Explosive Ordnance Disposal Equipment Market Size and Outlook 2030 | Top Companies Analysis with New Business Challenges, Regional Landscape, Significant Growth Forecast and SWOT Analysis

In a recent published report, Kenneth Research has updated the market report for Explosive Ordnance Disposal Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Explosive Ordnance Disposal Equipment Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Kenneth Research has recently added a report titled Explosive Ordnance Disposal Equipment market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2024. Explosive Ordnance Disposal Equipment market is further anticipated to grow with a CAGR of 4.6% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Explosive Ordnance Disposal (EOD) Equipment Market is estimated to reach $8.8 Billion by 2024; growing at a CAGR of 4.6% from 2016 to 2024. Explosive ordnance disposal is the detection, access, identification, on-site evaluation, render safe, recovery, and final disposal of unexploded ordnance. Explosive ordnance disposal equipment is used to detect and dispose explosives such as bombs and other explosive devices. They require specialized tools that are intended with safety and functionality in mind. Various EOD equipment such as X-ray detectors, explosive detectors, bomb containment chamber, and others uses innovative technology to provide enhanced nation security.

Rising geopolitical tensions in many regions, increased terrorist attacks, and rise in military expenditure are the primary factors to drive the growth of global explosive ordnance disposal equipment market. Though, high cost of these equipment is the major hindrance for the growth of the market. Moreover, new technological advancement and increasing adoption of robots in order to ensure minimal casualties is expected to generate numerous growth opportunities for the market in the given forecast timeframe.

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Equipment type, application and geography are the major segments considered in the global explosive ordnance disposal equipment market. Equipment type segment comprises explosive detectors, projected water disruptors, EOD robots, EOD suits and blankets, bomb containment chamber, portable X-ray systems, search mirrors and other equipment types. By application, the segment is further segmented into defense and law enforcement.

Based on geography, the global explosive ordnance disposal equipment market has been segmented into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, Russia, and Rest of Europe. Asia-Pacific covers China, India, Japan, and Rest of Asia-Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.

The key players profiled in the global explosive ordnance disposal equipment market include United Shield International Ltd., Northrop Grumman Corporation, API Technologies Corp., Safariland, LLC., Reamda Ltd., Du Pont (E.I.) De Nemours, NABCO Inc., Scanna Msc Ltd., iRobot Corporation, and Cobham plc, among others.

The key takeaways from the report
The report will provide detailed analysis of Global Explosive Ordnance (EOD) Disposal Equipment Market with respect to major segments such as equipment type, application, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities of the global Explosive Ordnance Disposal Equipment Market
An exhaustive regional analysis of the Global Explosive Ordnance Disposal (EOD) Equipment Market from 2015 to 2024 has been included in the report
Profile of the key players in the Global Explosive Ordnance Disposal (EOD) Equipment Market, will be provided, which include key financials, product & services, new developments and business strategies

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Scope of the Global Explosive Ordnance Disposal (EOD) Equipment Market
Equipment Type Segments

Portable X-Ray Systems
Bomb Containment Chamber
Projected Water Disruptors
Explosive Detectors
EOD Suits and Blankets
EOD Robots
Search Mirrors
Other Equipment Types
Application Segments

Defense
Law Enforcement
Geographical Segments

North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
RoW
South America
Middle East
Africa

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