Explosive Ordnance Disposal (EOD) Equipment Market Forecasts to 2028 – Global Analysis By Equipment Type (Bomb Containment Chambers, Projected Water Disruptors), Application (Defense, Law Enforcement) and By Geography
According to Stratistics MRC, the Global Explosive Ordnance Disposal (EOD) Equipment Market is accounted for $7,311.85 million in 2020 and is expected to reach $12,192.29 million by 2028 growing at a CAGR of 6.6% during the forecast period. Transformation programs in various military and law enforcement agencies, increasing terrorist activities, instances of cross-border battles in various regions across the world are the major factors propelling the market growth. However, the high cost of this equipment and huge investments is hampering the market growth.
Explosive ordnance disposal (EOD) equipment is used in the process by which harmful explosive is extracted safely. EOD equipment help disposes of old or unstable explosives, such as ones used in quarrying, mining, or old/unstable fireworks and ammunition. It assists specialist police units, raid and entry teams with booby-traps detection and prevention, and they help in conducting post-blast investigations.
Based on the application, the law enforcement segment is estimated to have a lucrative growth during the forecast period. High adoption of EOD in law enforcement owing to increasing terror attacks coupled with growing concern for the safety of citizens and the growing adoption of technically advanced equipment for law enforcement has driven the growth of this segment.
By geography, North America is going to have lucrative growth due to the increasing investment in the improvement of military and defense service. Thus, that application is found in places of large civilian population such as stations, airports, and subways in this region.
Some of the key players profiled in the Explosive Ordnance Disposal (EOD) Equipment Market include API Technologies Corp, Armtrac Limited, Chemring Group PLC, Cobham plc, E. I. du Pont de Nemours and Company, iRobot Corporation, NABCO Inc, Northrop Grumman Corporation, Reamda Ltd., Safariland, LLC., ScannaMsc Ltd, and United Shield International Ltd.
Estimated Market Size in 2020:
USD 7,311.85 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 12,192.29 million
Tables, Graphs & Figures
Equipment Type, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Equipment Types Covered:
• Bomb Containment Chambers
• EOD Robots
• EOD Suits and Blankets
• Portable X-Ray Systems
• Projected Water Disruptors
• Search Mirrors
• Explosive Detectors
• Chemical EOD Equipment
• Law Enforcement
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Explosive Ordnance Disposal (EOD) Equipment Market has majorly driven the transformation programs in various military and law enforcement agencies and increasing terrorist activities.
The explosive detectors segment is growing at the highest CAGR owing to the growing use of explosive detectors in public places such as malls and airports.
North America dominated with a significant market share due to huge investment in soldier modernization through warfare training and advanced defense equipment.
The Asia Pacific market is growing at the highest CAGR due to regional conflicts across the borders alongside India and China has resulted in higher investments towards military equipment.
Key players in Explosive Ordnance Disposal (EOD) Equipment Market include API Technologies Corp, Armtrac Limited, Chemring Group PLC, Cobham plc, E. I. du Pont de Nemours and Company, iRobot Corporation, NABCO Inc, Northrop Grumman Corporation, Reamda Ltd., Safariland, LLC., ScannaMsc Ltd, and United Shield International Ltd.
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