augmented reality, virtual reality
Increased Defense Spending Drives the Market Growth
Countries have started to invest in the upgrade and modernization of their defense sector. Leading authorities are concerned about the safety of their citizens and want to equip themselves with all weapons and equipment to counter-terrorism activities. The defense spending increased by 0.7 percent in real terms in 2021 to reach $2113 billion across the globe. Defense spending is continuously increasing, and 2021 was the seventh consecutive year in which the defense expenditure exceeded the previous year. The top five countries that had spent the largest amounts in 2021 were the United States, China, India, the United Kingdom, and Russia. The United States spent significant portions of its funding on research and development activities focusing on the adoption of next-generation technologies in the existing infrastructure. The threat of chemical, biological, radiological, and nuclear weapons has increased significantly in the past years, and the military forces work to decontaminate hazardous spills or accidents to prevent mass destruction. The surge in defense expenditure and the increased threats of mass destruction weapons are expected to increase the global CBRN defense market share over the next five years.
Technological Innovations Accelerates the High Market Demand
unmanned aerial vehicles
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Market Segmentation
In terms of country, the United States is anticipated to be a promising market due to the highest defense spending across the world.
Market Players
Teledyne Flir LLC, Chemring Group PLC, Bruker Corporation, Thales Group, Msa Safety, Inc., Smiths Group PLC, Avon Protection PLC, Airboss Defense Group Inc., Cubic Corporation, Rheinmetall AG, are the major market players operating in the global CBRN defense market.
Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
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Equipment
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Purpose
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End Use
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Regional scope
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North America; Asia Pacific; Europe & CIS; South America;
Middle East & Africa
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Country scope
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United States; Canada; Mexico; China,
India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France,
United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina;
Saudi Arabia, Iran, Israel, UAE, Turkey
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Key companies profiled
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Teledyne Flir LLC, Chemring Group PLC, Bruker Corporation, Thales
Group, Msa Safety, Inc., Smiths Group PLC, Avon Protection PLC, Airboss
Defense Group Inc., Cubic Corporation, Rheinmetall AG
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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