Explosive Ordnance Disposal (EOD) Equipment Market 2017 to 2025 - Industry, Share, Size, Trends and Forecast By Acute Market Reports
AcuteMarketReports.com has Published New Research Report Title “Global Explosive Ordnance Disposal (EOD) Equipment Market Report 2017 to 2025" Market Research report to their Database
AcuteMarketReports.com has Published New Research Report Title “Global Explosive Ordnance Disposal (EOD) Equipment Market Report 2017 to 2025" Market Research report to their Database
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<strong>Explosive</strong> <strong>Ordnance</strong> <strong>Disposal</strong> (<strong>EOD</strong>) <strong>Equipment</strong> <strong>Market</strong> <strong>2017</strong> <strong>to</strong> <strong>2025</strong> - <strong>Share</strong>, Analysis, <strong>Trends</strong><br />
And <strong>Forecast</strong> <strong>By</strong> Credence Research<br />
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According <strong>to</strong> a new market research report published by Credence Research “<strong>Explosive</strong> <strong>Ordnance</strong> <strong>Disposal</strong><br />
(<strong>EOD</strong>) <strong>By</strong> <strong>Equipment</strong> <strong>Market</strong> Type– Body Armors <strong>and</strong> Anti-mine Boots, Portable X-Ray Machines, Bomb<br />
Containment Chambers, <strong>EOD</strong> Robots, Mine Detec<strong>to</strong>rs, Demining Tools <strong>and</strong> Projected Water Disrup<strong>to</strong>rs; <strong>By</strong><br />
Application: Defense <strong>and</strong> Law Enforcement) - Growth, Future Prospects, Competitive Analysis <strong>and</strong> <strong>Forecast</strong><br />
<strong>2017</strong> - <strong>2025</strong>”, the global explosive ordnance disposal (<strong>EOD</strong>) market was valued at US$ 6,199.6 Mn in 2016 <strong>and</strong><br />
is expected <strong>to</strong> grow at a CAGR of 4.8% during the forecast period from <strong>2017</strong> <strong>to</strong> <strong>2025</strong>.<br />
The complete report is available at http://www.credenceresearch.com/report/explosive-ordnancedisposal-eod-equipment-market<br />
<strong>Market</strong> Insights<br />
<strong>Explosive</strong> ordnance disposal (<strong>EOD</strong>) industry has witnessed sustainable growth in the recent years on account<br />
of various fac<strong>to</strong>rs such as continued regional conflicts across the world. Rising geopolitical tensions in the Asia<br />
Pacific, Middle East <strong>and</strong> Africa region have led <strong>to</strong> the growing concerns pertaining <strong>to</strong> border security <strong>and</strong><br />
safety of people residing in such areas. Moreover, rising instances of cross-border conflicts in numerous<br />
regions across the world have led <strong>to</strong> the increasing usage of explosives across the border. Furthermore, terror<br />
agents have been increasingly making use of mines <strong>and</strong> explosives on critical routes <strong>and</strong> passages along the<br />
borders <strong>to</strong> disrupt enemy’s transportation <strong>and</strong> logistics. Thereby, it has become imperative for the armed<br />
forces <strong>to</strong> make use of effective <strong>EOD</strong> equipment in order <strong>to</strong> ensure minimal casualties <strong>and</strong> continued transport<br />
services along the borders.<br />
With increasing terror activities across the world coupled with rising bomb threats in some of the major<br />
countries, explosive ordnance equipment (<strong>EOD</strong>) has been gaining a higher adoption in the law enforcement<br />
<strong>and</strong> homel<strong>and</strong> security segment. Various terror attacks involving usage of explosives in the recent years have<br />
resulted in the higher dem<strong>and</strong> for <strong>EOD</strong> equipment. Numerous local <strong>and</strong> state agencies have been engaged in<br />
equipping local authorities with state-of-the-art <strong>EOD</strong> equipment in order <strong>to</strong> ensure prompt <strong>and</strong> effective<br />
action in case of any bomb threats. Thereby, the explosive ordnance disposal (<strong>EOD</strong>) equipment market is<br />
expected <strong>to</strong> witness continued growth during the forecast period from <strong>2017</strong> <strong>to</strong> <strong>2025</strong>.<br />
Competitive Insights:<br />
The global explosive ordnance disposal (<strong>EOD</strong>) market is fragmented with several leading providers of <strong>EOD</strong><br />
equipment catering <strong>to</strong> various countries across the world. Some of the key players in the explosive ordnance<br />
disposal (<strong>EOD</strong>) market include Northrop Grumman Corporation, E. I. du Pont de Nemours <strong>and</strong> Company,<br />
Armtrac Limited, Chemring Group PLC, Safaril<strong>and</strong>, LLC, iRobot Corporation, Scanna MSC Ltd., United Shield<br />
International LLC, NABCO Systems, LLC., API Technologies Corp., Cobham plc <strong>and</strong> Reamda Ltd.<br />
Key <strong>Trends</strong>:<br />
- Increasing adoption of robots in order <strong>to</strong> ensure minimal casualties<br />
- Rising investments <strong>to</strong>wards anti-terror agencies leading <strong>to</strong> increasing adoption of <strong>EOD</strong> equipment
- Growing dem<strong>and</strong> in some of the major countries in the Western European region on account of increased<br />
terror threats<br />
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