According to MarketIntelReports “Global CBRND Market 2017-2021”:
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CBRN (chemical, biological, radiological, and nuclear defense) is a measure taken to fight cbrn warfare and hamzat incidents. Soldier protection and safety is an area of focus for defense ministries around the globe. The CBRND Market is growing rapidly due to the concerns for protection of civilian lives and maintenance of economic stability. The threats from terrorist groups and geo political issues are responsible for driving the demand for cbrn defense. Due to the initiatives of demilitarization like reduction of cbrn weapons stockpile and increasing investments in the cbrn warfare, the cbrn security products are likely to be developed by manufacturers with good detection capabilities and better effectiveness and rapid decontamination functions.
Scope & Regional Forecast of the CBRND Market
The CBRND Market is boosted by the growing demand for cbrn protection globally. The importance for the security and safety of people during cbrn incidents caused either naturally, artificially or intentionally is propelling the demand for cbrn operations worldwide. The cbrn security systems and equipment provide facilities to the armed troops and civilians by providing effectiveness and accuracy in protection, detection, and decontamination of the harmful agents during cbrn attack situations.
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The nuclear security segment held the highest revenue in the CBRND Market in 2014. North America is expected to dominate the market during the forecast period. Growing interest for cbrn defense course and adoption of the enhanced security systems to prevent cbrn incidents are the factors which drive the growth of the market in North America. The initiatives undertaken by the governments and military to curb the threats of the terrorist organisations further contribute to the growth of the cbrn system.
Asia Pacific is expected to record the fastest growth in the CBRND Market. The governments expect an impending terrorist attacks from cbrn agents and hence the demand for the cbrn analysis grows. The war preparation against terrorism will be the major growth factor for the market with focus and increase in budget in the regions surrounding Africa, Middle East, Asia Pacific, and Europe.
The CBRND Market is effected by the factors like increasing expenditure in research, design and development of cbrn security equipment. These factors may hamper the demand for cbrn defense training. However, these impacts due to the factors are expected to reduce during the period of the forecast.
Segmentations & Key Players Involved in the CBRND Market
The CBRND Market can be broken down into various segments as follows:
- Type- Chemical, Biological, Radiological, and Nuclear.
- Function- Protection, Detection, Decontamination, and Simulation Systems.
- Region- Americas, APAC, and EMEA.
Some of the key players involved in the CBRND Market are as follows:
- Elbit Systems
- FLIR Systems
- Smiths Detection
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