The report, now available on ASDReports, recognizes the following companies as the key players in the Global Defense Counter IED Systems Market: BAE Systems, General Dynamics, Lockheed Martin, Oshkosh Defense and Rheinmetall Defence
Other Prominent Vendors in the market are: Boeing Defense, Defence Land Systems India (DLSI), Elbit Systems, iRobot Corporation, and Israel Aerospace Industries Ltd.
Commenting on the report, an analyst said: “Through the Iraq war, the US implemented new-generation vehicles and tanks (i.e. Abrams and Bradley infantry combat vehicles) on the field to counter IEDs and mines. But, with budget decline, the US Army has decided to shift toward upgrading and modernizing existing vehicles, suspending procurement of new ones. The upgradation includes fresh components, electronic, and powerful targeting sensors for more than 1,600 Abrams tanks and 2,500 Bradley infantry combat vehicles.”
According to the report, the growing tensions in MENA with increase in IED attacks is propelling the market for new investments. Globally, there were 27,000 IED attacks by June 2015 causing more than 56,000 casualties. Also, implementation of unmanned systems, governing information sharing, and training forces are some of the key drivers in the market.
Further, the report states that the US and its allies are going through a decline in their defense budget. Also, these countries are also downsizing their troops, and is posing a challenge in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Jan 18, 2016