CBRN Defense Market Size, Key Players, Analysis and Forecast to 2026 - PowerPoint PPT Presentation

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CBRN Defense Market Size, Key Players, Analysis and Forecast to 2026

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CBRN Defense market is projected to grow from USD 17.4 billion in 2021 to USD 22.2 billion by 2026, at a CAGR of 5.0% during the forecast period. – PowerPoint PPT presentation

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Title: CBRN Defense Market Size, Key Players, Analysis and Forecast to 2026


1
CBRN Defense Market Size, Key Players, Analysis
and Forecast to 2026 According to a research
report "CBRN Defense Market by Type, End Use
(Defense and Civil Commercial), Equipment
(Protective Wearables, Respiratory Systems,
Detection Monitoring Systems,
Decontamination Systems, Simulators,
Information Management Software) Region
- Forecast to 2026" published by
MarketsandMarkets, CBRN Defense market is
projected to grow from USD 17.4 billion in 2021
to USD 22.2 billion by 2026, at a CAGR of 5.0
during the forecast period. Chemical,
Biological, Radiological, Nuclear,
and high yield explosives are the
defense solutions defense measures used by
governments, armed forces, and first responders
against CBRN
threats identification,
by detection, and prevention
techniques. The CBRN defense market has
evolved considerably owing to rising
geopolitical tensions. The supply side of the
market has witnessed the introduction of modern
technologies such as virtual reality, augmented
reality, and the Internet of Things (IoT). This
market is expected to have exponential growth
owing to the surge in demand for CBRN defense
equipment across industries. Increased military
spending globally is a major factor driving the
market. Browse 234 market data Tables and 51
Figures spread through 241 Pages and in- depth
TOC on "CBRN Defense Market Global Forecast to
2026" Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id112383226 Grow
ing investments by several governments
particularly in developed and developing
economies such as the US, India, and China, among
others. COVID-19 has caused the CBRN Defense
market growth to some extent, and this varies
from country to country. Industry experts believe
that the pandemic has increased the demand for
CBRN Defense. Based on Type, chemical segment is
estimated to witness the largest share of the
CBRN Defense market from 2021 to 2026. Based on
type, chemical segment of the CBRN Defense market
is estimated to held the dominant market share in
2021. The chemical defense segment includes
detection,
2
identification, and protective equipment used
against chemical agents such as Toxic Industrial
Chemicals (TIC), Toxic Industrial Materials
(TIM), and Chemical War Agents (CWA). The
protective equipment used for CBRN defense
includes protective wearables such as hazmat
suits, gas masks, gloves, and footwear. Equipment
such as portable devices and laboratory test
instruments are used for the detection of
chemical agents. Due to increase in chemical
warfare threats globally, will drive this
segment. For instance, in December 2021,
U.S. Defense Threat Reduction Agencys Joint
Science and Technology Office awarded an
contract worth USD 15.7 million to Teledyne
FLIR to develop augmented reality software
that can pinpoint chemical threats and map
them for the military. Based on Equipment,
protective wearables segment of the CBRN Defense
market is projected to witness the largest share
in 2021. Based on equipment, protective wearables
segment is projected to lead the CBRN Defense
market during the forecast period. Protective
wearables provide protection against CBRN
threats. The protective wearables include
protective clothing, protective gas mask and
hoods, escape devices, protective shoes, and
protective gloves. The main users of CBRN defense
equipment include first responders in the police,
fire safety department, and hazmat safety
officers in the commercial and civil sectors.
Military users include CBRN response teams in the
armed forces. The level and contamination
determine which type of CBRN protective wearable
can be used. This segment is leading due to fully
integrated Mopp-4 suit for highest chemical and
biological threat protection, wide industrial
application, and advancement in technology. Based
on end use, defense segment is estimated to
account for the largest share of the CBRN Defense
market from 2021 to 2026. Based on end use,
defense segment is estimated to account for the
largest share of the CBRN Defense during the
forecast period. The defense segment includes
military and homeland security. Military users
include the army, navy, and air force. The CBRN
defense equipment used by the defense
segment includes protective wearables,
detection equipment, and decontamination systems.
Homeland security personnel using CBRN defense
equipment comprises first responders in the
police, fire safety departments, and hazmat
safety officers. The defense segment in Asia
Pacific is projected to grow at the highest CAGR
during the forecast period. The Asia Pacific
market is projected to contribute the largest
share from 2021 to 2026 in the CBRN Defense
market Based on region, Asia Pacific is expected
to lead the CBRN Defense market from 2021 to 2026
in terms of market share. An increase in the
instances of terror attacks in the Asia Pacific
region has led countries of the region to enhance
their CBRN defense capabilities. In addition, the
increase in defense expenditures of India and
China, among others, and the expansion of
military commands in emerging economies have
3
accelerated the demand for CBRN Defense in the
Asia Pacific region. The demand for CBRN defense
solutions can be attributed to the increasing
investments by countries for the development and
procurement of advanced CBRN defense solutions
for their armed forces, border protection,
biowarfare programs. Contracts were the main
strategy adopted by leading players to sustain
their position in the CBRN Defense market,
followed by new product developments with
advanced technologies. Many companies also
collaborated to set up special centers for the
research development of advanced CBRN
Defense. Key Market Players The CBRN Defense
market is dominated by a few globally established
players such as Rheinmetall Defence (Germany),
Smiths Group PLC (UK), Teledyne FLIR LLC (US),
Bruker Corporation (US), and Chemring Group PLC
(UK), among others. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id112383226
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune
1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide
approach MarketsandMarkets for their
painpoints around revenues decisions. Marketsand
Marketss flagship competitive intelligence and
market research platform, "Knowledgestore"
connects over 200,000 markets and entire value
chains for deeper understanding of the unmet
insights along with market sizing and forecasts
of niche markets. Contact Mr.Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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