Standoff Detection – an Emerging Counter-IED Market
With a 2007-2012 CAGR of 15.7%, the standoff threat detection systems market is forecasted to be one of the fastest growing counter-IED markets. According to a recent research report by Homeland Security Research Corp. (HSRC), 2008-2012 Global Counter-IED Markets and Technologies Forecast, novel approaches to detecting and in some cases defeating threats from buried IEDs, suicide bombers and vehicle-borne IEDs (VBIED) will be deployed in a variety of locations with a forecast increased demand for standoff suicide bombers detection systems.
2008-2012 Global Counter-IED Market Forecast
A cumulative 2007-2012 market for $5.6B will be awarded to those that can overcome some of the major technological challenges, including the ability to detect the IED at a distance of at least 50 yards from any damageable target with minimal false alarms.