This market research report covers the growth prospects of the global CBRND market with segmentation based on regions. Market shares of key geographies include the Americas, APAC, and EMEA. It also includes an insightful analysis of the leading vendors in this market such as Alfred Karcher, Bruker, Chemring Group, Elbit Systems, and Smiths Detection.
Technavio’s market research analysts estimate the global CBRND market, to grow at a CAGR of 5% between 2016 and 2020. The increasing investments in CBRN defense is a key factor responsible for the continuous demand for CBRN protection, detection, and decontamination equipment. The Americas dominate the global CBRND market, owing to the high military spending in the US. As a result of the Nuclear Non-Proliferation Treaty (NPT), Chemical Weapons Convention (CWC), and Biological Weapons Convention (BWC), the US has decided to do away with the production and stockpiling of CBRN weapons, and safeguard humanity.
The new market research report from Technavio provides a breakdown and analysis of the CBRND segments by technology.
“The US Naval Research Laboratory (NRL) scientists have developed unique systems such as electrospinning, to fight the risks posed by the spontaneous decontamination of these chemical and biological agents. The scientists have incorporated functional additives such as fullerenes, quaternary ammonium salt (QAS) biocides, phthalocyanines, and polyoxometalates (POMs), which are capable of neutralizing chemical and biological agents,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
This global market research study anticipates the introduction of CBRN reconnaissance vehicles to boost the market growth in the coming years. Such vehicles are also provided with services like real-time monitoring and geo-referencing of chemical compounds, which help in detecting and identifying the CBRNE threats efficiently, which is likely to drive the market over the forecast period.
The leading vendors in the global CBRND market are Alfred Karcher, Bruker, Chemring Group, Elbit Systems, and Smiths Detection. The competitive environment of this market is expected to intensify with an increase in R&D innovations and M&A in the coming years. The market is also likely to witness a growing trend of local acquisitions by the leading players. The key players in the market are expected to diversify their geographical presence with a focus on the Americas by 2020.
A more detailed analysis is available in the Technavio report, Global CBRND Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
