Defense Counter-IED Systems Market Explores New Growth Opportunities by 2021 | BMR
“Bigmarketresearch.com include new market research report” Defense Counter-IED Systems Market Attractiveness, Competitive Landscape and Forecasts” to its huge collection of research reports.
A counter improvised explosive devices (IED) is an essential equipment in battlefield operations. Battle tanks, mine resistant, and light weight vehicles are some of the key systems to counter the IED threats. The use of electronic jammers and detection systems to prevent and locate explosives hidden under the ground is also gaining popularity in the modern day warfare. Market research analyst predicts the global defense counter IED systems market to grow at a CAGR of approximately 2% during the forecast period.
Product innovations in this market are expected to boost the market growth during the forecast period. One such example is the introduction of unmanned systems, which has gained immense popularity in the global military market. Unmanned systems come with multiple benefits, including neutralizing roadside bombs and IED, screening vehicles and searching buildings, bunkers, caves and tunnels.
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Competitive landscape and key vendors
End-users in the defense counter IED systems market are shifting their focus from quantity to quality, as well as emphasizing on cost-efficiency in the military operations. Therefore, maintaining a balance between cost and quality and at the same time providing an upgrade and retrofit solutions to meet modern military needs is becoming a challenge for vendors in this market.
The leading vendors in the market include –
The other prominent vendors of the market include Boeing Defense, Defence Land Systems India (DLSI), Elbit Systems, iRobot Corporation, and Israel Aerospace Industries Ltd.
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