PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381670
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381670
Explosive Ordnance Disposal (EOD) is a specialized field within the military, law enforcement, and related agencies that deal with the identification, disarmament, and disposal of explosive devices. The primary objective of EOD is to mitigate the risks associated with explosive threats and ensure the safety of personnel and the public. The Explosive Ordnance Disposal market is expanding because of factors such as the proliferation of terrorist activities across the globe, increasing demand for safety and security from the public and private sectors and growing adoption of unmanned systems for EOD operations.
The growing adoption of unmanned systems for EOD operations is driving market growth. Unmanned systems enable EOD personnel to remotely conduct surveillance, detection, and disposal of explosive devices without putting their lives at risk. These systems can navigate through challenging terrains, confined spaces, and hazardous environments, providing a higher level of safety for operators. Thus, the rising number of contracts for the adoption of unmanned systems for EOD operations is driving market growth. For instance, The U.S. Navy has given Valkyrie Enterprises a USD 13 million contract for maintenance and other technical services in support of its Explosive Ordnance Disposal Voyage Repair Team, which would begin in 2023. The contract, which is Valkyrie's second from EOD, also covers logistics and the group's technical failure diagnosis.. Similarly, The US Air Force (USAF) has given L3Harris Technologies a USD 85 million deal to buy 170 bomb disposal robots for the defense of airbases in the year 2021. The service is going to replace its 20-year-old Andros HD-1 Explosive Ordnance Disposal (EOD) system with T7 robots from the Florida-based firm. In addition, rising military modernization projects, and rising government investment in the industry are creating lucrative opportunities to the market growth. However, the high cost of explosive ordnance disposal and technological complexity stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Explosive Ordnance Disposal Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as rising government investment for military modernization, rising initiatives technological advancements, and adoption of automation systems by end-use industries. Furthermore, North America is projected to witness significant growth owing to factors such as the presence of key market players, a rising number of contracts for the adoption of unmanned systems for EOD operations in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable