Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
explosive ordnance disposal equipment market provides an in-depth analysis of
segments and sub-segments in global as well as regional explosive ordnance disposal
equipment market. The study also highlights the impact of drivers, restraints
and macro indicators on the global and regional explosive ordnance disposal
equipment market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
explosive ordnance disposal equipment market. According to the report the global
explosive ordnance disposal equipment market is projected to grow at a CAGR of
4.1% over the forecast period of 2018-2024.
Army explosive ordnance disposal
(EOD) falls under the Joint Service EOD field. EOD technicians from all
facilities train and fight together. Explosive ordnance disposal specialist
Soldiers are the Army's distinguished planned and technical explosives experts.
They are warriors who are properly trained, equipped, and integrated to attack,
defeat, and exploit unexploded weaponry, improvised explosive devices, and
weapons of mass destruction.
Rising terrorist activities and
instances of cross border conflicts in various regions across the world have
led to an increased usage of explosives across the border. This, in turn, is
anticipated to be a major driving factor for the growth of the explosive ordnance
disposal equipment market. Additionally, growth in the overall EOD equipment the market includes modernization programs in various military and law enforcement
agencies that are likely to fuel the growth of the market over the upcoming
years. However, the high cost of this equipment’s and heavy investments made by the
leading governments that are not properly utilized to their full potential is
anticipated to hamper the growth of the explosive ordnance disposal market over
the forecast period.
On the other hand, an increasing number of
instances of terrorist attacks is also expected to boost the demand for explosive
modernization disposal equipment globally. Furthermore, military enhancement
activities have opened several doors of opportunities for the explosive
ordnance disposal equipment market over the upcoming year’s. Moreover, a surge in
technical advances in armor and containment has resulted in the rising popularity of the explosive ordnance disposal market worldwide.
Among the geographies, North America dominated the explosive
ordnance disposal market in terms of revenue. In addition, North America is
expected to establish high demand for the equipment such as portable X-rays and
EOD robots. Portable X-ray systems are majorly designed for detecting hidden
explosives. Moreover, North America has invested heavily in soldier modernization,
including tough warfare training and the provision of advanced equipment,
including explosive ordnance disposal equipment due to high importance given to
defense and law enforcement activities by the U.S. government.
The report on the global explosive ordnance disposal equipment
market covers segments such as equipment type and application. On the basis of equipment type the global
explosive ordnance disposal equipment market is categorized into a portable X-ray
systems, EOD suits, and blankets, EOD robots, projected water disruptors, bomb
containment chambers and projected water disruptors. On the basis of
application the global explosive ordnance disposal equipment market is
categorized into defense and law enforcement.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region.
The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience a growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
explosive ordnance disposal equipment market such as Northrop Grumman
Corporation, Reamda Ltd., Scanna MSC Ltd, NABCO Inc, United Shield International
Ltd., API Technologies Corp, Du Pont (E.I.) De Nemours, Cobham Plc, iRobot
Corporation and Safariland, LLC.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global explosive
ordnance disposal equipment market. Moreover, the IGR-Growth Matrix analysis given
in the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
explosive ordnance disposal equipment market. Moreover, the study highlights
current market trends and provides forecast from 2018-2024. We also have
highlighted future trends in the explosive ordnance disposal equipment market
that will impact the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players. This report will help manufacturers,
suppliers, and distributors of the explosive ordnance disposal equipment market
to understand the present and future trends in this market and formulate their
strategies accordingly.
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