According to a new market research report published by Credence Research “Explosive Ordnance Disposal (EOD) By Equipment Market was valued at US$ 6,199.6 Mn in 2016 and is expected to grow at a CAGR of 4.8% during the forecast period from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Explosive Ordnance Disposal (EOD) Equipment, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2025.
Explosive ordnance disposal (EOD) industry has witnessed sustainable growth in the recent years on account of various factors such as continued regional conflicts across the world. Rising geopolitical tensions in the Asia Pacific, Middle East and Africa region have led to the growing concerns pertaining to border security and safety of people residing in such areas. Moreover, rising instances of cross-border conflicts in numerous regions across the world have led to the increasing usage of explosives across the border. Furthermore, terror agents have been increasingly making use of mines and explosives on critical routes and passages along the borders to disrupt enemy’s transportation and logistics. Thereby, it has become imperative for the armed forces to make use of effective EOD equipment in order to ensure minimal casualties and continued transport services along the borders.
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Some of the key players in the explosive ordnance disposal (EOD) market include Northrop Grumman Corporation, E. I. du Pont de Nemours and Company, Armtrac Limited, Chemring Group PLC, Safariland, LLC, iRobot Corporation, Scanna MSC Ltd., United Shield International LLC, NABCO Systems, LLC., API Technologies Corp., Cobham plc and Reamda Ltd.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Explosive Ordnance Disposal (EOD) Equipment buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Explosive Ordnance Disposal (EOD) Equipment contains:
Analysis and forecast of Explosive Ordnance Disposal (EOD) Equipment market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Explosive Ordnance Disposal (EOD) Equipment market;
Assessment and forecast of Explosive Ordnance Disposal (EOD) Equipment market development;
Financial and business profiles of the leading companies in the Explosive Ordnance Disposal (EOD) Equipment industry.
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– Up to date working Explosive Ordnance Disposal (EOD) Equipment data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Explosive Ordnance Disposal (EOD) Equipment for the period 2018 to 2026
– Planned Explosive Ordnance Disposal (EOD) Equipment additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Explosive Ordnance Disposal (EOD) Equipment projects by region, key countries, and companies
– Details of major planned Explosive Ordnance Disposal (EOD) Equipment projects in the world up to 2026
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