New York, United States , July 23, 2024 (GLOBE NEWSWIRE) -- The Global CBRN (Chemical, Biological, Radiological and Nuclear) Security Market Size is Expected to Grow from USD 18.21 Billion in 2023 to USD 29.56 Billion by 2033, at a CAGR of 4.96% during the forecast period 2023-2033.
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Technology, apparatus, and safety and security solutions that address chemical, biological, radiological, and nuclear hazards are referred to as "CBRN security". These threats primarily aim to endanger people's health and property in public spaces. To counter CBRN threats, most states have specialised reserve troops. The main users of CBRN security systems are military and law enforcement agencies; these systems are often acquired through contracts and agreements. The CBRN market is pushed forward by advantageous laws and agreements. Cooperation with industries and academic institutions is heavily encouraged by the US Department of Homeland Security's "National Strategy for Chemical, Biological, Radiological, Nuclear, and Explosives (CBRN) Standards". In the CBRN security sector, robotics is an important developing topic with a wide range of applications, including automation, human task performance, and surveillance. Thus, it is expected that the convergence and development of several technologies would change CBRN security in the forecast period. However, the cost of providing several law enforcement and military organisations with a sizable workforce, systems, equipment, and capital limits the growth of the CBRN security industry.
Browse key industry insights spread across 208 pages with 110 Market data tables and figures & charts from the report on the “Global CBRN (Chemical, Biological, Radiological and Nuclear) Security Market Size, Share, and COVID-19 Impact Analysis, By Type (chemical security, biological security, radiological security, nuclear security), By System (Detection, Protection, Simulation, Decontamination), By Application (Military, Law Enforcement), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The chemical security segment is expected to hold the largest share of the CBRN (chemical, biological, radiological and nuclear) security market during the anticipation timeframe.
Based on the type, the CBRN (chemical, biological, radiological and nuclear) security market is categorized into chemical security, biological security, radiological security, and nuclear security. Among these, the chemical security segment is expected to hold the largest share of the CBRN (chemical, biological, radiological and nuclear) security market during the anticipation timeframe. the chemical agents which come under the chemical defence category's technology-based detection, identification, and protection against. Protective clothing such as gas masks, hazmat suits, gloves and shoes are necessary for CBRN defence.
The protection segment is expected to grow at the fastest CAGR during the anticipation timeframe.
Based on the system, the CBRN (chemical, biological, radiological and nuclear) security market is categorized into detection, protection, simulation, and decontamination. Among these, the protection segment is expected to grow at the fastest CAGR during the anticipation timeframe. CBRN response teams within the armed services represent an additional class of military users. The suitable CBRN protective clothing depends on the type and degree of contamination.
The military segment is expected to hold a significant share of the CBRN (chemical, biological, radiological and nuclear) security market during the anticipation timeframe.
Based on the application, the CBRN (chemical, biological, radiological and nuclear) security market is categorized into military, and law enforcement. Among these, the military segment is expected to hold a significant share of the CBRN (chemical, biological, radiological and nuclear) security market during the anticipation timeframe. Military users, including the army, navy, and air force, use CBRN defence gear, which includes protective clothes, decontamination systems, and detection tools.
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North America is projected to hold the largest share of the CBRN (chemical, biological, radiological and nuclear) security market over the anticipation timeframe.
North America is projected to hold the largest share of the CBRN (chemical, biological, radiological and nuclear) security market over the anticipation timeframe. Investments are being driven by the region's focus on protecting vital infrastructure, such as transport and utilities. The market is growing as a result of strong interagency coordination, innovative technology advancements, and strict regulatory compliance. Furthermore, the region's dedication to fending off new threats and the presence of significant industrial players make it easier for CBRN security systems to spread across North America.
Asia Pacific is expected to grow at the fastest CAGR growth of the CBRN (chemical, biological, radiological and nuclear) security market during the anticipation timeframe. The Asia Pacific region has an increased demand for CBRN security due to the expansion of military commands in growing economies and the rise in defence budget in countries like China and India. The need for CBRN defence solutions is rising because countries are spending more and more money developing and purchasing state-of-the-art CBRN defence measures. The military's capabilities, biowarfare programmes, and border security are the three main goals of these expenditures.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global CBRN (chemical, biological, radiological and nuclear) security market are AirBoss of America Corp., AirBoss of America Corp., Argon Electronics (UK) Ltd., Bruker Corporation, Chemring Group PLC, FLIR Systems, Inc.,Rheinmetall AG and others.
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Recent Developments
- In February 2024, Avon Protection announced the release of a complete outer protection set that included gloves and boots made of Exoskin. For the first time, armed forces can now purchase an entire CBRN defence system from a single source thanks to the extended product portfolio.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global CBRN (chemical, biological, radiological and nuclear) security market based on the below-mentioned segments:
Global CBRN (Chemical, Biological, Radiological and Nuclear) Security Market, By Type
- Chemical Security
- Biological Security
- Radiological Security
- Nuclear Security
Global CBRN (Chemical, Biological, Radiological and Nuclear) Security Market, By System
- Detection
- Protection
- Simulation
- Decontamination
Global CBRN (Chemical, Biological, Radiological and Nuclear) Security Market, By Application
- Military
- Law Enforcement
Global CBRN (Chemical, Biological, Radiological and Nuclear) Security Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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