CBRN Defense Market value $19.15 Billion by 2022


Posted April 13, 2021 by SandeepRoy

The CBRN Defense Market is projected to grow from USD 14.68 Billion in 2016 to USD 19.15 Billion by 2022, at a CAGR of 4.65% during the forecast period.
 
The report "CBRN Defense Market by Type, Equipment (Protective Wearables, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software), End User (Defense, Civil, & Commercial) - Global Forecast to 2022", The CBRN defense market is projected to grow from an estimated $15.26 Billion in 2017 to $19.15 Billion by 2022, at a CAGR of 4.65% from 2017 to 2022. Growth in this market can be attributed to the rise in safety measures by medical services authorities. Also, increasing demand for CBRN simulator training is a major growth opportunity for the CBRN defense market.

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The report provides in-depth market intelligence regarding the CBRN defense market and major factors, including drivers, restraints, opportunities, and challenges that influence the growth of the market. It also provides an analysis of micro markets with respect to individual growth trends, growth prospects, and their contribution to the overall market.

The chemical segment is estimated to account for the largest share in the CBRN defense market in 2017 and is projected to grow at the highest CAGR during the forecast period

Based on type, the chemical segment is estimated to account for the largest share in the CBRN defense market in 2017 and is projected to grow at the highest CAGR during the forecast period. The main users of chemical defense equipment include first responders in the police, fire safety department, and Hazmat safety officers in commercial and civil sectors. Military users including CBRN response teams in armed forces are increasingly procuring CBRN defense equipment. Emergency Medical Services (EMS) across the globe have taken stringent steps toward CBRN defense to make patient safety their top priority. In India, the Hazardous Substances Management Division, which is the nodal point within the Ministry for the Management of Chemical Emergencies and Hazardous Substances, has taken strict steps towards managing CBRN.

The protective wearables segment is estimated to account for the largest share of the CBRN market in 2017 and is projected to grow at the highest CAGR during the forecast period

Based on equipment, the protective wearables segment is estimated to account for the largest share in the CBRN defense market in 2017 and is projected to grow at the highest CAGR during the forecast period. Protective wearables are equipment designed for protection of first responders such as firefighters and counter terrorism teams from CBRN material exposure.

The defense segment is projected to grow at the highest CAGR during the forecast period

Based on end user, the defense segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the increased requirement of efficient tools and equipment for homeland security personnel that use CBRN defense equipment, including first responders in the police, fire safety department, and Hazmat safety officers.

The North America protective wearables market is projected to witness the highest growth during the forecast period

The CBRN defense market in North America is projected to grow at the highest CAGR from 2017 to 2022. Countries in this region include the US and Canada. Substantial investments by the US in defense and advancements in military capabilities of the US and Canada are some of the factors driving the CBRN defense market in North America.

Key Market Players

Major players in the CBRN defense market are Flir Systems, INC, Thales Group, Chemring Group Plc, Bruker Corporation, MSA Safety, Inc., and Smiths Group Plc, among others.

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Contact Email [email protected]
Issued By MarketsandMarkets
Country Japan
Categories Aerospace , Business , Defense
Tags CBRN Defense Market
Last Updated April 13, 2021