Press Releases
 
Global CBRN Security Market to Reach US$15074.8 mn by 2025

, 4 December 2017 -- Chemical, Biological, Radiological and Nuclear (CBRN) Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Transparency Market Research observes that the global chemical, biological, radiological, and nuclear (CBRN) security market displays a consolidated yet competitive vendor landscape. The crème of the market, 3M Company, Honey well International, Ansell Ltd., and MSA Safety held more than 70% of the market in 2016.

In order to strengthen the position and for business expansion in the global CBRN market, key players are focused on mergers and acquisitions and strategic alliances. For example, 3M is focused on acquiring various companies in the CBRN security market. In March 2017, 3M announced to acquire North Carolina-based Scott Safety.

Obtain Report Details @ https://www.transparencymarketresearch.com/cbrn-security-market.html

As per estimates from Transparency Market Research, the CBRN security market will rise at a CAGR of 4.8% between 2017 and 2025. Progressing at this rate, the market will reach a valuation of US$15074.8 mn by 2025 increasing from US$9890.0 mn in 2016.

In terms of segmentation by type, the segment of nuclear security held the leading share of more than 30% of the market in 2016 due to increasing terrorist activities in several parts of the world. By function, the segment of protection led the market driven by increasing military expenditures. North America topped among other regional markets for CBRN security in 2016 followed by Europe.

Rising Defense Budget of Nations Fuels Growth

One of the key factors boosting the CBRN security market is increasing demand for CBRN security in developing nations such as China, India, and Brazil among others. Besides this, developed countries such as the U.S. have increased their defense budgets to upgrade surveillance and monitoring equipment. African nations are spending incessantly on surveillance systems and monitoring equipment to mitigate growing CBRN threats such as Ebola in the region.

The growth of CBRN security market is also driven by unfavorable geopolitical issues. This is because the impact of threat from unfavorable geopolitical issues is currently high and is expected to be the same over the report’s forecast period. Clashes between countries due to border insurgency, cold wars also indicate a potential threat of CBRN attacks. Thus, early detection of CBRN incidents and timely response to prevent large-scale destruction is the primary concern of governments worldwide.

Last but not the least, increasing threat from terrorist organizations across the world is one of the key factors expected to drive the CBRN security market over the report’s forecast period between 2017 and 2025. Countries across the world are adopting technology-based solutions to build their defense capabilities to combat CBRN attacks by anti-national or terrorist organizations.

High Cost of CBRN Security Equipment Restrains Market

The growth of the CBRN security is negatively impacted by the high cost of installation, maintenance, and refurbishment of CBRN security equipment. The range of equipment used for CBRN attacks includes spectrometers, unmanned vehicles, radiation detectors, training simulators, and reconnaissance vehicles among others. With the rapid advancement of technology, CBRN security equipment becomes obsolete in no time and are expensive to be replaced or refurbished.

The economic potential of countries has a huge impact on defense and security budget which includes CBRN security equipment as well. While developed and developing countries have a substantial budget for CBRN security equipment and systems, under-developed nations of the world are not capable of affording CBRN security systems to fight hostile groups.

Make an Enquiry @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6475

Nevertheless, growing demand for CBRN security systems in Asia Pacific and the Middle East and Africa to mitigate CBRN threats is expected to offer lucrative growth opportunities for vendors in the CBRN security market.

The information presented is based on the findings of a report published by Transparency Market Research, titled “Chemical, Biological, Radiological and Nuclear (CBRN) Security Market (Type - Chemical, Biological, Radiological and Nuclear; Function - Protection Equipment, Detection Equipment, Decontamination Equipment and Simulation Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

# # #


Submitted by Sandy Researcher, Transparency Market Research on Monday, 4 December 2017 at 8:54 PM
Category: News & Media
 
Related News

Mobile Phone Insurance Market to 2025: Global Size, Share, Growth, Analysis & Demand
Tuesday, 25 Sep 2018

Global Water and Wastewater Treatment Technologies Market Outlook Report 2018-2023
Friday, 21 Sep 2018

Virtual Reality Gaming Market : Global Analysis and Opportunity Assessment 2018-2023
Friday, 21 Sep 2018

Boston Industrial Solutions, Inc. introduces Natron(TM) SilTex(TM) silicone inks for screen printing
Wednesday, 19 Sep 2018

Global Smart Manufacturing Industry 4.0 (2015-2023)
Monday, 17 Sep 2018

Related Events

Ethical Corporation's 12th CR Reporting and Communications Summit 2018
Wednesday, 10 Oct 2018

Latest News

Law Ruler – Platform To Hire Personal Injury Software
Wednesday, 26 Sep 2018

Where Can You Find Daily Free Picks?
Wednesday, 26 Sep 2018

Dermal Fillers Market Upcoming Trends and Opportunities Upto 2025
Wednesday, 26 Sep 2018

Cast Removal Devices Market Future Prospects and Opportunity Assessment Upto 2019
Tuesday, 25 Sep 2018

Dental Consumables Market is Expected to Rise at a CAGR of 6.1% Between 2016-2024
Tuesday, 25 Sep 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Wednesday, 26 September 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Imaging In Hawaii
  • 2nd Safety Labeling and Packaging Summit
  • Medical Affairs Strategic Summit (MASS) West 2018
  • Chemical Development and Scale-Up, Prague, Czech Republic
  • Africa Fertilizer Agribusiness Conference 2018

  • Latest Jobs
    Sorry, there are currently no entries posted here.