Counter Ied Market Report

Market Insights

"The global C-IED market is likely to reach a value of US$ 1,406.7 million in 2025, experiencing a healthy CAGR of 1.7% during 2020-2025".

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Market Dynamics

Introduction

Improvised explosive device or IED is a type of unconventional explosive weapon that can be activated in several ways and can take any form. Rising occurrences of asymmetric warfare and snowballing incidences of terror attacks across the globe are the key reasons why there is a dire need for efficient ways to counter this looming threat. This is where counter-IEDs or C-IEDs come into play and are becoming an increasingly crucial aspect of warfare and military operations.

COVID-19 Impact

The COVID-19 Pandemic has brought forth several unprecedented challenges for the defense industry including increased COVID-19-related costs, disruption in the supply chain, travel restrictions, production halts, labor crisis, and impacts of remote and adjusted work schedules. Due to the pandemic, in the USA, about 279 defense contracting locations were compelled to shut down for an average of 20 days since April. Several countries’ budget allocation and funding have directly or indirectly been impacted by the pandemic, which may cause a trickle-down effect on the C-IED market.

However, the proactive formation of strategies by the defense companies is helping them to mitigate the loss in their margin levels and revenues, triggered by the Pandemic. Further, the rise in the military expenditure of key economies coupled with the favorable timing of contracts proves to be game-changing for defense companies in this breath-taking market conditions.

Market Drivers

The C-IED market is extremely ambivalent, dependent on several unpredictable factors such as budgets, conflicts, country-specific war tactics, and the overall need of the hour. Prevalent tensions among powerful countries may create a sudden spike in demand, turning the entire tables. Also, the whirlwind of evolvement in IEDs presents huge opportunities for the market stakeholders to develop advanced and more efficient counter-IED equipment in order to satiate the market needs.

The C-IED Market is gradually heading towards consolidation as the industry recorded a good number of mergers & acquisitions to tap growing opportunities in this briskly expanding market. For instance, in 2019, L3 Technologies and Harris Corporation merged, making a global leader in defense technology. In the past decade, L3 acquired Micreo Limited and ITT Exelis to augment its position in the market.

Segments' Analysis

By End-User Type

"The military segment continues to be the key demand generator of C-IEDs".

• We have segmented the market as military and homeland security.
• The military segment continues to be the key demand generator of C-IEDs owing to high military spending coupled with the pressing need to counter cross-border terrorism.

"Homeland security, another market for C-IEDs, is anticipated to witness higher growth over the next five years".

• Supported by an increased budget of homeland security by the governments of several countries including China.

By Deployment Type

"The vehicle-mounted segment is expected to maintain its irrefutable lead in the market until 2025".

• The market is segmented as vehicle-mounted C-IEDs, ship-mounted C-IEDs, airborne-mounted C-IEDs, handheld C-IEDs, and other C-IEDs. The vehicle-mounted C-IEDs segment is further broken down into armored vehicles, unmanned ground vehicles, and others. Similarly ship-mounted c-IEDs into naval and unmanned maritime vehicles, airborne-mounted C-IEDs into aircraft, aerostat, and unmanned aerial vehicles.
• The vehicle-mounted segment is expected to maintain its irrefutable lead in the market until 2025. The vehicle-mounted C-IEDs can be used for detection, destruction, and/or jamming. They may have several sub-systems enabling the use of one vehicle for multiple capabilities (detection and countermeasure). All the major players have the capability of supplying vehicle-mounted C-IEDs.

By Capability Type

"Detection is likely to remain the dominant capability type in the market during the forecast period".

• The market is segmented as detection and countermeasure.
• The detection system is further segmented into the above-surface detection system, underground mine and IED detection system, stand-off IED detector, and remote IED detection equipment. Similarly, the countermeasure system is also bifurcated into jammers and neutralizers.
• Detection is likely to remain the dominant capability type in the market during the forecast period. It is the key revenue generator for the market with devices such as metal detectors, x-ray scanners, robotic systems, and counter-UAS. Countermeasure is expected to be the faster-growing capability type with jammers gaining more traction in the market.

Regional Analysis

"North America is expected to remain the largest market for C-IEDs during the forecast period".

• The USA is the growth engine of the region’s market with massive defense spending and increased focus towards the adoption of emerging C-IED technologies. The US Army, the US Navy, and the US Marine Corps are the major demand generators of C-IED equipment and have formed several long-term contracts with the major market players. For instance, in 2018, Chemring Group PLC was awarded a contract worth US$ 92.6 Million to supply Husky Mounted Detection System to the US Army.

"Asia-Pacific, the second-largest market after North America, is estimated to grow at the fastest pace in the coming five years".

• China is estimated to maintain its dominance in the Asia-Pacific’s market in the foreseen future, driven by its large defense and homeland security budgets. On the other hand, India is estimated to be the fastest-growing market for the same period, propelled by rising bomb attacks and an increased focus on defense spending.

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Key Players

The supply chain of this market comprises component manufacturers, C-IED system manufacturers, defense companies, defense departments, navies, armies, commercial companies, etc.

The key players in the C-IED Market are-

• Chemring Group PLC
• L3Harris Technologies
• Northrop Grumman Corporation
• Elbit Systems, Ltd.
• Lockheed Martin Corporation
• Sierra Nevada Corporation
• BAE Systems
• Thales Group
• QinetiQ
• General Dynamics Corporation
• Denel SOC Ltd.

All the major players have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, the formation of long-term contracts, new product developments, and strategic alliances are some of the key strategies adopted by major players to gain a competitive edge in the market.

Report Features

Stratview Research’s paragon Counter-IED Market Report is designed in such a way that it addresses most of the industry stakeholders’ concerns regarding market competition, future market directions, low-hanging fruits, key emerging trends, the Pandemic’s possible impact, key strategies of market participants, and high-growth regions. The team has conducted more than 15 detailed primary interviews across the supply chain including component manufacturers, C-IED and defense companies, as well as industry experts, to portray a 360-degree view of the market. Also, 1,000+ reliable secondary sources were exhaustively leveraged to comprehend the market insights to the next level. This 230-page lucid study comprises over 225 tables and figures providing different market angles and insights.

What Deliverables Will You Get in this Report?

The C-IED Market is segmented into the following categories:

By End-User Type

• Military
• Homeland Security

By Deployment Type

• Vehicle-Mounted C-IEDs
  • (Type: Armored Vehicles, Unmanned Ground Vehicles, and Others)
• Ship-Mounted C-IEDs
  • (Type: Naval and Unmanned Maritime Vehicles)
• Airborne-Mounted C-IEDs
  • (Type: Aircraft, Aerostat, and Unmanned Aerial Vehicles)
• Handheld C-IEDs
• Other C-IEDs

By Capability Type

• Detection
  • (Type: Above-Surface Detection System, Underground Mine and IED Detection System, Stand-Off IED Detector, and Remote IED Detection Equipment)
• Countermeasure
  • (Type: Jammers and Neutralizers)

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Israel, Saudi Arabia, and Others)

Research Methodology

• For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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
• We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data
• More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

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 three players)
• SWOT analysis of key players (up to three players)

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 the 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 at sales@stratviewresearch.com