Explosive Ordnance Disposal Equipment Market Growth Analysis | 2023-2028

Market Insights

The Explosive Ordnance Disposal Equipment Market is likely to witness a steady CAGR of 4.1% during the forecast period.

What is explosive ordnance disposal equipment?

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

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Market Dynamics

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. Increasing number of militancy groups across the globe is further resulting in an increase in demand for the explosive ordnance disposal equipment market.

Segment Analysis

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.

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Market Segmentation

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 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)

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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.

Research Methodology

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 10 detailed primary interviews with the market players across the value chain in all four regions and with 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

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.