Press release
Explosive Ordnance Disposal Equipment Market Report 2024 - Explosive Ordnance Disposal Equipment Market Size, Share And Trends
Explosive Ordnance Disposal Equipment Market
According to The Business Research Company's, The explosive ordnance disposal equipment market size has grown steadily in recent years. It will grow from $5.85 billion in 2023 to $6.13 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to global security concerns, increasing ied threats, homeland security initiatives, humanitarian mine clearance, military modernization programs, improvements in training programs.
The explosive ordnance disposal equipment market size is expected to see steady growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to multi-functional eod systems, focus on lightweight materials, global demining and clearance efforts, public safety applications, modular and interoperable system. Major trends in the forecast period include technological advancements in robotics, integration of artificial intelligence (ai), portable and lightweight equipment, detection and imaging technologies, remote sensing and reconnaissance.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/explosive-ordnance-disposal-equipment-global-market-report
Market Drivers and Trends:
The increase in terrorist activity is expected to propel the growth of the explosive ordnance disposal equipment market going forward. Terrorism activity is the intentional use of violent means or threats to achieve political, religious, or ideological objectives by inducing fear or coercion among civilians. To counteract terrorist activity, specialists use explosive ordnance disposal (EOD) equipment for the safe detection, removal, and destruction of dangerous weapons like landmines and other explosive remnants. For instance, according to the Global Terrorism Index (GTI), which is published by the Institute for Economics and Peace (IEP), an Australia-based global think tank, terrorist attacks increased by 17% in 2021, with a total of 5,226 recorded attacks. Therefore, the increase in terrorist activity is driving the growth of the explosive ordnance disposal equipment market going forward.
Major companies operating in the explosive ordnance disposal equipment market are concentrating their efforts into developing innovative solutions such as chemical agent identifier. A chemical agent identifier refers to a device or instrument designed to detect and identify chemical agents or hazardous substances. For instance, in March 2023, Smiths Detection, a UK-based global leader in screening technologies announced the launch of 'Lightweight Chemical Detector (LCD) 4'. It is the latest body worn toxic chemical detector that allows to identify traces of super toxic chemical agents. It is designed to enables the mobile detection of explosives, narcotics, and highly toxic chemicals.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10369&type=smp
Major Key Players of the Market:
Northrop Grumman Corporation; Reamda Limited; NABCO Incorporated; Scanna MSC Limited; iRobot Corporation; API Technologies Corp.; E. I. du Pont de Nemours and Company (DuPont); Cobham Plc.; Chemring Group plc; United Shield International Limited; Armtrac Limited; Med-Eng. Holdings ULC; Westminster International Limited; ALCOR System Inc.; API Microelectronics Limited; L3Harris Technologies Inc.; FLIR Systems Inc.; Safariland LLC; Allen Vanguard Corporation; Avon Protection Systems Inc.; BBI Detection Systems Ltd.; Bruker Detection Corporation; Brogan Industries Inc.; Recon Instruments Inc.; Novatel Inc.; Beijing Huaxin Kangbao Technology Co. Ltd.; Nanjing Qiaohua Robotics Technology Co. Ltd.; Hangzhou Qiandong Special Machinery Co. Ltd.; Changsha JingAn Jian'an Technology Co.Ltd.; General Electric Company
Explosive Ordnance Disposal Equipment Market 2024 Key Insights:
• The explosive ordnance disposal equipment market size will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
• Surge In Terrorism Drives Growth In Explosive Ordnance Disposal Equipment Market
• Innovations In Chemical Agent Identifiers Transform Explosive Ordnance Disposal Equipment Market
• North America was the largest region in the explosive ordnance disposal equipment market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10369&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Explosive Ordnance Disposal Equipment Market Report 2024 - Explosive Ordnance Disposal Equipment Market Size, Share And Trends here
News-ID: 3748205 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Explosive
Aminosalicylate Sodium Market: Explosive Growth
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Aminosalicylate Sodium market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Aminosalicylate Sodium Market. We have provided deep analysis of the vendor landscape to give you a…
Cryogenic Steel Market: Explosive Growth
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Cryogenic Steel market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Cryogenic Steel Market. We have provided deep analysis of the vendor landscape to give you a…
Mining Explosive Market 2017 - IPL (Dyno Nobel), MAXAM, AEL, ENAEX, Sasol, Yunna …
Worldwide Mining Explosive Market 2017 Analysis Report audits a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, Mining Explosive piece of the overall industry and Growth patterns, concentrating on driving Mining Explosive industry players, showcase size, request and supply examination, utilization volume, Forecast 2017 to 2022.
Get Free Sample Copy of Report Here: https://goo.gl/u9rdJT
Top Manufacturers Analysis of This Report
• Orica
• IPL (Dyno Nobel)
• MAXAM
• AEL
• ENAEX
•…
Ammonium Nitrate Explosive Market Research Report 2017-2022 by Type Emulsion Exp …
The 2017-2022 Top Manufacturers Ammonium Nitrate Explosive Market Report presents a comprehensive study of the Ammonium Nitrate Explosive in global market, especially in the North America, Europe, Asia-Pacific, South America, Middle East and Africa. The study scans the progression of the market trailed over the past few years and the forecasts of growth in the coming years, primarily in terms of sales. The research report highlights the reasons liable for…
GLOBAL MINING EXPLOSIVE MARKET- ANHUI JIANGNAN, GUIZHOU JIULIAN , NANLING CIVIL …
Global Industry Study Evaluate on Mining Explosive Market by Type Manufacturers Regions and Application Forecast up to 2022
The scope of the Mining Explosive Report:
This report primarily focuses on Mining Explosive in the global market. This report generally covers Mining Explosive market in North America Mining Explosive market in Asia-Pacific Mining Explosive market in Europe Mining Explosive market in Latin America Middle as well as Africa. This report partitions the Mining…
Mining Explosive Market 2017- Orica, IPL (Dyno Nobel), MAXAM, AEL, ENAEX, Sasol, …
Mining Explosive Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. “The Mining Explosive is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for…
