"The global CBRNE defense system market value is projected to reach $20.23 billion by 2025, reveals the premium market intelligence study. The study also highlights that the market value is set to witness a CAGR of 4.10% during the period 2020-2025.
The comprehensive study of the global CBRNE defense system market extensively covers the following:
The study encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, and segmental analysis.
This study indicates that the increasing usage of CBRNE weapons by terrorist groups, shifting geopolitical environment, and rising adoption of protective wearables in CBRNE environments, among other factors, are fueling the growth of the market.
The study highlights the various emerging opportunities, such as designing advanced technologies for the detection of CBRNE threats, developments in unmanned Systems for the detection and disposal of CBRNE threats, and adopting simulator technology to enhance CBRNE training, which can be leveraged by players operating in the market.
In order to gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include application, end user, component, contamination type, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.
Haidar Ali, a Lead Analyst, states, " Companies across the world are investing a significant amount of resources in developing advanced CBRNE defense technologies to counter hazardous threats. Governments are adopting advanced cutting-edge technologies in their infrastructure that detect and identify CBRNE threats by employing multiple data sources and uses data fusion, pattern matching, machine learning, and adversary modeling techniques.”
Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include 3M, AB Precision (Poole) Ltd, Airboss Defense Inc., Argon Electronics Ltd., Avon Rubber PLC, Block Engineering, LLC., Bruker Corporation, Chemring Group PLC, Cristanini SPA, Critical Solutions International (CSI), Environics Oy., FLIR Systems, Inc., HoldFast System, Kärcher Futuretech GmbH, MSA Safety, Inc., OPEC CBRNE, Rapiscan Systems, and Smiths Group.
The study also offers strategic recommendations that can help organizations track various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.
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Source: ASDReports - Market Research
Date: Jan 18, 2021