Vertical: AnDBase Year: 2019
Market Size (2019)
$284.50M
Projected (2025)
$334.50M
CAGR (2018–2025)
2.7%
Key Players
4+
The global handheld counter Improvised Explosive Devices (IED) market is expected to register a CAGR of 2.74% during the forecast period from 2020 to 2025. In 2019, the market was led by North America with a 31.35% share, followed by Asia-Pacific and Europe with shares of 25.49% and 22.71%, respectively. The growth of the global handheld counter IED market can be attributed to the increase in military spending, rising terrorist attacks, and focus on counter operations.
The Handheld Counter IED Market market is projected to grow at a CAGR of 2.7% from 2018 to 2025.
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View Subscription PlansHandheld counter Improvised Explosive Devices (IEDs) are systems used primarily by military and law enforcement agencies for detection and countermeasures. These devices are carried in the hand of the user and mainly include technologies such as ground penetrating radar.
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View Subscription PlansWantstats analysis is based on interviews with industry experts who offer insights into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Extensive primary research was conducted to gain a more in-depth insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years.
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global handheld counter IED market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographic markets, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall handheld counter IED market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Wantstats are added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for this study.
Base Year
2019
Historical Period
2018 – 2018
Forecast Period
2020 – 2025
Primary Interviews
150+
Historical data (2018–2019) and forecast period (2019–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThreat of New Entrants:
The global handheld counter IED market is expected to grow at a considerable rate during the forecast period. The need for lower initial investments, the easy formation of a client base, high-profit margins, and less technological requirements facilitate the entry of new players in the market. However, the presence of several established players and an extremely high level of competition pose as entry barriers. Therefore, new entrants present a moderate threat to the major stakeholders in the market.
Bargaining Power of Suppliers:
In this market, suppliers include providers of steel, thermoplastic, electronic components, and other basic components that are subject to stringent regulatory review and need to be certified to be suitable for rugged military and homeland security applications. This limits the number of key suppliers in the market. Moreover, the vast availability of raw materials and medium differentiation in the prices of raw materials results in the moderate bargaining power of suppliers in the market.
Bargaining Power of Buyers:
The buyers in the global handheld counter IED market are military and homeland security agencies. There are a number of buyers in the global handheld counter IED market. However, these buyers are highly reliant on successful and established manufacturers of handheld counter IEDs. Moreover, there is moderate product differentiation in the market. Manufacturers of handheld counter IED systems and systems integrators tend to form long-term agreements with raw material suppliers, which increases switching costs. Hence, the bargaining power of buyers in the global handheld counter IED market is projected to be low.
Threat of Substitutes:
Handheld counter IEDs are used to detect IEDs that are buried underground. Presently, there are no direct substitutes for handheld counter IED systems. However, the use of countermeasure systems to jam or neutralize counter IEDs is expected to hamper the demand for handheld counter IEDs to some extent. Thus, the threat of substitutes in the market is expected to be moderate during the forecast period.
Rivalry:
There is intense competition among the existing players in the market, with manufacturers investing heavily in the R&D of high-quality, advanced, and cost-effective systems. Moreover, due to the increasing need for counter IED, along with increasing terrorist activities across the world, the rivalry for market share is anticipated to increase. Thus, the rivalry in the market is projected to be high during the review period.
Market estimates by geography (2025)
InsightNorth America leads with $105.90M by 2025, while Asia Pacific is projected to grow fastest at a 3.2% CAGR.
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View Subscription Plans| REGION | 2018 | 2019 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| South America | $22.60M | $24.40M | $25.90M | 2.0% | 8% |
| North America | $86.70M | $97.20M | $105.90M | 2.9% | 32% |
| Europe | $63.00M | $69.60M | $75.00M | 2.5% | 22% |
| Asia Pacific | $70.30M | $79.60M | $87.40M | 3.2% | 26% |
| Middle East and Africa | $34.40M | $37.60M | $40.30M | 2.3% | 12% |
| Total | $277.00M | $308.40M | $334.50M | 2.7% | 100% |
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View Subscription PlansTotal Market Size
$334.50M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Military | $227.00M | 3.0% | 68% |
| Homeland Security | $107.40M | 2.3% | 32% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Handheld Counter IED Market covering market dynamics, competitive landscape, and strategic outlook.
The Handheld Counter IED Market market is projected to reach $334.50M by 2025, growing at 2.7% CAGR. The Military segment holds the largest share.
The global market of handheld counter IED is growing rapidly. The growth of the handheld counter IED market is driven by an increase in military spending and rising terrorist attacks and focus on counter operations. However, the growth of the market can be hindered by the increase in the use of countermeasure systems.
Military spending has increased significantly globally in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose by 2.6% to approximately USD 1.82 trillion from 2017 to 2018. During the same period, China and India increased military spending by 5.0% and 3.1%, respectively. Furthermore, India overtook the UK to become the fifth-largest defense spender in the world. Other countries have also announced plans to invest in advanced technologies and are focusing on expanding, modernizing, and enhancing the operational capabilities of their armed forces.
Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions among the US and China, the US and Iran, India and Pakistan, South Korea and North Korea, territorial disputes between countries in Asia-Pacific, and a focus on counterterrorism activities are pushing governments to strengthen their defense capabilities. A rise in military spending directly boosts the growth of the defense equipment industry, which covers everything from aircraft and weapons to counter IEDs.
Countries around the world are focusing on enhancing counterterrorism measures to protect lives and ensure safety. Hence, equipment such as counter IED systems is vital in detecting the IEDs implanted by the terrorists. Handheld counter IEDs are used in any land operation involving asymmetrical threats, in which force protection will remain a top priority. Moreover, the militaries of different countries are upgrading their existing counter IED systems to new and advanced ones. Thus, increasing military spending is expected to drive the growth of the market during the forecast period.
The nature of warfare has changed significantly over the past decade. It is transforming from being a weapon centric to technology-centric. Currently, the use of advanced technology is a key determining factor for the success rate of military missions. Advanced technologies help enhance situational awareness and reduce the number of casualties. As a result, the defense authorities worldwide are focusing on procuring various equipment, such as communication devices, navigation gadgets, upgraded weapon sights systems, counter systems, and exoskeleton systems, that transform common soldiers into high-tech warriors. The counter IEDs are one such system. Meanwhile, the companies are also focused on making new handheld counter IED systems that are small, weigh less, consume less power, and can detect IEDs more efficiently, which will help the soldiers to enhance their performance and help in delivering effective military operations. Hence, the changing nature of warfare offers promising growth opportunities for the market.
The countermeasure systems usually consist of jammers and neutralizers. The systems can be deployed on fields and have minimal size, weight, and power requirements. Operating these systems is easy. They also offer optimal performance and also provide force protection against radio-controlled IEDs. The primary purpose of jammers is to defeat existing Radio Frequency (RF) or Remote Controlled IED (RCIED) threats and newly identified RF threats. The jammer accomplishes its primary mission by jamming each threat's transmitted RF signals. The secondary purpose of the jammer is to combine multiple internal RF signals and external RF inputs from other systems and transmit those RF signals while maintaining system interoperability.
These systems also prevent the activation of RCIED, or significantly reduce the distance for an explosive activation. Likewise, neutralization systems, such as joint IED neutralizer, transmit at high frequency and neutralize IEDs with radio frequency. These systems neutralize IEDs from a safe distance by detonating them. Owing to these benefits of countermeasure systems, their use has been increasing from the last few years. Therefore, the demand for handheld counter IEDs is expected to hamper to some extent in the review period.
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Profiles of 103 companies operating in the Handheld Counter IED Market market, including revenue, employee count, and market positioning where available.
Showing 103 of 103 companies
1.1.1 Company Overview Company Headquarters: Romsey, UK Founded: 1905 Workforce: ~2,500 Company Working: Chemring Group PLC specializes in the development of high technology products. It operates in three strategic product segments—countermeasures, sensors and energetic. It delivers high-reliability solutions to protect people, platforms, missions, and information against constantly changing threats. Through its sensors segment, it develops, manufactures, and sells IED detection equipment; chemical and biological threat detection equipment; IED electronic countermeasures; network protection technologies; and explosive ordnance disposal equipment. It has production facilities in seven countries, and meets specific customer requirements in defense and security markets in more than sixty countries worldwide.
Rapiscan Systems is one of the world’s leading providers of security screening products, solutions, and services. It operates as a wholly-owned subsidiary of OSI Systems, Inc. as part of its security division. Rapiscan Systems manufactures and markets radiation detection and electronic inspection devices, security products, and baggage screening solutions. The company serves customers in defense, aviation, law enforcement, event security, and other related industries across the globe.
Guartel Technologies Ltd. is a designer and manufacturer of metal, mine, and wire detectors, and counter IED products. The company’s product portfolio includes handheld metal detectors, portable transmitters, pole-mounted camera systems, cable detectors, and other military equipment. The company also offers product training services. Guartel Technologies Ltd.’s customers include the UK Ministry of Defense, NATO, and other military forces.
PKI Electronic Intelligence GmbH is a developer of advanced detection systems. The company’s product portfolio includes handheld metal detectors, heat-protective suits, gas masks, explosive identification sets, drug detectors, contraband detectors, explosive trace detection systems, and other systems. PKI Electronic Intelligence GmbH also offers jamming systems, interception and monitoring systems, video and night vision systems, and military equipment. The company serves customers in Germany.
Olin is a vertically integrated North American chlor-alkali producer with three businesses: commodity chlorine chemistry, epoxy, and ammunition. It runs among the world's largest electrochemical-unit (ECU) capacity bases, chiefly at Freeport (Texas), Plaquemine (Louisiana), and McIntosh (Alabama). From that base it sells caustic soda, chlorine derivatives, and ethylene dichloride (EDC) and vinyl chloride monomer (VCM). It also feeds chlorine internally into one of the world's most integrated epoxy chains. Separately, its Winchester segment is one of the leading U.S. ammunition makers. Winchester operates the government-owned Lake City Army Ammunition Plant, which supplies most of the U.S. Army's small-calibre ammunition. After a record 2021–2022 super-cycle, earnings fell sharply. FY2025 adjusted EBITDA was $651.8M against $873.9M in FY2024. Causes included weak global chlor-vinyl and epoxy demand, subsidised Asian epoxy imports, and commercial ammunition destocking. Leverage rose to about 5x net debt/EBITDA by mid-2026. Management under CEO Ken Lane, in post since March 2024, has responded with a "value-first" commercial posture, the "Beyond250" structural cost programme, and now a transformational merger with Huntsman. The merger is intended to pair Olin's upstream chlorine molecules with Huntsman's downstream polyurethane and advanced-materials formulations. --- ### Company's own description (paraphrased from the FY2025 10-K, Item 1) Olin describes itself as a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. ammunition manufacturer. All three segments are capital-intensive manufacturing businesses. ### Business model and revenue model Olin's revenue is almost entirely product revenue. There is no meaningful subscription or licensing income. The main exception is contracted U.S. military project revenue at Winchester, which is recognised over time on construction and modernisation work at Lake City. - **CAPV economics.** Chlorine and caustic soda are co-produced in fixed ratio as one "ECU" (about 1 tonne chlorine to about 1.1 tonnes caustic soda). Profitability depends on the combined ECU value, which in turn depends on: - caustic soda pricing (alumina, pulp and paper, water treatment, and chemicals demand), and - the value of chlorine outlets (EDC/VCM for PVC, chlorinated organics, epoxy, bleach, and hydrochloric acid). - **Olin's "value-first" strategy**, introduced under former CEO Scott Sutton in 2020–2021 and continued by Ken Lane, keeps ECU operating rates matched to demand rather than chasing volume. The aim is to protect price. - **Epoxy economics.** Margins depend on the spread between epoxy resin prices and benzene, propylene, and chlorine input costs. The segment has been structurally challenged by Asian (notably Chinese) export pricing since 2023. - **Winchester economics.** The business is a mix of: - cyclical, sentiment-driven commercial ammunition (sold to retailers, mass merchants, and distributors), and - contracted, stable military ammunition and Lake City project revenue. ### Value-chain position Olin sits upstream. It converts salt, electricity, ethylene, benzene, and propylene into commodity and intermediate chemicals. Its formulated epoxy solutions and Winchester branded ammunition are the only meaningful downstream activities. The Huntsman merger is explicitly designed to move the combined company downstream. Olin's chlorine and caustic would feed Huntsman's MDI/polyurethane, formulations, and advanced-materials chains (Olin/Huntsman merger release, 16 June 2026). ### Independent characterisation Olin is best understood as a levered, high-fixed-cost commodity chemicals platform with an embedded defence and consumer franchise. - **Cost advantage.** Its key competitive advantage is position on the North American cost curve: advantaged ethane-based ethylene, low-cost power contracts, and scale. This advantage remained intact through 2025. - **Product mix.** Its product mix has been the problem. The chain is long on EDC, an export commodity, and long on epoxy, a market Asian capacity has commoditised. - **Winchester's role.** Winchester was the stabiliser in 2023–2024, earning about $238–256M of segment income. It became a drag in 2025 (segment income $67.7M) as commercial demand normalised and copper and propellant costs spiked. - **Investment thesis.** The thesis now hinges on three things: the cycle trough in chlor-vinyls and epoxy, Beyond250 self-help, and Huntsman merger execution.
Company Headquarters: US Founded: 1916 Workforce: ~ 156,000 Company Working: Boeing Company's Défense, Space & Security (BDS) is a business unit that specializes in the production, maintenance, and improvement of fixed-wing and rotary-wing aircraft, commercial and government satellites, human spaceflight programs, and weapons. BDS is a renowned global leader in the defence and space industry, with core competencies in the development, production, and mission-critical upgrades of comprehensive solutions. Its primary markets include aeronautics, space, and weapons. BDS is committed to delivering innovative, digitally advanced, and highly efficient solutions to its customers. Its expertise lies in the production and integration of complex systems that provide integrated solutions to meet the diverse needs of its customers. BDS is a highly skilled and experienced contractor that delivers advanced solutions in the fields of defence, space, and security, with an emphasis on quality, efficiency, and customer satisfaction.
6 interactive charts drawn from the Handheld Counter IED Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Handheld Counter IED Market Rest Of Middle East And Africa, Israel, Saudi Arabia and UAE Of Middle East And Africa
Global Handheld Counter IED Market China, India, Japan and Rest Of Asia Pacific By Country
Global Handheld Counter IED Market Germany, France, United Kingdom, Russian Federation and Rest Of Europe By Country
Global Handheld Counter IED Market United States and Canada Of North America By Country
Global Handheld Counter IED Market Brazil and Rest Of South America
Global Handheld Counter IED Market By Region
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Historical performance and future projections (2020–2030, USD Billion)
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