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Global CBRN Market is Projected to Reach a market value of US$ 15.5 Billion by 2031: Visiongain Research Inc

·4-min read

Visiongain has published a new report on Global CBRN Market Report Forecast 2021-2031. Forecasts by Type (Chemical, Biological, Nuclear, Radiological), End Use (Defense, Civil & Commercial), Equipment Type (Detection, Protection, Contamination, Simulation & Training), PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

Global CBRN market was valued at US$ 9.0 billion in 2020 and is projected to reach a market value of US$ 15.5 billion by 2031. The market is driven by factors such as growing conflicts among nations. Further, stockpiling of Weapons of Mass Destruction (WMD) by countries and threats from terrorist groups are the factors that are expected to fuel the market. Spending by military forces on increasing soldier survivability in the war zone against CBRN threats and emerging biological-threats among the general population are the factors driving the CBRN market.

Download Exclusive Sample of Report @ https://www.visiongain.com/report/cbrn-market-2021/#download_sampe_div

COVID-19 Impact on CBRN Market

COVID-19 outbreak has raised awareness among the countries against the biological threats and has promoted use of detection and protection technologies for mitigation of risk. Use of masks, gloves, infrared temperature sensors, PPE kites, among others have increased considerably during the COVID-19 pandemic. The countries have been seriously affected due to the strict lockdown imposed to control virus spread. The restriction on national and international travel and trade has directly impacted the supply chain of companies.

Market Drivers

Proliferation Risks from Unstable States and Regions

Non-proliferation norms that have been laid out to stop the accumulation of CBRN weapons especially nuclear weapons, disarm the countries currently possessing nuclear capabilities and to encourage peaceful use of nuclear energy. However, countries in regions like Middle East and Asia Pacific have started accumulation of these weapons for use in war time. There has been an uneven participation in the non-proliferation and nuclear security related treaties in the Easter Asian countries which has raised serious concern.

Increasing Demand for Soldier Survivability Remains a Priority Among Military Forces

Increasing threat from CBRN threats has led to an growth in the preparedness against such attacks. The countries are procuring products and services that will help in increasing the survivability of military forces. These technologies help the soldiers mitigate the risk of CBRN threats by providing protection such as CBRN resistant vehicles, clothing and providing CBRN training.

Get Detailed TOC @ https://www.visiongain.com/report/cbrn-market-2021/#download_sampe_div

Market Opportunities

Miniaturisation & Portability

Research and development department of the CBRN companies are focused on development of smaller, lighter and portable CBRN detectors to meet diverse capability requirements

Complex Military Requirements

Diverse military requirements for CBRN systems combined with the complexity of developing integrated solutions will drive innovation in the market.

Competitive Landscape

Some of the companies profiled in the report include AirBoss of America Corporation, Argon Electronics, Avon Rubber, BioFire Defense, Bioquell, Blücher GmbH, Bruker Corporation, Chemring Group PLC. Companies in the market are focusing on acquisitions to strengthen their position in the CBRN market. For instance, in November 2017, 3M completed the acquisition of North Carolina-based Scott Safety. The acquisition helped the company in expanding their product portfolio in the protective equipment segment in the CBRN market. Companies are continuously upgrading their products to meet the needs of the customers and ensure the technologies remain updated to fight the growing CBRN attacks.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
with our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the CBRN market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports of CBRN Defense Sector click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: dev.visavadia@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

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PR at Visiongain Inc.
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Email: dev.visavadia@visiongain.com
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SOURCE Visiongain Limited.


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