Global Chemical, Biological, Radiological, and Nuclear (CBRN) Security Market to Grow Steadily to US$11.92 bn by 2021

The growing concerns for minimizing threats from terrorist organizations and reduction of chemical and nuclear stockpiles, the market for CBRN security is growing at a steady pace globally. The shifting military tactics and concerns to prevent impacts of mass destruction weapons by terrorist organizations are currently boosting the market for CBRN Security in the global market. International laws and congressional mandates for destruction of CBRN arsenals of countries are enhancing the growth of the global CBRN security market.

In addition, the initiatives for training the armed troops for protection of civilians during incidents of CBRN attacks are also escalating the demand for CBRN security worldwide. Various governmental and non-governmental organizations worldwide are investing in the development of effective CBRN security solutions. However, the economic condition of a country often poses as a major restraint in the investment and procurement of enhanced CBRN solutions from developed nations.
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Based on segmentation by type, the global CBRN security market has been categorized into chemical, biological, radiological and nuclear security. With the adoption of advancing technology and increasing research initiatives worldwide, new generation CBRN security equipment are launched in market primarily focusing on use by the government organizations, military and law enforcement agencies. Additionally, the concerns for protection of civilian lives by natural or intentional CBRN incidents is boosting the demand for CBRN security systems based on functions such as protection equipment, detection, decontamination and simulation. Owing to these factors, the global CBRN security market is growing at a rapid pace. 

Demand for nuclear security segment is increasing globally at a very high pace owing to the congressional mandates and restrictions by international laws against the use of nuclear weapons. Additionally, the chemical security segment is gaining importance among various military and law enforcement agencies, owing to evidences of terrorist organizations procuring chemical agents to develop weapons of mass destruction.

Based on the geographical segmentation, North America lead the global CBRN security market with market revenue share more than thirty percent in 2014 and is expected to continue its dominance throughout the forecast period from 2015 to 2021. Growing interest for effective CBRN control and increasing adoption of enhanced security systems to prevent CBRN incident are the major factors driving the growth of the CBRN security market in North America. Following North America, the largest market in the global CBRN security market was estimated to be Europe. Owing to increasing threat from terrorist organizations and various biological diseases in Europe, the market for CBRN Security in the region is expected to surge in during the forecast period. Considering the developing economies and the escalating arms race in the Asia Pacific (APAC), the CBRN security market in the region is presently estimated to be growing at a CAGR of 4.6% from 2015 to 2021. APAC is estimated to be the fastest growing region in the global CBRN security market currently. The Rest of the World (RoW) CBRN security market is growing primarily owing to the political disputes, increasing power of various anti-national organizations, and existing crime rackets in the region. Competition and investment in the market are expected to be fuelled by the advancing technological developments, which in turn are expected to offer lucrative opportunities over the forecast period.

Segmentation on the basis of function includes protection, detection, decontamination and simulation. Protection is estimated to be the largest segment in the global CBRN security market by functions. Whereas, decontamination is estimated to be the most attractive segment in the global CBRN security market over the forecast period, followed by detection. The key players in the CBRN security market are Argon Electronics (U.K.) Ltd., Bruker Corporation, FLIR Systems, Inc., Blücher GmbH, HDT Global, AirBoss Defense, Inc., General Dynamics Corporation, MSA Safety, Inc., Kärcher Futuretech GmbH and Thales Group among others.

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