Press release
CBRN Defense Worldwide Market to Reach USD 27.10 Billion By 2030, at 5.1% CAGR
According to the research report, the global CBRN defense market was valued at USD 17.44 billion in 2021 and is expected to reach USD 27.10 Billion By 2030, growing at a CAGR of 5.1% during the forecast period.Government's rapid increase in initiatives and funds for Chemical, biological, radiological, and nuclear defense is driving the market growth during the forecast period. Civil wars and cross-border disputes have been rising worldwide in recent years. This is related to political unrest, military aggression, terrorism, territorial dispute, and natural resource possession.
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CBRN security is essential in border and civil wars as it is connected with the long-term proliferation of hazardous materials that may affect the population. Governments worldwide are implementing national programs to control these situations, and as a result, nations are investing heavily in CBRN security, boosting the market growth.
The protective wearables segment accounted for the leading share in the market. First, emergency personnel in the police and fire departments and hazmat safety officers in the commercial and civil sectors are the primary users of CBRN defense equipment. CBRN emergency responders in the armed forces are examples of military users. The level and concentration of pollutants determine the chemical, biological, radiological, and nuclear protective wearable used. This component leads due to the widespread industrial application and technological advancement.
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Top Market Players Are:
Market players such as Battelle Memorial Institute, Argon Electronics, BLUCHER GmbH, Nexter group KNDS, Avon Rubber PLC, Smiths Group PLC, Chemring Group PLC, Leidos Holdings Inc., FLIR Systems Inc, Blücher GmbH Bruker Corporation, Avon Protection Systems Inc., Chemring Group PLC, Environics Oy., Cristanini SPA, FLIR System, MSA Safety Inc., Kärcher Futuretech GmbH, and Thales Group are some key players operating in the global market.
In December 2021, Cubic Defence Australia confirmed a 14 yr contract extension to assist Australia's "Military Training Centre Live Instrumentation Simulation, Range Instrumentation, and Information System (CTC-LIS)." The Weapon Training Centre empowers the Australian military's world's biggest, most sophisticated, powerful, and effective teams to reach their full potential. The CTC-LIS provides the technological foundation to accomplish this mission.
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Polaris market research has segmented the CBRN defense market report based on type, equipment, end-user, and region:
CBRN Defense, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Chemical
Biological
Radiological
Nuclear
Explosive
CBRN Defense, Equipment Outlook (Revenue - USD Billion, 2018 - 2030)
Protective Wearables
Respiratory Systems
Detection & Monitoring Systems
Decontamination Systems
Simulators
Information Management Software
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.
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