CBRNE Defense Market to Reach USD 29.3 Billion by 2032
CBRNE Defense Market Outlook
The global CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosives) defense market is on a steady upward trajectory, driven by growing threats of terrorism, geopolitical tensions, and increased investments in national defense. According to Market Research Future, the CBRNE defense market size was valued at USD 18.22 billion in 2022 and is expected to grow from USD 19.11 billion in 2023 to USD 29.3 billion by 2032. This reflects a compound annual growth rate (CAGR) of approximately 4.87% during the forecast period of 2024 to 2032.
Rising Threat Landscape Driving Demand
The primary catalyst behind the growth of the CBRNE defense market is the evolving global threat landscape. Nations across the globe are facing increased risks from state and non-state actors who may deploy CBRNE weapons to destabilize regions or inflict mass casualties. As geopolitical tensions rise, particularly in regions of political instability, the demand for advanced defense…