Global CBRN Protection Equipment Sales To Reach A Valuation Of US $ 61.6 Bn In 2029

North America is expected to grow at a CAGR of 5.2 percent and accounts for the largest share of the global market due to advancements in military capabilities in the United States and Canada, as well as continuous US investments in the defense sector.

Rising geopolitical turbulence, threats from terrorist groups, hostile neighboring countries, and growing regional conflicts among nations have all contributed to the stockpiling of various Weapons of Mass Destruction (WMD) by various countries.

Between 2014 and 2021, sales of CBRN protection equipment increased at 4.6 percent CAGR, with the United States, Mexico, China, India, and the United Kingdom accounting for a sizable portion of the global market.

During the assessment period, the growing demand for safety measures from various economies will fuel global demand for CBRN protection equipment. As a result, market participants are likely to place a premium on technological advancements in CBRN equipment.

Currently, mergers and acquisitions of peers, as well as an increase in the number of CBRN protection equipment contracts with governments, are the primary strategies used by players to penetrate deeper into the market and increase their global market share.

Different CBRN protection equipment is increasingly being used by government defense organizations in various countries for field and rescue operations.

Furthermore, advanced training programs for the army, as well as effectively detecting and responding to incidents or accidents, will necessitate the secure storage of CBRN materials. As a result, governments are increasing their demand for innovative CBRN materials.

Military operations are increasing the demand for integrated collective protection equipment (COLOR) in military camps. This ongoing CBRN protection equipment trend is expected to drive growth in the global CBRN protection equipment market. As a result, the CBRN protection equipment market is expected to grow at a 5.5 percent CAGR from 2022 to 2029.

Chemical weapons have been used often in recent years. For example, the recent use of chemical weapons attacks between 2012 and 2018 in Syria, where numerous people were killed. Such activities have increased the demand for CBRN protection equipment such as CBRN suits, masks, CBRN filtration systems, and others.

For instance, in February 2017, North Korean agents used a nerve agent (VX) at Kuala Lumpur Airport, Malaysia. To cope with this situation, manufacturers are offering modern protective equipment along with a filtration system and advanced features that provide a higher degree of protection. Such factors have increased demand in the CBRN protection equipment market.