Explosive Ordnance Disposal Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The military weapons technology is evolving and with it the explosive ordnance disposal (EOD) equipment landscape is also developing. The growing concern of homemade, improvised explosives, locally manufactured ordnance items, and chemical threats by terrorist organizations has propelled the demand for advanced EOD equipment. The devices used in EOD applications help to locate, detect, and dispose of the explosives with enhanced protection. Growing investments towards explosive disposals accompanied by technological advancements in armor and containment technologies have led to the growing popularity of EOD equipment in numerous countries across the world.

MARKET DYNAMICS

Explosive ordnance disposal equipment is gaining major demand with rising threat terrorist attack in the developing as well as developed nations. Increasing investments in various governments to strengthen the nation's defensive systems has bolstered the market growth. On the other hands, rising development and focus towards a robotic solution from equipment manufacturers create substantial growth opportunities for the market. The explosive ordnance disposal equipment market is anticipated to experience a surge in the coming years owing to the fact that equipment manufacturers are expediting their focus on unmanned ground vehicles solutions for disposal, which would boost the explosive ordnance disposal equipment market.

MARKET SCOPE

The "Global Explosive Ordnance Disposal Equipment Market Analysis To 2031" is a specialized and in-depth study of the Aerospace and Defense industry with a special focus on the global market trend analysis. The explosive ordnance disposal equipment market report aims to provide an overview of the explosive ordnance disposal equipment market with detailed market segmentation by type, application, and geography. The global explosive ordnance disposal equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading explosive ordnance disposal equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on equipment type, the global explosive ordnance disposal equipment market is segmented into explosive detectors, search mirrors, bomb containment chambers, body armors and anti-mine boots, EOD robots, others. On the basis of application, the market is segmented into defense, law enforcement agencies.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global explosive ordnance disposal equipment market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The explosive ordnance disposal equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the explosive ordnance disposal equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the explosive ordnance disposal equipment market in these regions.
Impact Of COVID-19 On explosive ordnance disposal equipment MARKET
The outbreak of the COVID-19 has severely impacted the defense industries worldwide. Disruption in the production and supply chain activities during the lockdown period has lowered the market growth. However, ongoing investment by developing and developed nations in the military and defense sectors has supported the market growth. The defense development project is delayed or slow down for a certain period of 2021, which declined market sales in 2021 comparing to previous years. Though, start from the year 2021 market witnessed positive demand and investment by leading nations which will help the market to regain its growth rate in upcoming years.

MARKET PLAYERS

The reports cover key developments in the explosive ordnance disposal equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from explosive ordnance disposal equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   API Microelectronics Limited
  
•   Armtrac Ltd
  
•   Chemring Group PLC
  
•   Med-Eng Holdings ULC
  
•   NABCO Systems, LLC.
  
•   Northrop Grumman Corporation
  
•   Scanna MSC
  
•   Thermo Fisher Scientific
  
•   United Shield
  
•   Westminster International Ltd,
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Explosive Ordnance Disposal Equipment Report Scope