The global CBRN security market was valued at ~ $16,700 million in 2020. The global CBRN security market is forecast to grow at a CAGR of ~5.5% during the forecast period from 2021-2027. In geographical terms, North America was the highest revenue contributor and is forecast to grow at a CAGR of 5%. Also, Asia-Pacific will grow significantly at a CAGR of 6.5%.
CBRN (chemical, biological, radiological, and nuclear) security instruments are designed to meet the requirements of armed and civil security forces, with a registered composition and system for detection and identification of chemical, biological, radiological, and nuclear agents. Further, protecting against contamination, avoiding it, and mitigating it are also integral components of defense. Incidents differ from hazardous material occurrences in both degrees of whether or not they are considered mass losses. However, planned incidents are when hazardous materials are released into the environment intentionally with the intent of terrorism.
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Factors Affecting the Global Chemical Biological Radiological Nuclear Security Market
- Security is a key driving force of the global CBRN market due to the alarming increase in terrorism activities, changing global politics, and technological advancements in weapons & ammunition.
- Globally, governments are committing funds and planning for CBRN security, which is expected to drive market growth.
- A high cost associated with CBRN security products and services restrains the market’s growth.
- The expansion of the global market is primarily dependent on the modernization of defense. Additionally, the market players are expected to reap remunerative opportunities through contracts and agreements with law enforcement agencies and military forces.
Covid-19 Impact Analysis on the Global Chemical, Biological, Radiological, Nuclear Security Market
CBRN security market experienced a negative performance in 2020 due to restrictions stemming from the Covid-19 crisis and disruptions in supply chains. The global CBRN security market has also been negatively impacted by the Covid-19 pandemic, given the increased commute restrictions, tight defense & security budgets, and forecast weak financial performance of players in 2020. Additionally, the Covid-19 pandemic has clearly highlighted the importance of enhanced preparedness for upcoming CBRN threats, whether accidentally, naturally, or maliciously occurring.
Regional Analysis of the Global Chemical, Biological, Radiological, Nuclear Security Market
By region, Asia Pacific dominated the CBRN market, followed by America and Europe. CBRN security will also increase in North American regions with terrorist attacks increasing as well as medical devices using radiopharmaceuticals for treatment. The demand for CBRN security is also expected to increase in countries such as India, China, France, and Germany in the coming years. The growth among the Asian Pacific regions is expected to be driven by increased defense budgets that include the adoption of ABRN security systems. However, CBRN security is poised to grow due to the growing demand in countries like India, China, and Brazil.
Key Market Players in the Global Chemical, Biological, Radiological, Nuclear Security Market
Leading players in the Global CBRN Security Market include:
- Blucher GMBH
- Bruker Corporation
- Argon Electronics (UK) Ltd.
- Thales Group
- Avon Rubber PLC.
- BioFire Defense, LLC
- FLIR Systems, Inc.
- AirBoss of America Corp
- HDT Global
- MSA Safety Incorporated
- Among Others
Market Segmentation of the Global Chemical Biological Radiological Nuclear Security Market
The global CBRN Security market is segmented on the basis of Type, Application, Function, and Region.
Segmentation based on Type
- Chemical Security
- Biological Security
- Radiological Security
- Nuclear Security
Segmentation based on Function
- Decontamination
- Protection
- Detection
- Simulation
Segmentation based on Application
- Military
- Law Enforcement
Segmentation Based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Chemical, Biological, Radiological, and Nuclear (CBRN) Security Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Chemical, Biological, Radiological, and Nuclear (CBRN) Security market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Chemical, Biological, Radiological, and Nuclear (CBRN) Security Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Chemical, Biological, Radiological, and Nuclear (CBRN) Security market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Chemical, Biological, Radiological, and Nuclear (CBRN) Security market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Chemical, Biological, Radiological, and Nuclear (CBRN) Security market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Chemical, Biological, Radiological, and Nuclear (CBRN) Security market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Chemical, Biological, Radiological, and Nuclear (CBRN) Security business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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