The latest report on Explosive Ordnance Disposal Equipment Market by Infinium Global Research gives complete coverage of the Explosive Ordnance Disposal Equipment Market by equipment type (portable x-ray systems, EOD suits, and blankets, eod robots, projected water disruptors, bomb containment chambers and projected water disruptors) and application (defense and law enforcement) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Explosive Ordnance Disposal Equipment such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Anticipated to Be a Major Driving Factor for the Growth of the Explosive Ordnance Disposal Equipment Industry
Army explosive ordnance disposal (EOD) falls under the Joint Service EOD field. EOD technicians from all facilities train and fight together. Explosive ordnance disposal specialist Soldiers are the Army’s distinguished planned and technical explosives experts. They are warriors who are properly trained, equipped, and integrated to attack, defeat, and exploit unexploded weaponry, improvised explosive devices, and weapons of mass destruction.
Rising terrorist activities and instances of cross border conflicts in various regions across the world have led to an increased usage of explosives across the border. This, in turn, is anticipated to be a major driving factor for the growth of the explosive ordnance disposal equipment market.
Additionally, growth in the overall EOD equipment the market includes modernization programs in various military and law enforcement agencies that are likely to fuel the growth of the market over the upcoming years. However, the high cost of this equipment and heavy investments made by the leading governments that are not properly utilized to their full potential is anticipated to hamper the growth of the explosive ordnance disposal market over the forecast period.
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Demand for Explosive Modernization Disposal Equipment Globally
On the other hand, an increasing number of instances of terrorist attacks is also expected to boost the demand for explosive modernization disposal equipment globally. Furthermore, military enhancement activities have opened several doors of opportunities for the explosive ordnance disposal equipment market over the upcoming years. Moreover, a surge in technical advances in armor and containment has resulted in the rising popularity of the explosive ordnance disposal market worldwide.
Among the geographies, North America dominated the explosive ordnance disposal market in terms of revenue. In addition, North America is expected to establish high demand for equipment such as portable X-rays and EOD robots. Portable X-ray systems are majorly designed for detecting hidden explosives. Moreover, North America has invested heavily in soldier modernization, including tough warfare training and the provision of advanced equipment, including explosive ordnance disposal equipment due to high importance given to defense and law enforcement activities by the U.S. government.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the explosive ordnance disposal equipment.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.