Jul 19, 2017   SOURCE: BusinessWire

Counter-IED Market to Reach $2.03 Billion by 2022 - Key Players are Lockheed Martin, Allen-Vanguard, Chemring Group, Raytheon Company, Northrup Grumman & General Dynamics - Research and Markets

The "Counter-IED Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The counter-IED market is projected to grow from USD 1.78 billion in 2017 to USD 2.03 billion by 2022, at a CAGR of 2.64% from 2017 to 2022.

The growth of the counter-IED market is driven by several factors, which include changing nature of modern warfare, increasing incidences of terrorist attacks across the globe, rising instances of asymmetric warfare, and growing use of offensive weapons for tactical operations by militaries of different countries. However, high costs involved in the R&D activities of counter-IED equipment and technologies and the declining defense budgets of the developed countries are the factors that may restrain the growth of the counter-IED market in the US, the UK, France, and Germany.

Based on the capability, the counter-IED market has been segmented into detection and countermeasures. The countermeasures capability segment of the counter-IED market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. This high growth of this segment of the market can be attributed to the increasing demand for various countermeasure systems that are deployed by the militaries and other agencies of different countries to neutralize the improvised explosive devices (IEDs).

Companies Mentioned

  • Allen-Vanguard Corporation
  • Chemring Group
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Harris Corporation
  • L3 Technologies, Inc.
  • Lockheed Martin Corporation
  • Netline Communications Technologies
  • Northrop Grumman Corporation
  • Raytheon Company
  • SRC, Inc.
  • Sierra Nevada Corporation
  • Thales Group

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trend

7 Counter-IED Market, By End User

8 Counter-IED Market, By Deployment

9 Counter-IED Market, By Capability

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/pxqbbt/counteried