The Global Counter IED Market 2012-2022 by brown06

VIEWS: 14 PAGES: 3

More Info
									The Worldwide Counter IED Market 2012-
2022
“The Global Counter IED Market 2012–2022” offers the reader detailed analysis of the global
counter IED market over the next ten years, alongside potential market opportunities to enter
the industry, using detailed market size forecasts.

What are the key drivers behind recent market changes?
The global counter IED market is expected to be worth US$6.4 billion in 2012 and decrease to
US$3.6 billion by 2022, representing a CARC of -5.59% during the forecast period. The demand
for counter IED equipment is anticipated to be driven by internal and external security threats,
territorial disputes, modernization initiatives, technological innovations and a substantial
demand for counter IED systems for coalition forces in Afghanistan. Cumulatively, the global
market is expected to value US$46.7 billion during the forecast period. The market is expected
to be dominated by North America, followed by Europe and Asia-Pacific.

What makes this report unique and essential to read?
“The Global Counter IED Market 2012–2022” provides detailed analysis of the current industry
size and growth expectations from 2012 to 2022, including highlights of key growth stimulators.
It also benchmarks the industry against key global markets and provides detailed understanding
of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the market for counter IED during 2012–2022, including
the factors that influence why countries are investing or cutting defense expenditure. It
provides detailed expectations of growth rates and projected total expenditure.

Get your copy of this report@ http://www.reportsnreports.com/reports/185072-
world-material-handling-products-to-2016.html

Report Details:
Published: December 2012
No. of Pages: 155
Price: Single User License – US$4800        Corporate User License – US$14400
Lockheed Martin, Chemring Group, NIITEK, Iveco, Allen Vanguard, General Dynamics Land
Systems, Navistar Defense, Force Protection, BAE Systems, L3 CyTerra, Northrop Grumman,
iRobot Corporation, Thales, Qinetiq
In 2011, commanders in Afghanistan decided that they wanted more troops to dismount from
their vehicles and patrol on foot. This shift in strategy has however put human lives at risk and
has therefore given rise to a demand for unmanned systems, such as ultra-light robots, that
soldiers can carry with one hand and driverless trucks manned with the help of a remote
control.

Key Market Issues
The Counter IED market consists of a large number of companies specializing in various fields.
And the procurement of such counter IED equipment is limited only to the countries operating
extensively in IED threat areas such as Afghanistan and Iraq. This causes high levels of
competition in the market and increases the bargaining power of the defense ministries around
the world. This lowers the margins of counter IED companies due to reduced unit prices or high
offset requirements.

Traditionally, North America and Europe accounted for four-fifths of global defense spending.
However, western dominance in this field is steadily declining as a result of the effects of recent
economic recession. This situation, coupled with strategic changes to global security, means
that the demand for defense systems, such as counter IED equipment, is set to decline in the
western market.

Key Highlights
North America accounts for the highest spend in the global counter IED market and most of the
expenditure can be attributed to the US, with Canada accounting for a small share. Both the US
and Canada have allocated major portion of their counter IED budget towards saving the lives
of their soldiers deployed in Iraq and Afghanistan for peace keeping missions. A major share of
expenditure is focused on areas such as counter IED vehicles, detection systems, electronic
jammers, and other bomb-foiling technologies and unmanned systems. However, the
expenditure on counter IED initiatives is expected to decline with the withdrawal of forces from
Iraq and Afghanistan.

The US and allied forces have begun a pullout from Afghanistan, with 23000 troops scheduled
to be withdrawn from the region by the end of 2012. However, this does not signal the end of
US participation in Afghan affairs, with the US led coalition''s campaign expected to continue in
the foreseeable future. The Afghan army and police force are currently battling low levels of
literacy, corruption within their ranks and lack of equipment and experience. Making them self-
sufficient to increase their capabilities on the battlefield in the primary goal of the coalition.
Browse reports related to Public Sector @ http://www.reportsnreports.com/market-
research/government/

Contact:
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252.
+ 1 888 391 5441
sales@reportsandreports.com

Connect With Us:

								
To top