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Global Explosive Ordnance Disposable (EOD) Equipment Market: Increase in Military Expenditure Noticed by Variant Market Research



According to the latest report published by Variant Market Research, the global explosive ordnance disposable (EOD) equipment market size is projected to reach $8.8 billion by 2025 from $6.1 billion in 2017. In this report, explosive ordnance disposable (EOD) equipment market forecast says that the global market is growing at 4.6% CAGR from 2017 to 2025.

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Rise in terrorist attack to drive the global market

The global explosive ordnance disposable (EOD) equipment market trend includes increase in military expenditure, and rise in terrorist attack. Moreover, Asia-Pacific (including Singapore) and RoW (including Iraq, Kuwait, and United Arab Emirates) are projected to grow at a fastest CAGR respectively during the forecasted period. Though, high cost may obstruct the market growth. Moreover, military enhancement actions across the globe would provide an opportunity for explosive ordnance disposable (EOD) equipment market industries players.

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Market Segmentations

This global market is classified into equipment type, application, & geography. Equipment type segment includes projected water disruptors, bomb containment chamber, portable X-ray systems, explosive detectors, EOD suits and blankets, search mirrors, EOD robots, and other equipment types. Further, the market is classified on basis of application into defense & law enforcement. North America (United States, Mexico, and Canada), Europe (France, Russia, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Explosive detectors, by equipment type, is estimated to dominated the global market in 2017
Explosive detectors held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025, due to its widespread usage in detecting bombs.

Defense, by application, is estimated to dominated the global market in 2017
Defense held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025, due to its high demand across military forces globally.

North America is estimated to dominated the global market in 2017
North America held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025, due to heavy investment in defense & law enforcement activities in nations such as the U.S.

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Competitive Landscape

Major market players of the market are Reamda Ltd., Northrop Grumman Corporation, ScannaMsc Ltd., NABCO Inc., API Technologies Corp., United Shield International Ltd., Du Pont (E.I.) De Nemours, Safariland, LLC., Cobham plc, and iRobot Corporation, among others.
Scope of the Global Explosive Ordnance Disposal Equipment Market

Equipment Type Segments

• Portable X-Ray Systems
• Bomb Containment Chamber
• Projected Water Disruptors
• Explosive Detectors
• EOD Suits and Blankets
• EOD Robots
• Search Mirrors
• OtherEquipment Types

Application Segments
• Defense
• Law Enforcement

Geographical Segments
• North America
o US
o Canada
o Mexico

• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

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About Variant Market Research

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News Release: Global Explosive Ordnance Disposable (EOD) Equipment Market: Increase in Military Expenditure Noticed by Variant Market Research
Submitted on: January 30, 2018 10:20:54 AM
Submitted by: dineshpatel
On behalf of: https://www.variantmarketresearch.com/
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