CBRN Security Market to be worth US$15,074.8 mn by 2025

The global chemical, biological, radiological, and nuclear security market is rising at a steady pace globally as demand for effective CBRN protection measures to combat terrorist attacks is at an all-time high. The threat of use of weapons of mass destruction by terrorist organizations have raised alarms to prevent possible attacks with CBRN systems. CBRN security is a rising market to address concerns related to protecting civilian lives and maintenance of economic stability.

In addition, CBRN systems are used for accidental incidents. These include events caused by human or technological errors such as accidental leaks or factory spillage of poisonous gas or liquids. Intentional CBRN incidents occur when CBRN materials are released into the environment with the intention of terrorism or war or when hazardous material is discharged into the environment deliberately.

One of the key factors driving the CBRN security market is increasing demand for CBRN security in developing countries such as India, China, and Brazil among others. In addition, African nations are expected to continue spending incessantly on CBRN surveillance systems to mitigate rising CBRN threats such as Ebola in the regaion. With continual technological advancements and increasing research initiatives worldwide, new-age CBRN security equipment are launched that primarily focus on government organizations, military, and law enforcement agencies.

Transparency Market Research estimates the global CBRN security market to be worth US$15074.8 mn by 2025 increasing from US$9890.0 mn in 2016, expanding at a CAGR of 4.8% between 2017 and 2025.

Request PDF Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6475

Nuclear Security Type Segment Enjoys Dominant Share in Market

In terms of type, the global CBRN security market has been segmented into chemical, biological, radiological, and nuclear security. The nuclear segment, among these, is the most attractive segment with the segment holding 33.8% of the overall market in 2016. Demand for nuclear security segment is rising globally at a very high pace due to congressional mandates and international laws that restrict the use of nuclear weapons. Additionally, the segment of chemical security is gaining importance among military and law enforcement agencies due to evidence of procurement of chemical agents by terrorist organizations to develop weapons of mass destruction.

By function, the global CBRN security market is segmented into protection, detection, decontamination, and simulation. The protection segment in CBRN security market held the leading share of 33.6% in 2016. The leading share of the segment is due to increasing military expenditures. Detection segment stood as the second-leading segment in the market in the same year.

Get TOC @ https://www.transparencymarketresearch.com/report-toc/6475

Asia Pacific to Emerge as Significant Market in Near Future

The geographical segments into which the global CBRN security market is divided are North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. North America stood as the leading regional segment in 2016 and is expected to retain supremacy over the forecast period between 2017 and 2025. The increasing threat of terrorist attacks and the rising applications of radiopharmaceuticals in medical treatments are boosting the demand for CBRN security systems in North America.

However, Asia Pacific is expected to rise at the leading CAGR of 5.4% between 2017 and 2025. Increasing defense budgets that includes adoption of CBRN security systems is one of the key factors boosting growth of this regional market.

Key players in the global CBRN security market include Survitec Group, Tingley Rubber Corporation, W.L. Gore & Associates Inc., MKU GmbH, Blücher GmBH, 3M Company, Respirex International Ltd, Alaska Structures, Honeywell International Inc., and ILC Dover, Argon Elecronics Ltd, FLIR Systems Inc., HDT Global, AirBoss Defense Inc., MSA Safety Inc., General Dynamics Corporation, Bruker Corporation, Thales Group, and Kärcher Futuretech GmbH among others.

Hi, I am Kishor and currently working as SEO Executive in TMR having experience in SE rankings, keyword research, website analysing, social media optimization and link building.