Explosive Ordnance Disposal (EOD) Suit - Global Market Analysis 2017-2018 and Forecast to 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 12, 2018--The “Explosive Ordnance Disposal Suit - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Explosive Ordnance Disposal (EOD) Equipment market accounted for $6.51 billion in 2017 and is expected to reach $11.47 billion by 2026 growing at a CAGR of 6.5% during the forecast period.
Some of the key factors driving the market growth include transformation programs in various military and law enforcement agencies, increasing terrorist activities, instances of cross-border battles in various regions across the world and growing demand for advanced & efficient devices for national and civil safety. However, the high cost of this equipment’s and huge investments made by the leading governments that are not properly utilized to their full potential are hampering the market growth.
Based on Application, Law Enforcement segment is expected to show remarkable growth during the forecast period. High adoption of EOD in law enforcement owing to increasing terror attacks coupled with growing concern with respect to the safety of citizens and the growing adoption of technically advanced equipment for law enforcement has driven the growth of this segment.
By Geography, North America is anticipated to grow high rate during the forecast period. It’s due to Increasing investment in the improvement of military and defense service mainly in the U.S is driving the regional market growth. Thus, that application found in places of large civilian population such as stations, airports, and subways in this region.
What the report offers:
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Explosive Ordnance Disposal (EOD) Equipment Market, By Type
6 Global Explosive Ordnance Disposal (EOD) Equipment Market, By Application
7 Global Explosive Ordnance Disposal (EOD) Equipment Market, By Geography
8 Key Developments
9 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/44l9nh/explosive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181212005447/en/
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Related Topics:Missiles and Missiles Technology
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/12/2018 08:55 AM/DISC: 12/12/2018 08:55 AM