Report Description
A recent market intelligence report that is published by Data Insights Partner on Explosive Ordnance Disposal Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international ABC Market. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Explosive Ordnance Disposal Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Explosive Ordnance Disposal Market is offered.
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Market Insights:
In accordance with the report, the Explosive Ordnance Disposal Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Explosive Ordnance Disposal Market was valued at USD XX.X Mn in 2021 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The market for explosive ordnance disposal (EOD) equipment includes the instruments and equipment used to locate, dispose of, and protect people during explosive disposal activities. The market growth is attributed to attributed to rising demand for military ground robots that are designed to diffuse bombs and other explosives since it is safer to diffuse bombs with robots than it is to diffuse bombs manually. Increased demand for explosive ordnance disposal equipment is being driven by a growth in the number of militancy organisations around the world. The US government places a strong priority on defence and law enforcement, North America led the explosive ordnance disposal business. North America has made significant investments in troop upgrading, including battle training and improved equipment, such as explosive ordnance disposal equipment. The explosive ordnance disposal market in North America was followed by Asia-Pacific and Europe as the second and third largest markets, respectively. Due to increased expenditure on defence and law enforcement initiatives in response to potential terrorism threats, Asia Pacific is expected to expand the fastest. This includes growing nations such as India, China and Japan. However, defense budget cut by governments of various countries is restraining the demand for EOD equipment globally. Significant numbers of manufacturers’ ongoing research and development activities, the EOD equipment market has significant opportunities. Improvements to existing features as well as the development of new advanced features are the focus of research and development.
Research Methodology:
To compile the detailed study of the global Explosive Ordnance Disposal market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Explosive Ordnance Disposal Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Explosive Ordnance Disposal Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Explosive Ordnance Disposal market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Explosive Ordnance Disposal Market report has been segmented by equipment type and by application also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2021 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Explosive Ordnance Disposal Market research report includes an in-depth coverage of the industry with estimates & forecast from 2021 to 2031, for the following segments:
Explosive Ordnance Disposal Market, By Equipment Type, 2021-2031 (USD Million)
Portable X-ray Systems
Projected Water Disruptors
Bomb containment chambers
EOD Suits and Blankets
EOD Robots
Explosive Detectors
Search mirrors
Others
Explosive Ordnance Disposal Market, By Application, 2021-2031 (USD Million)
Defense
Law Enforcement
Report Highlights:
The prime objective of the Explosive Ordnance Disposal market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Explosive Ordnance Disposal Market, By Region, 2021-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Explosive Ordnance Disposal market:
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
United Shield International Ltd.
Others
Explosive Ordnance Disposal Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
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