MRO Magazine

Global Defense Counter-IED Systems Market 2016-2020 – Expected to Grow at CAGR of 1.51% – Research and Markets


January 22, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/l2l5l4/global_defense) has announced the addition of the “Global Defense Counter-IED Systems Market 2016-2020” report to their offering.

The report predicts that the global defense counter IED systems will grow at a CAGR of 1.51% during the period 2016-2020.

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.

Companies Mentioned:

  • BAE Systems
  • General Dynamics
  • Lockheed Martin
  • Oshkosh Defense
  • Rheinmetall Defence
  • Boeing Defense
  • Defence Land Systems India (DLSI)
  • Elbit Systems
  • iRobot Corporation
  • Israel Aerospace Industries Ltd.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Global aerospace and defense value chain system

PART 07: Global aerospace and defense supply chain system

PART 08: Market segmentation by systems

PART 09: Geographical segmentation

PART 10: Key leading regions

PART 11: Market drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/l2l5l4/global_defense

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence