CBRNE Defense System Market will Record an Upsurge in Revenue during 2025

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Chemical, biological, radiological, nuclear, and explosives (CBRNE) weapons, also known as weapons of mass destruction (WMD), have been employed by the non-state and state actors throughout history. Both unintentional (accidental leaks in chemical and nuclear plants and biological disease outbreak) and intentional (acts of terrorism) CBRNE incidents result in a significant loss to humans and the environment. With the easy availability of CBRNE materials in the open market, the weaponization and dissemination of CBRNE weapons became quite simple. Nations have dedicated significant resources and attention to reduce the proliferation of CBRNE weapons and prepare for the after-effects of a CBRNE incident.

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The increasing procurement of CBRNE defense equipment by the government and commercial industries is the major driver for the CBRNE defense systems market. Moreover, shifting geopolitical environments also made governments procure CBRNE defense equipment in order to tackle a possible CBRNE event. However, countries such as the U.S. are planning to decrease the chemical and biological defense investment. Developed economies such as the U.S., the U.K., France, and Germany have reached market saturation, which challenges the CBRNE defense system market.

The COVID-19 outbreak significantly impacted the global economies. The governments were forced to pause all the operations that involved traveling and mass gatherings to control the effect of COVID-19. The restriction has blocked the flow of the supply chain in most industries, including the defense industry. However, the impact of COVID-19 on the defense industry is comparatively low compared to other industries due to significant pre-approved funding.

The global CBRNE defense system market reported a revenue of $13.56 billion in 2019 and is estimated to cross $20.23 billion by 2025, at a CAGR of 4.10% during the forecast period, 2020-2025. Moreover, in 2019, 58.10 million units of CBRNE defense systems were procured, and this number is expected to reach 87.47 million units by 2025 at a CAGR of 3.96% during the forecast period.

North America dominated the global CBRNE defense system market in 2019 and is anticipated to uphold its dominance throughout the forecast period. Factors such as the presence of major CBRNE defense system manufacturers and a significant investment by the U.S. Department of Defense (DoD) fueled the high growth rate and major share of the U.S. in the CBRNE defense system market. Moreover, the increasing demand for advanced detection systems in the commercial industries powered the growth rate in the region.

The global CBRNE defense system market is one of the most competitive industries, with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the global CBRNE defense system market exhibits an inclination toward emerging strategies and developments by market players.

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The global CBRNE defense system market has some prominent players who constantly adopt new strategies to enhance their market presence and increase their annual revenue. The prominent players in the CBRNE defense system market adopted strategies such as product launch, contracts, mergers, and acquisitions to expand their market presence. The companies are also involved in some other developments that include awards, demonstration, integration, and business expansions. The CBRNE defense system market is highly competitive and requires manufacturers to continually innovate and develop cutting-edge products. The existing companies and new entrants, which are expected to develop next-generation defense solutions to cater to the need for future applications, could benefit from the global CBRNE defense system market. The prominent companies in the CBRNE defense system market include 3M, AB Precision (Poole) Ltd, Airboss Defense Inc., Argon Electronics Ltd., Avon Protection, Block Engineering, LLC., Bruker Corporation, Chemring Group PLC, Cristanini SPA, Critical Solutions International (CSI), Environics Oy., FLIR Systems, Inc., HoldFast System, Kärcher Futuretech GmbH, MSA Safety, Inc., OPEC CBRNE, Rapiscan Systems, and Smiths Group.