US Counter IED Market
ID: MRFR/A&D/12303-US | 100 Pages | Author: Garvit Vyas| December 2023
Us Counter Ied Market Overview
North America Counter IED Market: Pioneering Advanced Security Solutions The North America Counter Improvised Explosive Device (IED) market has emerged as a trailblazer in the realm of security, holding a commanding market share of 31.24%. Demonstrating a proactive stance, the region invests significantly in cutting-edge technologies to counter the evolving threats posed by IEDs. This leadership is underscored by a substantial increase in military spending, with governments prioritizing the development and deployment of advanced technologies to stay ahead of emerging threats. Responding to the escalating frequency of terrorist attacks, North America actively engages in collaborative efforts for research and development in countering IEDs. Partnerships between governments, defense contractors, and research institutions foster innovation, enabling the region to stay at the forefront of technological advancements. The integration of advanced technologies, particularly unmanned systems, plays a pivotal role in the region's success in countering IEDs. With a forecasted Compound Annual Growth Rate (CAGR) of 2.92%, the North America Counter IED market stands as a beacon of innovation and preparedness, contributing not only to its own security but also to global efforts in maintaining peace and stability.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 1.5 billion |
| Market Size 2023 | USD 1.53 billion |
| Market Size 2030 | USD 1.79 billion |
| Compound Annual Growth Rate (CAGR) | 2.63% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | End-Users, Capability, Deployment, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Elbit Systems Ltd (Israel), Northrop Grumman Corporation (US), L3 Technologies (US), Thales Group (France), Harris Corporation (US), Lockheed Martin Corporation (US), Chemring Group PLC (UK), BAE Systems (UK), Raytheon Company (US), General Dynamics Corporation (US). Â |
| Key Market Opportunities | ·        The increased investments by the leading businesses to produce technologically superior IED devices. |
| Key Market Dynamics | ·        • An increase in terrorist attacks using improvised explosive devices. |
Frequently Asked Questions (FAQ) :
The expected market size of the US Counter IED Market in 2024 is approximately 436.8 million USD.
By 2035, the projected market size for the US Counter IED Market is anticipated to reach around 570.67 million USD.
The expected CAGR for the US Counter IED Market from 2025 to 2035 is 2.46%.
The Security military segment holds the largest market share in the US Counter IED Market, valued at 256.8 million USD in 2024.
The market value of the Homeland segment for the US Counter IED Market in 2024 is 180.0 million USD.
Key players in the US Counter IED Market include Lockheed Martin, General Dynamics, and BAE Systems among others.
The projected value of the Security military segment is estimated to be 337.11 million USD by 2035.
Key growth drivers include increasing security threats and advancements in detection and neutralization technologies.
Current global conflicts are likely to increase demand for counter IED solutions, thereby positively impacting market growth.
Anticipated opportunities include investment in innovative technologies and expanding applications in Homeland Security.
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