Market Insight-Global Counter-IED Equipment on EW Market Overview 2024
Global Counter-IED Equipment on EW Market Was Valued at USD 1910.00 Million in 2022 and is Expected to Reach USD 2589.17 Million by the End of 2029, Growing at a CAGR of 4.46% Between 2023 and 2029.– Bossonresearch.com
In the immediate post-Cold War era, electronic warfare gained prominence as a potential way to mitigate threats from improvised explosive devices (IEDs). Therefore, through C-IEDs electronic warfare systems are made to jam IEDs communication radio frequencies to prevent them from detonating, eliminating IEDs Threats, thereby helping the military achieve its operational plans.
The main development trends of Counter-IED Equipment on EW Market encompass several noteworthy facets. Firstly, the market is witnessing a rapid integration of advanced technologies, such as artificial intelligence, machine learning, etc. This integration aims to augment operational efficiency and refine threat detection accuracy, responding to the demand for more intelligent and effective solutions against the evolving threats posed by improvised explosive devices (IEDs). Moreover, there is a consistent rise in the application of unmanned systems and robotics within Counter-IED equipment, underscoring the increasing significance of automated solutions, including unmanned drones and vehicles, in the realm of threat detection and mitigation. Additionally, the ongoing integration of multi-sensor fusion systems and advanced communication technology strengthens the devices, enabling all-encompassing monitoring in various conditions and bolstering prevention capabilities against IED threats. The escalating need for equipment portability and flexibility is spurred by the imperative to adapt to the diverse and intricate nature of military missions.
Furthermore, the integration of electronic warfare and cyber warfare emerges as a pivotal future development, highlighting the comprehensive role of information warfare in military operations. As 5G networks unfold, Counter-IED equipment is evolving towards heightened real-time capabilities and efficiency, catering to the swift demands of military operations. These trends collectively propel the Counter-IED Equipment on EW Market towards enhanced intelligence, seamless connectivity, and increased adaptability to diverse environments, effectively addressing the perpetually evolving threat landscape.
The global Counter-IED Equipment on EW market size is projected to reach US$ 2589.17 Million by 2029 from US$ 1910.00 million in 2022 at a CAGR of 4.46% during 2023-2029. In terms of market drivers, there is an ongoing and escalating demand to fortify Counter-IED systems in the global military and homeland security sectors, mirroring the dynamic evolution of IED threats. Urgent requirements to enhance IED detection and prevention capabilities prompt a strategic shift in the market's innovation focus. The introduction of novel technologies and devices seeks to amplify sensitivity, precision, and real-time responsiveness, meeting the escalating demand for robust countermeasures by security forces. Governments and defense organizations persistently invest in the development and acquisition of efficient Counter-IED equipment, with the unwavering commitment serving as the primary driver propelling the continual expansion of the global Counter-IED market. Additionally, the mounting threat of electronic warfare underscores the necessity for ongoing updates and enhancements in Counter-IED equipment, encompassing software upgrades, hardware improvements, and holistic system optimizations to effectively counter multifaceted threats.
Figure Global Counter-IED Equipment on EW Market Size
Source: Bossonresearch.com, 2024
Driving Factors
Surging Demand for Counter-IED Equipment
The global military and homeland security sectors are witnessing a steady uptick in the demand for enhanced Counter-IED systems, responding to the dynamic evolution of improvised explosive device (IED) threats. The substantial increase in IED-facilitated attacks over recent decades is propelling the rapid expansion of the Counter-IED market, reflecting a compelling global necessity for improved explosive detection solutions.
Escalating Need for Advanced IED Detection and Prevention
Security forces are facing a growing imperative to fortify IED detection and prevention capabilities, prompting a shift in the Counter-IED market's innovation focus towards heightened detection and prevention capabilities. Newly introduced technologies and devices in the market are geared towards augmenting sensitivity, precision, and real-time responsiveness to meet the escalating demand for robust countermeasures by security forces.
Persistent Investments by Governments and Defense Entities The heightened threat of terrorism and the widespread use of IEDs in global conflict zones are driving the demand for cutting-edge Counter-IED technologies. Governments and defense organizations continue to make substantial investments in the development and acquisition of efficient Counter-IED equipment, aiming to elevate defense capabilities and safeguard military personnel and civilians. This unwavering commitment stands as a primary driver propelling the ongoing expansion of the global Counter-IED market during the assessment period.
Electronic Warfare Threats
The integration of explosives with electronic warfare technologies renders traditional IED devices more covert and disruptive. Electronic warfare techniques are in constant evolution, encompassing interference in frequency bands and the generation of false signals. This necessitates continual updates and enhancements in Counter-IED equipment, spanning software upgrades, hardware improvements, and overall system optimizations. Effectively countering this multifaceted threat requires Counter-IED device manufacturers to continually refine and reinforce electronic warfare equipment, emphasizing the integration of network defense and electronic warfare capabilities.
Key Development Trends
Integration of Advanced Technologies
The global Counter-IED electronic warfare market demonstrates a trend towards integrating advanced technologies, including artificial intelligence, machine learning, and big data analytics. This further enhances the operational efficiency of Counter-IED equipment. The trend of technological integration reflects the demand for more intelligent and efficient solutions to counter IED threats. The application of artificial intelligence and machine learning enables more accurate threat detection, providing a higher level of security for both military personnel and civilians.
Increasing Use of Unmanned Systems and Robotics
With technological advancements, there is a growing trend in the application of unmanned systems in Counter-IED equipment. The increasing use of unmanned systems and robotics signifies a shift towards automated solutions, including unmanned drones and vehicles, playing an increasingly important role in threat detection and mitigation. This trend aims to enhance the safety and security of military personnel and civilians facing IED threats in response to an increasingly challenging threat environment.
Driven by the Fusion of Multiple Sensors and Communication Technology
The evident trends in technological innovation and integration characterize the development of Counter-IED devices. The integration of multi-sensor fusion systems and communication technology enhances the devices' strength and flexibility in the face of evolving threats. By comprehensively utilizing various types of sensors, the devices achieve all-weather, all-around monitoring, enhancing detection and prevention capabilities against IED threats.
Simultaneously, the integration of communication technology enables collaborative operations between devices, facilitating remote control and real-time responses. These trends align with market demands, propelling Counter-IED equipment towards a direction marked by increased intelligence, connectivity, and adaptability to diverse environments. With the continuous evolution of threat landscapes, it is anticipated that these trends will sustain the development of the Counter-IED equipment market.
Trend Towards Portable and Flexible Equipment
As military missions become more diverse and complex, there is a continual increase in demand for portable and flexible Counter-IED equipment to enhance tactical maneuverability and adaptability. Portability enables rapid deployment of Counter-IED devices, allowing them to quickly adapt to various geographical and tactical environments.
Integration of Electronic Warfare and Cyber Warfare
Electronic warfare and cyber warfare often overlap, and the future of electronic warfare will involve the integration of these two capabilities. The fusion of both becomes increasingly important in modern military operations. The integration of electronic warfare and cyber warfare is expected to accelerate, driving and inspiring transformative demands. The overlap of electronic warfare and cyber warfare emphasizes the comprehensive nature of information warfare in military operations. Integrating these two capabilities will enhance combat capabilities, leverage their respective strengths, address weaknesses, and thereby strengthen joint operational capabilities in modern information warfare.
Development of 5G Networks
The development of 5G networks is driving innovative applications in communication, command and control, and unmanned warfare systems. It will play a crucial role in various areas such as unmanned military vehicles, command and control, and augmented and virtual reality.The higher transmission speed and bandwidth of 5G networks make Counter-IED equipment more real-time and efficient, adapting to the fast-paced demands of military operations. The low-latency nature of 5G enables Counter-IED equipment to respond more rapidly to threats. Real-time data transmission and analysis contribute to speeding up military actions in response to detected threats. The support for simultaneous connections of multiple devices enables Counter-IED equipment to collaborate in large-scale areas, enhancing the efficiency of threat monitoring.
Global Counter-IED Equipment on EW Market: Competitive Landscape
According to our calculations, the two indicators used to measure the Cyber Security for Space market concentration, CR5 and HHI, will be 47.83% and 5.71% respectively in 2022. The combination of a moderately high CR5 and a very low HHI suggests that although the top five companies have a relatively large collective market share, the overall market is relatively fragmented and not concentrated among a few dominant players.
Cross the world, the major players cover Leonardo SpA, Northrop Grumman, Lockheed Martin, Elisra (Elbit Systems), Sierra Nevada Corporation, SRC Inc, L3Harris Technologies, Netline Communications Technologies, etc.
Figure The Global 5 and 10 Largest Players: Market Share by Counter-IED Equipment on EW Revenue in 2022
Source: Bossonresearch.com, 2024
Key players in the Counter-IED Equipment on EW Market include:
Leonardo SpA
Northrop Grumman
Lockheed Martin
Elbit Systems Ltd
Sierra Nevada Corporation
L3Harris Technologies
BAE Systems plc
SRC Inc
Thales Group
Allen-Vanguard
Tekne
Kirintec International
Netline Communications Technologies
Others
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