Explosive ordnance disposal (EOD) equipment refers to the equipment and tools used to locate, detect, dispose of and provide protection during explosive disposal operations. The global explosive ordnance disposal (EOD) equipment market has been segmented by equipment type, application, and geography. The overall explosive ordnance disposal (EOD) equipment comprises various components such as body armors and anti-mine boots; portable x-ray machines; bomb containment chambers; EOD robots; mine detectors; demining tools and projected water disruptors. Various agencies across the world make use of all these components while detecting, locating, and disposing of explosives with minimal damage to nearby property and pedestrians. Growing investments towards explosive disposals accompanied by technological advancements in armor and containment technologies have led to the growing popularity of EOD equipment in numerous countries across the world. In terms of application, the overall explosive ordnance disposal (EOD) equipment has been segmented into defense and law enforcement. Despite the defense, the sector is the largest consumer of EOD equipment worldwide, the rate of adoption of advanced EOD equipment in the law enforcement segment has been witnessing a continued increase. Some developed markets for EOD equipment including the U.S. and Western Europe have increasingly introduced the usage of EOD equipment in their local and state-level agencies on account of rising terror threats and vulnerabilities.

Some of the major factors driving the growth in the overall EOD equipment market include modernization programs in various military and law enforcement agencies. Regional conflicts, especially in geographies including Asia Pacific, Middle East, and Africa, have resulted in a significant demand for advanced explosive disposal solutions in recent years. In addition, rising terror activities in regions including North America, Europe, and the Asia Pacific have made it imperative for numerous governments to empower and equip local law enforcement agencies with the latest technology in order to ensure prompt action and containment. Thereby, the global EOD equipment market is expected to witness significant growth in various regions across the world.

The report titled “Global Explosive Ordnance Disposal (EOD) Equipment Market- Growth, Future Prospects, and Competitive Analysis, 2023 – 2030” offers strategic insights into the global explosive ordnance disposal (EOD) equipment market along with the market size and estimates for the duration 2020 to 2030. The said research study covers an in-depth analysis of multiple market segments based on equipment type, application, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of explosive ordnance disposal (EOD) equipment, market positioning, and key developments. Some of the major players profiled in the report are Northrop Grumman Corporation, E. I. du Pont de Nemours and Company, Armtrac Limited, Chemring Group PLC, Safariland, LLC, iRobot Corporation, Scanna MSC Ltd., United Shield International LLC, NABCO Systems, LLC., API Technologies Corp., Cobham plc and Reamda Ltd.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the explosive ordnance disposal (EOD) equipment industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 – 2021)

Overall, the research study provides a holistic view of the global explosive ordnance disposal (EOD) equipment market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.

On the basis of application, the overall explosive ordnance disposal (EOD) equipment market was led by the defense segment in 2021. The segment accounted for more than three fourth share in the overall explosive ordnance disposal (EOD) equipment market across the globe. With continued regional conflicts across numerous borders around the world, the defense sector is expected to witness continued growth in the following years. Thereby, the segment is expected to maintain its largest share in the overall explosive ordnance disposal (EOD) equipment market throughout the forecast period.

The law enforcement segment has been witnessing the rising adoption of advanced EOD equipment in recent years. Factors such as rising instances of terror attacks in some of the major countries across the world have led to growing concerns pertaining to public safety. Furthermore, various terrorist and anti-social groups have been making increasing use of explosives and mines in order to spread terror and disrupt civilian activities. As a result, numerous governments across the world have been investing heavily in order to better equip regional bomb squads and policing agencies to provide a higher degree of public safety. Thereby, the law enforcement segment is expected to witness higher growth rate during the forecast period from 2023 to 2030.

In 2021, North America represented the largest market for EOD equipment, in terms of revenue. The region accounted for over 33% of the overall EOD equipment sales in 2021 across the world. With rising vulnerabilities and terror threats in the U.S., the overall North America EOD equipment market is expected to witness continued growth in the following years. On account of recent terror attacks and growing concerns pertaining to various terror outfits, the Europe region is expected to witness a significant increase in investment towards equipping various law enforcement agencies. Thereby, the European EOD equipment market is expected to grow at a faster rate as compared to the North America region in the following years.

The Asia Pacific region is expected to witness the fastest growth during the forecast period from 2023 to 2030. Regional conflicts across the borders alongside India, Pakistan, and China have resulted in higher investments towards military equipment. In addition, rising vulnerabilities and terror threats in these countries have made it imperative for various agencies to make use of advanced EOD equipment. Thereby, the Asia Pacific region is expected to surpass North America in the overall EOD equipment market in terms of revenue.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Explosive Ordnance Disposal (EOD) Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Explosive Ordnance Disposal (EOD) Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Explosive Ordnance Disposal (EOD) Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Explosive Ordnance Disposal (EOD) Equipment market?
• Which is the largest regional market for Explosive Ordnance Disposal (EOD) Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Explosive Ordnance Disposal (EOD) Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Explosive Ordnance Disposal (EOD) Equipment market worldwide?