DUBLIN--(BUSINESS WIRE)--The "CBRNE Defense Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The CBRNE defense market is estimated to register a CAGR of over 6% during the forecast period 2022-2027.
Companies Mentioned
- Argon Electronics
- Avon Rubber PLC
- Battelle Memorial Institute
- Leidos Holdings Inc.
- BLUCHER GmbH
- FLIR Systems Inc.
- Nexter group KNDS
- Karcher Futuretech GmbH
- Chemring Group PLC
- Smiths Group PLC
- QinetiQ Group PLC
- Saab AB
- OSI Systems, Inc.
- National Technology
- Engineering Solutions of Sandia LLC
Key Market Trends
The Military Segment Accounts for Largest Share in 2021
The military segment currently dominates the market and is expected to continue its dominance over the market during the forecast period. With growing threats from terrorists and a rise in political tensions, CBRNE weapons have emerged as a potential threat for several countries.
Governments and defense departments of several nations are developing robust and effective countermeasures in order to protect the public and military personnel from CBRNE weapons. Governments, along with many militaries, are developing the necessary framework for tackling the threats caused by CBRNE incidents. The focus is on the protection of military personnel against any vulnerable attacks.
For instance, South Korea's Defense Acquisition Program Administration (DAPA) announced that the Republic of Korea Armed Forces deployed upgraded reconnaissance vehicles with enhanced capabilities to counter chemical and biological security threats in December 2021.
The vehicles are capable of monitoring hazardous airborne agents from a long distance and can transmit a CBRN warning through a military communications line. Moreover, many investments are being poured into the R&D of devices and equipment for countering CBRNE threats, which is expected to drive the segment during the forecast period.
North America is Anticipated to Witness the Highest Growth During the Forecast Period
The North America region is expected to grow at a rapid pace during the forecast period. The majority of demand for CBRNE defense systems in North America is generated from the United States, which has formulated a National Strategy for CBRNE Standards, mainly for the coordination, prioritization, establishment, and implementation of CBRNE equipment standards by 2020. The country is also significantly investing in the development of the CBRNE defense systems.
For instance, in June 2021, the US Department of Homeland Security (DHS) provided USD 2 million funding under Small Business Innovation Research (SBIR) Program to two companies for the development of machine learning technologies for the detection of CBRNE threats. With the machine learning technologies, the DHS plans to reduce time, redundancy, and cost as well as enhance the accuracy in detecting threats, such as explosives, chemical agents, and narcotics.
In addition to this, under the Man Transportable Robotic System Increment II (MTRS Inc II), the US Army is acquiring unmanned ground vehicles to support Engineers, Chemical, Biological, Radiological, and Nuclear (CBRN) Soldiers, and Special Operations Forces.
The new UGVs are replacing the aging non-standard fleet of robots for locating, identifying, and clearing landmines, unexploded ordnance, and improvised explosive devices, which may enhance the maneuverability and survivability of the military personnel. Under the MTRS Inc II has been acquiring Centaur unmanned ground vehicles since 2017.
During March 2020-May 2021, FLIR Systems received an order for more than 1,300 Centaur UGV (worth over USD 170 million) for the US armed forces. The investments in development and procurement plans of countries in North America are expected to propel the demand for advanced CBRNE defense equipment during the forecast period.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)
5.1 Purpose
5.2 Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/b2rt69
