According to the latest report by IMARC Group, titled “CBRN Defense Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global CBRN defense market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Chemical, biological, radiological, and nuclear (CBRN) defense refers to the protective measures taken in situations where chemical, biological, radiological, or nuclear warfare hazards may be present. Conventional arms and ammunition systems are being increasingly replaced by CBRN weapons owing to their lethal potential for affecting the target on a much larger scale. CBRN defense comprises of passive protection, contamination avoidance, mitigation, etc. Examples of such defense systems include protective wearables, respiratory systems, detection and monitoring systems, decontamination systems, simulators, etc. CBRN defense equipment are utilized by military and law enforcement bodies across the globe.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
CBRN Defense Market Trends and Drivers:
The escalating risk of CBRN terrorism and nuclear warfare is one of the primary factors driving the CBRN defense market. Moreover, the adoption of advanced safety measures by various authorities concerned with medical services and the introduction of CBRN-related medical countermeasures are further catalyzing the market growth. Besides this, the growing ease of procurement of chemicals and materials for manufacturing CBRN weapons is propelling the demand for suitable defense systems across countries. Additionally, several demilitarization initiatives, such as the reduction of CBRN weapon stockpiles, and the expanding investments in CBRN resistance technologies are augmenting the global market. Apart from this, the launch of CBRN reconnaissance vehicles with real-time monitoring capabilities, georeferencing chemical compounds, LASER technology, etc., is acting as another significant growth-inducing factor.
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CBRN Defense Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Argon Electronics (UK) Ltd.
- Avon Protection Systems Inc.
- Blücher GmbH
- Bruker Corporation
- Chemring Group PLC
- Cristanini SPA
- Environics Oy
- FLIR System
- Kärcher Futuretech GmbH (Alfred Kärcher SE Co. KG.)
- MSA Safety Inc.
- Smiths Group PLC
- Thales Group.
The report has segmented the market on the basis on region, threat type, equipment and end use.
Breakup by Threat Type:
- Chemical
- Biological
- Radiological
- Nuclear
Breakup by Equipment:
- Protective Wearables
- Respiratory Systems
- Detection and Monitoring Systems
- Decontamination Systems
- Simulators
- Others
Breakup by End Use:
- Military
- Civil and Law Enforcement
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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