PUBLISHER: The Business Research Company | PRODUCT CODE: 1414092
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414092
“CBRNE Defense Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cbrne defense market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cbrne defense? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cbrne defense market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
CBRNE, an acronym for Chemical, Biological, Radiological, Nuclear, and Explosive, encompasses various hazards stemming from deliberate acts of terrorism, accidental releases, or natural disasters. CBRNE defense involves strategies and measures aimed at mitigating and countering these threats.
The primary categories within CBRNE defense include chemical, biological, radiological, nuclear, and explosive threats. Chemical hazards involve substances comprising different atom combinations capable of chemical reactions. Defense against chemical threats focuses on detecting and identifying hazardous chemicals, decontaminating affected areas, and providing protective equipment for personnel. Various equipment and systems play crucial roles in CBRNE defense against chemical threats. These include protective wearables, respiratory systems, detection and monitoring systems, decontamination systems, simulators, and information management software. These tools are utilized for detection, protection, decontamination, simulation, and training purposes. They find application across sectors such as the military, civil services, law enforcement, and other relevant entities involved in defense and emergency response.
The CBRNE defense market research report is one of a series of new reports from The Business Research Company that provides CBRNE defense market statistics, including CBRNE defense industry global market size, regional shares, competitors with a CBRNE defense market share, detailed CBRNE defense market segments, market trends, and opportunities, and any further data you may need to thrive in the CBRNE defense industry. This CBRNE defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cbrne defense market size has grown strongly in recent years. It will grow from $18.19 billion in 2023 to $19.49 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to geopolitical instabilities, terrorism and asymmetric threats, industrial accidents and hazmat incidents, global public health concerns, international agreements and treaties.
The cbrne defense market size is expected to see strong growth in the next few years. It will grow to $24.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Anticipated growth in the upcoming period is expected to stem from various critical factors. These include the evolution of an emerging threat landscape posing new challenges, a heightened frequency of hazardous materials (hazmat) incidents, growing concerns regarding biosecurity and preparedness for pandemics, and the strategic significance placed on national security measures.
Escalating geopolitical tensions are anticipated to drive the growth of the CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosive) defense market. These tensions disrupt international relations' usual flow, necessitating robust defense measures against CBRNE threats. The urgency to bolster preparedness, deploy advanced technologies, and enhance coordination amplifies the demand for CBRNE defense. For instance, in 2020, The Armed Conflict Location & Event Data Project (ACLED) reported 33,331 events of political violence targeting civilians, surging to 37,185 events in 2021, with civilian fatalities increasing from 35,879 to 38,658, signifying the market's growth driven by heightened tensions.
Increasing defense expenditures globally are projected to fuel the CBRNE defense market. Allocations towards defense are crucial for acquiring advanced detection and protection equipment and training personnel, bolstering national security. According to the Stockholm International Peace Research Institute, world military expenditure reached a record high of $2,240 billion in 2022, with notable increases in Europe and the United States. Such investments significantly contribute to driving the growth of the CBRNE market.
Technological advancements are a pivotal trend shaping the CBRNE defense market. Companies in this sector are leveraging new technologies to develop cutting-edge attack-prevention tools. For instance, CrowdStrike launched AI-powered Indicators of Attack (IoAs), enhancing threat detection and response capabilities, identifying previously unseen adversary patterns, and enabling automated detection and prevention on the Falcon platform.
Strategic collaborations among major players are instrumental in introducing innovative concepts and boosting revenues in the CBRNE defense market. Partnerships between government entities, private companies, and academic institutions drive innovation and research. Avon Protection PLC, in partnership with OPEC CBRNe Ltd., introduced a novel CBRN protective suit concept designed to integrate with existing CBRN respiratory masks, boots, gloves, and helmets. This suit aims to offer elevated safety standards and enhanced user comfort for first responders and military applications.
In May 2021, Teledyne Inc. acquired FLIR Systems, Inc. for $8 billion, enabling Teledyne to integrate thermal imaging capabilities with its existing products and technologies. FLIR Systems, Inc., specializing in thermal imaging cameras and CBRNE detectors, offers integrated solutions in surveillance, public safety, and industrial monitoring. This acquisition presents growth opportunities and enhanced solutions in various sectors.
Major companies operating in the cbrne defense market report are Argon Electronics Ltd., Avon Protection Systems Inc., Blucher GmbH, Chemring Group plc, Karcher Futuretech GmbH, Smiths Group plc, Battelle, Leidos Inc., QinetiQ Group, Saab AB, Bruker Corporation, MSA Safety Inc., Thales Group, Southern Scientific Ltd., Bertin Instruments, FLIR Systems Inc., Morpho Detection, Environics OY, General Dynamics Corporation, Thermo Fisher Scientific Inc., Proengin SA, L3Harris Technologies Inc., Allen-Vanguard Corporation, NBC Sys Co. Ltd., BioFire Diagnostics Inc., Kromek Group plc, Bruhn NewTech, AirBoss Defense Group, Federal Resources Supply Company, Cobham plc
North America was the largest region in the CBRNE defense market in 2023. The regions covered in the cbrne defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the cbrne defense market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The CBRNE defense market consists of sales of detection and monitoring systems, personnel protective equipment, decontamination equipment, medical countermeasures. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.