CBRN Defence Market to Capture 5% CAGR over 2023

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global CBRN Defence Market.

The global chemical, biological, radiological and nuclear (CBRN) security market to witness a healthy growth over the next several years. Market Research Future (MRFR) reports that the global CBRN security market will exhibits a 5% CAGR between 2017 and 2023. Growing defence expenditure worldwide is reflecting favourably on the market. CBRN defence system is a combination of protective gears used in situations where there is risk of high chemical, biological, radiological and nuclear exposure.

Governments are investing in CBRN security to protect civilian lives. Development of chemical weapons and their increased usage has become a major concern. These weapons have severe impacts on human life, wildlife and environment moreover their effects can last for years. Such grave risks have prompted development of effective defence systems that can detect, protect, and decontaminate. 

Over the years, significant advancement has taken place in the fields of nuclear energy, biotechnology and life science with both positive and negative outcomes. While the positives of the such developments are of immense value, their negatives have equally rattled the mankind. Rising threat from terrorism in regions such as Europe, Asia Pacific (APAC), the Middle East and Africa remains a major concern. Development of nuclear reactors for power generations is also perceived as a threat. The number nuclear reactors have now reach 60 that are spread across 13 countries, which include Poland, Turkey, Russia, China, Japan among others.

Recognized the severe impacts of the CNRN weapons, governments are introducing frameworks that supports demilitarization of such weapons. Also, authorities are investing in development of CBRN resistance technologies. This is expected to provide an impetus to the global CBRN defense market during the forecast period. Market players are actively focusing on product innovation, which is resulting in development of high-quality CBRN defence products that more capabilities and are more efficient.

Increased exploration in segments such as nuclear energy and chemical energy is also creating application opportunities for CBRN defence systems. These exploration activities carry exposure risks and hence require CBRN training.

The defense sector is one of the largest buyers of CBRN security. Increased incidence of terrorist attacks and war hysteria is prompting countries to increase their military might and capabilities. This is partly influencing the demand for CBRN security products. For instance, the global sales of CBRN reconnaissance vehicle have picked up steam. The vehicle has capabilities of detecting long-range CBRN threats. Some of the other capabilities include real-time monitoring and georeferencing of chemical compounds, and light amplification by stimulated emission of radiation (LASER).

Governments and international organizations are taking steps towards reduce CBRN threats. Anti-WMD and anti-CBRN initiatives are being taken in various countries across the global. In 1996, the International Court of Justice (ICJ) pronounced the use of nuclear weapons as illegal. During the same year, Comprehensive Nuclear Test Ban Treaty (CTBT) was signed at the United Nation (UN) by Russia, France, China, the U.K, and the U.S.

The U.S. accounts for the largest number of nuclear warheads in the world. The country also has a large stockpile of chemical weapons. The U.S. federal government is taking steps to systematically dispose these inventories. Currently, 3,000 ton of chemical weapons are stored in facilities at Bluegrass in Kentucky and Pueblo in Colorado. Officials have initiated depletion process of the Pueblo inventory. These inventories are expected to be destroyed completely within few years’ time.

Access Report Details @ https://www.marketresearchfuture.com/reports/cbrn-defense-market-1296

Global CBRN Defense Market: Competition Analysis

MRFR in its report has noted some of the leading market players, which include Bruker(U.S.), Smiths Detection(U.K.), Battelle(U.S.), Thales Group(France), Alfred Kärcher GmbH & Co. KG(Germany), Elbit Systems (Israel), Rheinmetall AG(Germany), America Corporation(U.S.), Bioquell(U.K.) and Cherming group(U.K.)