Global CBRNE Defense Market Outlook to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 24, 2019--
The “CBRNE Defense Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The CBRNE defense market is estimated to grow at a CAGR of over 4.5% during the forecast period 2019-2024.
Military segment is projected to grow at a high pace
Currently, the military has the highest share out of all the segments. With growing threats from terrorists and 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. The primary reason for the growth in this sector is that various countries around the world are engaged in CBRNE defense procurement.
The counter-terrorism officers in the UK are in plans to equip their fleet with 10 nuclear and radiological detection vehicles in a bid to trace weapons-grade materials in the UK. Additionally, the Netherlands Army plans to procure new chemical, biological, radiological, and nuclear (CBRNE) reconnaissance vehicles for their fleet. Moreover, the Netherlands army also plans to increase the operational lifespan of their 12 armored vehicles for CBRNE reconnaissance. Additionally, new reconnaissance capabilities shall enable the Royal Netherlands Army to effectively detect and identify all CBRNE-relevant substances. Thus, upcoming developments shall increase the focus on this segment, and this shall be the reason for its expected high CAGR.
North America is expected to see the highest growth
In the CBRNE defense market, regionally, North America is generating the highest revenue at present. North America is witnessing an increase in the number of developments related to CBRNE defense. The US Army trains all their army soldiers, pursuing a career in CBRNE Defense at the Army CBRNE School at Fort Leonard Wood. The US Air Force also trains its airmen, who are pursuing a career in counter-CBRNE operations in the same school at Fort Leonard Wood.
Companies such as Airboss Defense, a subsidiary of AirBoss of America Group are engaged in the manufacturing of up to 1,620,000 pairs of AirBoss Molded Glove (AMG) chemical, biological, radiological and nuclear defense (CBRNE) protective gloves. The glove has been developed to provide optimal fit, comfort, dexterity, tactility and fully integrates with all currently fielded CBRNE suits. Thus, various upcoming developments in the North American region shall lead to a positive impact on the growth of the market.
Various players are occupying significant market share during the forecast period in the CBRNE defense market. In 2017, the US Army announced that they have awarded 170 companies a potential 10-year, USD 8.27 billion contracts in order to help in research and development of chemical, biological, radiological and nuclear defense systems.
Companies such as FLIR Systems in 2018 have received orders for delivering of chemical, biological, radiological and nuclear reconnaissance dismounted kits, sets and outfit systems to the US army. The introduction of advanced technology robots for conducting of CBRNE missions as well as strategies such as focusing on building trust with the stakeholders, lowering of product costs and increasing product awareness shall lead to major players gaining traction in the market during the forecast period.
Key Topics Covered
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 Force Analysis
5 MARKET SEGMENTATION
5.1.4 Simulation and Training
5.2.2 Civil and Law Enforcement
5.3.1 North America
188.8.131.52 United States
5.3.2 Latin America
184.108.40.206 Rest of Latin America
220.127.116.11 Rest of Asia-Pacific
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Argon Electronics
6.4.2 Avon Rubber plc
6.4.4 Leidos Holdings Inc.
6.4.5 Blucher GmbH
6.4.6 FLIR Systems Inc.
6.4.7 Nexter Group - NBC-Sys
6.4.8 Karcher Futuretech GmbH
6.4.9 Murtech, Inc.
6.4.10 HDT Global, Inc.
6.4.11 QinetiQ Group plc
6.4.12 Saab AB
6.4.14 Endeavor Robotics
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/hx31lh
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Related Topics:Military Aerospace and Defense
INDUSTRY KEYWORD: MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
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PUB: 05/24/2019 09:46 AM/DISC: 05/24/2019 09:46 AM