Oct 02, 2020 (Market Insight Reports) -- The Global CBRNe Defense Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The CBRNe defense market is estimated to register a CAGR of over 9%, during the forecast period 2020-2025.
Top Companies in the Global CBRNe Defense Market are Argon Electronics, Avon Rubber PLC, Battelle Memorial Institute, Leidos Holdings Inc, BLUCHER GmbH, FLIR Systems, Inc., Nexter group KNDS, Karcher Futuretech GmbH, Chemring Group plc, Smiths Group plc, QinetiQ Group plc, Saab AB, Rapiscan Systems, National Technology and Engineering Solutions of Sandia, LLC, and others .
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Key Market Trends
The Military Segment is Expected to Register the Highest CAGR During the Forecast Period
Currently, the military segment has the highest share out of all the segments. With growing threats from terrorists and a rise in political tensions, CBRNe weapons have emerged as a potential threat for several countries. Governments and defense departments of several nations are developing robust and effective countermeasures, in order to protect the public and military personnel from CBRNe weapons. Governments, along with many militaries, are developing the necessary framework for tackling the threats caused by CBRNe incidents. The main focus is on the protection of military personnel against any vulnerable attacks. For instance, the Netherlands Army plans to procure new chemical, biological, radiological, and nuclear (CBRN) reconnaissance vehicles for its fleet. The Netherlands army also plans to increase the operational lifespan of its 12 armored vehicles for CBRNe reconnaissance. The new reconnaissance capabilities are expected to enable the Royal Netherlands Army to effectively detect and identify all CBRNe-relevant substances. Moreover, many investments are being poured in the R&D of devices and equipment for countering CBRNe threats, all of which are expected to increase the revenues of this segment during the forecast period.
North America is Anticipated to Witness the Highest Growth During the Forecast Period
The North American region currently has the highest market share in the CBRNe defense market and is expected to continue its dominance during the forecast period. The majority of demand for CBRNe defense systems in North America is generated from the United States, which has formulated National Strategy for CBRNe Standards for the coordination, prioritization, establishment, and implementation of CBRNe equipment standards by 2020. The country is also significantly investing in the development of R&D of CBRNe defense systems. For instance, in late 2017, the US Army awarded 170 companies a potential 10-year, USD 8.27 billion contracts to help in R&D of CBRNe defense systems under the Joint Enterprise Research, Development, Acquisition, and Production and Procurement program. The investments in development and procurement plans of countries in North America are expected to propel the demand for advanced CBRNe defense equipment during the forecast period.
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What are the market factors that are explained in the report?
Executive Summary : It includes key trends of the global CBRNe Defense market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global CBRNe Defense market based on production and revenue.
Production and Consumption by Region : It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players : Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global CBRNe Defense market.
Market Segments : This part of the report discusses product type and application segments of the global CBRNe Defense market based on market share, CAGR, market size, and various other factors.
Research Methodology : This section discusses the research methodology and approach CBRNe Defense used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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