Sep 2, 2020 SOURCE: BusinessWire

Insights on the Global Chemical, Biological, Radiological, and Nuclear Defense (CBRND) Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio

The chemical, biological, radiological, and nuclear defense (CBRND) market is expected to grow by USD 5.36 billion, accelerating at a CAGR of almost 8% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled GLOBAL CHEMICAL, BIOLOGICAL, RADIOLOGICAL, AND NUCLEAR DEFENSE MARKET 2020-2024 (Graphic: Business Wire)

Growing chemical and biological warfare by militants is one of the major factors propelling market growth. However, the soldier protection system funding constraints will hamper market growth.

The growing tensions between several nations have increased the number of conflicts over the years. This has resulted in many civilian casualties, which increased the use of CBRN weapons by militants. The ISIS conflict, the Indo-Pak conflict over Kashmir, the Syrian civil war, and the Lebanon conflict are some of the few examples of such conflicts. Hence, there is a growing demand for CBRN defensive products such as personal protective equipment, detection systems, vehicle-mounted improvised explosive devices (IEDs) detective systems, detonators, and decontamination devices. For instance, the ongoing instability and regional tension in the Middle East has forced the defense agencies to upgrade the CBNRD for troops. Many such factors are driving the growth of the global chemical, biological, radiological, and nuclear defense (CBRND) market.

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Global Chemical, Biological, Radiological, and Nuclear Defense (CBRND) Market: Product Landscape

Based on the product, the CBRN protection segment will witness lucrative growth during the forecast period. The segment is mainly driven by increasing investments in the procurement and development of CBRN force protection equipment by countries such as the US, the UK, Turkey, Saudi Arabia, Oman, India, South Korea, and Egypt. Also, improving economic conditions and increasing territorial disputes between China and Vietnam; India and Pakistan; and North Korea and South Korea are expected to fuel the growth of the segment during the forecast period.

Global Chemical, Biological, Radiological, and Nuclear Defense (CBRND) Market: Geographic Landscape

By geography, North America is going to witness lucrative growth during the forecast period. The rapid development of biological and chemical weapons for use in warfare is compelling the US to develop excessive personal protection equipment such as gas masks for the armed personnel. Besides, the US government is planning to replace the existing Mission Oriented Protective Posture suits with smart uniforms. Many such factors are fueling the growth of the chemical, biological, radiological, and nuclear defense (CBRND) market in North America.

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Companies Covered

AirBoss of America Corp.
Alfred Kärcher SE & Co. KG
Avon Rubber Plc
Bruker Corp.
Chemring Group Plc
Elbit Systems Ltd.
FLIR Systems Inc.
Rheinmetall AG
Smiths Detection Group Ltd.
Thales Group

What our reports offer:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2019, 2020, until 2024
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

Market ecosystem
Market characteristics
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product
CBRN protection - Market size and forecast 2019-2024
CBRN detection - Market size and forecast 2019-2024
CBRN decontamination - Market size and forecast 2019-2024
CBRN simulation and training - Market size and forecast 2019-2024
Market opportunity by Product

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
AirBoss of America Corp.
Alfred Kärcher SE & Co. KG
Avon Rubber Plc
Bruker Corp.
Chemring Group Plc
Elbit Systems Ltd.
FLIR Systems Inc.
Rheinmetall AG
Smiths Detection Group Ltd.
Thales Group

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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