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CBRNE Defense Market Size

Report ID: GMI7576
Published Date: Dec 2023
Report Format: PDF

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CBRNE Defense Market Size

Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) Defense Market was valued at USD 13.3 billion in 2022 and is estimated to register a CAGR of over 6.5% between 2023 & 2032. The substantial allocation of government funds to defense budgets plays a pivotal role in driving the industry expansion. According to the Press Information Bureau, for the fiscal year 2023 - 24, the Ministry of Defense (MoD) (India) has been granted a budget of USD 755.7 million, constituting 13.18% of the overall budget amounting to USD 572.9 billion. As nations prioritize national security, increased financial support enables the development & deployment of advanced technologies, systems, and equipment for effective defense against CBRNE threats, thereby propelling the market forward.

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The escalating demand to counteract CBRNE threats is a key driver propelling the CBRNE defense market. As the threat landscape evolves, there is a growing emphasis on developing and deploying advanced technologies & solutions for detection, protection, and response. This increasing demand, fueled by concerns about security and potential hazards, stimulates innovation & investment in CBRNE defense capabilities, thereby contributing to market expansion.

CBRNE Defense Market Report Attributes
Report Attribute	Details
Base Year:	2022
CBRNE Defense Market Size in 2022:	USD 13.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 24.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	285
Segments covered:	Purpose, Equipment, Application
Growth Drivers:	Increased government budget for defense Rising need to mitigate the CBRNE threats Ongoing technological innovations enhance the CBRNE defense solutions Rising concerns about national and global security
Pitfalls & Challenges:	The complexity of developing and maintaining sophisticated CBRNE defense systems Challenges in international cooperation and information sharing

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The development and maintenance of sophisticated CBRNE defense systems involve intricate technological challenges. The intricacy of sensor networks, detection algorithms, and decontamination processes necessitates substantial research & development efforts. Ensuring the reliability & interoperability of these technologies further adds to their complexity. Technical hurdles can lead to delays in deployment, cost overruns, and the need for continuous upgrades to stay ahead of the evolving threats, presenting significant obstacles to the seamless integration of advanced CBRNE defense capabilities.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) defense market was valued at USD 13.3 billion in 2022 and is estimated to register a CAGR of over 6.5% between 2023 & 2032, backed by the substantial allocation of government funds to defense budgets.

In 2022, the protective wearables segment held a market share of around 38% and will continue to witness demand owing to the growing recognition of diverse & evolving CBRNE threats and focus on ensuring the safety of military personnel and first responders in various operational scenarios.

North America dominated the global CBRNE defense industry with a major share of over 35% in 2022 and will continue to grow through 2032, favored by the synergy between technological innovation & military modernization, providing state-of-the-art systems to counter a wide spectrum of CBRNE hazards.

Avon Polymer Products Limited, Bruker Corporation, Chemring Group PLC, Karcher Futuretech GmbH, Leidos Inc., Murtech, Inc., National Technology and Engineering Solutions of Sandia, LLC., Nexter NBC sys, and OSI Systems, Inc. among others.