Market Share of CBRNE Defense Industry
The CBRNe defense market is fragmented, with several players accounting for minor shares in the global market. The prominent players in the market include Rheinmetall AG, Smiths Group PLC, Bruker Corporation, Teledyne FLIR LLC, and THALES. In line with the increasing global demand, several companies have collaborated with research laboratories and institutions to develop advanced defense equipment or devices.
For instance, in October 2023, the UK Ministry of Defence awarded a contract to Smiths Detection, valued at USD 111.76 million, to develop next-generation Chemical Sense Equipment after a competitive tendering process. The program will enhance the MoD's capabilities in chemical detection and protection against toxic chemicals. Smiths Detection will develop three advanced chemical sensor products: wearable personal sensors with vapor and aerosol capabilities, a portable survey sensor for hazardous locations, and a remote monitoring sensor for fixed locations.
Investments in advanced robotic technologies (integrated advanced sensors and payloads for conducting CBRNe missions) and strategies, such as building trust with stakeholders, lowering product costs, and increasing product awareness, are expected to drive the growth of market players during the forecast period.
CBRNe Defense Market Leaders
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Teledyne FLIR LLC
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Smiths Group plc
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Thales Group
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Bruker Corporation
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Rheinmetall AG
*Disclaimer: Major Players sorted in no particular order
