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Global CBRN Security Market to Grow

Chemical, Biological, Radiological and Nuclear (CBRN) security includes the protective and preventive measures to combat situations which involve these hazardous agents. CBRN security is a growing market worldwide owing to the concerns for protection of civilian lives and maintenance of economic stability. Threats from terrorist organizations and geo-political issues are the primary drivers of the global CBRN security market. The leading countries in the CBRN security market include the U.S., Russia, the U.K. and China among others.

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The countries such as India, Japan, South Korea, France, Germany, Saudi Arabia, Israel and South Africa are expected to generate further demand for CBRN security in the recent future. With increasing initiatives of demilitarization such as reduction of CBRN weapons stockpile and growing investments in the CBRN resistance technologies, the CBRN security products are expected to be developed by the manufacturers with better effectiveness, detection capabilities, and rapid decontamination functions. Moreover, the industry encounters several major restraints such as the soaring expenditure in research, design and development of CBRN security equipment, which has high impact presently and restricts the growth of the market. However, the impacts of these factors are expected to reduce over the period of forecast.

In this report, the market has been segmented based on type, function and geography. It also includes drivers, restraints and opportunities (DROs). The study highlights current market trends and provides the forecast from 2014 to 2021. The report covers the current market scenario for CBRN security and highlights future trends that could affect the demand for the same. The global CBRN security market is anticipated to observe a sturdy growth from 2015-2021 at a substantial CAGR.

By geography, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Based on the type, the market has been categorized into chemical, biological, radiological and nuclear security. Additionally, the market has been segmented on the basis of functions which include protection equipment, detection equipment, decontamination equipment and simulation equipment. The market size and forecast from 2015 to 2021 have been provided in the report.

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Analysis of macro and micro economic factors driving and restraining the growth of the global CBRN security market has been covered under the scope of the study. The market attractiveness analysis provided in the report, highlights the major areas for future investments in this CBRN security industry. The report is intended to help security contractors, original equipment manufacturers (OEMs) and suppliers in understanding the current and upcoming opportunities in the global CBRN security market and formulating their business strategies accordingly. In addition, governments, military organizations and other buyer communities can also benefit from the report.

This study includes the profiles of key players in the global CBRN security market and the strategies adopted by them to sustain in the competition. Recent developments by the key players in the market are expected to help the emerging players to design their strategies in an effective manner. The study is expected to help key players in the market and governments across the world to formulate and develop new strategies related to CRBN security equipment. The key participants in this 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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