The CBRNE Defense Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s CBRNE Defense Global Market Report 2024, The cbrne defense market size has grown strongly in recent years. It will grow from $18.19 billion in 2023 to $19.49 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to geopolitical instabilities, terrorism and asymmetric threats, industrial accidents and hazmat incidents, global public health concerns, international agreements and treaties.
The cbrne defense market size is expected to see strong growth in the next few years. It will grow to $24.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to emerging threat landscape, increased frequency of hazmat incidents, biosecurity concerns and pandemic preparedness, strategic importance of national security. Major trends in the forecast period include focus on decontamination technologies, public-private partnerships in research, cybersecurity measures for critical infrastructure, training and simulation programs, emphasis on early warning systems.
The rise in geopolitical tensions is expected to propel the growth of the CBRNE defense market going forward. Geopolitical tensions refer to the risk connected with tensions or acts between individuals that affect international relations’ regular and peaceful flow. Geopolitical tensions create a sense of urgency and prioritize the need for robust CBRNE defense measures to protect against security risks and enhance overall preparedness and response capabilities. This contributes to allocating resources, developing advanced technologies, improving coordination, and public engagement necessary to counter potential CBRNE threats. As geopolitical tensions increase, the demand for CBRNE defense also increases. For instance, in March 2022, according to The Armed Conflict Location & Event Data Project (ACLED), a US-based non-profit organization, in 2020, there were 33,331 reported events of political violence targeting civilians, which increased by 12% to 37,185 events in 2021. Similarly, civilian fatalities rose 8%, with 35,879 reported in 2020 compared to 38,658 in 2021. Therefore, the rise in geopolitical tensions is driving the growth of the CBRNE defense market.
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The cbrne defense market covered in this report is segmented –
1) By Type: Chemical, Biological, Radiological, Nuclear, Explosive
2) By Equipment: Protective Wearables, Respiratory Systems, Detection And Monitoring Systems, Decontamination Systems, Simulators, Information Management Software
3) By Purpose: Detection, Protection, Decontamination, Simulation and Training
4) By End-Users: Military, Civil and Law Enforcement, Other End-users
Technological advancements are a key trend gaining popularity in the CBRNE defense market. Companies operating in the CBRNE defense market are adopting new technologies and uncovering new attack-prevention tools to sustain their position in the market. For instance, in August 2022, CrowdStrike, a US-based cybersecurity technology company, launched its first AI-powered Indicators of Attack (IoAs). These new detection and response capabilities help organizations block developing attack strategies and optimize the threat detection and response lifecycle regarding speed, scalability, and accuracy. Additionally, AI-powered IoAs have identified over 20 previously unseen adversary patterns that professionals have validated and implemented on the Falcon platform for automated detection and prevention.
The cbrne defense market report table of contents includes:
1. Executive Summary
2.CBRNE Defense Market Characteristics
3. CBRNE Defense Market Trends And Strategies
4.CBRNE Defense Impact Of Market analysis
5.CBRNE Defense Market Size And Growth
6.CBRNE Defense Segmentation
7.CBRNE Defense Regional And Country Analysis
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27.CBRNE Defense Competitive Landscape And Company Profiles
28.CBRNE Defense Key Mergers And Acquisitions
29.CBRNE Defense Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Argon Electronics Ltd.
- Avon Protection Systems Inc.
- Blücher GmbH
- Chemring Group PLC
- Kärcher Futuretech GmbH
- Smiths Group PLC
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