PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298122
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298122
The global CBRN defense market size is expected to reach USD 33,468.5 million by 2032, according to a new study by Polaris Market Research. The report "CBRN Defense Market Share, Size, Trends, Industry Analysis Report, By Type (Chemical, Biological, Radiological, Nuclear, Explosive); By Equipment; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The CBRN defense market is experiencing significant growth due to the rise in terrorist threats, increased government funding for defense-related programs, and the growing importance of chemical and biological defense in military operations. The COVID-19 pandemic has further amplified the need for better CBRN defense capabilities, resulting in a surge in demand for protective equipment and detection systems.
The CBRN defense market encompasses a wide range of products designed to counteract the effects of chemical, biological, radiological, and nuclear hazards. Protective suits, masks, detection equipment, decontamination systems, and more are some of the essential components of the market.
The rising demand for CBRN defense products can be attributed to several factors, including increased awareness of the risks associated with these hazards, technological advancements, and the growing need for more comprehensive defense solutions. As the market expands, companies will likely focus on developing new and innovative products to meet the evolving needs of various industries and governments.
The CBRN defense market has seen significant growth due to increasing demand for detection and identification systems, investment in research and development to improve effectiveness, rising demand for personal protective equipment (PPE), growing adoption of unmanned systems such as drones and robots, and a focus on cybersecurity. Detection and identification systems are critical in quickly and accurately identifying hazardous materials.
Governments and defense organizations invest heavily in research and development to create advanced technologies to protect against CBRN threats. The demand for PPE has increased due to global pandemics and bioterrorism threats. Unmanned systems detect, identify, and decontaminate areas affected by CBRN threats. Cybersecurity is becoming increasingly important with the growing use of digital technologies in CBRN defense systems. There is a need to develop more secure and resilient approaches to withstand cyber threats.
Chemical segment expected to the largest revenue share in 2022. Due to it encompasses detection, recognition, safety equipment, and protective wearables like hazmat suits, respirators, gloves, and footwear that are crucial for personnel safety and limiting the spread of chemical agents.
Respiratory systems segment projected to hold largest revenue and highest CAGR during forecast period, due to the rising demand for effective respiratory protection against CBRN threats.
Armed forces segment dominated the market in 2022. Due to governments and defense organizations are investing heavily in advanced CBRN defense systems and technologies due to the increasing focus on soldier modernization programs and the need for enhanced CBRN defense.
North America dominated the market and will continue its dominance over the forecast period due to North American commercial renovation and restoration market is driven by increased demand for products and expansion in various industries.
The global key market players include: Thales Group, Smiths Group plc, Mine Safety Appliances, Karcher Futuretech GmbH, Bertin Technologies, Argon Electronics, Battelle Memorial Institute, Blucher, Nexter Group KNDS, Chemring Group PLC, Teledyne FLIR LLC, Avon Protection, Bruker Corporation, Cristanini S.p.a, and Leidos.
Polaris Market Research has segmented the CBRN Defense market report based on type, equipment, end-use, and region: