openPR Logo
Press release

CBRN Security Market - Increased Defense Budget of Emerging Economies Driving Demand

The analysts of a recent business intelligence study by Transparency Market Research (TMR) has detected that the global chemical, biological, radiological, and nuclear (CBRN) security market is quite consolidated in nature with four companies reserving nearly 70% of the total shares in 2016. The four companies who are ahead of the curve, viz. Honeywell International, 3M Company, MSA Safety, and Ansell Ltd., have established themselves by expanding geographically, frequently indulging in mergers and acquisitions as well as eyeing strategic collaborations. For instance, the 3M Company acquired Scott Safety in Market 2017, adding the North Carolina based company to its portfolio. Boeing Company, Unisys Technologies, Lockheed Martin, International Business Machines Corporation (IBM), Accenture, and Siemens AG are some of the other notable companies currently holding a notable position in the global CBRN security market.

Browse The Report: https://www.transparencymarketresearch.com/cbrn-security-market.html

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

According to the projections of the TMR report, the demand in the global CBRN security market will multiply at a CAGR of 4.8% during the forecast period of 2017 to 2025, by the end of which the opportunities in the market are estimated to translate into a revenue of US$15,074.8 mn, substantially up from its evaluated worth of US$9,890.0 mn in 2016. Going forward, the vendor landscape of the global CBRN market is expected to remain intensely competitive with the development of innovative products turn out as the primary mode for the companies to gain greater shares. For example, Honeywell’s NIOSH CAP 2 is quite popular as an escape hood as it offers nearly 30 minutes of protection from many contaminants and its dual cartridge design helps in providing comfort. The product is currently being used for industrial safety purposes.

Based on type, the TMR report segments the CBRN security market into chemical, biological, radiological, and nuclear, with the latter providing for more than 33.8% of the total demand in 2016. On the back of strict government regulations and international laws pertaining to nuclear products, this particular segment is expected to maintain its leadership position throughout the forecast period. Based on function, the report bifurcates the market for CBRN security into detection equipment, protection equipment, simulation systems, and decontamination equipment, with the protection equipment currently providing for the maximum demand. Geographically, the analysts of the report highlights North America as the most lucrative region, gaining maximum demand from the technologically developed country of the U.S. That being said, Asia Pacific houses a number of emerging economies such as China, India, South Korea, and Japan, who all are incrementing their defense and security budget and are expected to turn the region into a highly lucrative one towards the end of the forecast period.

Unfavorable Geopolitical Tensions Driving Demand

Increased emphasis of a number of emerging economies, particularly those in the BRICS nation, is the primary driver of the global CBRN security market. These countries have recognized the threat that various foreign radicals such as cross border terrorism pose to their citizens and are allocating extended budget to upgrade their monitoring and surveillance systems. Unfavorable geopolitical tussles among a number of neighboring countries has led to cold war in various disputed locations across the world and growing concerns of CBRN attack is propelling the market for the systems that provide adequate protection against it.

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

On the other hand, high cost of equipment pertaining to CBRN security and their maintenance are the primary obstruction that is holding the market from attaining its true potential in a number of emerging economies.

The information presented in this review is based on a Transparency Market Research report, 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

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CBRN Security Market - Increased Defense Budget of Emerging Economies Driving Demand here

News-ID: 922734 • Views:

More Releases from Transparency Market Research

Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031| Says Transparency Market Research
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from 2022 to 2031: TMR Study
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, According to TMR Study
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, Acco …
The latest research study released by Transparency Market Research on "𝐌𝐢𝐧𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Mining Automation industry, as well as

All 5 Releases


More Releases for CBRN

CBRN Defense Market worth $22.2 billion by 2026
According to a research report "CBRN Defense Market by Type, End Use (Defense and Civil & Commercial), Equipment (Protective Wearables, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software) & Region - Forecast to 2026" published by MarketsandMarkets, CBRN Defense market is projected to grow from USD 17.4 billion in 2021 to USD 22.2 billion by 2026, at a CAGR of 5.0% during the forecast period. Chemical,
Global CBRN Protective Equipment Market Analysis (2020-2025)
Global Info Research offers a latest published report on CBRN Protective Equipment Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global CBRN Protective Equipment Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report TOC, figure
Global CBRN Defense Market 2020 Business Strategies – CBRN defense market incl …
The Zion Market Research added a new report “CBRN Defense Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major market players, segmentation and forecasting. CBRN Defense Market Market research report which provides an in-depth examination of the market scenario regarding market size, share,
Global CBRN Defense Market 2020 | CBRN defense market include Thales Group, Bruk …
The Global CBRN Defense Market report focuses market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the CBRN Defense Market development in worldwide. The report offers a precise evaluation of market size, share, demand, revenue, and growth rates. It presents current trends in the global market and projects the revenue and potential developments of key players. The report contains reviews of the
Chemical, Biological, Radiological and Nuclear (CBRN) Security Market 2025 | Ind …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Chemical, Biological, Radiological and Nuclear (CBRN) Security Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. To Get Sample Copy of
CBRN Defense Market : Trends And Industry Analysis
The foremost aim of the report is to provide accurate market estimation and to forecast the global CBRN Defense market on the basis of market segmentation. Significant segments of the market have been analyzed along with the geographical insights. The study also provides detailed analysis of top impacting factors such as drivers, restraints & opportunities and their influence over the market. The report provides the detailed market size breakdown with