Global CBRNE Defense Market Size study & Forecast, by Type (Chemical, Biological, Radiological, and Nuclear) by Purpose (Detection, Protection, Decontamination, Simulation and training), By Application (Military and Civil and Law Enforcement), and Regiona

Global CBRNE Defense Market Size study & Forecast, by Type (Chemical, Biological, Radiological, and Nuclear) by Purpose (Detection, Protection, Decontamination, Simulation and training), By Application (Military and Civil and Law Enforcement), and Regional Analysis, 2022-2029

Global CBRNE Defense Market is valued at approximately USD 15.78 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.41% over the forecast period 2022-2029. Chemical, biological, radiological, nuclear, and high-yield explosive defenses are defenses deployed by governments, militaries, and first responders to the CBRN threat through detection, identification, and prevention technologies. Governments and businesses look forward to incorporating advanced technology into her CBRNE system to streamline the entire process and overcome wartime conditions. Rising geopolitical tensions have significantly developed the CBRN defense market. The supply side of the market is introducing the latest technologies such as virtual reality, augmented reality, and the Internet of Things (IoT)

Positive development in Warfare, and utility of CBRNE Threats by Terrorist Groups driving the Market Growth. The rising geopolitical unrest is driving the demand for safely measures against possible threats across countries worldwide. Hence, Countries are focusing on technological innovations for defense against CBRN threats. Research organization have also started working on nanotechnology and AI for better CBRN defense and solutions and equipment. This development has emphasized governments worldwide to invest and nurture R&D, and the manufacturing of systems for homeland security is anticipated to drive the market. Growing use of CBRN Safety measures by emergency medical services (EMS) across the world has taken stringent steps in CBRN to make patient safety their top priority. Decontamination is of primary importance while treating patients with chemical exposure, provided that the patients do not require immediate life–saving intervention Lack of Investment in research and development is curbing the market growth, Limited research and development in the field of chemical and biological threats have led to unpreparedness.. This can act as a major restraint in the growth of the market.

According to the World Bank, global GDP will increase by 4.0% in 2021. Moreover, each region is facing significant growth. The Middle East and North Africa will grow by 2.1%, Europe and Central Asia by 3.6%, South Asia by 7.2% in 2021 and 4.2% by 2022, Latin America by 4.6%, and East Asia and the Pacific by 7.4%. The global economy should therefore recover and the market should return to pre-pandemic levels within a few years. According to 2018 & 2019 Annual Threat Assessment of the U.S Intelligence Community reports, international regimes such as Russia, Syria, Iran, North Korea, Pakistan, China, and terrorist group has increased threats through capability enhancement, production, proliferation, and utilization of weapons on the world populace.

The key regions considered for the Global CBRNE Defense Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market and stood for USD 5.90 billion in 2020. The adoption of safety measures to protect the armed forces and high military budgets are the primary factors supporting the growth of the market in North America. According to the Stockholm International Peace Research Institute (SIPRI) report 2021, the U.S. accounted for 39% of total military expenditures. Asia Pacific market is estimated to be the fastest growing in the forecast period. The growing defence budgets of China and India to strengthen their border security are anticipated to fuel the market growth in the Asia Pacific.

Major market player included in this report are:

Teledyne FLIR LLC. (U.S)
Rheinmetall Defence (Germany)
Smith’s Group PLC (UK)
Bruker Corporation (U.S)
Chemring Group PLC (UK)
Hunter Défense Technologies (HDT) Global (U.S)
QinetiQ (UK)
Care Quality Commission Organization (U.K)
Saab Ab (Sweden)
Nexter NBC sys (Germany)
Argon Electronics Ltd (UK)

Recent Developments in the Market:
In July 2022, Argon Electronics (UK) Ltd. Will demonstrate a Radiation Field Training Simulator (RaFTS) will be announced.
In June 2021, Teledyne FLIR was awarded a US$19 million R&D contract for joint CBRN modernization.

Global CBRNE Defense Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered By Purpose, By Type, By Application, and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Purpose:
Detection
Protection
Decontamination
Simulation and training

By Type:
Chemical
Biological
Radiological
Nuclear

By Application:
Military
Civil and Law Enforcement

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Ro APAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
Teledyne FLIR LLC. (U.S)
Rheinmetall Defence (Germany)
Smith’s Group PLC (UK)
Bruker Corporation (U.S)
Chemring Group PLC (UK)
Hunter Défense Technologies (HDT) Global (U.S)
QinetiQ (UK)
Care Quality Commission Organization (U.K)
Saab Ab (Sweden)
Nexter NBC sys (Germany)
Argon Electronics Ltd (UK)


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