Factors such as police forces modernization programs and defense modernization programs are also expected to drive the demand for Explosive Ordnance Disposal (EOD) equipment. Various defense agencies across the globe are striving to equip their forces with modern equipment in order to counter terrorist intrusions. For example, large numbers of military organizations and law enforcement organizations have adopted military EOD robots. These robots can be programmed according to a given situation and can also be repurposed in a short time. Moreover, recent surge in number of terrorist attacks have also boosted the demand for EOD in recent years. The rise of various terrorist outfits such as ISIS and Boko Haram are constantly conducting coordinated country-wide attacks against the governments across the globe.
These organizations are targeting malls, schools and embassies among others. As a result of these factors, defense organizations are increasingly adopting EOD equipment to counter the terrorist attacks. Furthermore, the joint efforts taken by various countries such as the U.S., Russia and France among others to curb terrorism have further resulted in an increased demand for EOD equipments. These factors in combination are expected to propel the demand for EOD equipment throughout the forecast period.
However, defense budget cut by governments of various countries is restraining the demand for EOD equipment globally. For example, there has been a 31% defense budget cut in the U.S. military spending from 2010 to 2016
Significant opportunities exist for the EOD equipment market as a result of continuous research and development initiatives undertaken by various manufacturers. Research and development is directed toward improving existing features as well as developing new advanced features. For example, in January 2014, DetectaChem launched a handheld explsoive detector called the SEEKERe. The SEEKERe has been designed and developed in accordance to the specifications requested by the U.S. Department of Defense (DOD).
The company profiles of the major players in the global Explosive Ordnance Disposal (EOD) Equipment market across five major geographic regions namely North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America has been extensively covered under the purview of the study. Moreover, the business strategies being adopted by the major players in the market have also been included in the report. The market attractive analysis has also been provided in the report for providing a detailed insight into the global EOD equipment market.
The market dynamics, which includes the market drivers, restraints and opportunities, has also been included under the scope of the report. Market dynamics help to understand the current trends in the global market by providing insights of the distinctive factors that influence the growth of the specific market. Thus, this report provides an inclusive study of the global Explosive Ordnance Disposal (EOD) Equipment market and also provides forecast of the market for the period from 2015-2023.
Some of the major players operating in EOD market are: iRobot Corporation, Safariland, LLC, Northrop Grumman Corporation, Scanna Msc Ltd., NABCO, Inc., United Shield International Ltd, Reamda Ltd., API Technologies Corp., Du Pont (E.I.) De Nemours and Cobham plc among others.
The global Explosive Ordnance Disposal (EOD) Equipment market has been segmented into:
Global Explosive Ordnance Disposal (EOD) Equipment market, by Equipment Type
• Portable X-ray Systems
• Projected Water Disruptors
• Bomb containment chambers
• EOD Suits and Blankets
• EOD Robots
• Explosive Detectors
• Search mirrors
Global Explosive Ordnance Disposal (EOD) Equipment market, by Application:
• Law Enforcement