CBRNE Integrated Vehicle Market - Forecast(2024 - 2030)
CBRNE Integrated Vehicle Market Overview:
CBRNE
Integrated Vehicle Market size is estimated to reach $7.3 billion by 2030,
growing at a CAGR of 5.3% during the forecast period 2023-2030. The market for
CBRNE Integrated Vehicle is primarily driven by the growing investments in the
defense industry and rising need for public safety, there is an increasing
demand for integrated vehicles in several areas such as military, homeland
security and border control, industrial facilities, nuclear power plants and so
on. According to
USAspending.gov report, The Department of Homeland Security (DHS) has $178.88
billion split among its 17 sub-components in fiscal year 2023.
Market Snapshot:
CBRNE Integrated Vehicle Market - Report Coverage:
The “CBRNE
Integrated Vehicle Market Report - Forecast (2023-2030)” by IndustryARC,
covers an in-depth analysis of the following segments in the CBRNE Integrated
Vehicle Market.
COVID-19/ Ukraine Crisis - Impact Analysis:
∙
The pandemic
caused major disruptions in worldwide supply chains, disrupting defense
equipment manufacturing and delivery, including CBRNE integrated vehicles.
Manufacturing and delivery delays are caused by lockdowns, mobility
restrictions, and workforce limits. Governments throughout the world
experienced enormous economic issues as a result of the epidemic, prompting
budget cuts in a variety of areas, including defense funding. Defense budget
cuts have had an influence on the acquisition of CBRNE integrated vehicles.
∙
The
Russia-Ukraine war has broader consequences on the global economy, including
energy prices, supply chains, and trade flows. These macroeconomic factors have
indirectly impacted overall demand for CBRNE integrated vehicles. Additionally,
at a regional level the demand for CBRNE integrated vehicles witnessed increase
due to the rising tensions of the conflict and concerns over use of chemical
& nuclear agents in the war.
Key Takeaways:
∙
Fastest Growth of Asia Pacific Region
Asia
Pacific region is analyzed to grow with the highest CAGR 6.3% in the global CBRNE
Integrated Vehicle Market during the forecast period 2023-2030. Rising investments in Army and Defense has led to a growing demand
for CBRNE Integrated Vehicle in the region. For Instance, in 2022, South
Korea's Defense Acquisition Programme Administration (DAPA) has signed a
contract with Korea Aerospace Industries (KAI) to develop an airborne mine
countermeasures (AMCM) system for the Republic of Korea Navy (RoKN) worth $70
million. According to KAI, its Marineon amphibious mobile helicopter, which is
being developed for the Republic of Korea Marine Corps (RoKMC), will be
modified for the role. These systems will include laser mine Integrated
Vehicle, an underwater autonomous mine search vehicle, and an unmanned mine
neutralization system.
∙
Reconnaissance Vehicles are Leading
the Market
Reconnaissance Vehicles with
new systems accounted for the largest share, attributing a value of $2.5
Billion in 2022. Reconnaissance vehicles, also known as recce vehicles or scout
vehicles, are specialized military vehicles designed for the purpose of
gathering information about the enemy, terrain, and other relevant aspects of
the battlefield. The electrification of reconnaissance vehicles in the military
is a growing trend aimed at enhancing their stealth, agility, and
sustainability. Electric propulsion systems, including hybrid and fully
electric options, reduce noise levels, making these vehicles more discreet
during covert operations. Moreover, electric reconnaissance vehicles contribute
to lower fuel consumption and reduced emissions, aligning with environmental
and logistical considerations in modern military strategies. This transition
represents a significant advancement in military technology, enabling more
efficient and eco-friendly reconnaissance missions. In March 2023, the US Army
approved the requirements to begin prototyping its new Electric Light Reconnaissance
Vehicle (eLRV).
∙
Unmanned Vehicles to Register Highest
Growth
Unmanned Vehicles segment is analyzed to grow with the highest CAGR 7.5% during
the forecast period 2023-2030. This is owing to several nations are investing in
CBRNE integrated vehicle contracts for homeland security, In February 2023, FIR
teledyne defense, a division of teledyne technologies incorporated, announced
that the U.S. department of defense has awarded it a $13.3 million contract to
enhance the CBRN (chemical, biological, radiological, and nuclear)
reconnaissance capabilities of its R80D SkyRaider unmanned aerial system.
∙
The Continuous Rise in Military
Expenditures and Spending Across the Globe Is Driving the Market.
According to Stockholm International Peace
Research Institute report, In 2022, global military spending increased by 3.7%
in real terms to a record $2,240 billion. Over the decade 2013-22, global
spending increased by 19% and has risen every year since 2015. Military
expenditure by states in Central and Western Europe totaled $345 billion in
2022. Russia's invasion of Ukraine was a major driver of spending growth in
2022. Military spending in Europe increased by 13% last year, the largest
annual increase in total European spending since the Cold War. Significant
increases in Russian and Ukrainian spending accounted for much of the
exceptional growth, but many other European countries increased their military
budgets in 2022.
∙
High Costs Associated with CBRNE Detection Services &
Products as a Major Challenge
Developing advanced CBRNE Integrated Vehicles requires significant
investments in research and development. Creating reliable and sensitive vehicle
to detect a wide range of chemical, biological, radiological, nuclear, and
explosive agents necessitates extensive research, testing, and innovation. Operating
CBRNE integrated vehicles need specialized training for the personnels, and the
operators involved. This training is necessary to guarantee that the vehicle's
capabilities are used effectively and safely. Training expenditures and the
requirement to keep a highly skilled workforce contribute to total costs. CBRNE
integrated vehicles contain sophisticated systems that require frequent
maintenance, calibration, and upkeep to maintain their dependability and
accuracy.
CBRNE
Integrated Vehicle Market Share (%) By Region, 2022
Key Market Players:
Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the CBRNE Integrated Vehicle Market. The top 10 companies in this industry are listed below:
- Iveco group (IDV)
- Rheinmetall AG (Survivor R 4x4)
- General Dynamics (Tracked Robot 10-Ton (TRX))
- SAAB (CBRN Reconnaissance Vehicle Kit (CRVK))
- Indra Sistemas (AREVE)
- FLIR Systems, Inc. (MUVE™ R430)
- Milrem Robotics (The THeMIS UGV)
- FNSS (The SHADOW RIDER)
- Thales (Schiebel S-100)
- Smith Detection (The Precision Biological Detection System (PBDS))
Scope of the Report:
The CBRNE Integrated Vehicle Market is projected to grow at 5.3% CAGR during the forecast period 2023-2030.
Global CBRNE Integrated Vehicle Market size is estimated to value around $5 billion in 2023 and is projected to surpass $7 billion by 2030
The leading players in the CBRNE Integrated Vehicle Market are Iveco group, Rheinmetall AG, General Dynamics, SAAB, Indra Sistemas, FLIR Systems, Inc., Milrem Robotics (Qinetiq), FNSS, Thales, Smith’s Detection and others.
Electrification in reconnaissance vehicles and integration of advanced sensing systems in unmanned platforms to drive the market.
The Governments throughout the world have been investing significantly to improve their capabilities in reacting to CBRNE disasters. Defense modernization programs, homeland security efforts, and civil defense projects stimulated investment in CBRNE Integrated vehicles are driving factors of the market.