Deep neural networks based object detection models have revolutionized computer vision and fueled the development of a wide range of visual recognition applications. However, recent studies have revealed that deep object detectors can be compromised under adversarial attacks, causing a victim detector to detect no object, fake objects, or mislabeled objects. With object detection being used pervasively in many security-critical applications, such as autonomous vehicles and smart cities, we argue that a holistic approach for an in-depth understanding of adversarial attacks and vulnerabilities of deep object detection systems is of utmost importance for the research community to develop robust defense mechanisms. This paper presents a framework for analyzing and evaluating vulnerabilities of the state-of-the-art object detectors under an adversarial lens, aiming to analyze and demystify the attack strategies, adverse effects, and costs, as well as the cross-model and cross-resolution transferability of attacks. Using a set of quantitative metrics, extensive experiments are performed on six representative deep object detectors from three popular families (YOLOv3, SSD, and Faster R-CNN) with two benchmark datasets (PASCAL VOC and MS COCO). We demonstrate that the proposed framework can serve as a methodical benchmark for analyzing adversarial behaviors and risks in real-time object detection systems. We conjecture that this framework can also serve as a tool to assess the security risks and the adversarial robustness of deep object detectors to be deployed in real-world applications.