Chemical, biological, radiological, and nuclear (CBRN) threats pose a significant risk to human life, the environment, and national security. Governments, armed forces, and first responders around the world rely on CBRN defense solutions to detect, identify, and prevent these threats. The global CBRN Defense Market, valued at USD 17.4 billion in 2021, is projected to grow at a CAGR of 5.0% to reach USD 22.2 billion by 2026, according to a report by MarketsandMarkets.
The rising geopolitical tensions and increasing instances of terror attacks are some of the factors driving the growth of the CBRN Defense market. Moreover, the COVID-19 pandemic has further highlighted the need for CBRN defense solutions. Governments and businesses around the world are investing in advanced technologies such as virtual reality, augmented reality, and the Internet of Things (IoT) to enhance their CBRN defense capabilities.
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The CBRN Defense market is segmented by type, end use, equipment, and region. The chemical segment of the CBRN Defense market is expected to dominate the market during the forecast period. The segment includes protective wearables such as hazmat suits, gas masks, gloves, and footwear, as well as portable devices and laboratory test instruments used for the detection of chemical agents. The increase in chemical warfare threats globally is driving the growth of this segment.
Protective wearables, such as protective clothing, gas masks and hoods, escape devices, protective shoes, and protective gloves, are projected to be the largest segment in the CBRN Defense market based on equipment. These wearables provide protection against CBRN threats and are used by first responders, military personnel, and hazmat safety officers.
The defense segment, which includes military and homeland security, is estimated to account for the largest share of the CBRN Defense market from 2021 to 2026. Military users include the army, navy, and air force, and the CBRN defense equipment used by the defense segment includes protective wearables, detection equipment, and decontamination systems. Homeland security personnel using CBRN defense equipment include first responders in the police, fire safety departments, and hazmat safety officers.
The Asia Pacific region is expected to lead the CBRN Defense market from 2021 to 2026 in terms of market share. The increase in defense expenditures of India and China, among others, and the expansion of military commands in emerging economies have accelerated the demand for CBRN Defense in the Asia Pacific region.
Key Market players
Contracts and new product developments with advanced technologies are the main strategies adopted by leading players such as Rheinmetall Defence (Germany), Smiths Group PLC (UK), Teledyne FLIR LLC (US), Bruker Corporation (US), and Chemring Group PLC (UK), among others in the CBRN Defense market. Companies are also collaborating to set up special centers for the research and development of advanced CBRN Defense solutions.
News Also Covered: https://www.prnewswire.com/news-releases/cbrn-defense-market-worth-22-2-billion-by-2026--exclusive-report-by-marketsandmarkets-301491415.html
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