Rising geopolitical issue leading to warfare conditions across the borders of various nations is the major trait driving the market growth. Rising terror attacks across the globe have pushed the market demand for civil safety and security. Also, increasing demand for advanced and efficient devices for national and civil safety is again driving market growth. Moreover, high demand from the defense and military sector to detect potential threats is further surging the market growth. Furthermore, increasing expenditure on the betterment of military service and national security by developed nations is likely to foster market growth in the upcoming timespan.
The latest report by Value Market Research expects the Global Explosive Ordnance Disposal Market to reach USD XX BN by 2030 with a CAGR of XX%.
EXPLOSIVE DETECTORS AND PORTABLE X-RAY SYSTEM ARE THE MOST IMPORTANT SEGMENT
By product, explosive detectors, and portable X-ray system are the most important segment and has accounted significant share of the total market share. The use of a mobile X-ray system to provide real-time data and high-quality images are the features driving its application in civil safety. Use of explosive detectors to detect an explosive threat and chemical weapons and offer national safety is driving the explosive detector segment growth.
LAW ENFORCEMENT IS THE LEADING APPLICATION SEGMENT
Law enforcement dominated the application segment and is expected to show remarkable growth by the end of the year 2030. High adoption of EOD in law enforcement owing to rising terror attacks coupled with increasing concern with respect to public safety has driven market growth.
NORTH AMERICA ALONG WITH EUROPE ARE THE LEADING REGIONAL MARKETS
By region, North America and Europe both emerged as the leading segment. Rising investment in the betterment of military and defense service especially in the U.S is driving the regional market growth.
KEY PLAYERS OF THE MARKET
API Technologies Corp., Chemring Group PLC, Cobham plc, Du Pont (E.I) De Nemours, iRobot Corporation, NABCO Inc., Northrop Grumman Corporation, Reamda Ltd., Safariland LLC, Scanna MSC Ltd. and United Shield International Ltd. are the major player of the explosive ordnance disposal market.
As per this study the Global Explosive Ordnance Disposal market was valued at USD XX BN (by revenue) in 2022 and is anticipated to reach USD XX BN by 2030 with a CAGR of XX%.
Explosive ordnance disposal is equipment used to detect, identify, evaluation and disposal of the explosive such as bombs, shells, grenades, cluster munitions and other explosive materials. These equipment are mainly used in military and defense organizations to detect or identify any potential threat during terror attacks or warfare conditions. Basically, they have a major application area in public safety.
Market Dynamics
Rising number of terror attacks along with the rising concern over safety and security over the border is likely to drive the growth of the market. Also, growing investments in explosive disposals accompanied by technological innovation in terms of safety equipment is further driving the demand of the product. However, the high cost of the equipment is likely to restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of explosive ordnance disposal.
Market Segmentation
The broad explosive ordnance disposal market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- EOD Suits and Blankets
- EOD Robots
- Explosive Detectors
- Other Types
By End User
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for explosive ordnance disposal in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Explosive Ordnance Disposal Market Share by Region (Representative Graph)​
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the explosive ordnance disposal market include L3Harris Technologies Inc., FLIR Systems Inc., Cobham PLC, Northrop Grumman Corporation, and Med-Eng Holdings. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.