Military Security & Defence Market Research News

CBRN defense market that will grow at a CAGR of 19.25% by 2022 illuminated by new report

“CBRN Defense Market By Type, Equipment (Protective Wearable’s, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software), End User (Defense, Civil, & Commercial) - Global Forecast To 2022.”

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The CBRN defense market is projected to grow at a CAGR of 4.68% during the forecast period

The CBRN defense market is projected to grow from USD 14.68 billion in 2017 to USD 19.25 billion by 2022, at a CAGR of 4.68% from 2017 to 2022 during the forecast period. Growth in this market is attributed to the rise in transnational disputes, threats from terrorist groups, and hostile neighboring countries.

However, factors such as market saturation in developed countries can restrain the growth of the CBRN defense market in the near future.

Based on type, the chemical segment is projected to be the fastest-growing market during the forecast period

Based on type, the chemical segment is estimated to lead the CBRN defense market in 2017.

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Growth in this market is attributed to the increasing demand for protection against Chemical Warfare Agents (CWA). These include various protective wearables, detection equipment, and chemical simulators.

Use of chemical CBRN protection equipment in the civil and commercial sectors is due to the growth in chemical industries and requirement for protection against toxic industrial chemicals.

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Based on equipment, the protective wearable’s segment is estimated to account for the largest share in the CBRN Defense market in 2017

Based on equipment, the protective wearable’s segment is estimated to lead the CBRN defense market in 2017, which can be attributed to investments by various nations in CBRN protective clothing. North America is expected to lead in the protective wearable’s segment during the forecast period, largely the US and Canada.

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