Counter-IED Market Growth, Trends, and Forecast 2016 – 2024

Counter-improvised explosive devices (IEDs) are essential systems in conflict operations, primarily created for military forces and law enforcement with help from financial and diplomatic communities. These equipment are used to detect explosives precursor components and to defeat IEDs as a part of broader counter-insurgency, counter-terrorism, and efforts on the part of law enforcement agencies. This involves an inclusive approach to counter threat networks which employ IEDs, defeating these systems themselves while training others.

Counter-IED equipment are primarily against adversaries and not only against IEDs as these devices are a subset of many classes of asymmetric warfare put to use by terrorist groups and insurgents. For instance, lightweight vehicles and battle tanks are some devices for countering IED threats. Modern day warfare has further highlighted the usage of detection systems and electronic jammers for the location and prevention of explosives hidden underground.

The key drivers behind the growth of the global counter-IED market include territorial disputes, external and internal security threats, technological innovations, modernization initiatives, and considerable demand for counter-IED equipment from the Afghanistan coalition forces and other regions affected by terrorism and insurgencies.

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However, there are certain restraining factors which have been impeding the growth of the global counter-IED market. These restraints include the strategic withdrawal of the U.S. led coalition from Iraq and Afghanistan, the challenges imposed by the defense budget cuts in several nations, a probable market saturation, market concentration in terrorism prone areas, restricted access to attractive markets due to protectionist policies, the U.S. and European economic crises, and the disinclinationof some countries towards heavy investment in counter-IED equipment more than those meant for a minor fraction of the armed forces.

The market has been declining ever since international operations in Iraq and Afghanistan ended.In spite of the adverse influences, the global counter-IED market is expected to grow at a robust rate in the near future. This is owing to the growth in demand for unmanned systems such as driverless trucks and lighter robots, and demand for counter-IED equipment developing in homeland security.

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