CBRN Security Market to expand at a CAGR of 4.5% till 2025
CBRN Security Market is valued at USD 10943.78 Million in 2018 and expected to reach USD 14892.98 Million by 2025 with the CAGR of 4.5% over the forecast period.
Increasing threat from terrorist organizations and rise in demand for radiopharmaceuticals are the main factors driving the expansion of the global CBRN security market.
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Scope of the CBRN Security Market Report:
CBRN refers chemical, biological, radiological and nuclear to weaponized or non-weaponized materials that can cause major harm. Chemical, biological, radiological and nuclear defense are protective measures taken in situations during which chemical, biological, radiological or nuclear warfare such as terrorism hazards could also be present. it provide varied procedures and equipment used to protect, detect, and decontaminate chemical, biological, radiological, and nuclear agents, which may cause mass destruction. CBRN incidents can occur intentionally, accidentally or naturally.
Key Players CBRN Security Market Reports-
CBRN security market report covers prominent players are BioFireDefence LLC, Bruker Corporation, Bioquell Plc., HDT Global, AirBoss Defense, MSA Safety, Argon Electronics Ltd, Avon Rubber PLC, FLIR Systems,Blücher GmbH and others.
The regions covered in this CBRN security market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of CBRN security is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
FLIR Systems to Acquire Endeavor Robotics
News: March 4, 2019, FLIR Systems, Inc. announced that that it's completed its previously announced acquisition of Endeavor Robotic Holdings, Inc. Endeavor is one among the most important UGV providers to the us (U.S.) Department of Defense (DoD), and a key supplier of unmanned systems for the accelerating modernization of worldwide military and enforcement operational assets. Endeavor is now a part of the FLIR Government and Defense Business Unit’s Unmanned Systems and Integrated Solutions division.
CBRN Security Market Dynamics –
Increasing threat from terrorist organizations and rise in demand for radiopharmaceuticals are the main factors driving the expansion of the global CBRN security market. According to National Institute of Standards and Technology (NIST), emergency responders across the country, whether in small communities or large cities, need reliable and interoperable chemical, biological, radiological, nuclear, and explosive (CBRNE) detectors to guard life and property. Furthermore, growing concerns of CBRN attack to prevent people from attacks worldwide has boosted the expansion of the CBRN security market. However, high installation and maintenance costs will hamper the expansion of CBRN security market. Moreover, technological advancements and research initiatives by organizations worldwide will enhance opportunity within the CBRN security market during forecast period.
CBRN Security Market Segmentation –
By Type:
Chemical, Biological, Radiological, Nuclear
By Function:
Protection, Detection, Decontamination, Simulation Systems
By Application:
Military, Law Enforcement
CBRN Security Market Regional Analysis –
North America is expected to dominate the largest market for CBRN security in forecast period due to increasing threats of terrorist attacks; rising applications of radiopharmaceuticals in the medical treatments and presence of leading weapon provider are expected to increase the demand for CBRN security in the North American region. Additionally, presence of expertise, advanced equipment and technologies are the major factors supporting the regional CBRN security market growth in Asia pacific. However, the increasing demand for the CBRN security in the emerging countries such as India, china and Brazil are driving the growth of the CBRN security during forcast peried.
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