Explosive Ordnance Disposal Equipment Market

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Explosive Ordnance Disposal Equipment Market

• Published by Accurize Market Research Pvt. Ltd.

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Global Explosive Ordnance Disposal (EOD)
Equipment Market is Estimated to Reach 8.8
Billion by 2024

• Global Explosive Ordnance Disposal (EOD)
  Equipment Market is Estimated to Reach 8.8
  Billion by 2024By geography, Asia Pacific and
  North America are expected to grow at a fast CAGR
  during the forecast period.
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• Elevated military expenditure to drive the market
• Hike in military expenditure, and the increase in
  terrorist attack are the prime reasons driving
  the global explosive ordnance disposal equipment
  market. However, the high expense of this
  equipment may hamper the market growth in the
  upcoming years. Military enhancement activities
  worldwide would offer several growth
  opportunities for the market in the future.

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Market Segmentation

• Global explosive ordnance disposal equipment
  market is segmented based on the equipment type
  and application. By equipment type segment, the
  market is segregated into portable X-ray systems,
  bomb containment chamber, projected water
  disruptors, explosive detectors, EOD suits and
  blankets and search mirrors, among others. By
  application, the market is divided into defense
  and law enforcement.
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• Geographically, global explosive ordnance
  disposal equipment market has been segmented into
  North America, Europe, Asia-Pacific and (RoW).
  The U.S., Mexico, and Canada are countries under
  North America wherein Europe covers UK, France,
  Germany, Russia, and Rest of Europe. Asia-Pacific
  covers China, India, Japan, and Rest of
  Asia-Pacific. Rest of the World (RoW) covers
  South America, the Middle East, and Africa.

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Market Segmentation

• "Explosive detectors accounted for the largest
  market share in the equipment type segment", says
  Accurize Market Research
• By equipment type, explosive detectors accounted
  for the largest market share in 2017, driven by
  its extensive usage in the detection of bombs.
  However, the bomb containment chamber segment is
  expected to grow at the fastest CAGR during the
  forecast period 2017-2025 respectively, in the
  year 2017. Defense dominated the application
  segment accounting for around two-thirds of the
  global market share in 2017. The growth is driven
  by its huge demand among military forces
  globally.
• "North America dominated the global market with
  the highest market share over the forecast
  period", says Accurize Market Research
• North America accounted for the largest market
  share of 42.4 in 2017, due to a huge investment
  in defense and law enforcement activities in
  countries such as the U.S.  Europe accounted for
  the second largest market share due to increased
  security in the region. In terms of growth,
  Asia-Pacific is expected to attain the fastest
  CAGR of 5.4 during the forecast period
  2017-2025.

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Top players in the market

• Major companies operating in the explosive
  ordnance disposal equipment market include
• Northrop Grumman Corporation,
• Reamda Ltd.,
• ScannaMsc Ltd.,
• NABCO Inc.,
• United Shield International Ltd.,
• API Technologies Corp.,
• Du Pont (E.I.) De Nemours,
• Cobham plc,
• iRobot Corporation,
• Safari land, LLC., among others.

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