This new report from Stratview Research analyses the Explosive Ordnance Disposal (EOD) Equipment Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Explosive Ordnance Disposal (EOD) Equipment Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Explosive Ordnance Disposal (EOD) Equipment Market is no different. Derived from the previous market scenario, the Explosive Ordnance Disposal (EOD) Equipment Market is likely to witness an impressive CAGR of 4.1% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Explosive Ordnance Disposal Equipment Market Share: By Equipment Type
Based on the equipment type, the explosive ordnance disposal equipment market is segmented as portable X-ray systems, projected water disrupters, bomb containment chambers, EOD suits and blankets, EOD robots, Explosive Detectors, search mirrors, and others. The explosive detector segment is estimated to grow with the highest CAGR during the forecast period. Growing use of explosive detectors in public places such as malls and airports due to safety concerns with increasing threats from terrorists and militants across the globe is resulting into high growth in demand for EOD explosive detectors during the forecast period.
Explosive Ordnance Disposal Equipment Market Share: By Application Type
Based on the application type, the explosive ordnance disposal equipment market is segmented as defense and law enforcement. The defense industry segment is expected to remain the largest segment by application over the forecast period, owing to increasing deployment of soldier modernization programs that employ EOD robots as well as the use of other counter-terrorism equipment and strategies.
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Explosive Ordnance Disposal Equipment Market Share: By Region
In terms of regions, North America is estimated to be the largest market for explosive ordnance disposal equipment during the forecast period due to huge investment in soldier modernization through warfare training and advanced defense equipment.
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About Stratview Research
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