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CBRN Defense Market: Advanced Technologies & Growth Opportunities in Global Industry by 2022
CBRN Defense
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The CBRN defense market was USD 14.68 Billion in 2016 and is projected to reach USD 19.15 Billion by 2022, at a CAGR of 4.65% from 2017 to 2022. Various factors, such as growing regional conflicts among nations have led to stockpiling of various Weapons of Mass Destruction (WMD) by various countries, and threats from terrorist groups and hostile neighboring countries are expected to drive the CBRN defense market.
Based on type, the chemical segment is estimated to lead the CBRN defense market in 2017. Growth in this market is attributed to the increasing demand for protection against Chemical Warfare Agents (CWA). These include various protective wearables, detection equipment, and chemical simulators. Use of chemical CBRN protection equipment in the civil and commercial sectors is due to the growth in chemical industries and requirement for protection against toxic industrial chemicals.
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North America led the CBRN defense market in 2017, which has been studied for the US and Canada. The US leads the CBRN Defense market in North America. Factors responsible for the leading position of North America are the investments in CBRN equipment, threat from terrorism, and increase in transnational disputes. Technological advancements by major players also contribute to the growth of the CBRN defense market in the region.
Research Coverage:
The study segments the CBRN defense market on the basis of type (chemical, biological, radiological and nuclear), equipment (protective wearables, respiratory systems, detection & monitoring systems, decontamination systems, simulators, and information management systems), end user (civil & commercial, defense), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Rest of the World). The report provides in-depth market intelligence regarding the market dynamics and major factors that influence the growth of the CBRN defense market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the CBRN defense market.
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