Global Explosive Ordnance Disposal Market to showcase CAGR of 4.5% during 2019-2025
Posted On June 07, 2019
Value Market Research in its latest report offer crucial information and analysis on the Global Explosive Ordnance Disposal (EOD) Market. The Global Explosive Ordnance Disposal market was valued at USD 6.8 BN (by revenue) in 2018 and is anticipated to reach USD 9.2 BN by 2025 with a CAGR of 4.5%.With the rising number of terror activities around the globe, the explosive ordnance disposal equipment is gaining rapid adoption in the homeland security and law enforcement sectors. Moreover, growing geopolitical tensions around the globe coupled with the rising instances of cross-border conflicts across numerous regions have increased the usage of explosive ordnance disposal thus this is expected to boost the market demand. Moreover, the market is expected to witness continue growth over the forecast period on account of growing concern over security and safety of people residing in highly prone areas.
Explosive Ordnance Disposal (EOD) Market is an equipment which is basically used to ensure the secure disposal of explosive weapons such as Improvised Explosive Devices (IEDs), and Unexploded Ordnance (UXO), and this also include radiological, biological, chemical, and nuclear materials. These equipment are an important part of checkpoint and security screening across various applications.
The report "Global Explosive Ordnance Disposal Market Report By Product (Portable X-Ray Systems, Projected Water Disruptors, Bomb Containment Chambers, EOD Suits & Blankets, EOD Robots, Explosive Detectors, Search Mirrors, And Others), Application (Defense And Law Enforcement) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" outlines ongoing trends and future prediction to determine overall market potential that will definitely benefit the interested party to plan their key strategy.
The market segmentation includes product, application, and region. Product segment covers portable x-ray systems, projected water disruptors, bomb containment chambers, EOD suits & blankets, EOD robots, explosive detectors, search mirrors, and others. Explosives detector are gaining hype in the market as they offer extremely fast detection and are easy to use. Moreover, increasing terror attacks around the globe is again expected to fuel the product demand. The application segment includes defense and law enforcement. The defense sector is dominating the application segment owing to rising investment by government subjected to the growing need for security and safety of the nation. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Currently, North America is ruling the global explosive ordnance disposal market owing to strict U.S government rules and regulations on terrorism along with the rising investment on defense in order to modernize the overall sector.
The Report Segments Global Explosive Ordnance Disposal Market -
- Portable X-ray Systems
- Projected Water Disruptors
- Bomb containment chambers
- EOD Suits & Blankets
- EOD Robots
- Explosive Detectors
- Search mirrors
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In The Report:
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.
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