Dublin, Feb. 22, 2024 (GLOBE NEWSWIRE) -- The "Global CBRN Defense Market by Type, End Use, Equipment (Protective Wearables, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software) & Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global Chemical, Biological, Radiological, and Nuclear (CBRN) Defense market is poised for unprecedented growth, projected to magnify from USD 16.1 billion in 2023 to USD 21.4 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 5.8%. This burgeoning sector harnesses ground-breaking defense mechanisms against CBRN threats to ensure safety on numerous fronts – military, industrial, and civil.
Research indicates a dominant market performance by the chemical segment in 2023, underscoring cutting-edge advancements in chemical detection technologies as pivotal for the sector's overall expansion. Countries are investing heavily in this area to bolster military and civil defense strategies.
Anticipated Market Leaders: Protective Wearables Ascend
Under the equipment category, the protective wearables sector is anticipated to capture the lion's share of the CBRN Defense market in 2023. The critical demand for enhanced protective measures amongst first responders, hazmat officers, and military personnel drives this segment forward, with each selection strategically meeting stringent contamination and military-specific regulations.
Defense Sector: A Sizable Contributor
The defense end-user segment emerges as a significant contributor to CBRN Defense, spanning from 2023 through 2028. This segment comprehensively includes military and homeland security, both of which necessitate a broad arsenal of specialized equipment and systems to effectively combat CBRN challenges.
Geographic Expansion: Asia Pacific at the Forefront
The Asia Pacific region is foreseen to hold the largest market share in CBRN Defense, from 2023 to 2028. The rise in terror attacks and the escalation of military budgets in countries such as India and China cement the region's position as a pivotal player in the CBRN defense arena.
Exhaustive Market Exploration and Analysis
With a meticulous market study encompassing diverse segments and subsegments, the aim is to reflect the market's size accurately and pinpoint its potential for expansion based on type, equipment, end use, and geographical analysis. The report delves into a comprehensive competitive landscape, profiling key market players and discerning their product portfolios, business innovations, and strategies. This in-depth research bolsters stakeholders' awareness and strategic positioning in the CBRN Defense market.
Stakeholder Advantages
- Gain a market penetration overview with comprehensive data on CBRN Defense offerings by the top industry players.
- Explore product development and innovation landscapes with insights on upcoming technological advancements and product launches.
- Expand market comprehension with information about lucrative markets and analysis across various global regions.
- Benefit from market diversification data including insights into new products and untapped geographic markets.
- Make an informed competitive assessment with detailed evaluations of market shares, growth strategies, and manufacturing capabilities of key industry players.
These focal points offer stakeholders pertinent information on imperative market dynamics, including drivers, restraints, challenges, and burgeoning opportunities.
The CBRN Defense market presents itself as a strong and dynamic sector, an intrinsic part of the ever-evolving defense landscape, responding to the call for superior safety against the backdrop of growing global threats.
Key Topics Covered
- Introduction
- Objectives of the Study
- Market Definition
- Study Scope
- Market Segmentation
- Regional Scope
- Research Methodology
- Secondary and Primary Data
- Impact Analysis of Russia-Ukraine War
- Factor Analysis
- Market Size Estimation
- Research Approach & Methodology
- Executive Summary
- Chemical Segment Growth
- Protective Wearables Dominance
- Defense & Government Leading
- Asia-Pacific Market Share
- Premium Insights
- Growth Opportunities
- Market Trends by Type, Equipment, End-user, and Country
- Market Overview
- Drivers, Restraints, Opportunities, and Challenges
- Trends Impacting Customer Business
- Value Chain and Supply Chain Analysis
- Market Ecosystem
- Trade Analysis
- Average Selling Price Trends
- Use Case Analysis
- Industry Trends
- Technology Trends
- Impact of Megatrends
- Innovations and Patent Registrations
- Technological Roadmap
- Market by Type
- Chemical, Biological, Radiological, Nuclear, Explosive
- Market by Equipment
- Protective Wearables, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software
- Market by End-user
- Defense & Government, Civil & Commercial
- Regional Analysis
- North America, Europe, Asia-Pacific, Middle East
Key Attributes
| Report Attribute | Details |
| No. of Pages | 234 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $16.1 Billion |
| Forecasted Market Value (USD) by 2028 | $21.4 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Companies Profiled
- Rheinmetall Defence
- Thales Group
- Teledyne Flir LLC
- Bruker Corporation
- Smiths Group PLC
- Chemring Group PLC
- Msa Safety, Inc.
- Avon Protection PLC
- Airboss Defense Group Inc.
- Hdt Global
- Leidos
- Indra
- Qinetiq
- Saab Ab
- Knds N.V.
- Environics Oy
- Argon Electronics (UK) Ltd.
- Blücher GmbH
- Cristanini Spa
- Kärcher Futuretech GmbH
- Rapiscan Systems
- Bioquell
- Arktis Radiation Detectors Ltd
- Battelle Memorial Institute
- Bharat Electronics Limited
For more information about this report visit https://www.researchandmarkets.com/r/cumtmd
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