as portable X-ray systems, projected water disrupters, bomb containment chambers, EOD suits and blankets, EOD robots, Explosive Detectors, search mirrors, and others. The explosive detector segment is estimated to grow with the highest CAGR during the forecast period. The growing use of explosive detectors in public places such as malls and airports due to safety concerns with increasing threats from terrorists and militants across the globe is resulting in high growth in demand for EOD explosive detectors during the forecast period.

By Application Type

Based on the application type, the market is segmented into defense and law enforcement. The defense industry segment is expected to remain the largest segment by application over the forecast period, owing to the increasing deployment of soldier modernization programs that employ EOD robots as well as the use of other counter-terrorism equipment and strategies.

Regional Insights

In terms of regions, North America is estimated to be the largest market for explosive ordnance disposal equipment during the forecast period due to huge investments in soldier modernization through warfare training and advanced defense equipment.

Explosive-Ordnance-Disposal-Equipment-Market-Regional-Insights

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Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects explosive ordnance disposal equipment market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The explosive ordnance disposal equipment market is segmented into the following categories:

By Application Type

  • Defense
  • Law Enforcement

By Equipment Type

  • Portable X-Ray Systems
  • Projected Water Disruptors
  • Bomb Containment Chambers
  • EOD Suits and Blankets
  • EOD Robots
  • Explosive Detectors
  • Search Mirrors
  • Others

By Region

  • North America (Country Analysis: the USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
  • South America (Country Analysis: Brazil, Argentina, and the Rest of South America)
  • The Middle East & Africa (Sub-Region Analysis: the Middle East, and Africa)

Explosive-Ordnance-Disposal-Equipment-Market-Segmentation

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the equipment types by application type.

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Explosive ordnance disposal equipment refers to the tools and equipment used to detect, dispose, and provide protection during explosive disposal operations.

The explosive ordnance disposal equipment market was estimated at USD 5.4 billion in 2023.

The explosive ordnance disposal equipment market is likely to reach USD 7.39 billion in 2030.

The explosive ordnance disposal equipment market is likely to grow at a CAGR of 4.56% during 2024-2030.

Northrop Grumman Corporation, Safariland LLC, Reamda Ltd., NABCO Inc, Scanna Msc Ltd., iRobot Corporation, API Technologies Corp., Du Pont (E.I) De Nemours, Cobham plc, and Chemring Group PLC are among the top players in the market.

North America is expected to be the largest market during the next five years.

The explosive detector segment is expected to grow with the highest CAGR in the market in the coming years.

Increasing demand for military ground robots, increasing number of militancy groups across the globe are the factors driving the growth of the market.

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